Public-domain · open source
OpenJurist

W. Va. Code § 46-8-204

Effect of issuer's restriction on transfer

Known as the Uniform Commercial Code

The act spans §§ 46-10-101 to 46-9-809 (630 sections).

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