The Idaho Statement or Legend on Stock Certificate, specifically the Notice of Restriction on Transfer for Stock not Registered under Intrastate Exemption, serves as an essential component in the realm of stock transfers and regulations within the state of Idaho. This restriction or legend notifies potential stockholders or buyers that the stock being offered is not registered and falls under the purview of the intrastate exemption outlined by Idaho state law. It is important to note that the Idaho Statement or Legend on Stock Certificate — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption may vary based on the specific circumstances and requirements of the transaction. However, there are several key types or aspects of this statement or legend that can be mentioned: 1. Intrastate Exemption: The Intrastate Exemption refers to the exemption provided by Idaho securities laws, allowing the sale and transfer of stock within the state without the need for registration with the U.S. Securities and Exchange Commission (SEC). This exemption aims to facilitate local business activities and investments within Idaho's boundaries. 2. Stock Registration: The legend brings attention to the fact that the stock being offered is not registered with the SEC. Stock registration involves a lengthy and costly process, which is avoided under the provisions of the Intrastate Exemption. This means the stock does not comply with federal securities laws and regulations. 3. Transfer Restrictions: The notice on the stock certificate may indicate specific restrictions or limitations on transferring the stock to other parties. These restrictions might include limitations on individuals or entities eligible to purchase the stock, the requirement of prior consent or approval from the issuer, or restrictions on the number or frequency of transfers. 4. In-state Investors: The legend may emphasize that the stock can only be sold to investors who are residents of Idaho or entities incorporated within the state. This limitation ensures compliance with the Intrastate Exemption guidelines, as it restricts the stock's sale solely within Idaho's borders. 5. Disclosure Requirement: The Idaho Statement or Legend on Stock Certificate might highlight the need for potential buyers or stockholders to thoroughly read and understand the offering memorandum, disclosure statement, or another related document. This serves as a reminder that individuals should familiarize themselves with all pertinent information before making any investment decisions. 6. Legal Consequences: The legend may include a statement emphasizing the legal consequences or penalties resulting from the transfer or sale of the stock in violation of the imposed restrictions. This serves to protect both the issuer and the potential stockholders by ensuring compliance with the law. It is crucial for both issuers and buyers to carefully review the specific Idaho Statement or Legend on Stock Certificate before engaging in any stock transactions under the Intrastate Exemption. The terms and conditions stated within this statement or legend play a pivotal role in ensuring that all parties involved adhere to the applicable securities regulations in Idaho.