Rule 144 Seller's Representation Letter: Non-Affiliate Sale of Restricted Securities | Practical Law

Rule 144 Seller's Representation Letter: Non-Affiliate Sale of Restricted Securities | Practical Law

A standard form to be used as a starting point for drafting a representation letter to be delivered by a non-affiliate seller of restricted securities in reliance on Rule 144 under the Securities Act. Counsel delivering an opinion as part of a Rule 144 sale typically relies on, among other things, a representation letter from the seller to establish certain facts underlying the opinion, and the seller's broker and the issuer's transfer agent may require a similar representation letter.

Rule 144 Seller's Representation Letter: Non-Affiliate Sale of Restricted Securities

Practical Law Standard Document 6-543-8205 (Approx. 14 pages)

Rule 144 Seller's Representation Letter: Non-Affiliate Sale of Restricted Securities

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
A standard form to be used as a starting point for drafting a representation letter to be delivered by a non-affiliate seller of restricted securities in reliance on Rule 144 under the Securities Act. Counsel delivering an opinion as part of a Rule 144 sale typically relies on, among other things, a representation letter from the seller to establish certain facts underlying the opinion, and the seller's broker and the issuer's transfer agent may require a similar representation letter.