Alabama § 8-7A-10 Net Worth

Alabama Statutes

§ 8-7A-10 — Net Worth

Alabama·Title 8 Commercial Law and Consumer Protection·Ch. 7A Alabama Monetary Transmission Act

A licensee under this chapter shall maintain a net worth of at least twenty-five thousand dollars ($25,000) determined in accordance with generally accepted accounting principles.

Free access — add to your briefcase to read the full text and ask questions with AI

Alabama § 8-7A-10 (Net Worth) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Act 2017-389, §2.)

Nearby Sections

15

§ 8-1-1

Contracts Restraining Business Void; Exceptions

§ 8-1-100

Consideration for Bidding or Not Bidding at Public Sale Prohibited

§ 8-1-101

Bids on Public Lands Under Agreement to Transfer Same Prohibited

§ 8-1-102

Contracts Violating Sections 8-1-100 and 8-1-101 Void

§ 8-1-103

Selling Improvements on Public Lands by Person Making Same

§ 8-1-120

Definitions

§ 8-1-121

Certain Contracts for Future Delivery Void; Exceptions

§ 8-1-122

Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract

§ 8-1-123

Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract

§ 8-1-124

Contracts for Future Delivery of Cotton Not Made Subject to Federal Statutes Prima Facie Evidence of Void Contract

§ 8-1-125

Making or Assisting in Making Contract for Future Delivery When Actual Delivery Not Intended - Profit Intended to Be Paid in Money on Day of Delivery

§ 8-1-126

Making or Assisting in Making Contract for Future Delivery When Actual Delivery Not Intended - Price Based on Bona Fide Sales on Exchange or Board of Trade Without Making Execution on Exchange or Board of Trade

§ 8-1-127

Futures Contracts Made in Another State

§ 8-1-128

Establishing Office to Engage in Business of “Futures”

§ 8-1-129

Proof of Establishment of Place to Publish Commodities Information Prima Facie Evidence of Guilt

View on official source ↗