Declaration For Removal of Legend (Rule 904 Resale)

The legal template titled "Declaration for Removal of Legend (Rule 904 Resale) under USA Law" is a document that may be used in the United States legal system to facilitate the process of removing a restrictive legend or resale restriction on securities under Rule 904. This rule falls under the Securities Act of 1933 and governs the exemption from registration requirements for certain intrastate securities offerings.

The purpose of this template is to provide a standardized format for individuals or entities seeking to declare the removal of a legend placed on securities that restricts their transferability or resale in compliance with Rule 904. The legend removal is typically sought when the securities have met specific conditions outlined in the relevant securities law, such as a holding period, compliance with an exemption, or a change in status.

The template may contain sections to affirm the issuer's consent to the removal of the legend, the relevant legal provisions under the Securities Act of 1933, details of the securities being subject to the legend, the requirements fulfilled for the removal, and any additional relevant information necessary for legal compliance.

By using this template, individuals or entities seeking to remove a legend on securities can provide a clear and formal declaration, thereby facilitating the process and ensuring compliance with applicable regulations. It is important to note that while this template may serve as a useful starting point, it is crucial to consult with a qualified legal professional to tailor it to the specific circumstances and jurisdiction involved, as laws and regulations may vary.