Section 10A-20-7.23

Applicability of laws regulating securities.

The provisions of Title 8 and any other laws of this state regulating the issue, registration, and sale of securities shall not apply to any security issued by a corporation organized under this article.

(Acts 1969, No. 322, p. 681, §21; §10-4-152; amended and renumbered by Act 2009-513, p. 967, §336.)