Chapter 26 - Alabama Athlete Agents Regulatory Act.

Chapter 26 - Alabama Athlete Agents Regulatory Act.

Section 8-26-1 - Short title.
Section 8-26-1.1 - Legislative findings.
Section 8-26-2 - Definitions.
Section 8-26-3 - Alabama Athlete Agent Regulatory Commission created; members; terms of office; vacancies; reappointment; oath; removal; officers; quorum; records; annual register; employees, rules and regulations; compensation and expenses.
Section 8-26-4 - Registration of athlete agents required.
Section 8-26-5 - Application for registration.
Section 8-26-6 - Evaluation of applicant and principal place of business.
Section 8-26-7 - Grounds for refusal to grant registration; notice of refusal and opportunity for hearing; hearing procedure; determination of commission; appeals; effective date of orders and judgments.
Section 8-26-8 - Revocation or suspension of registration; procedure; reinstatement.
Section 8-26-9 - Duration of registration; renewal application, bond, and fee.
Section 8-26-10 - Temporary or provisional registration.
Section 8-26-11 - Disclosure of names and addresses of financially interested persons.
Section 8-26-12 - Filing and registration fees.
Section 8-26-13 - Setting of fees by commission.
Section 8-26-14 - Surety bond - Requirement; amount; malpractice coverage in lieu of bond; certificate of deposit payable to commission or savings account assigned to commission in lieu of bond.
Section 8-26-15 - Surety bond - To whom payable; conditions; damages not limited to amount of bond, etc.
Section 8-26-16 - Surety bond - Suspension for failure to maintain coverage.
Section 8-26-17 - Disposition of moneys and fines collected; Alabama Athlete Agent Regulatory Commission Fund.
Section 8-26-18 - Contents of registration.
Section 8-26-19 - Applicability of registration.
Section 8-26-20 - Certificate of convenience where registered person has died, been declared incompetent, or for whose estate a conservator has been appointed.
Section 8-26-21 - Eligibility for certificate of convenience; duration and renewal of certificate.
Section 8-26-22 - Contracts - Approved form and content; agent to register presence on campus, etc.; notice of negotiations, etc.; contract requirements; rescission; penalties.
Section 8-26-23 - Contracts — Statement that amateur standing may be jeopardized.
Section 8-26-24 - Limit on athlete agent's fee.
Section 8-26-25 - Trust fund where athlete agent is recipient of athlete's salary.
Section 8-26-26 - Records to be kept by athlete agent.
Section 8-26-27 - Maintenance of financial and business records; access to records by commission; subpoena power.
Section 8-26-28 - Rules and regulations.
Section 8-26-29 - Sale or transfer of athlete agent's interest in profits of the athlete agent.
Section 8-26-30 - Interest in entity directly involved in same sport prohibited.
Section 8-26-31 - Disclosure of athlete agent's interest in entity used in giving investment advice.
Section 8-26-32 - Contracts in violation of law.
Section 8-26-33 - Publication of false, fraudulent, etc., information; advertisements of athlete agent; false information or promises concerning employment.
Section 8-26-34 - Division of fees with professional sports league prohibited; offers of compensation to university employees for referrals; employee of union or players association may not have interest in revenues.
Section 8-26-35 - Limit on athlete agent's fee where athlete fails to procure or be paid for employment.
Section 8-26-36 - Parties to action against athlete agent; transfer and assignment of action; jurisdiction determined by damages claimed.
Section 8-26-37 - Service of process where athlete agent departs state with intent to defraud or avoid service.
Section 8-26-38 - Referral of disputes to commission; appeal; certification that no controversy exists.
Section 8-26-39 - Validity of provisions as to arbitration, existence of contract, validity, construction, performance, nonperformance, breach, operation, continuance, or termination.
Section 8-26-40 - Effect of failure to comply with Section 8-26-4.
Section 8-26-41 - Penalties for violation of chapter.

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