38 Ill. Adm. Code 1075.1895
Conditions on Shares of Stock Subject to Restriction on Sale
Section 1075
Section 1075.1895 Conditions
on Shares of Stock Subject to Restriction on Sale
In connection with shares of
capital stock subject to restriction on sale:
a) each certificate for the stock shall bear a legend giving
appropriate notice of the restriction;
b) appropriate instructions shall be issued to the transfer agent
for the capital stock with respect to applicable restrictions on transfer of
any such restricted stock; and
c) any shares issued as a stock dividend, stock split, or
otherwise with respect to any such restricted stock shall be subject to the
same restrictions as may apply to the restricted stock.