Hennepin Minnesota Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares

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Multi-State
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Hennepin
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.
The Hennepin Minnesota Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares is a stipulation included on stock certificates issued by companies based in Hennepin County, Minnesota. This specific legend is designed to enforce restrictions on the transfer of shares, as detailed in a separate document accompanying the stock certificate. These restrictions are intended to govern the buying and selling of shares and protect the interests of the company and its shareholders. The Hennepin Minnesota Legend on Stock Certificate serves as a notice to shareholders and potential buyers that transfer of shares is subject to certain limitations and conditions. It highlights the existence of a separate document that contains the specific terms governing the transferability of shares. This separate document could be titled "Restrictive Transfer Agreement," "Share Transfer Restriction Agreement," or "Transfer Restriction Document." The Hennepin Minnesota Legend on Stock Certificate acts as a crucial element in safeguarding the company's ownership structure, ensuring compliance with legal agreements, maintaining stability, and protecting shareholders' rights. It aims to prevent unwanted transfer of shares that could potentially harm the company's financial stability, decision-making process, or strategic direction. The inclusion of this legend on a stock certificate is often a requirement for companies based in Hennepin County, Minnesota, and serves as a strong deterrent against unauthorized share transfers. Shareholders and potential buyers must carefully review and abide by the provisions outlined in the separate document restricting share transfers to avoid any legal repercussions. In summary, the Hennepin Minnesota Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares represents the inclusion of a notice on stock certificates, highlighting the existence of a separate document that places restrictions on the transfer of shares. By adhering to the provisions set forth in this legend and accompanying document, companies and shareholders can maintain control over the ownership and transferability of shares.

The Hennepin Minnesota Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares is a stipulation included on stock certificates issued by companies based in Hennepin County, Minnesota. This specific legend is designed to enforce restrictions on the transfer of shares, as detailed in a separate document accompanying the stock certificate. These restrictions are intended to govern the buying and selling of shares and protect the interests of the company and its shareholders. The Hennepin Minnesota Legend on Stock Certificate serves as a notice to shareholders and potential buyers that transfer of shares is subject to certain limitations and conditions. It highlights the existence of a separate document that contains the specific terms governing the transferability of shares. This separate document could be titled "Restrictive Transfer Agreement," "Share Transfer Restriction Agreement," or "Transfer Restriction Document." The Hennepin Minnesota Legend on Stock Certificate acts as a crucial element in safeguarding the company's ownership structure, ensuring compliance with legal agreements, maintaining stability, and protecting shareholders' rights. It aims to prevent unwanted transfer of shares that could potentially harm the company's financial stability, decision-making process, or strategic direction. The inclusion of this legend on a stock certificate is often a requirement for companies based in Hennepin County, Minnesota, and serves as a strong deterrent against unauthorized share transfers. Shareholders and potential buyers must carefully review and abide by the provisions outlined in the separate document restricting share transfers to avoid any legal repercussions. In summary, the Hennepin Minnesota Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares represents the inclusion of a notice on stock certificates, highlighting the existence of a separate document that places restrictions on the transfer of shares. By adhering to the provisions set forth in this legend and accompanying document, companies and shareholders can maintain control over the ownership and transferability of shares.

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FAQ

If you receive stock from a company affiliate -- an executive officer, director or large investor -- the shares are restricted control securities. Under SEC Rule 144, you can lift stock restrictions by holding the shares for a set amount of time.

The legend indicates that the securities may not be resold in the marketplace unless they are registered with the SEC or are exempt from the registration requirements. Certificates for control securities usually are not stamped with a legend.

Company gives you restricted stock shares or units, though you are prohibited from selling or transferring them for a certain time. On the day that time is up the vest date you are free to sell or transfer the shares. (Some plans permit you to defer receipt of the shares to a later date.)

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

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

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.

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.

You may not sell, assign, pledge, encumber, or otherwise transfer any interest in the Restricted Shares until the dates set forth in the Vesting Schedule set forth below, at which point the Restricted Shares will be referred to as Vested. A Restricted Share shall not be subject to execution, attachment or similar

A legend is a statement on a stock certificate noting restrictions on the transfer of the stock. A stock legend is typically put in place due to the requirements established by the Securities and Exchange Commission (SEC) for unregistered securities.

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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(b) Restrictions on Transfer and Legend on Stock Certificates. Form of Performance Vesting Restricted Stock Agreement.Permit our board of directors to issue up to acquisition or other change in our control;. Pursuant to the Exchange Offer will continue to be subject to the restrictions. On transfer of such Old Notes as set forth in the legend thereon as a. 01 par value) were outstanding. May be paid in the form of equity in the cooperative rather than in cash.

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Hennepin Minnesota Legend on Stock Certificate with Reference to Separate Document Restricting Transfer of Shares