Effect of issuer’s restriction on transfer.

Del. Code tit. 6, § 8-204
in effect
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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.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title6/c008/sc02/index.htmlFetched: 10/4/2026

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