(1) As used in the Rules and Regulations prescribed by the Commission pursuant to Title 8, Chapter 6, Section 23, Code of Ala. 1975, unless the context otherwise specifically requires:
- (a) The term Act means the Alabama Securities Act as cited by Chapter 6, Section 1, Title 8, Code of Ala. 1975.
- (b) The term Section refers to a section of the Alabama Securities Act.
- (c) The term Rules and Regulations refers to all rules and regulations adopted by the Commission pursuant to the Act, including forms for registration and reports and the accompanying instructions thereto.
- (2) Unless otherwise specifically stated, the terms used in the Rules and Regulations shall have the meaning defined in the Act.
- (3) A rule or regulation which defines a term without express reference to the Act or to the Rules and Regulations,or to a portion thereof, defines such term for all purposes as used both in the Act and in the Rules and Regulations.
Statutory Authority: Code of Ala. 1975, § 8-6-23.
History: Filed September 30, 1982. Readopted: Filed November 9, 1983. Amended: Filed September 28, 1990.