Rule 144 Seller's Representation Letter: Affiliate Sale of Restricted or Control Securities | Practical Law
A standard form to be used as a starting point for drafting a representation letter to be delivered by an affiliate seller of restricted securities in reliance on Rule 144 under the Securities Act. Counsel delivering an opinion as part of a Rule 144 sale typically relies on, among other things, a representation letter from the seller to establish certain facts underlying the opinion, and the seller's broker and the issuer's transfer agent may require a similar representation letter.