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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A stock certificate is a physical piece of paper that represents a shareholder's ownership of a company. Stock certificates include information such as the number of shares owned, the date of purchase, an identification number, usually a corporate seal, and signatures.
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.
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.
Only a transfer agent can complete the task of removing a restrictive stock legend. The transfer agent will require an opinion letter from the issuer's counsel or from his or her own lawyer plus 144 papers completed by a broker?stating that the restricted legend can be removed.
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.
Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer?usually in the form of an opinion letter from the issuer's counsel?that the restrictive legend can be removed.
A legend is a statement on a stock certificate noting restrictions on the transfer or sale of a company's stock.
If the company is no longer in existence, the share certificate itself might still have some value to a collector. Share certificates are collected by scripophily enthusiasts for their historical significance and/or for their artwork and intricate engraving.
