North Dakota Statutes
§ 41-08-20 — (8-204) Effect of issuer's restriction on transfer
North Dakota § 41-08-20
This text of North Dakota § 41-08-20 ((8-204) Effect of issuer's restriction on transfer) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.D. Cent. Code § 41-08-20 (2026).
Text
A restriction on transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without knowledge of the restriction unless:
1.The security is certificated and the restriction is noted conspicuously on the security
certificate; or
2.The security is uncertificated and the registered owner has been notified of the
restriction.
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Nearby Sections
15
§ 41-01-01
(1-101) Short titles§ 41-01-02
(1-102) Scope of chapter§ 41-01-05
(1-105) Severability§ 41-01-07
(1-107) Section captions§ 41-01-09
(1-201) General definitions§ 41-01-10
(1-202) Notice - Knowledge§ 41-01-12
(1-204) Value§ 41-01-13
(1-205) Reasonable time - Seasonableness§ 41-01-14
(1-206) PresumptionsCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 41-08-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/41-08-20.