Acknowledgement of Receipt of Consideration for Purchase of Stock

Summary

This template can be used by a corporation to acknowledge receipt of the purchase price for shares of the corporation's stock from a purchaser. This template contains practical guidance and drafting notes. This template is a simple receipt whereby a corporation is acknowledging the receipt of the purchase price for shares of the corporation's stock from purchasers. As this template is not state specific, you should review applicable state law to ensure that this acknowledgment conforms to any requirements that may be imposed by state law. For further guidance, see Stockholders' Agreement Resource Kit.