Stock Certificate Legend refers to wording found on the front or back of a stock certificate which serves as notice of and a brief explanation of certain restrictions affecting the stock shares represented by that stock certificate.
The reverse side of a stock certificate generally bears a form of assignment, which, when properly executed, transfers title to the stock represented by the certificate.
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There are two main types of stocks: common stock and preferred stock. Common Stock. Common stock is, well, common. ... Preferred Stock. Preferred stock represents some degree of ownership in a company but usually doesn't come with the same voting rights. ... Different Classes of Stock.
A legend is a statement on a stock certificate noting restrictions on the transfer or sale of a company's stock.
A stock certificate is a printed certificate issued by a corporation to a shareholder which documents ownership in a stated number of shares of that corporation's stock. 1. Number of Shares. 2. Serial Number ? A unique serial number is assigned to each certificate.
Two types of stock that may contain a stock legend are: Control stock and restricted stock, Control and restricted stock are both subject to transfer restrictions. The restriction stipulates when and how the securities may be lawfully sold.
A restricted security must bear a legend giving notice of the restrictions. That legend which must be removed after the restrictions are lifted. A security with a legend cannot be transferred or sold and must be removed before any transaction.
A legend is a statement on a stock certificate noting restrictions on the transfer or sale of a company's stock.
In India, the two primary platforms include the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) ? exchanges over which all the stock trading takes shape on a regular basis.
Key information on a share certificate includes: Certificate number. Company name and registration number. Shareholder name and address. Number of shares owned. Class of shares. Issue date of shares. Amount paid (or treated as paid) on the shares.
