byPractical Law Corporate & Securities
See Also
What is Reg S intended to dobest evidence ruleSecurities Act of 1933: Significance and HistoryWhat Is the Securities Exchange Act of 1934? Reach and HistoryRelated Content
Maintained • USA (National/Federal)
A declaration for the removal of a restrictive legend from a certificate representing shares of common stock to facilitate a resale exempt from registration under Rule 904 of Regulation S under the Securities Act of 1933. A selling stockholder and a broker-dealer acting on its behalf can deliver this declaration to the issuer and the issuer's transfer agent or other intermediary as part of the documents required for a Rule 904 resale. This Standard Document has integrated notes with important explanations and drafting tips.
