Idaho Code § 28-8-204

Current through the 2024 Regular Session

Section 28-8-204 - EFFECT OF ISSUER'S RESTRICTION ON TRANSFER

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) 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.

Idaho Code § 28-8-204

[28-8-204, added 1995, ch. 272, sec. 2, p. 887.]