Idaho Statutes

Idaho Statutes are updated to the web July 1 following the legislative session.

pecnv.out

TITLE 28
COMMERCIAL TRANSACTIONS
CHAPTER 8
INVESTMENT SECURITIES
PART 2.
ISSUE AND ISSUER
28-8-204.  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)  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:
[28-8-204, added 1995, ch. 272, sec. 2, p. 887.]


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