Ala. Admin. Code r. 281-2-1-.12 - Offering Materials
Current through Register Vol. 40, No. 6, March 31, 2022
Any offering materials involving the sale of securities of the CAPCO must include the following statement:
"By authorizing the formation of a CAPCO, the State of Alabama does not endorse the quality of management or the potential for earnings of the company and is not liable for damages or losses to a certified investor in the company. Use of the word "certified" in an offering does not constitute a recommendation or endorsement of the investment by the ADO of public accounts. If applicable provisions of law are violated, the State of Alabama may require forfeiture of unused premium tax credits and repayments of used premium tax credits."
F. Neal Wade
Statutory Authority: Code of Ala. 1975, as amended; Act 2002-429.
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