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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Certificate holders who have a brokerage account may want to ask their broker if they can assist in researching the certificate. Other research resources may be found on the Internet, at public libraries, stock exchanges, or stockbrokers' offices.
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. Share Certificate: Definition, How They Work, and Key Information investopedia.com ? terms ? share-certificate investopedia.com ? terms ? share-certificate
A legend is a statement on a stock certificate noting restrictions on the transfer or sale of a company's stock. Legend - Investopedia Investopedia ? ... ? SEC Investopedia ? ... ? SEC
You can cash them in through the transfer agent of the company with which the stock is owned. Or, you can work with a broker to sell the stock. Research the value of the stock to know whether you are holding on to fortune in cash or simply a pretty, collectible piece of paper.
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.
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.
Transfer Agent The easiest way is to contact the company and ask it directly. You can usually find the number of the company or the name of the transfer agent on the company's website; generally, publicly listed corporations have an investor-relations link on their sites. Is It Worth It to Cash in Old Stock Certificates? - Investopedia investopedia.com ? investing ? old-stock-cer... investopedia.com ? investing ? old-stock-cer...
Stock certificates do not expire. If you have a stock certificate that is extremely old of a company that still exists, that stock certificate is still valid and represents ownership in that company.
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.
