If have stock with a 144 legend on it does the 144 ever automatically expire? I was the corp secy in 2003.?

Have not been with the co since 2004. Do I still need a legal opinion as well>

The link below at the SEC site covers the major issues. You need the cooperation of the company and an opinion letter from the issuer's counsel to get the legend removed. The SEC considers any disputes between you and the company not to be their business.

"Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer鈥攗sually in the form of an opinion letter from the issuer's counsel鈥攖hat the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.

To begin the process, an investor should contact the company that issued the securities, or the transfer agent of the company's securities, to ask about the procedures for removing a legend. Since removing the legend can be a complicated process, if you're considering buying or selling a restricted security, it would be wise for you to consult an attorney who specializes in securities law."

Good luck.

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