The North Carolina Statement or Legend on Stock Certificate, specifically the Notice of Restriction on Transfer, highlights important information regarding the stock's registration and its eligibility for intrastate exemption. This statement aims to inform shareholders and potential investors about the restrictions and limitations associated with the stock transfer within the state of North Carolina. One type of North Carolina Statement or Legend on Stock Certificate is the Notice of Restriction on Transfer — Stock noRegisteredre— - Intrastate Exemption. This legend is typically seen on stock certificates issued by companies that are not registered with the Securities and Exchange Commission (SEC) but qualify for an exemption under North Carolina's intrastate offering regulations. The purpose of this legend is to inform stockholders that the stock being held or transferred does not have SEC registration. Instead, it complies with the guidelines set forth by the North Carolina Securities Act, specifically the provisions related to intrastate offerings. This legend serves as a reminder that the stock is subject to certain restrictions, limitations, and qualifications, primarily for residents of North Carolina. The North Carolina Statement or Legend on Stock Certificate — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption may vary slightly. Some slight variations may include modifications specific to companies or industries, but the essential content remains consistent. The key elements typically included in this legend are: 1. Identification of the issuer: The name of the company issuing the stock is stated clearly on the stock certificate. 2. Notice of restriction on transfer: The legend indicates that the stock is subject to restrictions on transferability. 3. Non-registration with SEC: It is explicitly mentioned that the stock has not been registered with the SEC. 4. Compliance with intrastate exemption: The legend highlights that the stock qualifies for an exemption under the North Carolina Securities Act, specifically related to intrastate offerings. 5. Limitations and qualifications: The statement may outline the specific restrictions or qualifications that the stockholders or potential transferees should be aware of, emphasizing compliance with state regulations. Overall, the North Carolina Statement or Legend on Stock Certificate — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption serves as a crucial disclosure tool, ensuring transparency and informing stakeholders about the unique characteristics, limitations, and legal framework surrounding the stock's transfer and registration within the state of North Carolina.