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93 chapters · 1,453 sections in this title.
Ala. Code § 27-27-54 Insider Trading of Domestic Stock Insurer Equity Securities - Recovery of Certain Profits by Company
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For the purpose of preventing the unfair use of information which may have been obtained by such beneficial owner, director, or officer by reason of his relationship to such company, any profit realized by him from any purchase and sale or any sale and purchase, of any equity sec…
Ala. Code § 27-27-55 Insider Trading of Domestic Stock Insurer Equity Securities - Unlawful Sales
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It shall be unlawful for any such beneficial owner, director, or officer, directly or indirectly, to sell any equity security of such company if the person selling the security or his principal: (1) Does not own the security sold; or (2) If owning the security, does not deliver i…
Ala. Code § 27-27-56 Insider Trading of Domestic Stock Insurer Equity Securities - Exemptions from Sections 27-27-54 and 27-27-55; Prescription of Terms and Conditions Thereon
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The provisions of Section 27-27-54 shall not apply to any purchase and sale or sale and purchase and the provisions of Section 27-27-55 shall not apply to any sale of an equity security of a domestic stock insurance company not then, or theretofore, held by him in an investment a…
Insider Trading of Domestic Stock Insurer Equity Securities - Applicability of Sections 27-27-53 through 27-27-55
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The provisions of Sections 27-27-53 through 27-27-55 shall not apply to foreign or domestic arbitrage transactions unless made in contravention of such rules and regulations as the commissioner may adopt in order to carry out the purposes of this chapter. (Acts 1971, No. 407, p. …