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Cal. Com. Code § 8204

Issue and Issuer

Known as the Uniform Commercial Code

The act spans §§ 1101–12107 (623 sections).

Repealed and added by Stats. 1996, Ch. 497, Sec. 9

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 either of the following applies:

(1) The security is certificated and the restriction is noted conspicuously on the security certificate.

(2) The security is uncertificated and the registered owner has been notified of the restriction.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.