New Jersey Statutes 12A:8-204. Effect of Issuer’s Restriction on Transfer
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Terms Used In New Jersey Statutes 12A:8-204
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
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:
a. the security is certificated and the restriction is noted conspicuously on the security certificate; or
b. the security is uncertificated and the registered owner has been notified of the restriction.
L.1997,c.252,s.1.