44-1877

44-1877. Escrow of treasury stock; restrictive
sales agreement

Except as provided in section 44-1901, the commission may in its discretion by order
require as a condition to registration of securities under this chapter that all treasury
stock of the issuer, or other securities issued and thereafter acquired by the issuer,
shall be subject to a restrictive sales agreement or shall be deposited in escrow in a
suitable depository, subject to the terms and conditions as to release from the
restrictive sales agreement or the escrow as the commission deems necessary. Any
treasury stock or other security that is subject to a restrictive sales agreement shall
have a legend on the back of the treasury stock or other security that states that the
treasury stock or other security is subject to a restrictive sales agreement.