Oregon 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. The Oregon Legend on Stock Certificate is a special notation or marking that indicates the presence of a separate document restricting the transfer of shares associated with the stock certificate. This legend serves as a notice to investors and potential buyers that there are certain limitations on the transferability of shares. The Oregon Legend typically includes keywords that highlight the nature and implications of the separate document. It may contain phrases such as "Restricted Transfer of Shares," "Transfer Restrictions Apply," or "Shares Subject to Transfer Limitations." These keywords emphasize the need for a separate document to be consulted before any transfer of shares can take place. There are different types of Oregon Legends on Stock Certificates referring to separate documents limiting the transfer of shares. Some of these legends include: 1. Voting Rights Restriction: This legend indicates that the shares covered by the certificate have restrictions on voting rights. It highlights that the stockholder may not have full voting privileges or that certain conditions must be met before exercising voting rights. 2. Ownership Transfer Restriction: This legend suggests that the shares covered by the certificate cannot be freely transferred or sold without complying with specific conditions or obtaining prior approval. These conditions or restrictions may be related to the duration of ownership, shareholder status, or other criteria outlined in the separate document. 3. Shareholder Agreement Restriction: This legend signifies that the transfer of shares is subject to the terms and provisions of a shareholder agreement. The separate document will outline the rights and obligations of shareholders, any restrictions on the transfer of shares, and other relevant provisions agreed upon by the stockholders. 4. State Securities Law Restriction: This legend denotes that the transfer of shares must comply with applicable state securities laws and regulations. It serves as a reminder that any transfer or sale needs to comply with specific requirements set forth by state authorities. It is crucial for investors and potential stockholders to review and understand the details contained within the separate document referred to in the Oregon Legend. This document provides important information on the restrictions and limitations associated with the shares covered by the stock certificate. Consulting legal and financial professionals is highly recommended ensuring compliance and proper understanding of the transfer restrictions before engaging in any share transfer activities.

The Oregon Legend on Stock Certificate is a special notation or marking that indicates the presence of a separate document restricting the transfer of shares associated with the stock certificate. This legend serves as a notice to investors and potential buyers that there are certain limitations on the transferability of shares. The Oregon Legend typically includes keywords that highlight the nature and implications of the separate document. It may contain phrases such as "Restricted Transfer of Shares," "Transfer Restrictions Apply," or "Shares Subject to Transfer Limitations." These keywords emphasize the need for a separate document to be consulted before any transfer of shares can take place. There are different types of Oregon Legends on Stock Certificates referring to separate documents limiting the transfer of shares. Some of these legends include: 1. Voting Rights Restriction: This legend indicates that the shares covered by the certificate have restrictions on voting rights. It highlights that the stockholder may not have full voting privileges or that certain conditions must be met before exercising voting rights. 2. Ownership Transfer Restriction: This legend suggests that the shares covered by the certificate cannot be freely transferred or sold without complying with specific conditions or obtaining prior approval. These conditions or restrictions may be related to the duration of ownership, shareholder status, or other criteria outlined in the separate document. 3. Shareholder Agreement Restriction: This legend signifies that the transfer of shares is subject to the terms and provisions of a shareholder agreement. The separate document will outline the rights and obligations of shareholders, any restrictions on the transfer of shares, and other relevant provisions agreed upon by the stockholders. 4. State Securities Law Restriction: This legend denotes that the transfer of shares must comply with applicable state securities laws and regulations. It serves as a reminder that any transfer or sale needs to comply with specific requirements set forth by state authorities. It is crucial for investors and potential stockholders to review and understand the details contained within the separate document referred to in the Oregon Legend. This document provides important information on the restrictions and limitations associated with the shares covered by the stock certificate. Consulting legal and financial professionals is highly recommended ensuring compliance and proper understanding of the transfer restrictions before engaging in any share transfer activities.