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TABLE OF Contentious
Deposit
Account
Terms and Conditions
Electronic Transfers
Funds Availability
Truth in Savings Page
TERMS AND CONDITIONS .............................................................................................2
Important
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03
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Who needs restrictive legends?
01
Manufacturers of regulated products, such as pharmaceuticals, medical devices, and certain consumer goods, may need to include restrictive legends.
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Distributors and retailers of regulated products may also need to display restrictive legends on the packaging or labels.
03
Companies involved in export or import activities that require compliance with international regulatory standards may need to use restrictive legends.
04
Legal or compliance departments within organizations play a crucial role in determining if restrictive legends are needed.
05
Individuals or entities subject to specific laws or regulations that require the use of restrictive legends may also need to comply.
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What is restrictive legends?
Restrictive legends are statements placed on securities to indicate limitations on how they can be traded or transferred.
Who is required to file restrictive legends?
The issuer or transfer agent is required to file restrictive legends.
How to fill out restrictive legends?
Restrictive legends can be filled out by including specific language regarding the restrictions on the securities.
What is the purpose of restrictive legends?
The purpose of restrictive legends is to protect the interests of the issuer and maintain compliance with regulations.
What information must be reported on restrictive legends?
Restrictive legends must include details about the restrictions placed on the securities.
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