Wisconsin § 408.204 Effect of issuer’s restriction on transfer.

Wisconsin Statutes

§ 408.204 — Effect of issuer’s restriction on transfer.

Wisconsin § 408.204

Ch. 408Uniform commercial code — investment securities

Subch.subch. II of ch. 408 SUBCHAPTER II

ISSUE AND ISSUER

This text of Wisconsin § 408.204 (Effect of issuer’s restriction on transfer.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 408.204 (2026).

Text

204  A restriction on the transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without knowledge of the restriction unless:
204(1) (1) The security is certificated and the restriction is noted conspicuously on the security certificate; or
204(2) (2) The security is uncertificated and the registered owner has been notified of the restriction.

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408.204 A restriction on the transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without knowledge of the restriction unless:
408.204(1) (1) The security is certificated and the restriction is noted conspicuously on the security certificate; or
408.204(2) (2) The security is uncertificated and the registered owner has been notified of the restriction.