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2019 Code of Alabama
Title 27 - Insurance.
Chapter 27 - Organization and Corporate Procedures of Stock and Mutual Insurers.
Section 27-27-58 - Insider trading of domestic stock insurer equity securities - Equity securities - Defined.
Universal Citation: AL Code § 27-27-58 (2019)
Section 27-27-58Insider trading of domestic stock insurer equity securities - Equity securities - Defined.
The term "equity security," when used in this chapter, means any stock or similar security or any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security, or any such warrant or right or any other security which the commissioner shall deem to be of similar nature and consider necessary or appropriate, by such rules and regulations as he may prescribe in the public interest or for the protection of investors, to treat as an equity security.
(Acts 1971, No. 407, p. 707, §554.)
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