15-2-119. NOTICE OF TRANSFER RESTRICTIONS ON ISSUED SHARES.

1. If the summary of share transfer restrictions required by Section 109 (c) of this Chapter to be printed on share certificates is too long to fit practicably on the certificates, the following notice may be used instead.

CAUTION: SHARES IN THIS CORPORATION CANNOT BE TRANSFERRED (BY SALE, GIFT OR OTHERWISE) EXCEPT AS ALLOWED BY THE ARTICLES OF INCORPORATION, BYLAWS, AND SHAREHOLDERS’ AGREEMENTS. COPIES OF DOCUMENTS WHICH DESCRIBE HOW SHARES CAN BE TRANSFERRED MAY BE OBTAINED BY A SHAREHOLDER ON WRITTEN REQUEST TO THE CORPORATION.

2. All persons claiming an interest in shares of a statutory close corporation complying with the notice requirements of Section 109 (c) or the notice requirement of subsection (a) above shall be bound by the documents referred to in the notice. All persons claiming an interest in shares of a statutory close corporation not complying with the requirement of this section shall be bound by any documents of which they, or any person through whom they claim, have knowledge or notice.