Oregon Statutes
§ 78.2040 — Effect of issuer’s restriction on transfer
Oregon § 78.2040
This text of Oregon § 78.2040 (Effect of issuer’s restriction on transfer) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Or. Rev. Stat. § 78.2040 (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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Related
Greenland Asset Management Corporation v. Transfer Online, Inc.
(D. Oregon, 2024)
Legislative History
1961 c.726 §78.2040; 1985 c.676 §78.2040; 1995 c.328 §20
Nearby Sections
15
§ 78.1010
Short title§ 78.1020
Definitions and index of definitions§ 78.1030
Rules for determining whether certain obligations and interests are securities or financial assets§ 78.1050
Notice of adverse claim§ 78.1060
Control§ 78.1080
Warranties in direct holding§ 78.1090
Warranties in indirect holding§ 78.1100
Applicability; choice of law§ 78.1110
Clearing corporation rules§ 78.1120
Creditor’s legal process§ 78.1130
Statute of frauds inapplicableCite This Page — Counsel Stack
Bluebook (online)
Oregon § 78.2040, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/78.2040.