Section 830-X-1-.01 - Organization (Alabama Administrative Code)

§ 830-X-1-.01. Organization

The Alabama Securities Commission is organized pursuant to Act No. 740 (1969 Regular Session) as codified in Code of Ala. 1975, §§ 8-6-50 through 60. Its members consist of the State Superintendent of Banks, the State Commissioner of Insurance, the Attorney General of Alabama and two members appointed by the Governor, by and with the advice and consent of the Senate, from lists of nominees submitted by the Alabama Bar Association and the Alabama Society of Certified Public Accountants. The Commission is charged with the enforcement of laws governing the issuance, sale and other transactions relative to securities.

Author:

(Filed September 30, 1982. Readopted: Filed November 9, 1983.)

Statutory Authority: Code of Ala. 1975, §§ 8-6-50 through 8-6-60.

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