Effect of Issuer's Restrictions 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.Added by Laws 1961, p. 154, § 8-204. Amended by Laws 1984, c. 76, § 13, eff. Nov. 1, 1984; Laws 1995, c. 242, § 20, eff. Feb. 1, 1996.
Oklahoma Legal Code