Validity of Rocky Shares. The shares of Rocky Common Stock to be delivered pursuant to this Agreement, when issued in accordance with the provisions of this Agreement, will be duly authorized, validly issued, fully paid and non-assessable.
Appears in 5 contracts
Samples: Share Exchange Agreement (Prime Rate Income & Dividend Enterprises Inc), Share Exchange Agreement (Rocky Mountain Power Co), Share Exchange Agreement (Prime Rate Income & Dividend Enterprises Inc)