Alaska Stat. § 45.08.204 – Effect of issuer's restriction on transfer | Midpage
§ 45.08.204
Alaska Stat. § 45.08.204
Effect of issuer's restriction on transfer
A restriction on transfer of a security imposed by the issuer, even though otherwise lawful, is ineffective against a person without knowledge of the restriction unless the security
(1) is certificated and the restriction is noted conspicuously on the security certificate; or
(2) is uncertificated and the registered owner has been notified of the restriction.