{"code":"COM","codeName":"Commercial Code","section":"8204","citation":"Com. Code, § 8204","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 8. INVESTMENT SECURITIES [8101. - 8603.]","url":"https://blackletter.si/commercial-code/division-8"},{"name":"CHAPTER 2. Issue and Issuer [8201. - 8210.]","url":"https://blackletter.si/commercial-code/division-8/chapter-2"}],"history":"Repealed and added by Stats. 1996, Ch. 497, Sec. 9.   Effective January 1, 1997.","effective":"1997-01-01","html":"<p>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 either of the following applies:</p><p>(1) The security is certificated and the restriction is noted conspicuously on the security certificate.</p><p>(2) The security is uncertificated and the registered owner has been notified of the restriction.</p>","text":"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 either of the following applies: (1) The security is certificated and the restriction is noted conspicuously on the security certificate. (2) The security is uncertificated and the registered owner has been notified of the restriction.","otherVersions":[],"url":"https://blackletter.si/commercial-code/issue-and-issuer-8204","source":"California Legislative Information bulk export (pubinfo)"}