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The Florida Senate

2010 Florida Statutes

F.S. 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:


The security is certificated and the restriction is noted conspicuously on the security certificate; or


The security is uncertificated and the registered owner has been notified of the restriction.


s. 2, ch. 98-11.