Ill. Admin. Code tit. 38 § 1075.1895

Current through Register Vol. 48, No. 36, September 6, 2024

Section 1075.1895 - Conditions on Shares of Stock Subject to Restriction on Sale

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.

Ill. Admin. Code tit. 38, § 1075.1895

Added at 17 Ill. Reg. 8894, effective June 7, 1993