| SECURITIES LAW ISSUES |
| A thorough
discussion of federal and state securities laws is beyond the scope of this guide. Some
common issues are: (1) registration, (2) notices and (3) disclosure. Registration
The sale of small amounts of stock to intrastate shareholders
is usually exempt from state and federal registration requirements. Never rely on this
general rule without doing specific research first!
Notices
Mark the back of any stock certificates with notices which may
apply to the shares.
Disclosure
Even if a registration exemption applies, federal securities
laws require full disclosure of any material facts in a securities transaction. |
|
|
