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Blue-sky laws

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Blue-sky laws
State laws covering the issue and trading of securities.
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The registration statement is intended, if it is declared effective, to ensure that the issuance of shares under these plans to Ligand's employees, consultants, directors or other eligible individuals are made in compliance with federal law and may be freely resold, upon compliance with any state blue-sky laws or company-imposed trading restrictions that apply.
Ligand Pharmaceuticals Files S-1 for Existing Employee & Director ... by Business Wire
However, it is recommended that brokers check with the blue-sky laws in their particular state.
Vizario, Inc. Announces Approval of Standard & Poor's Listing by Business Wire
Brokers should check the blue-sky laws in their state before issuing a recommendation.
Image Technology Laboratories, Inc. Has Received Approval for ... by Business Wire
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