Restrictions Under Securities Laws. Notwithstanding anything to the contrary stated in this Agreement, no Shares may be Transferred unless the Company shall have reasonably determined that the intended Transfer does not violate the Securities Act and any applicable state securities laws or the Shares have been validly registered under the Securities Act and all applicable state securities laws.
Appears in 2 contracts
Sources: Shareholder Agreement (Scheid Vineyards Inc), Stockholder Agreement (Scheid Vineyards Inc)