The Harris Texas Statement or Legend on Stock Certificate — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption is a crucial document used in the field of stock transactions within the state of Texas. It is often added to stock certificates to indicate certain restrictions and exemptions related to the transfer of stock. The Harris Texas Statement or Legend on Stock Certificate serves as a legal notice, ensuring that potential shareholders are aware of specific limitations and regulations surrounding the transfer of the stock. This legend is primarily used for stocks that are not registered or fall under the intrastate exemption within the state of Texas. The content of the Harris Texas Statement or Legend typically consists of detailed information that informs both current and prospective shareholders about the stock's unique characteristics and transfer restrictions. It includes relevant clauses and keywords such as "Notice of Restriction on Transfer," "Stock not Registered," and "Intrastate Exemption." 1. "Notice of Restriction on Transfer": This phrase is included in the legend to explicitly convey the existence of certain restrictions or limitations on the transfer of the stock. It serves as a cautionary statement, making it clear that the stockholder needs to abide by specific rules to facilitate a proper transfer. 2. "Stock not Registered": This statement indicates that the stock in question has not undergone the registration process with the appropriate regulatory authorities. In some cases, this might be due to the stock being newly issued or belonging to a company exempt from registering its shares. 3. "Intrastate Exemption": The inclusion of this term signifies that the stock qualifies for an exemption under the intrastate exemption rules within the state of Texas. This exemption allows for trading of the stock to occur exclusively within the boundaries of Texas, imposing limitations on transfers outside the state. In summary, the Harris Texas Statement or Legend on Stock Certificate — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption is a vital component of stock certificates in Texas. This official notice highlights the transfer restrictions, non-registration of the stock, and eligibility for the intrastate exemption, ensuring individuals involved in buying or selling the stock adhere to the prescribed rules and regulations.