Section 8-6-150 – Short Title; Construction.
Section 8-6-150 Short title; construction. (a) This article shall be known as and may be cited as the Uniform TOD Security Registration Act. (b) This article shall be liberally construed and applied to promote its underlying purposes and policy and to make uniform the laws with respect to the subject of this article among states […]
Section 8-6-58 – Personnel.
Section 8-6-58 Personnel. (a) The Director of the Securities Commission shall prepare in writing a manual of necessary employee positions for the commission, including job classifications, personnel qualifications, duties, maximum and minimum salary schedules, and other personnel information for approval by the commission. (b) Subject to the provisions of the Merit System law, the director […]
Section 8-6-118 – Proceedings Before Securities Commission.
Section 8-6-118 Proceedings before Securities Commission. When the matter of any proposed industrial revenue bond issue has been appealed by the issuer to the commission or referred to the commission by the director with the request that the commission issue a permanent stop order, the director shall convene the commission. The commission shall conduct a […]
Section 8-6-151 – Application.
Section 8-6-151 Application. This article applies to registrations of securities in beneficiary form made before or after August 1, 1997, by decedents dying on or after August 1, 1997. (Acts 1997, No. 97-703, p. 1451, §12.)
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 […]