§ 26-2-124 — Immunity from prosecution when testimony is compelled; exception for perjury; waiver of immunity

(a) If any person asks to be excused from attending or
testifying or from producing any books, papers, records,
correspondence, documents or other evidence in connection with
any examination, investigation or hearing the commissioner or
his representative conducts, or in any proceeding or action
before any court or magistrate upon a charge of violation of
this code, on the ground that the testimony or evidence required
of him may tend to incriminate him or subject him to a penalty
or forfeiture, and, notwithstanding, is directed by the
commissioner and the attorney general to give the testimony or
produce the evidence, he shall comply with that direction. The
person shall not thereafter be prosecuted or subjected to any
penalty or forfeiture for or because of any transaction, matter
or thing concerning which he may have testified or produced
evidence, and no testimony given or evidence produced shall be
received against him upon any criminal action, investigation or
proceeding, except that no person so testifying is exempt from
prosecution or punishment for perjury.
(b) Any person may execute, acknowledge and file in the
department a statement expressly waiving the immunity or
privilege in respect to any transaction, matter or thing
specified in the statement. The testimony of that person or the
evidence in relation to the transaction, matter or thing may
then be received or produced before any judge or justice, court,
tribunal, magistrate, grand jury or otherwise, and if so
received or produced the person is not entitled to any immunity
or privileges because of any testimony he gives or evidence he
produces.