Contra Costa California Legend on Stock Certificate Giving Notice of Restriction on Transfer due to Stock Redemption Agreement Requiring First an Offer to the Corporation and then an Offer to other Stockholders The Contra Costa California Legend on a Stock Certificate is a provision that gives notice of restrictions on the transfer of stock. This particular legend is specific to stock certificates issued in Contra Costa County, California. The purpose of this legend is to notify the holder of the stock certificate that the transfer of the stock is subject to a Stock Redemption Agreement. The Stock Redemption Agreement requires that before the holder can transfer the stock to any third party, they must first make an offer to the corporation. The corporation has the right to accept or reject the offer. If the corporation rejects the offer, the stockholder must then make an offer to other stockholders. Only if these offers are declined can the stock be transferred to a third party. This legend serves as a precautionary measure to ensure that all stock transfers adhere to the terms of the Stock Redemption Agreement. By requiring offers to be made to the corporation and other stockholders first, the agreement aims to maintain equitable ownership within the corporation and provide existing stockholders with the opportunity to acquire additional shares before they are sold to outsiders. Different types of Contra Costa California Legends on Stock Certificates Giving Notice of Restriction on Transfer due to Stock Redemption Agreement Requiring First an Offer to the Corporation and then an Offer to other Stockholders might include variations in language, depending on the specific terms and conditions of the Stock Redemption Agreement. It is essential to consult the actual legend and agreement for accurate and comprehensive information regarding the specific restrictions outlined.
Contra Costa California Legend on Stock Certificate Giving Notice of Restriction on Transfer due to Stock Redemption Agreement Requiring First an Offer to the Corporation and then an Offer to other Stockholders
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