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

State:
Multi-State
County:
Sacramento
Control #:
US-1057BG
Format:
Word; 
Rich Text
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.

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

Laws and regulations in every area vary throughout the country. If you're not an attorney, it's easy to get lost in various norms when it comes to drafting legal documentation. To avoid pricey legal assistance when preparing the Sacramento Statement or Legend on Stock Certificate - Notice of Restriction on Transfer - Stock not Registered - Intrastate Exemption, you need a verified template valid for your region. That's when using the US Legal Forms platform is so helpful.

US Legal Forms is a trusted by millions online catalog of more than 85,000 state-specific legal templates. It's an excellent solution for specialists and individuals looking for do-it-yourself templates for various life and business occasions. All the documents can be used many times: once you purchase a sample, it remains available in your profile for further use. Therefore, if you have an account with a valid subscription, you can simply log in and re-download the Sacramento Statement or Legend on Stock Certificate - Notice of Restriction on Transfer - Stock not Registered - Intrastate Exemption from the My Forms tab.

For new users, it's necessary to make a few more steps to get the Sacramento Statement or Legend on Stock Certificate - Notice of Restriction on Transfer - Stock not Registered - Intrastate Exemption:

  1. Take a look at the page content to make sure you found the appropriate sample.
  2. Utilize the Preview option or read the form description if available.
  3. Look for another doc if there are inconsistencies with any of your requirements.
  4. Utilize the Buy Now button to obtain the document once you find the right one.
  5. Choose one of the subscription plans and log in or create an account.
  6. Choose how you prefer to pay for your subscription (with a credit card or PayPal).
  7. Select the format you want to save the document in and click Download.
  8. Fill out and sign the document on paper after printing it or do it all electronically.

That's the easiest and most affordable way to get up-to-date templates for any legal purposes. Find them all in clicks and keep your documentation in order with the US Legal Forms!

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

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