Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

2010 Florida Statutes

Title XXXIX COMMERCIAL RELATIONS
Chapter 678 UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES Entire Chapter
SECTION 2041
Effect of issuer’s restriction on transfer.
F.S. 678.2041
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.