|
8-6-12
Section 8-6-12 Registration of securities - Applicability of provisions of article;
consent to service of process on Secretary of State. (a) The provisions of this article shall
apply to persons who sell or offer to sell when (1) an offer to sell is made in this state,
or (2) an offer to buy is made and accepted in this state. (b) The provisions of this article
shall apply to persons who buy or offer to buy when (1) an offer to buy is made in this state,
or (2) an offer to sell is made and accepted in this state. (c) An offer to sell or to buy
is made in this state, whether or not either party is then present in this state, when the
offer (1) originates from this state, or (2) is directed by the offeror to this state and
received at the place to which it is directed (or at any post office in this state in the
case of a mailed offer). (d) An offer to buy or to sell is accepted in this state when acceptance
(1) is communicated to the offeror in this state, and (2) has not previously been...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-6-12.htm - 3K - Match Info - Similar pages
8-6-6
Section 8-6-6 Registration of securities - Registration of certain securities by coordination.
(a) Any security for which a registration statement has been filed under the Securities Act
of 1933 in connection with the same offering may be registered by coordination. (b) A registration
statement under this section shall contain the following information and be accompanied
by the following documents, in addition to payment of the registration fee prescribed in Section
8-6-8: (1) Two copies of the prospectus filed under the Securities Act of 1933, together with
all amendments thereto; (2) If the Securities Commission requests, any other information or
copies of any other documents filed under the Securities Act of 1933; (3) The amount of securities
to be offered in this state; (4) The states in which a registration statement or similar document
in connection with the offering has been or is expected to be filed; (5) Any adverse order
or judgment previously entered in connection with the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-6-6.htm - 4K - Match Info - Similar pages
8-6-15
Section 8-6-15 Investigations and subpoenas by commission. (a) The Securities Commission,
in its discretion, may: (1) Make such public or private investigations within or outside of
this state as he deems necessary to determine whether any registration in the sale of securities
should be granted, denied, or revoked, whether any person has violated or is about to violate
any provision of this article or any rule or order hereunder, to aid in the enforcement of
this article or in the prescribing of rules and forms hereunder; (2) Require or permit any
person to file a statement in writing, under oath, or otherwise as the commission may determine,
as to all the facts and circumstances concerning the matter to be investigated; and (3) Publish
information concerning any violation of this article or any rule or order hereunder. (b) For
the purpose of any investigation or proceeding under this article, the Securities Commission
or any officer designated by it may administer oaths and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-6-15.htm - 2K - Match Info - Similar pages
27-10-53
Section 27-10-53 Defense of action or proceeding by insurer. (a) Before an unauthorized
insurer shall file, or cause to be filed, any pleading in any action or proceeding instituted
against it under Sections 27-10-51 and 27-10-52, such insurer shall: (1) Procure a certificate
of authority to transact insurance in this state; or (2) Deposit with the clerk of the court
in which such action or proceeding is pending cash or securities or file with such clerk a
bond with good and sufficient sureties, to be approved by the court, in an amount to be fixed
by the court sufficient to secure the payment of any final judgment which may be entered in
such action. The court may, in its discretion, make an order dispensing with such deposit
or bond where the insurer makes a showing satisfactory to the court that it maintains in a
state of the United States funds or securities, in trust or otherwise, sufficient and available
to satisfy any final judgment which may be entered in such action or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-10-53.htm - 2K - Match Info - Similar pages
8-7A-19
Section 8-7A-19 Civil penalties. (a) The commission may assess a civil penalty against
a person that violates this chapter or a rule adopted or an order issued under this chapter
in an amount not to exceed one thousand dollars ($1,000) per day for each day the violation
is outstanding. (b) In addition to the assessment in subsection (a), the commission may assess
a charge for the actual cost of any investigation resulting from any violation of this chapter,
a violation of any rule or order issued under this chapter, or the cost of any examination
made by the commission pursuant to this chapter, to the person or persons subject to such
investigation or examination. All assessments collected under this subsection shall be deposited
in the Alabama Securities Commission Fund in the State Treasury to be drawn upon by the commission
for its use in administration of this chapter. (Act 2017-389, ยง2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-7A-19.htm - 1K - Match Info - Similar pages
27-43-9
Section 27-43-9 Bond or deposit requirements. (a) To assure the faithful performance
of its obligations in the event of insolvency, each corporation authorized under Section
27-43-8 shall, through the commissioner, deposit and maintain with the Treasurer of the State
securities of the type eligible for deposit by insurers under Section 27-6-3, which
securities shall have at all times a market value as follows: (1) An insurer which has transacted
no legal expense insurance in this state prior to January 1, 1982, shall, prior to the issuance
of its certificate of authority and before receiving any premiums, place in trust with the
Treasurer of the State, through the commissioner an initial amount of $50,000.00; (2) An insurer
transacting a legal expense insurance business in this state prior to January 1, 1982, and
having in force in this state less than $300,000.00 of gross written premiums, membership
fees, or similar charges shall place in trust with the Treasurer of the State,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-43-9.htm - 4K - Match Info - Similar pages
22-21-370
Section 22-21-370 Posting of securities or surety bond; custody of securities; exemption
from taxation; release of securities or bond; modification orders; hearing; effect of failure
to comply. (a) To assure the faithful performance of its obligations in the event of insolvency
each dental service corporation authorized under Section 22-21-364 shall, through the
commissioner, deposit and maintain with the Treasurer of the State Securities of the type
eligible for deposit by insurers under Section 27-6-3, which securities shall have
at all times a market value as follows: (1) A corporation which has operated no dental service
plan in this state prior to January 1, 1983, shall, prior to the issuance of its certificate
of authority and before receiving any subscription payments, place in trust with the Treasurer
of the State, through the commissioner an initial amount of $50,000.00; (2) A corporation
operating a dental service plan business in this state prior to January 1, 1983, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-370.htm - 4K - Match Info - Similar pages
40-12-220
Section 40-12-220 Definitions. For purposes of this article, the following terms shall
have the respective meanings ascribed by this section: (1) BUSINESS. All activities
engaged in, or caused to be engaged in, by any person with the object of gain, profit, benefit,
or advantage, either direct or indirect to such person. (2) COMMISSIONER. The Commissioner
of Revenue of the state. (3) DEPARTMENT. The Department of Revenue of the state. (4) GROSS
PROCEEDS. The value proceeding or accruing from the leasing or rental of tangible personal
property, including any license or privilege taxes passed on to a lessee by a lessor, without
any deduction on account of the cost of the property so leased or rented, the cost of materials
used, labor or service cost, interest paid, or any other expense whatsoever, and without any
deductions on account of loss, and shall also include on the part of any person claiming exemption
under subdivision (4) of Section 40-12-223 an amount equal to the amount of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-12-220.htm - 2K - Match Info - Similar pages
20-2-93
Section 20-2-93 Forfeitures; seizures. (a) The following are subject to forfeiture:
(1) All controlled substances which have been grown, manufactured, distributed, dispensed,
or acquired in violation of any law of this state; (2) All raw materials, products, and equipment
of any kind which are used or intended for use in manufacturing, cultivating, growing, compounding,
processing, delivering, importing, or exporting any controlled substance in violation of any
law of this state; (3) All property which is used or intended for use as a container for property
described in subdivision (1) or (2) of this subsection; (4) All moneys, negotiable instruments,
securities, or other things of value furnished or intended to be furnished by any person in
exchange for a controlled substance in violation of any law of this state; all proceeds traceable
to such an exchange; and all moneys, negotiable instruments, and securities used or intended
to be used to facilitate any violation of any law of this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/20-2-93.htm - 8K - Match Info - Similar pages
27-27-7
Section 27-27-7 Solicitation permit - Issuance; contents; compliance with terms. (a)
Upon the filing of any bond required by Sections 27-27-10 or 27-27-16, after notice by the
commissioner provided for in subsection (a) of Section 27-27-6, or upon his decision
to grant a solicitation permit if such a bond is not so required, the commissioner shall issue
to the applicant or to the newly formed corporation, if the application is on behalf of a
newly formed incorporated domestic insurer, a solicitation permit. Every solicitation permit
issued by the commissioner shall contain provisions in substance as follows: (1) State the
securities or other rights or interests for which subscriptions are to be solicited, the number,
classes, par value, and selling price thereof, or identify the insurance contract, or contracts,
for which applications and advance premiums or deposits of premium are to be solicited in
the case of mutual or reciprocal insurers; (2) Require that any particular class of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-7.htm - 5K - Match Info - Similar pages
|