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Statutorily Defined Close Corporation Share Certificate Legend

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The language contained in this Share Certificate Legend is required by some states to be conspicuously placed on the share certificates of statutorily defined close corporations. This document provides for the maximum shareholders of the company pursuant to statutory authority. In addition, this document provides that any transfer of shares that violates this limit will be considered void. This document can be used by small businesses or other entities that operate as close corporations and are required by state law to maintain a Share Certificate Legend.

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