N.M. Stat. § 55-8-204

Current through 2024, ch. 69

Section 55-8-204 - 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.

NMS § 55-8-204

1978 Comp., § 55-8-204, enacted by Laws 1996, ch. 47, § 24.