§431:4-210  Unlawful sales of equitysecurity.  It shall be unlawful for any beneficial owner, director orofficer, directly or indirectly, to sell any equity security of such company ifthe person selling the security or the person's principal (1) does not own thesecurity sold, or (2) if owning the security, does not deliver it against suchsale within twenty days thereafter, or does not within five days after suchsale deposit it in the mails or other usual channels of transportation.  Noperson shall be deemed to have violated this section if the person proves thatnotwithstanding the exercise of good faith the person was unable to make suchdelivery or deposit within the time, or that to do so would cause undueinconvenience or expense. [L 1987, c 347, pt of §2]