Under the MBCA,a Purchaser of Shares That Have a Transfer

question 30

Multiple Choice

Under the MBCA,a purchaser of shares that have a transfer restriction is not put on notice of such restriction if:

• A)the restriction is public information.
• B)the restriction is conspicuously noted on the face of the share certificate.
• C)the restriction is conspicuously noted on the back of the share certificate.
• D)he knows of the restriction when he buys the shares.

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