Oklahoma Statutes (Last Updated: September 18, 2014)

§ 12A-8-204. Effect of Issuer's Restrictions on Transfer.

Latest version.

Effect of Issuer's Restrictions 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)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.

Added by Laws 1961, p. 154, § 8-204. Amended by Laws 1984, c. 76, § 13, eff. Nov. 1, 1984; Laws 1995, c. 242, § 20, eff. Feb. 1, 1996.

                    
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