§431:4-210 Unlawful sales of equity security. It shall be unlawful for any beneficial owner, director or officer, directly or indirectly, to sell any equity security of such company if the person selling the security or the person's principal (1) does not own the security sold, or (2) if owning the security, does not deliver it against such sale within twenty days thereafter, or does not within five days after such sale deposit it in the mails or other usual channels of transportation. No person shall be deemed to have violated this section if the person proves that notwithstanding the exercise of good faith the person was unable to make such delivery or deposit within the time, or that to do so would cause undue inconvenience or expense. [L 1987, c 347, pt of §2]
Section: Previous 431-4-203 431-4-204 431-4-205 431-4-206 431-4-207 431-4-208 431-4-209 431-4-210 431-4-211 431-4-212 431-4-213 431-4-214 431-4-231 431-4-232 431-4-233 NextLast modified: October 27, 2016