No director, officer, agent, or employee of any corporation which is a party to the plan of exchange, except as is expressly provided by the plan filed with the commissioner, shall receive any fee, commission, other compensation, or valuable consideration whatever for in any manner aiding, promoting, or assisting in the promotion of the plan of exchange.
Ala. Code § 27-28-3
Plan for Exchange of Stock, Etc., Between Domestic Stock Insurer and Holding Company - Fees, Etc., for Promotion of Plan.
(Acts 1971, No. 1449, p. 2472.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.