Nev. Rev. Stat. » NRS: CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES

Nev. Rev. Stat. § 104.8204

Effect of issuer’s restriction on transfer

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NRS 104.8204  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 any person without actual 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 to NRS by 1965, 880; A 1985, 92; 1997, 393)

     

Notes of Decisions
Cited in 4 cases (1 in the last 5 years), 2014–2022 · leading case: Shaw v. Empire Stock Transfer Inc.
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Shaw v. Empire Stock Transfer Inc. (2019) ilsd “riate person or by an agent who has actual authority to act on behalf of the appropriate person; (c) Reasonable assurance is given that the endorsement or instruction is genuine and authorized; (d) Any applicable law relating to the collection of taxes has been complied with;…”
Wells v. Global Tech Industries, Inc (2022) nvd · cites it 2× “WELLS’s shares in GTII does not violate any restriction on transfer imposed by GTII in 28 accordance with Nev. Rev. Stat. Ann. § 104.8204 ; 1 of law.”
Guilfoyle v. Olde Monmouth Stock Transfer (2014) nev · cites it 2× “riate person or by an agent who has actual authority to act on behalf of the appropriate person; (c) Reasonable assurance is given that the endorsement or instruction is genuine and authorized; (d) Any applicable law relating to the collection of taxes has been complied with;…”
Shaw v. Empire Stock Transfer, Inc. (2019) nysd “riate person or by an agent who has actual authority to act on behalf of the appropriate person; (c) Reasonable assurance is given that the endorsement or instruction is genuine and authorized; (d) Any applicable law relating to the collection of taxes has been complied with;…”
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