Mississippi Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares

• Category: Corporations - Shareholders and Stock
• State: Multi-State
• Control #: US-1058BG
• Format: Word; Rich Text

Description

A Legend is a statement on a stock certificate noting restrictions on the transfer of the stock, often due to SEC requirements for unregistered securities. The Securities Act of 1933 regulates the initial sale of securities to the public. Some securities are exempt from coverage of the Act. Certain stock issue transactions are also exempt (i.e., exempt from registration with the Securities and Exchange Commission). This Legend restricts the transfer of stock in accordance with the Articles of Incorporation or the Corporation's Bylaws or a Shareholder's Buy Sell Agreement. Mississippi Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares A Mississippi Legend on a Stock Certificate refers to a notable and distinctive feature that is present on the stock certificates of certain companies located in the state of Mississippi. This legend is specifically mandated by state laws and serves as an additional layer of protection for the issuer and the shareholders. The primary purpose of the Mississippi Legend is to alert potential buyers and investors that there are specific restrictions in place regarding the transfer of shares represented by the stock certificates. These restrictions are usually outlined in a separate document, commonly known as a Restrictive Stock Transfer Agreement or Restrictive Legends Agreement. The Mississippi Legend typically contains specific language or wording that highlights the specific restrictions and provides a clear indication that the shares represented by the stock certificate cannot be transferred or sold without complying with the requirements stated in the separate document. It acts as a warning to potential buyers that the shares may be subject to certain limitations on transferability. The content of the Mississippi Legend may vary based on the nature of the restrictions and the particular terms outlined in the separate document. Some common types of Mississippi Legends on Stock Certificates with reference to separate document restricting transfer of shares include: 1. "This certificate is subject to the Mississippi Legend and may not be sold or transferred without compliance with the terms of the Restrictive Stock Transfer Agreement." 2. "The shares represented by this certificate are subject to restrictions on transferability as specified in the Restrictive Legends Agreement. Any transfer or sale must follow the guidelines set forth in the said agreement." 3. "Notice: This stock certificate is subject to certain transfer restrictions in accordance with the Restrictive Stock Transfer Agreement. Prior approval from the company is required for any transfer or sale of these shares." It's important for shareholders, potential investors, and anyone deals with stock certificates from Mississippi-based companies to carefully review the Mississippi Legend and the referenced separate document before attempting to transfer or sell shares. Failing to adhere to the specified restrictions could result in legal consequences and potential invalidation of the transfer. In conclusion, the Mississippi Legend on a Stock Certificate with Reference to Separate Document Restricting Transfer of Shares serves as a clear reminder of the limitations placed on the transferability of shares. It acts as a protective measure for the issuer while providing transparency to potential buyers and investors, ensuring that all parties involved are aware of the restrictions governing share transfers.

Mississippi Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares A Mississippi Legend on a Stock Certificate refers to a notable and distinctive feature that is present on the stock certificates of certain companies located in the state of Mississippi. This legend is specifically mandated by state laws and serves as an additional layer of protection for the issuer and the shareholders. The primary purpose of the Mississippi Legend is to alert potential buyers and investors that there are specific restrictions in place regarding the transfer of shares represented by the stock certificates. These restrictions are usually outlined in a separate document, commonly known as a Restrictive Stock Transfer Agreement or Restrictive Legends Agreement. The Mississippi Legend typically contains specific language or wording that highlights the specific restrictions and provides a clear indication that the shares represented by the stock certificate cannot be transferred or sold without complying with the requirements stated in the separate document. It acts as a warning to potential buyers that the shares may be subject to certain limitations on transferability. The content of the Mississippi Legend may vary based on the nature of the restrictions and the particular terms outlined in the separate document. Some common types of Mississippi Legends on Stock Certificates with reference to separate document restricting transfer of shares include: 1. "This certificate is subject to the Mississippi Legend and may not be sold or transferred without compliance with the terms of the Restrictive Stock Transfer Agreement." 2. "The shares represented by this certificate are subject to restrictions on transferability as specified in the Restrictive Legends Agreement. Any transfer or sale must follow the guidelines set forth in the said agreement." 3. "Notice: This stock certificate is subject to certain transfer restrictions in accordance with the Restrictive Stock Transfer Agreement. Prior approval from the company is required for any transfer or sale of these shares." It's important for shareholders, potential investors, and anyone deals with stock certificates from Mississippi-based companies to carefully review the Mississippi Legend and the referenced separate document before attempting to transfer or sell shares. Failing to adhere to the specified restrictions could result in legal consequences and potential invalidation of the transfer. In conclusion, the Mississippi Legend on a Stock Certificate with Reference to Separate Document Restricting Transfer of Shares serves as a clear reminder of the limitations placed on the transferability of shares. It acts as a protective measure for the issuer while providing transparency to potential buyers and investors, ensuring that all parties involved are aware of the restrictions governing share transfers.