New Jersey | Investment Law
5/23/11, 3:11 pm
Legal Question
I work for Allied Van Lines and it has structured its company by giving its franchisees (me) stock ownership in the company. But after carefully snooping around i noticed the following language on the stock:
NOTE: Restrictions apply to ownership of this stock. Only franchisees and employees of Allied Van Lines can own this stock. In the event of a franchise or employment termination, the stock must first be offered to the Allied Board for purchase.
Is this restriction valid is my question and if not what can i do in in regards to this issue.?
Thanks, Qwame Nkromah
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Read More Answered By: Roman Fichman Esq. |
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