Alabama Code 10A-20-7.23. Applicability of laws regulating securities
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 10A-20-7.23
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
The provisions of Title 8 and any other laws of this state regulating the issue, registration, and sale of securities shall not apply to any security issued by a corporation organized under this article.