678.2041 Effect of issuer’s restriction on transfer. - Florida Statutes

678.2041 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.

History. s. 2, ch. 98-11.