What is a Class B Certification?

A Class B Certification is an affidavit required to be provided upon the transfer of Class B shares to evidence that the transfer is being made only to a “Permitted Transferee.” If adequate proof is not provided that the transferee is a “Permitted Transferee,” then the shares will be converted into an equal number of shares of Capital Stock. This information is printed on the back side of the Class B stock certificate.