Vermont § 4304 - Unlawful sales; delivery It shall be unlawful for
Full text of Vermont Vermont Statutes Online § 4304 — Unlawful sales; delivery It shall be unlawful for, with citation guidance and answers to common questions.
§ 4304. Unlawful sales; delivery It shall be unlawful for
- any such beneficial owner, director, or officer, directly, or indirectly, to sell any equity security of the company if the person selling the security or his or her principal does not own the security sold, or if owning the security, does not deliver it against the sale within 20 days thereafter, or does not within five days after the sale deposit it in the mails or other usual channels of transportation; but no person may be considered to have violated this section if he or she proves that notwithstanding the exercise of good faith he or she was unable to make delivery or deposit within that time, or that to do so would cause undue inconvenience or expense. (Added 1965, No. 88, § 3.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4304
What does Vermont Statutes Online § 4304 cover?
Section 4304 ("Unlawful sales; delivery It shall be unlawful for") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 4304?
A common citation format is "Vermont Statutes Online § 4304" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 4304 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.