Maryland Code § CL-8-204

Section CL-8-204
Open in Lexace · Ask the AI about this section
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.

‹ Prev All Maryland sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.