Define: Sale of Securities

How is Sale of Securities defined in a legal contract?

• Sale of Securities means any issuance, transfer, distribution or disposal of securities, whether voluntarily or according to applicable laws. Seen in 3 SEC filings.
• Sale of Securities means any sale conducted by an entity of its securities. Seen in 1 SEC filing.
• Sale of Securities means when a Trust has to sell its held securities, it undertakes the sales through a Selling Agent, who will solicit bids from at least three nationally reputed broker-dealers. The trust then sells the securities at the highest bid price offered. Seen in 1 SEC filing.
• Sale of Securities means when securities are required to be sold, a Selling Agent might request at least three bids from national, registered broker-dealers along with addition solicits from financial institutions or other counterparts with acceptable credit worthiness. The Trust then sells the securities at the highest bid price offered. The Selling Agent may not bid for the securities. Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of sale of securities' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Sale of Securities means any voluntary or enforced transfer, issuance, distribution, or disposal of securities.

Relevant Contract Types

• Share Purchase Agreement
• Investment Agreements
• Stock Option Agreement

Relevant Circumstances

• Company issuing fresh equity shares.
• Private sale of shares by the owner or promoter.
• Disposal of shares due to legal enforcement.

Relevant Sectors

• Banking and Finance
• Investment
• Real Estate

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Genie Definition 2

• Sale of Securities means a trust selling its securities via a Selling Agent at the highest bid price from at least three reputed broker-dealers.

Relevant Contract Types

• Trust Agreements
• Broker-Dealer Agreement

Relevant Circumstances

• Financial trusts liquidating their held securities.
• Financial trusts enlisting the services of a broker-dealer.

Relevant Sectors

• Banking and Finance
• Trusts and Estates

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