§ 8–204
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 8-204 (2026)
Title 8. Investment Securities
Subtitle 2. Issue and Issuer
§ 8–204LinkCopy Citation
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.