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 […]
Section 8-6-122 – Article Remedial; Certain Statutes Not Repealed.
Section 8-6-122 Article remedial; certain statutes not repealed. This article is remedial in nature and shall not be construed so as to repeal any provision of Section 8-6-1 et seq. or Section 8-6-50 et seq. (Acts 1978, No. 586, p. 681, §13.)
Section 8-6-173 – Notification of Department and Commission – Liability.
Section 8-6-173 Notification of department and commission – Liability. A qualified individual that in good faith and exercising reasonable care makes a disclosure of information pursuant to Section 8-6-172 shall be immune from administrative or civil liability that might otherwise arise from such disclosure or for any failure to notify. (Act 2016-141, §4.)
Section 8-6-92 – Liability of Bank, Transfer Agent, etc., for Treating Minor as Having Capacity to Exercise Security Rights; Presumption That Holder Not Minor.
Section 8-6-92 Liability of bank, transfer agent, etc., for treating minor as having capacity to exercise security rights; presumption that holder not minor. (a) A bank, broker, issuer, third-party or transfer agent incurs no liability by reason of his treating a minor as having capacity to transfer a security, to receive or to empower others […]
Section 8-6-140 – Definitions.
Section 8-6-140 Definitions. For the purposes of this article, the following words have the following meanings unless the context otherwise requires: (1) BENEFICIARY FORM. A registration of a security which indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security upon […]
Section 8-6-174 – Notification of Certain Third Parties – Disclosure of Information.
Section 8-6-174 Notification of certain third parties – 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 may notify a reasonably associated individual, legal guardian, any third party previously designated by the vulnerable adult, […]
Section 8-6-93 – Minor May Not Disaffirm Security Transaction Unless Prior Written Notice of Minority Given.
Section 8-6-93 Minor may not disaffirm security transaction unless prior written notice of minority given. A minor who has transferred a security, received or empowered others to receive dividends, interest, principal, or other payments or distributions, voted or given consent in person or by proxy or made an election or exercised rights relating to the […]
Section 8-6-141 – Registration – Beneficiary Form.
Section 8-6-141 Registration – Beneficiary form. Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants […]