Idaho Code 28-8-204 – Effect of Issuer’S Restriction On Transfer
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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) Security is certificated and the restriction is noted conspicuously on the security certificate; or
Terms Used In Idaho Code 28-8-204
- person: includes a corporation as well as a natural person;
Idaho Code 73-114
(2) The security is uncertificated and the registered owner has been notified of the restriction.