Assertion: close corporation's share | /r/HasProperty | acquired for investment
Facets:
Source sentences:
text: These shares have been acquired for investment and not with a view to distribution or resale, and may not be mortgaged, pledged, hypothecated, or otherwise transferred without an effective registration statement for such shares under the Securities Act of l933 or an opinion of counsel for the corporation that registration is not required under such act.
text: The shares have been acquired for investment and may not be transferred unless (i) a Registration Statement with respect to the shares shall be effective under The Securities Act of l933 and there shall have been compliance with applicable state law or (ii) the corporation shall have received a "no action" letter from the Securities and Exchange Commission covering such transfer and the equivalent ruling or letter pursuant to applicable state law, each in form satisfactory to the corporation or (iii)