The North Dakota Statement or Legend on a Stock Certificate refers to a legal notice or restriction placed on the transfer of stock that is not registered and falls under the Intrastate Exemption rule. This description aims to provide a comprehensive understanding of this statement and its implications. When a company decides to issue stock (or shares) to raise capital, it typically prepares stock certificates to represent ownership in the company. In North Dakota, if a company issues stock that is not registered with the Securities and Exchange Commission (SEC) due to meeting specific criteria for exemption, it must include a specific statement or legend on the stock certificate regarding the restriction on transfer. The purpose of this statement is to inform the shareholders and any potential holders of the stock about the limitations on its transferability. It serves as a legal document that the stock cannot be freely bought, sold, or transferred across state lines, as it falls within the Intrastate Exemption provision. Keywords: North Dakota, stock certificate, restriction on transfer, notice, stock not registered, intrastate exemption, shareholders, stockholders, limitation, transferability, legal document, state lines. Different variations of the North Dakota Statement or Legend on Stock Certificate — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption may include: 1. "Notice of Restriction on Transfer — Stock noRegisteredre— - Intrastate Exemption — North Dakota" 2. "Attention: Restricted Stock — NoRegisteredre— - Intrastate Exemption - North Dakota" 3. "Restriction on Transfer — StocCertificateat— - Intrastate Exemption — North Dakota" 4. "Important: Stock Transfer Restrictions — Non-RegistereStopoc— - Intrastate Exemption — North Dakota" 5. "Notice: Limited Transferability — UnregistereStopoc— - Intrastate Exemption — North Dakota" Each variation aims to convey the essential information related to the stock's restricted transferability and its exemption from registration, as mandated by North Dakota laws and regulations.