The provisions of Sections 27-27-53 through 27-27-55 shall not apply to foreign or domestic arbitrage transactions unless made in contravention of such rules and regulations as the commissioner may adopt in order to carry out the purposes of this chapter.
Ala. Code § 27-27-57
Insider Trading of Domestic Stock Insurer Equity Securities - Applicability of Sections 27-27-53 through 27-27-55.
(Acts 1971, No. 407, p. 707, §553.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.