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https://law.justia.com/codes/alabama/title-8/chapter-2/section-8-2-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 2 - Agency.›Section 8-2-9 - Setoff Against Principal's Claim by Person Having Claim Against Agent Before Notice... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 2 - Agency. › Section 8-2-9 - Setoff Against Principal's Claim by Person Having Claim Against Agent Before Notice of Agency. | Section 8-2-9
Setoff against principal's claim by person having claim against agent before notice of agency.
One who deals with an agent without knowing or having reason to believe that the agent acts as such in the transaction may set off against any claim of the principal arising out of the same all claims which he m... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-1 - Relationship of Joint Makers of Notes, Bills, Etc. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-1 - Relationship of Joint Makers of Notes, Bills, Etc. | Section 8-3-1
Relationship of joint makers of notes, bills, etc.
Joint makers of notes, bills, bonds, or contracts for the payment of money are bound severally and jointly to the payee, transferee, or holder, jointly and severally, for the full amount due; but as between themselves, each is principal to the extent of h... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-2 - Rights of Surety Who Has Paid Debt. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-2 - Rights of Surety Who Has Paid Debt. | Section 8-3-2
Rights of surety who has paid debt.
A surety who has paid his principal's debt is entitled to a transfer of the original and collateral security which the creditor holds; he has all the rights to realize thereon and to reimburse himself to the same extent as the creditor might have done before the surety ... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-3 - Remedies Given Sureties Not Exclusive. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-3 - Remedies Given Sureties Not Exclusive. | Section 8-3-3
Remedies given sureties not exclusive.
The remedies given sureties and cosureties in this chapter are not exclusive of other remedies conferred by statute or existing at common law, but are cumulative and additional.
(Code 1907, §5386; Code 1923, §9545; Code 1940, T. 9, §79.) |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-4 - Tender by Surety Discharges Surety. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-4 - Tender by Surety Discharges Surety. | Section 8-3-4
Tender by surety discharges surety.
The surety may tender to the creditor the amount of his debt and demand that the evidence of and the securities for the same be delivered up to him to be enforced against his principal or cosureties; and a failure of the creditor to comply, when within his power, shall ... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-5 - Rights of Surety Against Principal Upon Payment of Debt. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-5 - Rights of Surety Against Principal Upon Payment of Debt. | Section 8-3-5
Rights of surety against principal upon payment of debt.
Payment by a surety or endorser of a debt past due entitles him to proceed immediately against his principal for the sum paid, with interest thereon, and all legal costs to which he may have been subjected by the default of the principal.
(Code 1907... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-6 - Suretyship May Be Proved by Parol. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-6 - Suretyship May Be Proved by Parol. | Section 8-3-6
Suretyship may be proved by parol.
If the fact of suretyship does not appear on the face of the contract, it may be proved by parol, either before or after the judgment.
(Code 1907, §5389; Code 1923, §9548; Code 1940, T. 9, §82.) |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-7 - Rights of Surety Sued Separately and Paying Judgment. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-7 - Rights of Surety Sued Separately and Paying Judgment. | Section 8-3-7
Rights of surety sued separately and paying judgment.
If the surety is sued separately from his principal, on payment by him of the judgment against him, he shall be entitled to control the judgment and execution against his principal in the same manner as if the judgment and execution were joint; and if ... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-8 - Payments by Surety Pending Action. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-8 - Payments by Surety Pending Action. | Section 8-3-8
Payments by surety pending action.
If the surety pays off the debt pending an action against the principal and himself or against the principal alone, such payment shall operate only to cause the action to proceed for the benefit of such surety, and the judgment may be entered in the name of the original ... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-9 - Contribution by Cosureties. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-9 - Contribution by Cosureties. | Section 8-3-9
Contribution by cosureties.
All the foregoing provisions of this article shall apply to cases where there are more than one surety, so as to enable a surety discharging a joint debt, in whole or in part, either pending the action or after joint or several judgments, to control the same against his cosuret... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-10 - Control of Judgment by Endorser Upon Payment of Debt. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-10 - Control of Judgment by Endorser Upon Payment of Debt. | Section 8-3-10
Control of judgment by endorser upon payment of debt.
(a) Every endorser who shall pay off and discharge the debt on which he is endorser, either pending the action or after judgment, whether the judgment be joint against the principal and all the endorsers or several against such, shall be entitled to c... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-11 - Surety Paying Debt Subrogated to Rights of Creditor. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-11 - Surety Paying Debt Subrogated to Rights of Creditor. | Section 8-3-11
Surety paying debt subrogated to rights of creditor.
A surety who has paid the debt of his principal is subrogated to all the rights of the creditor and, in a controversy with other creditors, ranks in dignity the same as the creditor whose claim is paid.
(Code 1907, §5394; Code 1923, §9553; Code 1940, T... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-12 - When Surety Not to Confess Judgment. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-12 - When Surety Not to Confess Judgment. | Section 8-3-12
When surety not to confess judgment.
No surety, when sued, can confess judgment or suffer judgment to pass by default if the principal debtor, on being notified of the pending action, is willing to defend the action at his own cost and give good and sufficient collateral security to the surety, to be app... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-13 - Surety May Require Creditor to Bring Action Against Principal; Discharge of Surety... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-13 - Surety May Require Creditor to Bring Action Against Principal; Discharge of Surety Upon Failure to Bring Action. | Section 8-3-13
Surety may require creditor to bring action against principal; discharge of surety upon failure to bring action.
(a) A surety upon any contract for the payment of money or for the delivery or payment of personal property may require the creditor or anyone having the beneficial interest in the contract, b... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-14 - Provisions of Chapter Inure to Benefit of Personal Representatives. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-14 - Provisions of Chapter Inure to Benefit of Personal Representatives. | Section 8-3-14
Provisions of chapter inure to benefit of personal representatives.
All the provisions of this chapter inure to the benefit of the personal representatives of the creditor or surety and in favor of sureties and cosureties against the personal representatives of the principal or of a surety.
(Code 1852, §... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-1/section-8-3-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 1 - General Provisions.›Section 8-3-15 - Court in Which Complaints Filed. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 1 - General Provisions. › Section 8-3-15 - Court in Which Complaints Filed. | Section 8-3-15
Court in which complaints filed.
In cases not otherwise provided for in this chapter, complaints must be filed in the circuit court of the county in which the parties, or any of them, against whom the complaint is filed reside or, if they are nonresidents or have no fixed residence in the state, in the c... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-2/section-8-3-30/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 2 - Replevy Bonds.›Section 8-3-30 - When Surety on Replevy Bond May Demand Collateral Security; Seizure of Property if... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 2 - Replevy Bonds. › Section 8-3-30 - When Surety on Replevy Bond May Demand Collateral Security; Seizure of Property if Collateral Not Given; Disposition of Seized Perishable Property. | Section 8-3-30
When surety on replevy bond may demand collateral security; seizure of property if collateral not given; disposition of seized perishable property.
(a) When the principal in any replevy bond is wasting the replevied property or is removing or is about to remove himself or property out of the state, the s... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-3/section-8-3-40/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 3 - Judgments.›Section 8-3-40 - Transfer of Judgment to Surety Upon Payment of Same by Surety. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 3 - Judgments. › Section 8-3-40 - Transfer of Judgment to Surety Upon Payment of Same by Surety. | Section 8-3-40
Transfer of judgment to surety upon payment of same by surety.
(a) Whenever a judgment is obtained by a creditor on a demand to which there are one or more sureties, the sureties may pay such demand, and the same shall be transferred by operation of law to the surety or sureties paying or satisfying such... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-3/section-8-3-41/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 3 - Judgments.›Section 8-3-41 - Issuance of Execution on Judgment Paid by Surety; Collection of Money From Principa... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 3 - Judgments. › Section 8-3-41 - Issuance of Execution on Judgment Paid by Surety; Collection of Money From Principal Debtor or Cosureties. | Section 8-3-41
Issuance of execution on judgment paid by surety; collection of money from principal debtor or cosureties.
(a) If a judgment is entered by any court against a principal debtor and his surety, or against his sureties, and one or more of his sureties shall pay and satisfy the judgment, the same shall be th... |
https://law.justia.com/codes/alabama/title-8/chapter-3/article-3/section-8-3-42/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 3 - Suretyship.›Article 3 - Judgments.›Section 8-3-42 - Sureties Entitled to Summary Judgment Against Principal and Between Each Other. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 3 - Suretyship. › Article 3 - Judgments. › Section 8-3-42 - Sureties Entitled to Summary Judgment Against Principal and Between Each Other. | Section 8-3-42
Sureties entitled to summary judgment against principal and between each other.
Sureties, whether bound on the contract or instrument with the principal debtor as joint or joint and several obligors or promisors, as accommodation drawers, acceptors, or endorsers of a bill of exchange or in any other mann... |
https://law.justia.com/codes/alabama/title-8/chapter-4/section-8-4-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 4 - Bills of Exchange.›Section 8-4-1 - Damages on Protested Bills of Exchange. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 4 - Bills of Exchange. › Section 8-4-1 - Damages on Protested Bills of Exchange. | Section 8-4-1
Damages on protested bills of exchange.
The damages on bills of exchange, inland or foreign, protested for nonacceptance or nonpayment are five percent on the sum drawn for.
(Code 1852, §1537; Code 1867, §1845; Code 1876, §2106; Code 1886, §1771; Code 1896, §885; Code 1907, §5145; Code 1923, §9216; Code 1... |
https://law.justia.com/codes/alabama/title-8/chapter-4/section-8-4-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 4 - Bills of Exchange.›Section 8-4-2 - Damages on Protest for Nonpayment in Place of All Charges Except Costs. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 4 - Bills of Exchange. › Section 8-4-2 - Damages on Protest for Nonpayment in Place of All Charges Except Costs. | Section 8-4-2
Damages on protest for nonpayment in place of all charges except costs.
Damages on protest for nonpayment of bills of exchange are in the place of all charges except costs of protest incurred previous to and at the time of giving notice of nonpayment, but the holder may recover legal interest upon the agg... |
https://law.justia.com/codes/alabama/title-8/chapter-4/section-8-4-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 4 - Bills of Exchange.›Section 8-4-3 - Applicability of Rate of Exchange in Determining Amount Due and Damages for Nonpayme... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 4 - Bills of Exchange. › Section 8-4-3 - Applicability of Rate of Exchange in Determining Amount Due and Damages for Nonpayment. | Section 8-4-3
Applicability of rate of exchange in determining amount due and damages for nonpayment.
(a) If the amount in a bill of exchange specified is expressed in money of the United States, the amount due thereon and the damages allowed for the nonpayment thereof must be ascertained at the time of the demand of p... |
https://law.justia.com/codes/alabama/title-8/chapter-4/section-8-4-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 4 - Bills of Exchange.›Section 8-4-4 - Damages and Charges on Protest for Nonacceptance. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 4 - Bills of Exchange. › Section 8-4-4 - Damages and Charges on Protest for Nonacceptance. | Section 8-4-4
Damages and charges on protest for nonacceptance.
When a bill of exchange is protested for nonacceptance, the same rate of damages is allowed as in the case of a protest for nonpayment; and such damages are in the place of all charges, except costs of protest, incurred previous to and at the time of givin... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-1/section-8-5-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 1 - General Provisions.›Section 8-5-1 - Action on Instrument Issued to Circulate as Money Without Authority; Interest on Sam... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 1 - General Provisions. › Section 8-5-1 - Action on Instrument Issued to Circulate as Money Without Authority; Interest on Same. | Section 8-5-1
Action on instrument issued to circulate as money without authority; interest on same.
Every bill of exchange, note, bond, or instrument of any description, whatever may be its form or device, issued with the intent to circulate as money without authority of law, is an absolute, unconditional promise of t... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-1/section-8-5-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 1 - General Provisions.›Section 8-5-2 - Issuance of Change Bills, etc., by Corporations Prohibited. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 1 - General Provisions. › Section 8-5-2 - Issuance of Change Bills, etc., by Corporations Prohibited. | Section 8-5-2
Issuance of change bills, etc., by corporations prohibited.
No corporation doing business in this state shall pay out, by its agents or officers, any change bills, notes, or paper issued without authority of law, the circulation or passing of which is prohibited by the laws of this state; and if such corp... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-2/section-8-5-20/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 2 - Assignments and Endorsements.›Section 8-5-20 - Bonds, Contracts, Writings for Payment of Money, etc., Assignable by Endorsement. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 2 - Assignments and Endorsements. › Section 8-5-20 - Bonds, Contracts, Writings for Payment of Money, etc., Assignable by Endorsement. | Section 8-5-20
Bonds, contracts, writings for payment of money, etc., assignable by endorsement.
All bonds, writings, and contracts for the payment of money, or other thing, or the performance of any act or duty, are assignable by endorsement so as to authorize an action thereon by each successive endorsee.
(Code 1852,... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-2/section-8-5-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 2 - Assignments and Endorsements.›Section 8-5-21 - Assignment of Future Wages Void. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 2 - Assignments and Endorsements. › Section 8-5-21 - Assignment of Future Wages Void. | Section 8-5-21
Assignment of future wages void.
(a) All assignments made by any person of salaries or wages, to be earned in the future, shall be absolutely void.
(b) The provisions of this section shall also apply to orders given by employees covering the whole or part of future wages.
(Acts 1911, No. 226, p. 370; Cod... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-2/section-8-5-22/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 2 - Assignments and Endorsements.›Section 8-5-22 - Right to Assign Interest in Crops. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 2 - Assignments and Endorsements. › Section 8-5-22 - Right to Assign Interest in Crops. | Section 8-5-22
Right to assign interest in crops.
Nothing in Section 8-5-21 shall be construed to affect the right of the laborer under Section 35-9-37 to assign his interest in a crop.
(Code 1923, §9234; Acts 1935, No. 159, p. 202; Code 1940, T. 39, §203.) |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-2/section-8-5-23/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 2 - Assignments and Endorsements.›Section 8-5-23 - Property Injury Claims Against Railroads Assignable. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 2 - Assignments and Endorsements. › Section 8-5-23 - Property Injury Claims Against Railroads Assignable. | Section 8-5-23
Property injury claims against railroads assignable.
Claims against railroad companies for injuries to property may be assigned in writing, and each successive assignee thereof may bring an action thereon in his own name.
(Code 1876, §2119; Code 1886, §1763; Code 1896, §877; Code 1907, §5159; Code 1923, ... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-2/section-8-5-24/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 2 - Assignments and Endorsements.›Section 8-5-24 - Effect of Transfer of Bill, Note, etc., Given for Purchase Money of Lands. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 2 - Assignments and Endorsements. › Section 8-5-24 - Effect of Transfer of Bill, Note, etc., Given for Purchase Money of Lands. | Section 8-5-24
Effect of transfer of bill, note, etc., given for purchase money of lands.
The transfer of a bond, bill, or note given for the purchase money of lands, whether the transfer be by delivery merely or in writing, expressed to be with or without recourse on the transferor, passes to the transferee the lien o... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-2/section-8-5-25/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 2 - Assignments and Endorsements.›Section 8-5-25 - Contracts, Writings and Paper Circulated as Money Subject to Payments, Setoffs and... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 2 - Assignments and Endorsements. › Section 8-5-25 - Contracts, Writings and Paper Circulated as Money Subject to Payments, Setoffs and Discounts Prior to Notice of Assignment. | Section 8-5-25
Contracts, writings and paper circulated as money subject to payments, setoffs and discounts prior to notice of assignment.
All contracts and writings, except such as are governed by the Uniform Commercial Code, and paper issued to circulate as money, are subject to all payments, setoffs, and discounts h... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-2/section-8-5-26/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 2 - Assignments and Endorsements.›Section 8-5-26 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Cove... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 2 - Assignments and Endorsements. › Section 8-5-26 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Time for Bringing Action Ag... | Section 8-5-26
Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code - Time for bringing action against maker; issuance of execution when judgment obtained; proof of inability of maker to pay judgment.
(a) On all contracts assigned by writing which are not gov... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-2/section-8-5-27/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 2 - Assignments and Endorsements.›Section 8-5-27 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Cove... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 2 - Assignments and Endorsements. › Section 8-5-27 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Extension or Waiver of Time... | Section 8-5-27
Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code - Extension or waiver of time for bringing action by endorser or assignor.
The time for bringing the action, as required by Section 8-5-26, may be extended or waived by the consent of the end... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-2/section-8-5-28/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 2 - Assignments and Endorsements.›Section 8-5-28 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Cove... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 2 - Assignments and Endorsements. › Section 8-5-28 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - When Holder of Contract Exc... | Section 8-5-28
Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code - When holder of contract excused from bringing action, obtaining judgment, etc.
The holder of an endorsed or assigned contract which is not governed by the Uniform Commercial Code is excused... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-2/section-8-5-29/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 2 - Assignments and Endorsements.›Section 8-5-29 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Cove... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 2 - Assignments and Endorsements. › Section 8-5-29 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Applicability of Sections 8... | Section 8-5-29
Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code - Applicability of Sections 8-5-26 through 8-5-28.
All assignments or endorsements in writing of contracts which are not governed by the Uniform Commercial Code, whether regular or irregular,... |
https://law.justia.com/codes/alabama/title-8/chapter-5/article-2/section-8-5-30/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 5 - Nonnegotiable Instruments.›Article 2 - Assignments and Endorsements.›Section 8-5-30 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Cove... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 5 - Nonnegotiable Instruments. › Article 2 - Assignments and Endorsements. › Section 8-5-30 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Costs Recoverable Against A... | Section 8-5-30
Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code - Costs recoverable against assignor or endorser.
The costs in an action against the maker in an assigned or endorsed contract which is not governed by the Uniform Commercial Code are recover... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-1 - Short Title. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-1 - Short Title. | Section 8-6-1
Short title.
This article may be cited as the "Alabama Securities Act."
(Acts 1959, No. 542, p. 1318, §22; Acts 1990, No. 90-527, p. 772, §1.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-2 - Definitions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-2 - Definitions. | Section 8-6-2
Definitions.
When used in this article, unless the context otherwise requires, the following terms shall have the meanings respectively ascribed to them by this section:
(1) COMMISSION or SECURITIES COMMISSION. The securities commission.
(2) AGENT. Any individual other than a dealer who represents a deale... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-3 - Registration and Bonds of Dealers, Agents, Investment Advisers, Etc. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-3 - Registration and Bonds of Dealers, Agents, Investment Advisers, Etc. | Section 8-6-3
Registration and bonds of dealers, agents, investment advisers, etc.
(a) It is unlawful for any person to transact business in this state as a dealer or agent for securities unless he or she is registered under this article. It is unlawful for any dealer or issuer to employ an agent unless the agent is re... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-4 - Registration of Securities - Required; Exceptions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-4 - Registration of Securities - Required; Exceptions. | Section 8-6-4
Registration of securities - Required; exceptions.
It is unlawful for any person to offer or sell any security in this state unless:
(1) It is registered under this article;
(2) The security is exempt from registration under Section 8-6-10; or
(3) The transaction is exempt under Section 8-6-11.
(Acts 1959... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-5 - Registration of Securities - Registration by Notification. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-5 - Registration of Securities - Registration by Notification. | Section 8-6-5
Registration of securities - Registration by notification.
(a) The following securities may be registered by notification, whether or not they are also eligible for registration by coordination under Section 8-6-6:
(1) Any security whose issuer and any predecessors have been in continuous operation for at... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-6 - Registration of Securities - Registration of Certain Securities by Coordination. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-6 - Registration of Securities - Registration of Certain Securities by Coordination. | 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... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-7 - Registration of Securities - Registration by Qualification. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-7 - Registration of Securities - Registration by Qualification. | Section 8-6-7
Registration of securities - Registration by qualification.
(a) Any security may be registered by qualification.
(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 i... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-8 - Registration of Securities - Registration Statement; Conditions Precedent; Bond; Not... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-8 - Registration of Securities - Registration Statement; Conditions Precedent; Bond; Notice of Action; Fees; Quarterly Reports and Financial Statements; Discharge From Super... | Section 8-6-8
Registration of securities - Registration statement; conditions precedent; bond; notice of action; fees; quarterly reports and financial statements; discharge from supervision.
(a) A registration statement on securities may be filed by the issuer, any other person on whose behalf the offering is to be mad... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-9 - Registration of Securities - Denial, Suspension and Revocation of Registration. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-9 - Registration of Securities - Denial, Suspension and Revocation of Registration. | Section 8-6-9
Registration of securities - Denial, suspension and revocation of registration.
The Securities Commission shall issue an order denying effectiveness to, or suspending or revoking the effectiveness of, any registration statement in the sale of securities if it finds that the order is in the public interest... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-10 - Registration of Securities - Exempt Securities. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-10 - Registration of Securities - Exempt Securities. | Section 8-6-10
Registration of securities - Exempt securities.
Sections 8-6-4 through 8-6-9 shall not apply to any of the following securities:
(1) Any security, including a revenue obligation, issued or guaranteed by the United States, any state, any political subdivision of a state, any agency, corporate, or other in... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-11 - Registration of Securities - Exempt Transactions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-11 - Registration of Securities - Exempt Transactions. | Section 8-6-11
Registration of securities - Exempt transactions.
(a) Except as hereinafter in this section expressly provided, Sections 8-6-3 through 8-6-9 shall not apply to any of the following transactions:
(1) Any isolated nonissuer transaction, whether effected through a dealer or not;
(2) Any nonissuer transactio... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-12 - Registration of Securities - Applicability of Provisions of Article; Consent to Ser... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-12 - Registration of Securities - Applicability of Provisions of Article; Consent to Service of Process on Secretary of State. | 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 thi... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-14 - Filing or Registration Not Finding of Truth, Completeness, etc., of Documents; Repr... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-14 - Filing or Registration Not Finding of Truth, Completeness, etc., of Documents; Representations Concerning Effect of Registration or Exemption. | Section 8-6-14
Filing or registration not finding of truth, completeness, etc., of documents; representations concerning effect of registration or exemption.
(a) Neither the fact that an application for registration under Section 8-6-3 or a registration statement under Sections 8-6-5, 8-6-6 or 8-6-7 has been filed, nor... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-15 - Investigations and Subpoenas by Commission. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-15 - Investigations and Subpoenas by Commission. | 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, wh... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-16 - Administrative Cease and Desist Authority to Commission; Injunctive Relief; Appoint... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-16 - Administrative Cease and Desist Authority to Commission; Injunctive Relief; Appointment of Receivers or Conservators for Defendants or Defendants' Assets; Court Ordered... | Section 8-6-16
Administrative cease and desist authority to commission; injunctive relief; appointment of receivers or conservators for defendants or defendants' assets; court ordered rescission, restitution, or disgorgement for violations.
Whenever it appears to the Securities Commission that any person has engaged in... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-17/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-17 - Prohibited Acts Regarding Offer, Sale, or Purchase of Securities. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-17 - Prohibited Acts Regarding Offer, Sale, or Purchase of Securities. | Section 8-6-17
Prohibited acts regarding offer, sale, or purchase of securities.
(a) It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly, to:
(1) Employ any device, scheme, or artifice to defraud;
(2) Make any untrue statement of a material fact or to o... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-18/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-18 - Criminal Penalties for Violations of Article; Enforcement; Scienter. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-18 - Criminal Penalties for Violations of Article; Enforcement; Scienter. | Section 8-6-18
Criminal penalties for violations of article; enforcement; scienter.
(a) A person who willfully violates Section 8-6-3 or Section 8-6-4, upon conviction, shall be guilty of a Class C felony. A person that willfully violates subsection (a), (b), or (c) of Section 8-6-17, upon conviction, shall be guilty o... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-19/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-19 - Civil Liabilities of Sellers, Agents, etc.; Remedies of Purchasers. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-19 - Civil Liabilities of Sellers, Agents, etc.; Remedies of Purchasers. | Section 8-6-19
Civil liabilities of sellers, agents, etc.; remedies of purchasers.
(a) Any person who:
(1) Sells or offers to sell a security in violation of any provision of this article or of any rule or order imposed under this article or of any condition imposed under this article, or
(2) Sells or offers to sell a ... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-21 - Commission Authorized to Swear Out Warrants of Arrest; Liability of Commission for... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-21 - Commission Authorized to Swear Out Warrants of Arrest; Liability of Commission for Warrant. | Section 8-6-21
Commission authorized to swear out warrants of arrest; liability of commission for warrant.
The Securities Commission is authorized and empowered to swear out warrants of arrest against any person violating the criminal provisions of this article, and it shall not be liable in damages or to an action for... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-22/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-22 - Duties of Director; Director Empowered to Swear Out Warrants of Arrest; Liability o... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-22 - Duties of Director; Director Empowered to Swear Out Warrants of Arrest; Liability of Director for Warrant. | Section 8-6-22
Duties of director; director empowered to swear out warrants of arrest; liability of director for warrant.
The Director of the Securities Commission shall keep the records of the commission and generally perform such duties as the commission may direct. When ordered by the commission, he shall be authori... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-23/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-23 - Making, Amending, and Rescinding Rules and Prescribing Forms by Commission. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-23 - Making, Amending, and Rescinding Rules and Prescribing Forms by Commission. | Section 8-6-23
Making, amending, and rescinding rules and prescribing forms by commission.
The Securities Commission may from time to time make, amend, and rescind such rules and prescribe such forms as are necessary and desirable to carry out the provisions of this article. No rules or forms may be made or prescribed ... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-24/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-24 - Liability for Acts Done or Omitted in Good Faith Under Rules, Forms, or Orders. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-24 - Liability for Acts Done or Omitted in Good Faith Under Rules, Forms, or Orders. | Section 8-6-24
Liability for acts done or omitted in good faith under rules, forms, or orders.
No provision of this article imposing any liability applies to any act done or omitted in good faith in conformity with any rule, form, or order of the Securities Commission, notwithstanding that the rule or form may later be... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-25/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-25 - Hearings to Be Public; Requests for Private Hearings. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-25 - Hearings to Be Public; Requests for Private Hearings. | Section 8-6-25
Hearings to be public; requests for private hearings.
Every hearing in an administrative proceeding shall be public unless the Securities Commission, in its discretion, grants a request joined in by all the respondents that the hearing be conducted privately.
(Acts 1959, No. 542, p. 1318, §20; Acts 1990,... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-26/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-26 - Document Deemed Filed When Received. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-26 - Document Deemed Filed When Received. | Section 8-6-26
Document deemed filed when received.
A document is deemed filed when it is received by the Securities Commission.
(Acts 1959, No. 542, p. 1318, §20; Acts 1990, No. 90-527, p. 772, §1.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-27/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-27 - Commission to Keep Register; Register to Be Open for Public Inspection. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-27 - Commission to Keep Register; Register to Be Open for Public Inspection. | Section 8-6-27
Commission to keep register; register to be open for public inspection.
The Securities Commission shall keep a register of all applications for registration and registration statements which are or have ever been effective under this article and all denial, suspension, or revocation orders which have eve... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-28/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-28 - Commission to Furnish Copies of Register Entries or Documents; Certified Copy Deeme... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-28 - Commission to Furnish Copies of Register Entries or Documents; Certified Copy Deemed Prima Facie Evidence. | Section 8-6-28
Commission to furnish copies of register entries or documents; certified copy deemed prima facie evidence.
Upon request and at such reasonable charges as it prescribes, the Securities Commission shall furnish to any person photostatic or other copies, certified under its seal of office if requested, of a... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-29/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-29 - Interpretative Opinions by Commission. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-29 - Interpretative Opinions by Commission. | Section 8-6-29
Interpretative opinions by commission.
(a) The Securities Commission, in its discretion, may honor requests from interested persons for interpretative opinions and no-action letters.
(b) Any person who makes application to the Securities Commission for an interpretative opinion or no-action letter shall ... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-30/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-30 - Burden of Proving Exemption or Exception From Definition. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-30 - Burden of Proving Exemption or Exception From Definition. | Section 8-6-30
Burden of proving exemption or exception from definition.
In any proceeding under this article, the burden of proving an exemption or an exception from a definition is upon the person claiming it.
(Acts 1959, No. 542, p. 1318, §21; Acts 1990, No. 90-527, p. 772, §1.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-31/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-31 - Commission May Issue Warnings to Public and Publish Information Regarding Orders. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-31 - Commission May Issue Warnings to Public and Publish Information Regarding Orders. | Section 8-6-31
Commission may issue warnings to public and publish information regarding orders.
The Securities Commission may issue and give warnings to the public concerning securities being sold in this state and may in its discretion cause to be published information regarding any orders or rules issued by the comm... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-32/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-32 - Party Aggrieved by Order Entitled to Hearing Before Commission; Appeals From Action... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-32 - Party Aggrieved by Order Entitled to Hearing Before Commission; Appeals From Action of Commission. | Section 8-6-32
Party aggrieved by order entitled to hearing before commission; appeals from action of commission.
(a) Any person aggrieved by an order issued under this article shall be entitled to a hearing pursuant to the provisions of the Alabama Administrative Procedure Act (Section 41-22-1 et seq.) pertaining to "... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-1/section-8-6-33/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 1 - General Provisions.›Section 8-6-33 - Disposition of Revenue. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 1 - General Provisions. › Section 8-6-33 - Disposition of Revenue. | Section 8-6-33
Disposition of revenue.
All moneys accruing to or collected by or through the Securities Commission shall be deposited when collected into the State Treasury to the credit of the general fund, unless otherwise provided by law.
(Acts 1959, No. 542, p. 1318, §27; Acts 1969, No. 605, p. 1093, §8; Acts 1971,... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-2/section-8-6-50/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 2 - Securities Commission.›Section 8-6-50 - Created; Duties Generally. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 2 - Securities Commission. › Section 8-6-50 - Created; Duties Generally. | Section 8-6-50
Created; duties generally.
There is created the Alabama Securities Commission, which shall be responsible for the enforcement of laws governing the issuance, sale, and other transactions relative to securities.
(Acts 1969, No. 740, p. 1315, §1.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-2/section-8-6-51/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 2 - Securities Commission.›Section 8-6-51 - Membership; Qualifications and Appointment of Commissioners; Use or Disclosure of C... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 2 - Securities Commission. › Section 8-6-51 - Membership; Qualifications and Appointment of Commissioners; Use or Disclosure of Confidential Information by Commissioners, Employees, etc.; Civil Liability of Comm... | Section 8-6-51
Membership; qualifications and appointment of commissioners; use or disclosure of confidential information by commissioners, employees, etc.; civil liability of commissioners.
(a) The Securities Commission shall consist of the Attorney General of Alabama, the State Superintendent of Banks, the State Supe... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-2/section-8-6-52/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 2 - Securities Commission.›Section 8-6-52 - Terms of Office of Appointed Members; Filling of Vacancies; Reappointment of Member... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 2 - Securities Commission. › Section 8-6-52 - Terms of Office of Appointed Members; Filling of Vacancies; Reappointment of Members. | Section 8-6-52
Terms of office of appointed members; filling of vacancies; reappointment of members.
(a) The Governor shall biennially appoint one Securities Commission member to serve for a term of four years; provided, however, that the Governor shall designate for the initial appointments one member to serve for a t... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-2/section-8-6-53/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 2 - Securities Commission.›Section 8-6-53 - Selection of Chair; Rules for Proceedings; Meetings; Quorum; Records and Reports; A... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 2 - Securities Commission. › Section 8-6-53 - Selection of Chair; Rules for Proceedings; Meetings; Quorum; Records and Reports; Access to Offices and Records; Exercise of Powers of Director. | Section 8-6-53
Selection of chair; rules for proceedings; meetings; quorum; records and reports; access to offices and records; exercise of powers of director.
(a) The Securities Commission shall select a chair and may adopt rules for conducting its proceedings.
(b) The commission shall meet quarterly on a date it desi... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-2/section-8-6-54/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 2 - Securities Commission.›Section 8-6-54 - Compensation of Members. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 2 - Securities Commission. › Section 8-6-54 - Compensation of Members. | Section 8-6-54
Compensation of members.
(a) Each appointed member of the Securities Commission shall be paid $50 per day, for a period not to exceed a total of 60 days in any one calendar year, while engaged in the performance of his duties, and shall receive mileage and per diem as provided by Article 2 of Chapter 7 o... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-2/section-8-6-55/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 2 - Securities Commission.›Section 8-6-55 - Director - Appointment; Duties Generally. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 2 - Securities Commission. › Section 8-6-55 - Director - Appointment; Duties Generally. | Section 8-6-55
Director - Appointment; duties generally.
(a) The Securities Commission shall appoint a full-time director who shall be a career employee subject to the provisions of the Alabama Merit System Law and whose employment may be terminated only for cause.
(b) The director shall administer the provisions of Ar... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-2/section-8-6-56/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 2 - Securities Commission.›Section 8-6-56 - Director - Qualifications; Interest in Banks, etc., Prohibited; Salary. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 2 - Securities Commission. › Section 8-6-56 - Director - Qualifications; Interest in Banks, etc., Prohibited; Salary. | Section 8-6-56
Director - Qualifications; interest in banks, etc., prohibited; salary.
(a) The Director of the Securities Commission shall be a person of good moral character, at least 30 years of age, a resident of Alabama, a member of the Alabama bar and thoroughly familiar with corporate organization, investment ban... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-2/section-8-6-57/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 2 - Securities Commission.›Section 8-6-57 - Deputy Director. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 2 - Securities Commission. › Section 8-6-57 - Deputy Director. | Section 8-6-57
Deputy director.
(a) With the approval of the Securities Commission and subject to the provisions of the Merit System law, the director thereof may designate a deputy director, who shall possess qualifications fixed by the commission with the approval of the personnel department, and who shall perform su... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-2/section-8-6-58/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 2 - Securities Commission.›Section 8-6-58 - Personnel. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 2 - Securities Commission. › 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 commiss... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-2/section-8-6-59/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 2 - Securities Commission.›Section 8-6-59 - Bonds of Director and Employees. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 2 - Securities Commission. › 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 conditio... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-2/section-8-6-60/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 2 - Securities Commission.›Section 8-6-60 - Place of Office. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 2 - Securities Commission. › 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.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-4/section-8-6-90/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 4 - Ownership by Minors.›Section 8-6-90 - Short Title. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 4 - Ownership by Minors. › 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.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-4/section-8-6-91/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 4 - Ownership by Minors.›Section 8-6-91 - Definitions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 4 - Ownership by Minors. › 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 t... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-4/section-8-6-92/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 4 - Ownership by Minors.›Section 8-6-92 - Liability of Bank, Transfer Agent, etc., for Treating Minor as Having Capacity to E... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 4 - Ownership by Minors. › 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 rece... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-4/section-8-6-93/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 4 - Ownership by Minors.›Section 8-6-93 - Minor May Not Disaffirm Security Transaction Unless Prior Written Notice of Minorit... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 4 - Ownership by Minors. › 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 ... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-4/section-8-6-94/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 4 - Ownership by Minors.›Section 8-6-94 - Right of Minor to Receive Dividends, Etc. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 4 - Ownership by Minors. › Section 8-6-94 - Right of Minor to Receive Dividends, Etc. | Section 8-6-94
Right of minor to receive dividends, etc.
A minor may receive in his own right dividends or other moneys in respect to any securities standing in his name on the books of a corporation, bank, or business trust, and such receipt shall constitute a valid and sufficient release and discharge of the corporat... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-4/section-8-6-95/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 4 - Ownership by Minors.›Section 8-6-95 - Certain Laws Not Affected by Article. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 4 - Ownership by Minors. › Section 8-6-95 - Certain Laws Not Affected by Article. | Section 8-6-95
Certain laws not affected by article.
Nothing in this article shall be construed to repeal or in any way affect Sections 10-6-1 through 10-6-4.
(Acts 1961, No. 1010, p. 1585, §7.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-110/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-110 - Definitions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › Section 8-6-110 - Definitions. | Section 8-6-110
Definitions.
The following words and phrases, as used in this article, shall have the following meanings:
(1) AUTHORIZING ACT. Any of the following statutes or acts:
a. Any of the following sections, as amended: Section 11-20-1 et seq., relating to industrial revenue bonds to be issued by counties; Sect... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-111/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-111 - Legislative Findings; Purpose of Article. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › Section 8-6-111 - Legislative Findings; Purpose of Article. | Section 8-6-111
Legislative findings; purpose of article.
(a) The Legislature finds and determines that unscrupulous promoters may take advantage of the authorizing act by inducing issuers to issue industrial revenue bonds which careful investigation by the issuer or other responsible parties would reveal to be improvi... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-112/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-112 - Powers of Director of Securities Commission. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › Section 8-6-112 - Powers of Director of Securities Commission. | Section 8-6-112
Powers of director of Securities Commission.
(a) The director shall have authority to:
(1) Consider and investigate proposed issues of industrial revenue bonds;
(2) Advise and consult with issuers with respect thereto;
(3) Publish such notices of proposed issues of industrial revenue bonds or proposed r... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-113/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-113 - Powers of Securities Commission. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › Section 8-6-113 - Powers of Securities Commission. | Section 8-6-113
Powers of Securities Commission.
(a) The commission may:
(1) Stop the issuance of industrial revenue bonds under the procedures provided in this article.
(2) Issue rules and regulations necessary or desirable to prescribe the form and content of notifications, the conduct of investigations, the issuance... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-115/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-115 - Notifications of Intent to Issue Bonds. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › Section 8-6-115 - Notifications of Intent to Issue Bonds. | Section 8-6-115
Notifications of intent to issue bonds.
On and after May 27, 1978, any issuer proposing to issue any industrial revenue bonds under authority of the authorizing act shall, at least 20 days prior to the date of delivery of the industrial revenue bonds, deliver to the director a notification in writing of... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-116/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-116 - Action by Director Upon Receipt of Notification; Stop Orders. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › Section 8-6-116 - Action by Director Upon Receipt of Notification; Stop Orders. | Section 8-6-116
Action by director upon receipt of notification; stop orders.
Upon receipt of a notification, the director shall cause a preliminary investigation or inquiry to be made into the proposed issue to determine whether there exist circumstances which, in his or her opinion, indicate that the proposed issue o... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-117/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-117 - Appeals or References to Securities Commission. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › Section 8-6-117 - Appeals or References to Securities Commission. | Section 8-6-117
Appeals or references to Securities Commission.
When a stop order has been issued by the director, the issuer shall have the right to appeal the matter to the commission by notice in writing of such appeal delivered to the director. The director shall have the right to refer to the commission the matter... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-118/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-118 - Proceedings Before Securities Commission. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › 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 commis... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-119/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-119 - Judicial Validation Proceedings. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › 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 industria... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-120/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-120 - Certificate of Notification; Representation That Industrial Revenue Bonds Have Bee... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › 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 ... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-121/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-121 - Criminal Penalties. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › 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 noti... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-5/section-8-6-122/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.›Section 8-6-122 - Article Remedial; Certain Statutes Not Repealed. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds. › 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.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-140/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-140 - Definitions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › 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 t... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-141/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-141 - Registration - Beneficiary Form. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › 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 register... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-142/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-142 - Registration - Authorization. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › Section 8-6-142 - Registration - Authorization. | Section 8-6-142
Registration - Authorization.
A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of the issuer or registering entity, the location of the registering entity's principal office, the office of its transfer agent or its offic... |
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