W. Va. Code § 46-8-204 – Effect of issuer's restriction on transfer. | Midpage
§ 46-8-204
W. Va. Code § 46-8-204
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) 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.