Vt. Stat. tit. 9A § 8-204

Current through L. 2024, c. 185.

Section 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) 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.

9A V.S.A. § 8-204

Added 1995, No. 92 (Adj. Sess.), § 1, eff. 1/1/1997.