This review list is being supplied to you in order to inform you about the document in question and to assist you in preparing it for submission. If the certificate is issued by a private firm, this consent legend shall be placed on the back of each certificate produced by the company. It explicitly advises any prospective purchaser of the stock of the restrictions imposed on it, so protecting the firm, its officers, directors, and indirectly, its shareholders from liability
Consent Legend for Private Shares
Not Transferable Without the Consent of a Majority
of the Stockholders.The securities represented by this certificate have not
been registered under the (Federal) Securities Act of
1933 or applicable securities act of any state but have
been issued in reliance upon exemptions from
registration contained in said acts. No sale, offer to
sell or other transfer of the securities represented by this
certificate may be made unless a registration statement
under said acts is in effect with respect to the securities
or an exemption from the registration provisions of such
acts is then applicable.Consent Legend for Private Shares
Review ListThis review list is provided to inform you about this document in question and assist you in its preparation. This consent legend should be printed on the back of each certificate issued in a private company. It clearly notifies any purchasing party of the restrictions placed upon the stock and thereby protects the company, its officers, directors, and indirectly its shareholders.
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