Common use of Stock Transfer Record Clause in Contracts

Stock Transfer Record. The Corporation shall keep a stock transfer book in which shall be recorded the name and address of each Stockholder. No transfer or issuance of any shares of Stock shall be effective or valid unless and until recorded in such stock transfer book. The Corporation agrees not to record any transfer or issuance of shares of Stock in such stock transfer book unless the transfer or issuance is in strict compliance with all provisions of this Agreement. Each Stockholder agrees that, in the event he, she or it desires to make a transfer within the provisions hereof, he, she or it shall furnish to the Corporation such evidence of his, her or its compliance with this Agreement as may be reasonably required by the Board of Directors of, or counsel for, the Corporation.

Stock Transfer Record. The Corporation shall keep a stock transfer book in which shall be recorded the name and address of each StockholderStockholder of the Corporation. No transfer or issuance of any shares of Capital Stock shall be effective or valid unless and until recorded in such the stock transfer book. The Corporation agrees shall not to record any transfer or issuance of shares of Capital Stock in such the stock transfer book unless the transfer or issuance is in strict compliance with all provisions of this Agreement. Each Stockholder agrees that, in the event he, she or it such Stockholder desires to make a transfer within the provisions hereof, he, she or it such Stockholder shall furnish to the Corporation such evidence of his, her or its compliance with this Agreement as may be reasonably be required by the Board of Directors of, or counsel for, of the Corporation.