EX-5.1 3 dex51.txt COUNSEL TO TRANSMONTAIGNE INC Exhibit 5.1 October 17, 2001 Board of Directors TransMontaigne Inc. 2750 Republic Plaza 370 17th Street Denver, Colorado 80202 Gentlemen: We are acting as counsel to TransMontaigne Inc., a Delaware corporation (the "Company"), in connection with its registration, pursuant to a registration statement on Form S-8 (the "Registration Statement") filed with the Securities and Exchange Commission relating to the proposed public offering of up to 2,312,095 shares of the Company's common stock, par value $0.01 per share, all of which shares (the "Shares") are to be sold by the Company under the terms of the TransMontaigne Inc. Equity Incentive Plan, as amended (the "Plan"). This opinion letter is furnished to you at your request to enable you to fulfill the requirements of Item 601(b)(5) of Regulation S-K, 17 C.F.R. (S) 229.601(b)(5), in connection with the Registration Statement. For purposes of this opinion letter, we have examined copies of the following documents: 1. An executed copy of the Registration Statement. 2. A copy of the Plan, as certified by the Secretary of the Company on the date hereof as being complete, accurate, and in effect. 3. The Certificate of Incorporation of the Company, as certified by the Secretary of State of the State of Delaware on October 15, 2001 and by the Secretary of the Company on the date hereof as being complete, accurate, and in effect. 4. The Bylaws of the Company, as certified by the Secretary of the Company on the date hereof as being complete, accurate, and in effect. 5. A certificate of good standing of the Company issued by the Secretary of State of the State of Delaware dated October 15, 2001. 6. Resolutions of the Board of Directors of the Company (a) adopted by unanimous written consent dated July 18, 1997, (b) adopted at a meeting held on March 17, 1999, and (c) adopted by unanimous written consent dated April 23, 1999, each as certified by the Secretary of the Company on the date hereof as being complete, accurate, and in effect, relating to the adoption of the Plan, the filing of the Board of Directors of TransMontaigne Inc. October 17, 2001 Page 2 of 2 Registration Statement, the issuance and sale of the Shares and arrangements in connection therewith. 7. Minutes of the Annual Meeting of Stockholders of the Company and the respective Certificates of Inspectors of Election for meetings held on (a) August 28, 1997, and (b) November 18, 1999, each as certified by the Secretary of the Company on the date hereof as being complete, accurate, and in effect, relating to the ratification and amendment of the Plan. 8. A certificate of an officer of the Company, dated the date hereof, as to certain facts relating to the Company. In our examination of the aforesaid documents, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the accuracy and completeness of all documents submitted to us, the authenticity of all original documents, and the conformity to authentic original documents of all documents submitted to us as copies (including telecopies). This opinion letter is given, and all statements herein are made, in the context of the foregoing. This opinion letter is based as to matters of law solely on the Delaware General Corporation Law, as amended. We express no opinion herein as to any other laws, statutes, ordinances, rules, or regulations. As used herein, the term "Delaware General Corporation Law, as amended" includes the statutory provisions contained therein, all applicable provisions of the Delaware Constitution and reported judicial decisions interpreting these laws. Based upon, subject to and limited by the foregoing, we are of the opinion that following (i) effectiveness of the Registration Statement, (ii) issuance of the Shares pursuant to the terms of the Plan, and (iii) receipt by the Company of the consideration for the Shares specified in the resolutions adopted by the Board of Directors authorizing the issuance thereof, the Shares will be validly issued, fully paid, and nonassessable. This opinion letter has been prepared for your use in connection with the Registration Statement and speaks as of the date hereof. We assume no obligation to advise you of any changes in the foregoing subsequent to the delivery of this opinion letter. We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement. In giving this consent, we do not thereby admit that we are an "expert" within the meaning of the Securities Act of 1933, as amended. Very truly yours, /s/ HOGAN & HARTSON L.L.P. HOGAN & HARTSON L.L.P.