Ala. Admin. Code r. 830-X-4-.19

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

Section 830-X-4-.19 - Price Escalation

The price of equity securities after the first offering by the issuer under an order or registration must be justified by:

(a) Market Value;

(b) Book Value, using tangible items only; or

(c) Capitalization of average annual profits covering a period of at least two (2) years without the use of non-recurring items.

Author:

Ala. Admin. Code r. 830-X-4-.19

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

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