Section 8-6-4 - Registration of securities - Required; exceptions.

AL Code § 8-6-4 (2019) (N/A)
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It is unlawful for any person to offer or sell any security in this state unless:

(1) It is registered under this article;

(2) The security is exempt from registration under Section 8-6-10; or

(3) The transaction is exempt under Section 8-6-11.