Com. Code, § 8204 · Chapter 2. Issue and Issuer
Com. Code, § 8204
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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.
Notes and commentary — not statutory text
History
Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=COM§ionNum=8204.
- Text hash
- sha256 5aec16d1969a4535dc0ca15095abbd4bc947b9026384e0d98519bdb787795b05
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 2 provisions
Provisions in this library whose text cites Com. Code, § 8204. Each shows the citation as that text prints it.
Commercial Code
Corporations Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.