Section 36-11A-1.4 - Transaction statement definedAs used in this chapter, the term, transaction statement, means a statement, in paper or electronic form, that the entity transferring ownership in a transaction:
(1) Is authorized under federal law;(2) Received the product from a person who is authorized as required under federal law;(3) Received the transaction information and transaction statement from the prior owner of the product, as required by federal law;(4) Did not knowingly ship a suspect or illegitimate product;(5) Had systems and processes in place to comply with verification requirements outlined in federal law;(6) Did not knowingly provide false transaction information; and(7) Did not knowingly alter the transaction history.Added by S.L. 2017, ch. 174,s. 5, eff. 7/1/2017.