Green Bay Packers, §7; §12; no action recommended, 11/4/2011
No action recommended to require registration of new stock to be issued by Green Bay Packers, Inc. The shares could not be sold or transferred, could not be pledged or hypothecated, owners would receive no dividend, and the Green Bay Packers had a right of first refusal to reacquire the shares at a price that would be less than the issuance price.
The link address is: /committees/securities-law-committee/securities-law-committee-resources/no-action-letters/green-bay-packers-ss7-ss12-no-action-recommended-11-4-1911.pdf/@@download/file