What is Legend?
A notification placed on certain stock certificates describing the terms and conditions of sale and ownership. Read more for examples and further explanation including related video clips and also comments
Example explains Legend
The main purpose of a legend is to notify owners of the restrictions placed on certain stocks. Sometimes, however, the legend may not be included on the certificate, so there may be restrictions on some stocks that have no legends. Generally, these restrictions occur when the initial owner enters into a shareholder agreement.
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