Utah Statutes
§ 70A-8-204 — Effect of issuer's restriction on transfer.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-8 Uniform Commercial Code - Investment Securities·Part 70A-8-2 Issue and Issuer
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Repealed and Re-enacted by Chapter 204, 1996 General Session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Laws not repealed.§ 70A-1a-101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.