Alabama § 8-7A-17 Orders to Cease and Desist and Other Injunctive or Civil Relief

Alabama Statutes

§ 8-7A-17 — Orders to Cease and Desist and Other Injunctive or Civil Relief

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

(a)If the commission determines that any person has engaged in or is about to engage in any act or practice constituting a violation of this chapter or a rule adopted or an order issued under this chapter, the commission, in its discretion, may do any of the following:

(1)Issue an order, with or without a prior hearing or notice, against the person or persons engaged in the act or practice, directing them to cease and desist from engaging in the act or practice.

(2)Issue an order appointing a receiver or conservator over a respondent or the respondent’s assets.

(3)Order restitution or disgorgement against any person who has violated this chapter or any rule adopted or order issued pursuant to this chapter.

(4)Bring an action in any court of competent jurisdiction to enjoin an act or p

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(a) If the commission determines that any person has engaged in or is about to engage in any act or practice constituting a violation of this chapter or a rule adopted or an order issued under this chapter, the commission, in its discretion, may do any of the following:
(1) Issue an order, with or without a prior hearing or notice, against the person or persons engaged in the act or practice, directing them to cease and desist from engaging in the act or practice.
(2) Issue an order appointing a receiver or conservator over a respondent or the respondent’s assets.
(3) Order restitution or disgorgement against any person who has violated this chapter or any rule adopted or order issued pursuant to this chapter.
(4) Bring an action in any court of competent jurisdiction to enjoin an act or practice and to enforce compliance with this chapter or any rule adopted or order issued hereunder. Upon a proper showing, the court may issue a temporary restraining order or permanently enjoin any unlawful act or practice.
(b) The commission shall not be required to post a bond.

Alabama § 8-7A-17 (Orders to Cease and Desist and Other Injunctive or Civil Relief) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.