408.204 Effect of issuer's restriction on transfer. - Wisconsin Statutes

408.204

408.204 Effect of issuer's restriction on transfer. A restriction on the transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without knowledge of the restriction unless:

408.204(1)

(1) The security is certificated and the restriction is noted conspicuously on the security certificate; or

408.204(2)

(2) The security is uncertificated and the registered owner has been notified of the restriction.

408.204 - ANNOT.

History: 1997 a. 297.