Alabama § 7-8-204 - Effect of Issuer’s Restriction on Transfer.
Full text of Alabama Code of Alabama § 7-8-204 — Effect of Issuer’s Restriction on Transfer., with citation guidance and answers to common questions.
§ 7-8-204. Effect of Issuer’s Restriction on Transfer.
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.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 7-8-204
What does Code of Alabama § 7-8-204 cover?
Section 7-8-204 ("Effect of Issuer’s Restriction on Transfer.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 7-8-204?
A common citation format is "Code of Alabama § 7-8-204" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 7-8-204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.