Cook Illinois Regla 144 Carta de Representación del Vendedor No Afiliado - Rule 144 Seller's Representation Letter Non-Affiliate

• Category: Carta - Representación del vendedor
• State: Multi-State
• County: Cook
• Control #: US-1044BG
• Format: Word

Description

When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in a public marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met. Restricted securities are securities acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company An affiliate is a person, such as an executive officer, a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities. Attorneys, transfer agents and brokers must be certain that all of the conditions of Rule 144 are met prior to taking action to remove a restrictive legend, but only the Seller can ensure that all the conditions are present at the actual time of sale. In order to protect themselves in issuing opinion letters and removing legends, transfer agents and most attorneys now require a letter from the Seller making certain representations and affirmations regarding their eligibility to rely on Rule 144 in the sale of their securities. This letter is commonly referred to as a Seller's Representation Letter. Cook Illinois Rule 144 Sellers Representation Letter is a legal document that serves as a representation letter provided by a non-affiliate seller to a purchaser in compliance with Rule 144 of the Securities Act of 1933. This letter is specifically designed for Cook Illinois Corporation, a company engaged in the transportation industry, and its non-affiliate shareholders who wish to sell their restricted securities in accordance with Rule 144. Rule 144 of the Securities Act establishes certain conditions under which restricted securities can be sold in the public market without prior registration with the Securities and Exchange Commission (SEC). This rule provides an exemption from registration requirements and allows non-affiliate shareholders to sell their restricted securities to the public, subject to certain conditions and limitations. The Cook Illinois Rule 144 Sellers Representation Letter Non-Affiliate is used by non-affiliate shareholders of Cook Illinois Corporation to represent and warrant that they meet the requirements set forth in Rule 144 for the sale of their restricted securities. This letter is crucial for both the seller and the buyer, as it serves as proof that the seller is compliant with the rule, ensuring that the sale is legitimate and in adherence to securities laws. Types of Cook Illinois Rule 144 Sellers Representation Letter Non-Affiliate are as follows: 1. Individual Non-Affiliate Seller's Representation Letter: This type of letter is used when an individual non-affiliate shareholder wishes to sell their restricted securities in compliance with Rule 144. It typically includes personal information, representation, and warranties specific to the individual seller. 2. Corporate Non-Affiliate Seller's Representation Letter: This variant is utilized when a non-affiliate shareholder representing a corporate entity wants to sell their restricted securities in accordance with Rule 144. This version includes information about the corporate entity, representation, and warranties applicable to the specific circumstances of the corporation. In summary, the Cook Illinois Rule 144 Sellers Representation Letter Non-Affiliate is a vital legal document used by non-affiliate shareholders of Cook Illinois Corporation to provide assurance that they meet the requirements of Rule 144 for the sale of their restricted securities. These documents, tailored for both individual and corporate shareholders, safeguard compliance with securities laws, ensuring a transparent and lawful transaction.

Cook Illinois Rule 144 Sellers Representation Letter is a legal document that serves as a representation letter provided by a non-affiliate seller to a purchaser in compliance with Rule 144 of the Securities Act of 1933. This letter is specifically designed for Cook Illinois Corporation, a company engaged in the transportation industry, and its non-affiliate shareholders who wish to sell their restricted securities in accordance with Rule 144. Rule 144 of the Securities Act establishes certain conditions under which restricted securities can be sold in the public market without prior registration with the Securities and Exchange Commission (SEC). This rule provides an exemption from registration requirements and allows non-affiliate shareholders to sell their restricted securities to the public, subject to certain conditions and limitations. The Cook Illinois Rule 144 Sellers Representation Letter Non-Affiliate is used by non-affiliate shareholders of Cook Illinois Corporation to represent and warrant that they meet the requirements set forth in Rule 144 for the sale of their restricted securities. This letter is crucial for both the seller and the buyer, as it serves as proof that the seller is compliant with the rule, ensuring that the sale is legitimate and in adherence to securities laws. Types of Cook Illinois Rule 144 Sellers Representation Letter Non-Affiliate are as follows: 1. Individual Non-Affiliate Seller's Representation Letter: This type of letter is used when an individual non-affiliate shareholder wishes to sell their restricted securities in compliance with Rule 144. It typically includes personal information, representation, and warranties specific to the individual seller. 2. Corporate Non-Affiliate Seller's Representation Letter: This variant is utilized when a non-affiliate shareholder representing a corporate entity wants to sell their restricted securities in accordance with Rule 144. This version includes information about the corporate entity, representation, and warranties applicable to the specific circumstances of the corporation. In summary, the Cook Illinois Rule 144 Sellers Representation Letter Non-Affiliate is a vital legal document used by non-affiliate shareholders of Cook Illinois Corporation to provide assurance that they meet the requirements of Rule 144 for the sale of their restricted securities. These documents, tailored for both individual and corporate shareholders, safeguard compliance with securities laws, ensuring a transparent and lawful transaction.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.