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Haw. Rev. Stat. § 490:8-204

Effect of issuer's restriction on transfer

Known as the Uniform Commercial Code

The act spans §§ 490:10-101 to 490:9-809 (641 sections).

L 1997, c 33, pt of §2

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.

Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.