2010 Florida Statutes
Effect of issuer’s restriction on transfer.
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.