Montana Code 30-8-214. Effect of issuer’s restriction on transfer
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30-8-214. 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:
Terms Used In Montana Code 30-8-214
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(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.