104.8204 - Effect of issuer’s restriction on transfer. - Nevada Statutes

104.8204  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 any person without actual 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.

      (Added to NRS by 1965, 880; A 1985, 92; 1997, 393)