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.

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Legend on Stock Certificate with Reference to Separate Document...

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

Name: Dallas Texas Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares
Brand: US Legal Forms
Rating: 4.75 (454 reviews)

Category:

Corporations - Shareholders and Stock

State:

Multi-State

County:

Dallas

Control #:

US-1058BG

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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.

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How to fill out Dallas Texas Legend On Stock Certificate With Reference To Separate Document Restricting Transfer Of Shares?

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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

How to Read a Stock Certificate Look for your name on the certificate. It may feature prominently at or near the top of the certificate and indicates your ownership of the stock. Seek out the number of shares.Scope out the per-share value.Find the date.Look at the company name, signature and corporate seal.

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.

When securities are restricted, a restrictive legend is usually stamped on the back of the stock certificate, prohibiting its sale in the public marketplace unless they are registered with the SEC or are exempt from the registration.

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.

(1) Commission legend. Provide a legend that indicates that the Securities and Exchange Commission has not approved or disapproved of the securities or passed upon the accuracy or adequacy of the disclosure in the prospectus and that any contrary representation is a criminal offense.

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

If you purchased common shares of the Company (the Shares) through a private placement offering, the Shares are restricted securities pursuant to Canadian and United States securities laws and restrictive legends (the Legends) will have been placed on the certificate(s) representing your shareholdings.

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Removal of Restrictive Legend Without Transfer . Shares have been on the move with the stock up 14.

At this point one might expect to see shares transferred out of the trust into a custodian as the price would stabilize and all the shares would probably be made tradable again, however, the current situation has moved away from this, so we're left with the status quo. I'm not sure if this is the best solution since some shares might be sitting on a shelf unused for a long time. I would imagine the trust would like to transfer them back to the custodian, but the transaction must happen before August 30th (when the stock price might stabilize as the trading day itself.) I suspect that if they just allow the shares to go on an open market trading day, the price could move back into the green. — The trust is owned entirely by The Trustees of Harvard University. Their mission statement reads in part: “To provide long-term, secure investment opportunities for all Harvard University alumni and to maintain their economic interests in as long as they remain Harvard eligible.

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

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What is a Dallas Legend stock certificate?

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Can I transfer my Dallas Legend shares without following the restrictions mentioned in the separate document?

What are the common restrictions mentioned in the separate document?

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