# Restrictive Legend Clause

**IRI:** https://folio.openlegalstandard.org/R7QFp4uyS7ePAzZI3mju3Ml

## Labels

**Translations:**

- de-de: Einschränkende Legendenklausel
- en-gb: Restrictive Legend Clause
- es-es: Cláusula de leyenda restrictiva
- es-mx: Cláusula de leyenda restrictiva
- fr-fr: Clause de légende restrictive
- he-il: סעיף לגנדה מגבילה
- hi-in: प्रतिबंधात्मक लीजेंड क्लॉज
- ja-jp: 制限付き伝説条項
- pt-br: Cláusula de legenda restritiva
- zh-cn: 限制性图例条款

## Definition

A restrictive legend clause is a provision in a contract that limits the transferability of securities by requiring the purchaser to hold the securities for a certain period of time or to obtain the issuer's consent before selling them.

## Sub Class Of

- https://folio.openlegalstandard.org/RDe0RKU39BlhcyACJW30ZLc

**Deprecated:** False