{"data":{"id":"us-al/ala.-code-8-6-4","jurisdiction":"us-al","citation":"Ala. Code § 8-6-4","heading":"Registration of Securities - Required; Exceptions.","body":"It is unlawful for any person to offer or sell any security in this state unless:\n(1) It is registered under this article;\n(2) The security is exempt from registration under Section 8-6-10; or\n(3) The transaction is exempt under Section 8-6-11.","path":["Title 8 Commercial Law and Consumer Protection.","Chapter 6 Securities.","Article 1 General Provisions."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=8-6-4","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"1fcdc71749f54b41a1804c2a269afa0f25e83eac1ef72a822dccd2530ea1f091","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-8-6-3","next":"us-al/ala.-code-8-6-5"},"notice":"GroundRules: Original legal text. Not legal advice."}