Contra Costa California Statement or Legend on Stock Certificate - Notice of Restriction on Transfer - Stock not Registered - Intrastate Exemption

• Category: Corporations - Shareholders and Stock
• State: Multi-State
• County: Contra Costa
• Control #: US-1057BG
• 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). 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. Contra Costa, California is a county located in the San Francisco Bay Area known for its vibrant communities and picturesque landscapes. Being a popular destination for both residents and tourists, Contra Costa offers a diverse range of attractions, including beautiful parks, historic landmarks, and a thriving arts and culture scene. In the realm of finance, Contra Costa California Statement or Legend on Stock Certificate — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption refers to a specific statement or legend found on stock certificates issued within the county. This statement serves as a notice to restrict the transfer of the stock and signifies that the stock is not registered for public trading. It also indicates that the stock is exempted from interstate trading regulations and can only be traded within the boundaries of Contra Costa County. Various types of Contra Costa California Statements or Legends on Stock Certificates — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption may include: 1. Contra Costa County Restriction — This type of statement specifically denotes that the stock is subject to limitations on transfer within the geographical jurisdiction of Contra Costa County. 2. Non-Registered Stock Restriction — This legend signifies that the stock mentioned on the certificate is not registered with any stock exchange or regulatory body, and therefore cannot be traded on any public stock exchange. 3. Intrastate Exemption — This statement highlights that the stock is exempted from the interstate trade laws and can only be bought or sold within the borders of Contra Costa County. It's important to note that the precise wording and format of the Contra Costa California Statement or Legend on Stock Certificate — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption may vary depending on the specific requirements set by local regulatory authorities and the issuing companies. Investors and shareholders should carefully review these statements to understand the limitations and regulations associated with the stock they hold.

Contra Costa, California is a county located in the San Francisco Bay Area known for its vibrant communities and picturesque landscapes. Being a popular destination for both residents and tourists, Contra Costa offers a diverse range of attractions, including beautiful parks, historic landmarks, and a thriving arts and culture scene. In the realm of finance, Contra Costa California Statement or Legend on Stock Certificate — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption refers to a specific statement or legend found on stock certificates issued within the county. This statement serves as a notice to restrict the transfer of the stock and signifies that the stock is not registered for public trading. It also indicates that the stock is exempted from interstate trading regulations and can only be traded within the boundaries of Contra Costa County. Various types of Contra Costa California Statements or Legends on Stock Certificates — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption may include: 1. Contra Costa County Restriction — This type of statement specifically denotes that the stock is subject to limitations on transfer within the geographical jurisdiction of Contra Costa County. 2. Non-Registered Stock Restriction — This legend signifies that the stock mentioned on the certificate is not registered with any stock exchange or regulatory body, and therefore cannot be traded on any public stock exchange. 3. Intrastate Exemption — This statement highlights that the stock is exempted from the interstate trade laws and can only be bought or sold within the borders of Contra Costa County. It's important to note that the precise wording and format of the Contra Costa California Statement or Legend on Stock Certificate — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption may vary depending on the specific requirements set by local regulatory authorities and the issuing companies. Investors and shareholders should carefully review these statements to understand the limitations and regulations associated with the stock they hold.