Oregon Code § 78.2040·Enacted ·Last updated March 01, 2026
Statute Text
Effect
of issuers 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. [1961 c.726 §78.2040; 1985 c.676 §78.2040; 1995 c.328 §20]
Plain English Explanation
This Oregon statute addresses Effect
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 78.2040
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Effect
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