44-1877. Escrow of treasury stock; restrictive sales agreement
Except as provided in section 44-1901, the commission may in its discretion by order require as a condition to registration of securities under this chapter that all treasury stock of the issuer, or other securities issued and thereafter acquired by the issuer, shall be subject to a restrictive sales agreement or shall be deposited in escrow in a suitable depository, subject to the terms and conditions as to release from the restrictive sales agreement or the escrow as the commission deems necessary. Any treasury stock or other security that is subject to a restrictive sales agreement shall have a legend on the back of the treasury stock or other security that states that the treasury stock or other security is subject to a restrictive sales agreement.
Section: Previous 44-1863 44-1871 44-1872 44-1873 44-1874 44-1875 44-1876 44-1877 44-1878 44-1891 44-1892 44-1893 44-1894 44-1895 44-1896 NextLast modified: October 13, 2016