SB203 Alabama 2018 Session
Bill Summary
Under existing law, a person may not transact business in the state as a dealer or agent for securities unless he or she is registered with the Alabama Securities Commission.
Also under existing law, a person may not offer or sell any security in the state unless the security is registered with the commission or is statutorily exempt from registration.
This bill would increase the initial and renewal registration fee for an agent and for an investment adviser representative.
This bill would also add a bracket to its filing fee tier structure for an open-end management investment company that, by paying the filing fee, allows the company to issue certain securities exempt from registration by the commission.
Relating to securities; to amend Sections 8-6-3 and 8-6-10, Code of Alabama 1975; to increase the registration fee for an agent and for an investment adviser representative; and to add a bracket to the filing fee tier structure for open-end management companies that issue securities that are exempt from registration by the Alabama Securities Commission.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 13, 2018 | S | Assigned Act No. 2018-275. |
| March 13, 2018 | H | Signature Requested |
| March 13, 2018 | S | Enrolled |
| March 13, 2018 | S | Passed Second House |
| March 13, 2018 | H | Motion to Read a Third Time and Pass adopted Roll Call 718 |
| March 13, 2018 | H | Third Reading Passed |
| March 1, 2018 | H | Read for the second time and placed on the calendar |
| February 20, 2018 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
| February 20, 2018 | S | Motion to Read a Third Time and Pass adopted Roll Call 434 |
| February 20, 2018 | S | Third Reading Passed |
| February 1, 2018 | S | Read for the second time and placed on the calendar |
| January 23, 2018 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB203 Alabama 2018 Session - Introduced |
Source: Alabama Legislature