Ala. Admin. Code r. 830-X-4-.17

Current through Register Vol. 43, No. 1, October 31, 2024

Section 830-X-4-.17 - Credit Sales Prohibited

There shall be no securities offered or sold on credit or credit terms nor shall the offerer or any related person arrange credit for any purchase of securities. Credit and credit terms as used in this rule include but are not limited to installment contracts, postdated checks, notes and bank endorsements.

Author:

Ala. Admin. Code r. 830-X-4-.17

Filed September 30, 1982. Readopted: Filed November 9, 1983.

Statutory Authority:Code of Ala. 1975, § 8-6-23.