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2010 Florida Statutes
SECTION 2041
Effect of issuer’s restriction on transfer.
Effect of issuer’s restriction on transfer.
678.2041
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.
History.
—s. 2, ch. 98-11.