Utah Statutes
§ 70A-8-204 — Effect of issuer's restriction on transfer.
Utah § 70A-8-204
JurisdictionUtah
Title 70AUniform Commercial Code
Ch. 70A-8Uniform Commercial Code - Investment Securities
Part 70A-8-2Issue and Issuer
This text of Utah § 70A-8-204 (Effect of issuer's restriction on transfer.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Utah Code Ann. § 70A-8-204 (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
Viernow v. Euripides Development Corp.
157 F.3d 785 (Tenth Circuit, 1998)
K & T, INC. v. Koroulis
888 P.2d 623 (Utah Supreme Court, 1994)
Salt Lake City Corp. v. Cahoon & Maxfield Irrigation Co.
879 P.2d 248 (Utah Supreme Court, 1994)
Legislative History
Repealed and Re-enacted by Chapter 204, 1996 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 70A-8-204, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/70A-8-204.