(1) Unless a specific rule promulgated herein or a state statute conflicts with the Guidelines, in which case the specific rule or statute will control, NASAA Guidelines, as published, will provide the basis for review of:
- (a) Affiliate Transactions
- (b) Options and Warrants
- (c) Nonvoting Stock
- (d) Cheap Stock
- (e) Oil and Gas Programs
- (f) Real Estate Programs
- (g) Real Estate Investment Trusts
- (h) Equipment Programs
- (i) Commodity Pool Programs
- (2) Other NASAA Guidelines, as published, shall be applied as needed unless such guideline conflicts with a specific rule promulgated herein or a state statute.
Statutory Authority: Code of Ala. 1975, §8-6-23.
History: Filed September 28, 1990.