Collin Texas Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares

• Category: Corporations - Shareholders and Stock
• State: Multi-State
• County: Collin
• Control #: US-1058BG
• 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). This Legend restricts the transfer of stock in accordance with the Articles of Incorporation or the Corporation's Bylaws or a Shareholder's Buy Sell Agreement. Collin Texas Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares A Collin Texas Legend on a stock certificate refers to a specific provision that is included on the certificate itself. This legend is used to signify the existence of a separate document that places restrictions on the transfer of shares associated with the stock certificate. The purpose of this legend is to ensure that any potential transfer of shares is subject to the terms and conditions outlined in the accompanying document. The Collin Texas Legend is relevant for individuals or entities holding stock certificates issued by companies based in Collin County, Texas, or those subject to the regulations and laws of Collin County. The inclusion of this legend on a stock certificate is crucial as it highlights the existence of a separate document that limits or restricts the transferability of the shares represented by the certificate. The accompanying document, often referred to as the "Restrictive Transfer Agreement," contains specific terms and conditions governing the transfer of shares. These terms typically address matters such as preemptive rights, restrictions on transfer to certain individuals or entities, and compliance with applicable laws and regulations. The purpose of this separate document is to protect the interests of the issuing company and its shareholders. It is important to note that there may be different types of Collin Texas Legends on Stock Certificates with Reference to Separate Document Restricting Transfer of Shares. These types may vary depending on the specific provisions stated in the accompanying document. Some common variations of legends found on stock certificates include: 1. Collin Texas Legend with Preemptive Rights Restriction: This legend may specify that the shares represented by the stock certificate cannot be transferred without the offering of such shares to existing shareholders with preemptive rights. Existing shareholders are given the opportunity to purchase additional shares before they can be offered to others. 2. Collin Texas Legend with Transfer Restrictions: This type of legend indicates that the transfer of shares is subject to certain restrictions, such as requiring board approval or limiting transferability to only qualified investors or certain approved individuals or entities. 3. Collin Texas Legend with Compliance Requirements: This legend may state that any transfer of shares must comply with relevant state or federal laws, regulations, or guidelines, ensuring that the transfer is conducted in accordance with applicable legal requirements. The specific type of Collin Texas Legend on a Stock Certificate with Reference to Separate Document Restricting Transfer of Shares will depend on the particular provisions outlined in the accompanying restrictive transfer agreement. It is crucial for shareholders and potential investors to carefully review both the legend on the stock certificate and the separate document to understand the restrictions and requirements associated with the transfer of shares.

Collin Texas Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares A Collin Texas Legend on a stock certificate refers to a specific provision that is included on the certificate itself. This legend is used to signify the existence of a separate document that places restrictions on the transfer of shares associated with the stock certificate. The purpose of this legend is to ensure that any potential transfer of shares is subject to the terms and conditions outlined in the accompanying document. The Collin Texas Legend is relevant for individuals or entities holding stock certificates issued by companies based in Collin County, Texas, or those subject to the regulations and laws of Collin County. The inclusion of this legend on a stock certificate is crucial as it highlights the existence of a separate document that limits or restricts the transferability of the shares represented by the certificate. The accompanying document, often referred to as the "Restrictive Transfer Agreement," contains specific terms and conditions governing the transfer of shares. These terms typically address matters such as preemptive rights, restrictions on transfer to certain individuals or entities, and compliance with applicable laws and regulations. The purpose of this separate document is to protect the interests of the issuing company and its shareholders. It is important to note that there may be different types of Collin Texas Legends on Stock Certificates with Reference to Separate Document Restricting Transfer of Shares. These types may vary depending on the specific provisions stated in the accompanying document. Some common variations of legends found on stock certificates include: 1. Collin Texas Legend with Preemptive Rights Restriction: This legend may specify that the shares represented by the stock certificate cannot be transferred without the offering of such shares to existing shareholders with preemptive rights. Existing shareholders are given the opportunity to purchase additional shares before they can be offered to others. 2. Collin Texas Legend with Transfer Restrictions: This type of legend indicates that the transfer of shares is subject to certain restrictions, such as requiring board approval or limiting transferability to only qualified investors or certain approved individuals or entities. 3. Collin Texas Legend with Compliance Requirements: This legend may state that any transfer of shares must comply with relevant state or federal laws, regulations, or guidelines, ensuring that the transfer is conducted in accordance with applicable legal requirements. The specific type of Collin Texas Legend on a Stock Certificate with Reference to Separate Document Restricting Transfer of Shares will depend on the particular provisions outlined in the accompanying restrictive transfer agreement. It is crucial for shareholders and potential investors to carefully review both the legend on the stock certificate and the separate document to understand the restrictions and requirements associated with the transfer of shares.