SB127 Alabama 2012 Session

Updated Feb 25, 2026

Summary

Primary Sponsor: Paul Bussman
Republican
Session: Regular Session 2012
Title: Securities Commission, continued until October 1, 2016, pursuant to Sunset Law
Summary: SB127 extends the Alabama Securities Commission's existence and operations through October 1, 2016 under the Sunset Law.
What This Bill Does
It keeps the Alabama Securities Commission active and preserves its current statutes through the extension period. The extension follows the Sunset Committee's recommendation and the Legislature's agreement. The act becomes effective immediately upon passage and governor's approval.

Who It Affects
The Alabama Securities Commission: will continue to exist and operate as the state securities regulator.
People and businesses regulated by the Commission (such as securities brokers, investment advisers, and licensees) and investors: will continue to be governed by existing securities laws and oversight through October 1, 2016.

Key Provisions
Section 1: The Sunset Committee recommends continuance of the Alabama Securities Commission until October 1, 2016.
Section 2: The Commission's existence and functions, as established by the cited code sections, are continued until October 1, 2016, and those code sections are preserved.
Section 3: The Legislature concurs with the Sunset Committee's recommendations.
Section 4: The act becomes effective immediately upon passage and approval by the Governor.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Sunset Law