Any lessee, any guarantor, or any officer of any issuer, lessee, or guarantor or any other person, firm, or corporation who:
shall be guilty of a felony and upon conviction shall be fined not more than $10,000 or shall be imprisoned for a period not exceeding 10 years or both so fined and so imprisoned, as the trial court shall determine. No prosecution under this section shall be commenced more than five years after the occurrence of the alleged violation.
Structure Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Article 5 - Pre-Issuance Procedure for Industrial Revenue Bonds.
Section 8-6-110 - Definitions.
Section 8-6-111 - Legislative Findings; Purpose of Article.
Section 8-6-112 - Powers of Director of Securities Commission.
Section 8-6-113 - Powers of Securities Commission.
Section 8-6-115 - Notifications of Intent to Issue Bonds.
Section 8-6-116 - Action by Director Upon Receipt of Notification; Stop Orders.
Section 8-6-117 - Appeals or References to Securities Commission.
Section 8-6-118 - Proceedings Before Securities Commission.
Section 8-6-119 - Judicial Validation Proceedings.
Section 8-6-121 - Criminal Penalties.
Section 8-6-122 - Article Remedial; Certain Statutes Not Repealed.