§1075.1895. Conditions on Shares of Stock Subject to Restriction on Sale

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In connection with shares of capital stock subject to restriction on sale:

a)         each certificate for the stock shall bear a legend giving appropriate notice of the restriction;

b)         appropriate instructions shall be issued to the transfer agent for the capital stock with respect to applicable restrictions on transfer of any such restricted stock; and

c)         any shares issued as a stock dividend, stock split, or otherwise with respect to any such restricted stock shall be subject to the same restrictions as may apply to the restricted stock.

(Source: Added at 17 Ill. Reg. 8894, effective June 7, 1993)

                    
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