Fla. Stat. § 678.2041 – Effect of issuer's restriction on transfer | Midpage
§ 678.2041
Fla. Stat. § 678.2041
Effect of issuer's restriction on transfer
s. 2, ch. 98-11.
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.