Alaska Statutes.
Title 45. Trade and Commerce
Chapter 8. Investment Securities
Section 204. Effect of Issuer's Restriction On Transfer.
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AS 45.08.204. Effect of Issuer's Restriction On Transfer.

A restriction on transfer of a security imposed by the issuer, even though otherwise lawful, is ineffective against a person without knowledge of the restriction unless the security

(1) is certificated and the restriction is noted conspicuously on the security certificate; or

(2) is uncertificated and the registered owner has been notified of the restriction.

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