No provision of this article imposing any liability applies to any act done or omitted in good faith in conformity with any rule, form, or order of the Securities Commission, notwithstanding that the rule or form may later be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Ala. Code § 8-6-24
Liability for Acts Done or Omitted in Good Faith Under Rules, Forms, or Orders.
Known as the Alabama Securities Act
The act spans §§ 8-6-1 to 8-6-9 (31 sections).
(Acts 1959, No. 542, p. 1318, §20; Acts 1990, No. 90-527, p. 772, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.