How do I remove restricted legend from stock certificate?

If you want to remove the restrictive legend, you should contact the company that issued the securitiesor the transfer agent for the company's securitiesto ask about the procedures for removing a legend. If you have a broker, you may want to ask your broker to help you.

US Legal Forms
Localized Forms
Nevada
Clark
Statement or Legend on Stock Certificate - Notice of Restriction on...

Clark Nevada Statement or Legend on Stock Certificate - Notice of Restriction on Transfer - Stock not Registered - Intrastate Exemption

Name: Clark Nevada Statement or Legend on Stock Certificate - Notice of Restriction on Transfer - Stock not Registered - Intrastate Exemption
Brand: US Legal Forms
Rating: 4.67 (350 reviews)

Category:

Corporations - Shareholders and Stock

State:

Multi-State

County:

Clark

Control #:

US-1057BG

Format:

Instant download

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). The most common exempt transaction that close corporations take advantage of is the intrastate offering. To qualify for this exemption, both the investors and the issuer must all be residents of the same state. The issuer must also meet the following requirements: • 80% of its assets must be located in the state; • 80% of its income must be earned from operations within the state; and • 80% of the proceeds from the sale must be used on operations within the state. Also, for nine months after the issuance, the stock can only be sold to state residents.

Carbon Dioxide Storage Unit Agreement

View this form

Assaulting a Federal Officer

View this form

Sample Letter regarding Brochure

View this form

How to fill out Clark Nevada Statement Or Legend On Stock Certificate - Notice Of Restriction On Transfer - Stock Not Registered - Intrastate Exemption?

A document routine always accompanies any legal activity you make. Staring a business, applying or accepting a job offer, transferring property, and lots of other life situations require you prepare official documentation that varies from state to state. That's why having it all collected in one place is so beneficial.

US Legal Forms is the most extensive online library of up-to-date federal and state-specific legal forms. On this platform, you can easily locate and download a document for any individual or business objective utilized in your region, including the Clark Statement or Legend on Stock Certificate - Notice of Restriction on Transfer - Stock not Registered - Intrastate Exemption.

Locating forms on the platform is amazingly simple. If you already have a subscription to our library, log in to your account, find the sample through the search field, and click Download to save it on your device. Following that, the Clark Statement or Legend on Stock Certificate - Notice of Restriction on Transfer - Stock not Registered - Intrastate Exemption will be available for further use in the My Forms tab of your profile.

If you are using US Legal Forms for the first time, follow this quick guideline to get the Clark Statement or Legend on Stock Certificate - Notice of Restriction on Transfer - Stock not Registered - Intrastate Exemption:

Make sure you have opened the proper page with your localised form.
Make use of the Preview mode (if available) and scroll through the template.
Read the description (if any) to ensure the form corresponds to your needs.
Look for another document via the search option in case the sample doesn't fit you.
Click Buy Now when you find the necessary template.
Select the suitable subscription plan, then sign in or register for an account.
Choose the preferred payment method (with credit card or PayPal) to proceed.
Choose file format and save the Clark Statement or Legend on Stock Certificate - Notice of Restriction on Transfer - Stock not Registered - Intrastate Exemption on your device.
Use it as needed: print it or fill it out electronically, sign it, and send where requested.

This is the simplest and most reliable way to obtain legal paperwork. All the samples available in our library are professionally drafted and checked for correspondence to local laws and regulations. Prepare your paperwork and run your legal affairs effectively with the US Legal Forms!

Form Rating

4.67

Satisfied(350)

Form popularity

FAQ

Restrictive legends are stamped or printed on the certificate or instrument, face or reverse, of restricted securities and usually begin with These securities are not registered . . . . Restricted securities that are not represented by a certificate (generally referred to as book entry) will have a notation of

A legend is a statement on a stock certificate noting restrictions on the transfer of the stock. A stock legend is typically put in place due to the requirements established by the Securities and Exchange Commission (SEC) for unregistered securities.

33 Act Legend means the following language placed on a stock certificate: THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, ESCROWED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER SAID ACT OR, IN THE OPINION

Legend Removal Period means, with respect to any securities, any period during which (a) a registration statement (including the Registration Statement) covering the resale of such securities is effective under the Securities Act, (b) such securities have been or are being sold pursuant to Rule 144 or Rule 144A and the

If you receive stock from a company affiliate -- an executive officer, director or large investor -- the shares are restricted control securities. Under SEC Rule 144, you can lift stock restrictions by holding the shares for a set amount of time.

Restricted stock refers to unregistered shares of ownership in a corporation that are issued to corporate affiliates, such as executives and directors. Restricted stock is non-transferable and must be traded in compliance with special Securities and Exchange Commission (SEC) regulations.

If you want to remove the restrictive legend, you should contact the company that issued the securitiesor the transfer agent for the company's securitiesto ask about the procedures for removing a legend. If you have a broker, you may want to ask your broker to help you.

More info

On your company's myVicRoads account or; on any registration renewal notice issued for vehicles registered in your company's name. The information in this prospectus is not complete and may be changed.

Clark Nevada Statement or Legend on Stock Certificate - Notice of Restriction on Transfer - Stock not Registered - Intrastate Exemption

Description

Related forms

Viewed forms

How to fill out Clark Nevada Statement Or Legend On Stock Certificate - Notice Of Restriction On Transfer - Stock Not Registered - Intrastate Exemption?

Show more info

Form Rating

Form popularity

FAQ

What is a restricted legend?

What is a legend on a stock certificate?

What is a 33 ACT legend?

What is legend removal?

What is restrictive legend?

How do you Unrestrict shares?

What is a restricted stock certificate?

How do I remove restricted legend from stock certificate?

What is a restrictive legend on stock?

What is a legend on a security?

More info

Trusted and secure by over 3 million people of the world’s leading companies