Federal regulations and decisions of federal courts and agencies regarding the exchange of stock for stock of the same corporation will generally be followed in the interpretation of this rule. See also Rule 810-3-1.1-.01, Operating Rules for, Interpretation of federal statutes adopted by the Alabama Legislature.

Author: Verlon R. Frost, Jeff Taylor, Ed Cutter, CPA

Statutory Authority: Code of Ala. 1975, §§40-2A-7(a)(5), 40-18-5, 40-18-8.

History: Amended: June 17, 1988; filed July 27, 1988. Amended: Filed March 4, 1997; effective April 8, 1997. Repealed and New Rule: Filed April 28, 1999; effective June 2, 1999.