Fulton Georgia Rule 144 Seller's Representation Letter Non-Affiliate

• Category: Letters - Seller's Representation
• State: Multi-State
• County: Fulton
• Control #: US-1044BG
• Format: Word; Rich Text

Description

When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in a public marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met. Restricted securities are securities acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company An affiliate is a person, such as an executive officer, a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities. Attorneys, transfer agents and brokers must be certain that all of the conditions of Rule 144 are met prior to taking action to remove a restrictive legend, but only the Seller can ensure that all the conditions are present at the actual time of sale. In order to protect themselves in issuing opinion letters and removing legends, transfer agents and most attorneys now require a letter from the Seller making certain representations and affirmations regarding their eligibility to rely on Rule 144 in the sale of their securities. This letter is commonly referred to as a Seller's Representation Letter. Fulton Georgia Rule 144 Sellers Representation Letter Non-Affiliate is a legal document provided by sellers who intend to sell restricted securities under Rule 144 of the Securities Act of 1933. This letter serves as a representation from the seller to the buyer, confirming that they are not affiliated with the issuer of the securities and are therefore eligible to sell them. The purpose of this representation letter is to satisfy the requirements of Rule 144, which permits the sale of restricted securities without registration with the Securities and Exchange Commission (SEC). By providing this letter, the seller asserts that they meet the criteria set forth in Rule 144, which allows for the sale of securities under certain conditions. Within Fulton, Georgia, there may be variations or different types of Rule 144 Sellers Representation Letters for non-affiliated sellers, depending on the specific circumstances and the nature of the transaction. These variations might include: 1. Individual Seller's Representation Letter: This type of letter is used when an individual is selling their own restricted securities as a non-affiliate. 2. Corporate Seller's Representation Letter: When a corporation or company is selling restricted securities as a non-affiliate, they would use this type of letter. This letter would typically be signed by an authorized representative of the company. 3. Partnership Seller's Representation Letter: If a partnership is selling its restricted securities as a non-affiliate, the partnership's authorized representative would sign this type of letter. 4. Trust Seller's Representation Letter: In the case of a trust selling restricted securities as a non-affiliate, the trustee would sign this type of letter. These different types of representation letters ensure that the appropriate party is making the necessary assertions regarding their non-affiliation with the issuer. The specific type of letter used will depend on the legal structure of the seller (individual, corporation, partnership, or trust) involved in the sale. It is important for both sellers and buyers to carefully review and understand the content of the Fulton Georgia Rule 144 Sellers Representation Letter Non-Affiliate, as it plays a crucial role in ensuring compliance with securities laws and regulations.

Fulton Georgia Rule 144 Sellers Representation Letter Non-Affiliate is a legal document provided by sellers who intend to sell restricted securities under Rule 144 of the Securities Act of 1933. This letter serves as a representation from the seller to the buyer, confirming that they are not affiliated with the issuer of the securities and are therefore eligible to sell them. The purpose of this representation letter is to satisfy the requirements of Rule 144, which permits the sale of restricted securities without registration with the Securities and Exchange Commission (SEC). By providing this letter, the seller asserts that they meet the criteria set forth in Rule 144, which allows for the sale of securities under certain conditions. Within Fulton, Georgia, there may be variations or different types of Rule 144 Sellers Representation Letters for non-affiliated sellers, depending on the specific circumstances and the nature of the transaction. These variations might include: 1. Individual Seller's Representation Letter: This type of letter is used when an individual is selling their own restricted securities as a non-affiliate. 2. Corporate Seller's Representation Letter: When a corporation or company is selling restricted securities as a non-affiliate, they would use this type of letter. This letter would typically be signed by an authorized representative of the company. 3. Partnership Seller's Representation Letter: If a partnership is selling its restricted securities as a non-affiliate, the partnership's authorized representative would sign this type of letter. 4. Trust Seller's Representation Letter: In the case of a trust selling restricted securities as a non-affiliate, the trustee would sign this type of letter. These different types of representation letters ensure that the appropriate party is making the necessary assertions regarding their non-affiliation with the issuer. The specific type of letter used will depend on the legal structure of the seller (individual, corporation, partnership, or trust) involved in the sale. It is important for both sellers and buyers to carefully review and understand the content of the Fulton Georgia Rule 144 Sellers Representation Letter Non-Affiliate, as it plays a crucial role in ensuring compliance with securities laws and regulations.