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This document is a request form to authorize the transfer agent to remove the restrictive legend from specified securities.
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How to fill out request to remove legend

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How to fill out Request to Remove Legend

01
Obtain the Request to Remove Legend form from the appropriate authority or office.
02
Fill out the applicant's information including name, address, and contact details.
03
Provide a reason for the request in the designated section, including any supporting information or documentation.
04
Include any relevant case numbers or identifiers related to the legend.
05
Sign and date the form to certify the information provided is accurate.
06
Submit the completed form to the relevant office or authority via the prescribed method (in person, mail, or online).
07
Keep a copy of the submitted form for your records.

Who needs Request to Remove Legend?

01
Individuals or property owners who want to remove a legend or restriction on a property title.
02
Real estate professionals involved in transactions requiring the removal of such legends.
03
Title companies conducting title searches and requiring updated property status.
04
Legal representatives assisting clients with property issues involving legends.
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People Also Ask about

A "legend" refers to a statement or notice that is placed on a document or certificate to provide certain restrictions, conditions, or important legal information.
A legend is a statement on a stock certificate noting restrictions on the transfer or sale of a company's stock.
Restricted securities are: Securities acquired directly or indirectly from the issuer, or from an affiliate of the issuer, in a transaction or chain of transactions not involving any public offering.
Having the Legend Removed The stock certificates need to be sent to the transfer agent, and the shares will be returned without the restrictions in place. These shares can then be sold on the public market.
33 Act Legend means the following language placed on a stock certificate: THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, ESCROWED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER SAID ACT OR, IN THE OPINION
What is legend, and why is it important? Company's consent: To remove the legend, the consent of the company that issued the securities is required. Once you have the opinion letter, submit it to the transfer agent, who removes the legend. Only after the legend is removed can the securities be sold in the public market.
Removal process Company's consent: To remove the legend, the consent of the company that issued the securities is required. This consent is given in the form of an “opinion letter” from the issuer's legal counsel stating that the securities are eligible for public sale under Rule 144 or another exemption.

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A Request to Remove Legend is a formal application submitted to request the removal of legal or regulatory markings that indicate restrictions on the use or dissemination of certain information, documents, or released data.
Individuals or organizations that possess documents or information marked with legal legends, such as federal or proprietary restrictions, and wish to have those classifications removed must file a Request to Remove Legend.
To fill out a Request to Remove Legend, one must provide relevant details about the document or information, including title, date, nature of the request, justification for removal, and contact information of the requester.
The purpose of a Request to Remove Legend is to seek official clearance to unrestrict information so that it can be freely used, disclosed, or distributed without legal or regulatory encumbrances.
The information that must be reported includes the title of the document, the reason for the legend's removal, any pertinent dates, the name and contact information of the requester, and any relevant case or reference numbers.
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