Section 23 Sale of Stock Transaction

• Library: Bus Trans 2005

In addition to the representations set forth in §§8.21 and 8.22 above, shareholders selling stock typically make representations and warranties to the purchaser of the stock concerning the following matters:

• The authorized capital of the corporation, the character of all of its authorized classes of stock, the number of shares of each class of its outstanding stock, and whether its stock is duly authorized, validly issued, and fully paid and nonassessable

• Whether there are any outstanding options, warrants, securities convertible into stock, or other rights to...