Section 8-6-59 – Bonds of Director and Employees.
Section 8-6-59 Bonds of director and employees. (a) Before assuming office, the Director of the Securities Commission shall give a bond in the sum of $50,000, payable to the State of Alabama, to be approved by the Attorney General of Alabama and filed in the office of the Secretary of State. Such bond shall be […]
Section 8-6-119 – Judicial Validation Proceedings.
Section 8-6-119 Judicial validation proceedings. Any judicial validation proceeding instituted under this article shall conform to and be conducted in accordance with either Section 6-6-750 et seq. or Section 11-81-220 et seq., whichever is applicable to the issuer. The petition shall allege that the issue of industrial revenue bonds proposed by the issuer is not […]
Section 8-6-170 – Short Title.
Section 8-6-170 Short title. This article shall be known and may be cited as the Protection of Vulnerable Adults from Financial Exploitation Act. (Act 2016-141, §1.)
Section 8-6-60 – Place of Office.
Section 8-6-60 Place of office. The Securities Commission and the director thereof shall maintain offices in the capital city of the state, and all records of the commission shall be kept at these offices. (Acts 1969, No. 740, p. 1315, §11.)
Section 8-6-120 – Certificate of Notification; Representation That Industrial Revenue Bonds Have Been Approved Prohibited.
Section 8-6-120 Certificate of notification; representation that industrial revenue bonds have been approved prohibited. In the event that (1) 20 days shall have expired after the filing by an issuer of the notification required by Section 8-6-115 describing proposed industrial revenue bonds to be issued by it, or the director shall have waived, shortened or, […]
Section 8-6-171 – Definitions.
Section 8-6-171 Definitions. In this article, unless the context otherwise requires, the following words and terms shall have the following meanings: (1) AGENT. The same meaning as in subdivision (2) of Section 8-6-2. (2) BROKER-DEALER. The same meaning as in subdivision (3) of Section 8-6-2. (3) COMMISSION. The Alabama Securities Commission. (4) DEPARTMENT. The Department […]
Section 8-6-90 – Short Title.
Section 8-6-90 Short title. This article may be cited as the Securities Ownership by Minors Act. (Acts 1961, No. 1010, p. 1585, §5.)
Section 8-6-121 – Criminal Penalties.
Section 8-6-121 Criminal penalties. Any lessee, any guarantor, or any officer of any issuer, lessee, or guarantor or any other person, firm, or corporation who: (1) Willfully violates this article; (2) Willfully participates in the issuance of any industrial revenue bonds without having obtained the certificate of notification required by Section 8-6-120; (3) Willfully participates […]
Section 8-6-172 – Notification of Department and Commission – Disclosure of Information.
Section 8-6-172 Notification of department and commission – Disclosure of information. If a qualified individual reasonably believes that financial exploitation of a vulnerable adult may have occurred, may have been attempted, or is being attempted, the qualified individual shall promptly notify the department and the commission. (Act 2016-141, §3.)
Section 8-6-91 – Definitions.
Section 8-6-91 Definitions. In this article, unless the context otherwise requires, the following terms shall have the meanings ascribed to them by this section: (1) BANK. A bank, trust company, national banking association, savings bank, or industrial bank. (2) BROKER. A person, including a bank, lawfully engaged in the business of effecting transactions in securities […]