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7-8-404
Section 7-8-404 Wrongful registration. (a) Except as otherwise provided in Section 7-8-406,
an issuer is liable for wrongful registration of transfer if the issuer has registered a transfer
of a security to a person not entitled to it, and the transfer was registered: (1) pursuant
to an ineffective indorsement or instruction; (2) after a demand that the issuer not register
transfer became effective under Section 7-8-403(a) and the issuer did not comply with Section
7-8-403(b); (3) after the issuer had been served with an injunction, restraining order, or
other legal process enjoining it from registering the transfer, issued by a court of competent
jurisdiction, and the issuer had a reasonable opportunity to act on the injunction, restraining
order, or other legal process; or (4) by an issuer acting in collusion with the wrongdoer.
(b) An issuer that is liable for wrongful registration of transfer under subsection (a) on
demand shall provide the person entitled to the security with a...
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40-10-77
Section 40-10-77 Defense of action fails on grounds other than that taxes were not due. THIS
SECTION WAS AMENDED BY ACT 2018-494 IN THE 2018 REGULAR SESSION, EFFECTIVE JANUARY 1, 2020.
TO SEE THE AMENDED VERSION, SEE THE VERSION LABELED PENDING. If, in an action brought against
such purchaser or other person claiming under the purchaser to recover possession of lands
sold for taxes, the defendant claims and defends under the tax title and the defense fails
on the ground that such sale was invalid for any reason other than that the taxes were not
due, and the plaintiff recovers, the court shall forthwith, on the motion of the defendant,
ascertain the amount of taxes for which the lands were liable at the time of the sale and
for the payment of which they were sold, with interest thereon from the day of sale, and the
amount of such taxes on the lands, if any, as the defendant or the person under whom he or
she claims has, since such sale, lawfully paid or assumed, in case of the state,...
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16-5-15
Section 16-5-15 Submission of facilities master plans by public institutions of higher education;
review by commission; freeze on construction and acquisitions; prioritization of capital budget
requests; exemption of facilities on military reservation. (a)(1) Each public two-year and
four-year institution of higher education shall submit to the commission a facilities master
plan. The commission shall review the master plans of each institution and shall make known
any concerns and/or recommendations that it may have concerning four-year institutions to
its respective board of trustees or, concerning two-year institutions, to the State Board
of Education. This plan shall include the five-year plan of the institution regarding new
facility construction and acquisition. (2) The initial facilities master plan shall be filed
with the commission prior to January 1, 1997. The plan shall be updated by the institution
annually if changes are desired by the institution. (b) The commission, in...
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19-3-120
Section 19-3-120 Classes of authorized investments; repeal of conflicting statutes. (a) Unless
otherwise authorized or directed by the court having jurisdiction thereof, or by the will,
trust agreement or other document which is the source of authority, a trustee, executor, administrator,
guardian or one acting in any other fiduciary capacity, other than as a trustee governed by
the Alabama Uniform Trust Code, with the exercise of reasonable business prudence, in addition
to any other investments now permitted by law, may invest funds in securities or investments
which, at the time of the making or purchase thereof, are included in one or more of the following
classes: (1) Bonds or other interest-bearing obligations of the United States of America,
or payment of which the United States of America has guaranteed as to both principal and interest.
(2) Bonds issued by the Federal Land Bank, under the act of Congress of the United States
of America, designated as "the Federal Farm Loan...
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28-1-7
Section 28-1-7 Alcoholic Beverage Control Board prohibited from issuing licenses for sale of
intoxicating beverages in Class IV municipalities; exceptions. REPEALED IN THE 2020 REGULAR
SESSION BY ACT 2020-152 EFFECTIVE AUGUST 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) All other provisions of law, rules, or regulations to the contrary notwithstanding, the
Alabama Alcoholic Beverage Control Board shall absolutely have no authority to issue any form
of license in a Class IV municipality organized pursuant to Section 11-44B-1, et seq., including,
but not limited to, on or off-premise consumption licenses, special event or special retail
licenses, restaurant or lounge licenses, club licenses, or other licenses for the retail sale
of any form of intoxicating beverages, including, but not limited to, beer and other forms
of malt beverages, wine, liquor, or other alcoholic beverages regulated by the board, unless
the application therefore has first been approved by the governing...
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15-13-160
Section 15-13-160 Qualifications - Professional bail companies. No professional bail company
shall execute or become surety on any appearance bond in this state, unless it has an order
granting authorization to become professional surety on any bail. The order granting authorization
shall be reissued annually prior to January 1 of each year by the presiding circuit judge
of the county in which the company desires to execute bail or appearance bonds. Prior to the
judge's issuance of the original order and no later than December 1 of each year, thereafter,
professional bail companies shall submit annually to the presiding circuit judge the following:
(1) An original corporate surety bond or escrow agreement, filed and approved by the presiding
circuit judge of the county in which the professional bail company executes or becomes surety
on appearance bonds, in the amount of $25,000, guaranteeing the payment of all sums of money
that may become due by virtue of any judgment absolute that...
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11-3-1
Section 11-3-1 Qualifications of candidates for county commissioner; vacancies; composition
of commission; meetings. (a) Any person who is a qualified elector of the county and has resided
in the county for at least one year prior to the date upon which he or she would take office
is eligible to seek office as county commissioner. In counties where the county commissioners
represent a certain district, any person seeking office as county commissioner shall be a
qualified elector of and reside within the district which he or she seeks to represent upon
election or appointment for at least one year prior to the date that he or she would take
office. Notwithstanding the foregoing, the one-year residency requirement provided above shall
not apply to the first election following any redistricting of county commission districts
in a county. Any person serving as county commissioner, at all times while in office, shall
meet the qualified elector and residency requirements set out herein, and...
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5-17-8
Section 5-17-8 Reports to Administrator of Alabama Credit Union Administration; powers of administrator.
(a) Credit unions shall report to the Administrator of the Alabama Credit Union Administration
at least annually on or before January 31 in such manner and form as required by the administrator
for that purpose. Additional reports may be required. Credit unions shall be examined at least
every 18 months by employees of the administration or by other persons designated by the administrator.
For failure to file reports when due, unless excused for cause by the administrator, the credit
union shall pay to the State Treasurer five dollars ($5) for each day of its delinquency.
(b) If the administrator determines that the credit union is violating this chapter, or is
insolvent, the administrator may suspend operations of the credit union by issuing an order
requiring that the credit union cease operations pending a hearing on the revocation of the
certificate of approval, or the...
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37-14-30
Section 37-14-30 Declaration of findings and policy; relationship to 1984 act. The Legislature
of the State of Alabama has investigated the economic, financial and environmental impact
associated with the potential for duplication of electric distribution facilities used for
the furnishing of retail electric service. It has been determined that with respect to retail
electric sales, the benefit normally associated with competition between two or more entities
for customers is outweighed by the tremendous cost burden which must be borne by such customers
associated with the maintenance of two or more duplicate sets of facilities. It is the further
finding of the legislature that the existence of duplicate facilities for the furnishing of
electricity at retail is not in the public interest because of the adverse impact which such
duplication has on environmental and aesthetic values and on safety. It is therefore declared
that the policy of the State of Alabama is to ensure effective,...
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34-21-2
Section 34-21-2 Board of Nursing generally. (a) There is created the Board of Nursing, which
shall be composed of 13 members to be appointed and have the duties and powers enumerated
in this section. The membership of the board shall be inclusive and reflect the racial, gender,
geographic, urban/rural, and economic diversity of the state. In order to insure continuity
of administration, the nine board members provided for by Section 3 of Act 427, Regular Session
1975, shall continue to serve to the completion of the term for which they are serving. The
Governor, within 60 days of January 1, 1984, shall appoint a tenth member who shall be a licensed
practical nurse for a term of four years from a list of nominees furnished him or her by the
Alabama Federation of Licensed Practical Nurses, Incorporated, or its successor organization.
As the terms of all board members expire, their successors shall be appointed for terms of
four years each. Vacancies in unexpired terms shall be filled in...
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