| Code of Alabama |
| Match Context and Document information |
| URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/7-8-204.htm |
|---|---|
| Depth: | 0 singles |
| Size: | 885 bytes |
| Modified: | 2006-11-22 10:55:46 |
| Categories: | -None- |
| Title: | 7-8-204 |
| Description: | -None- |
| Keywords: | -None- |
| Meta data: | -None- |
| Body: | Section 7-8-204 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. (Acts 1965, No. 549, p. 811; repealed by Acts 1996, No. 96-742, p. 1241, §1; added by Acts 1996, No. 96-742, p. 1241, §1.) |