Legends
About this form
The Legends document serves an essential role in the corporate and business sectors. It enables companies to place necessary restrictions on the transfer and sale of their securities. These legends ensure compliance with regulatory requirements and help define the rights and limitations concerning the securities represented by the certificate. Unlike other forms, the Legends document includes specific legal disclaimers mandated by securities laws, making it unique to certain equity transactions.
Form components explained
- 1933 Act Legend: Provides essential details about registration requirements under the Securities Act of 1933.
- Regulation S Legend: Illustrates the conditions under which securities may be transferred outside the U.S.
- Lockup Legend: Outlines restrictions on selling or transferring securities for a set period after registration.
- Right of First Refusal: Specifies limitations on the transfer of securities unless consented to by the company.
- Investor Rights Agreement: Includes restrictions placed on the transfer and disposition of securities.
- California Legend: Addresses specific rules concerning the qualification of securities in the state of California.
When this form is needed
This Legends document is necessary when issuing stock certificates to ensure compliance with federal and state securities regulations. Companies should use it when planning to offer or sell securities, especially if restrictions on transferability are required. It is particularly important during initial public offerings (IPOs), private placements, or when imposing specific contractual obligations between the company and investors.
Who this form is for
- Business owners and corporate executives who need to issue stock certificates.
- Legal advisors involved in securities law compliance for companies.
- Investors and shareholders who require clear documentation of their rights and limitations regarding securities.
Completing this form step by step
- Identify the type of securities being issued and their corresponding restrictions.
- Include the appropriate legends as required by securities law or company bylaws.
- Specify any necessary time frames for restrictions, such as lock-up periods.
- Ensure all applicable parties are clearly identified on the certificate.
- Review compliance requirements to ensure all legal obligations are met.
Notarization guidance
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Neglecting to include specific legends required by law, leading to legal complications.
- Failing to confirm compliance with state-specific securities regulations.
- Overlooking clarity in identifying parties involved, which can lead to disputes.
Benefits of completing this form online
- Convenience of downloading and customizing the Legends document to fit your specific needs.
- Access to templates drafted by licensed attorneys, ensuring reliable legal language.
- Time-saving solution that allows for immediate access without waiting for professional consultations.
Legal use & context
- Ensures that the company complies with SEC regulations regarding securities offerings.
- Protects both the holder and the issuer from potential legal issues related to unregistered securities.
- Clarifies the rights of all parties involved in securities transactions.
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FAQ
Function of Legend In literature, the function of a legend is to present the story of human actions in such a way that they are perceived by the audience to be true. Actions are presented as if they have taken place within human history.
A legend (/02c8lej0259nd/) is a story about human events or actions that has not been proved nor documented in real history. Legends are retold as if they are real events and were believed to be historical accounts.
Examples of legends are Ali Baba, the Fountain of Youth, Paul Bunyan, Kraken, Atlantis, the Loch Ness Monster, and Bigfoot. Some legends are stories about real people; others are not. Odysseus and Robin Hood for example may have been real but most the stories about them are definitely fiction.
A legend is a semi-true story, which has been passed on from person-to-person and has important meaning or symbolism for the culture in which it originates. A legend usually includes an element of truth, or is based on historic facts, but with 'mythical qualities'.
A legend is a traditional story about the past. The main characters are usually kings or heroes. Some examples of well-known legends include the tales of Odysseus from Ancient Greece, Beowulf from the Norse lands and King Arthur from Old England. Like myths, legends were thought to be true.
A legend is a semi-true story, which has been passed on from person-to-person and has important meaning or symbolism for the culture in which it originates. A legend usually includes an element of truth, or is based on historic facts, but with 'mythical qualities'.
A legend is a genre of folklore that consists of a narrative featuring human actions perceived or believed both by teller and listeners to have taken place within human history. Narratives in this genre may demonstrate human values, and possess certain qualities that give the tale verisimilitude.
Set the story in today's world. Change or add plot details. Change a few main events. Change the gender of the hero or heroine. Change the point of view (example: Tell the legend of St. Write a sequel. Write a prequel. Develop an existing legend into a readers' theatre script.
Legends (derived from Latin, Legenda) are stories in oral tradition and a narrative of human actions.Examples of legends are Ali Baba, the Fountain of Youth, Paul Bunyan, Kraken, Atlantis, the Loch Ness Monster, and Bigfoot. Some legends are stories about real people; others are not.
