Ala. Admin. Code r. 770-X-10-.04-.04

Current through Register Vol. 43, No. 02, November 27, 2024

Section 770-X-10-.04-.04 - Brokers

No person shall engage in the business of a broker, as defined by the Alabama Motor Carrier Act, as amended, unless and until said person shall have furnished a bond or other security approved by the Commission in an amount of not less than $10,000.00, and in such form as will insure the financial responsibility of such broker and the supplying of authorized transportation in accordance with the contracts, agreements, or arrangements therefore.

Ala. Admin. Code r. 770-X-10-.04-.04

Effective January 1978. Amended January 1981. Amended January 1996. Amended August 2003. Filed with LRS February 5, 2013. Filed for Codification in the Alabama Administrative Code by the Alabama Public Service Commission on February 5, 2013, pursuant to Code of Ala. 1975, § 41-22-7.

Author: Alabama Public Service Commission

Statutory Authority:Code of Ala. 1975, §§ 37-3-5, 37-3-7, 37-3-15.