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32-8-62
Section 32-8-62 Procedure when owner creates security interest. If an owner creates a security
interest in a vehicle: (1) The owner shall immediately execute the application in the space
provided therefor on the certificate of title, or on a separate form the department prescribes
to name the lienholder on the certificate showing the name and address of the lienholder and
the date of his security agreement, and cause the certificate, application and the required
fee to be delivered to the lienholder. (2) The lienholder shall immediately cause the certificate,
application and required fee to be mailed or delivered to the department. (3) Upon request
of the owner or subordinate lienholder, a lienholder in possession of the certificate of title
shall either mail or deliver the certificate to the subordinate lienholder for delivery to
the department, or, upon receipt from the subordinate lienholder of the owner's application
and the required fee, mail or deliver them to the department with...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-8-62.htm - 1K - Match Info - Similar pages
32-20-44
Section 32-20-44 Satisfaction. (a) Upon the satisfaction of a security interest in a manufactured
home for which the certificate of title is in the possession of the lienholder, he or she,
within 10 days after demand, shall execute a release of his or her security interest, in the
space provided therefor on the certificate or as the department prescribes, and mail or deliver
the certificate and release to the next lienholder named therein, or, if none, to the owner
or any person who delivers to the lienholder an authorization from the owner to receive the
certificate. The owner, other than a dealer holding the manufactured home for resale, shall
promptly cause the certificate and release to be mailed or delivered to the department, which
shall release the lienholder's rights on the certificate or issue a new certificate. (b) Upon
the satisfaction of a security interest in a manufactured home for which the certificate of
title is in the possession of a prior lienholder, the lienholder...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-20-44.htm - 2K - Match Info - Similar pages
32-8-45
Section 32-8-45 Transfer of ownership - To or from dealer; records. (a) If a dealer buys a
vehicle and holds it for resale and procures the certificate of title from the owner or the
lienholder within 15 days after delivery to him of the vehicle, he need not send the certificate
to the department but, upon transferring the vehicle to another person other than by the creation
of a security interest, shall promptly execute the assignment and warranty of title by a dealer,
showing the names and addresses of the transferee and of any lienholder holding a security
interest created or reserved at the time of the resale and the date of his security agreement,
in the spaces provided therefor on the certificate or as the department prescribes, and mail
or deliver the certificate to a designated agent with the transferee's application for a new
certificate. (b) Every dealer shall maintain for five years a record in the form the department
prescribes of every vehicle bought, sold or exchanged by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-8-45.htm - 1K - Match Info - Similar pages
32-8-64
Section 32-8-64 Release of security interest. (a) Upon the satisfaction of a security interest
in a vehicle for which the certificate of title is in the possession of the lienholder, he
or she shall, within 10 days after demand, execute a release of his or her security interest,
in the space provided therefor on the certificate or as the department prescribes, and mail
or deliver the certificate and release to the next lienholder named therein, or, if none,
to the owner or any person who delivers to the lienholder an authorization from the owner
to receive the certificate. The owner, other than a dealer holding the vehicle for resale,
shall promptly cause the certificate and release to be mailed or delivered to the department,
which shall release the lienholder's rights on the certificate or issue a new certificate.
(b) Upon the satisfaction of a security interest in a vehicle for which the certificate of
title is in the possession of a prior lienholder, the lienholder whose security...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-8-64.htm - 2K - Match Info - Similar pages
32-20-30
Section 32-20-30 Transfer of interest by owner. (a) If an owner transfers his or her interest
in a manufactured home, other than by the creation of a security interest, he or she shall,
at the time of the sale of the manufactured home, execute an assignment and warranty of title
to the transferee in the space provided therefor on the certificate or as the department prescribes,
and cause the certificate and assignment to be mailed or delivered to the transferee or to
the department. (b) Except as provided in this section, the transferee promptly, after delivery
to him or her of the manufactured home, shall execute the application for a new certificate
of title in the space provided therefor on the certificate or as the department prescribes,
and cause the certificate and application to be mailed or delivered to a designated agent.
(c) Upon request of the owner or transferee, a lienholder in possession of the certificate
of title, unless the transfer was in breach of his or her security...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-20-30.htm - 2K - Match Info - Similar pages
35-12-77
Section 35-12-77 Payment or delivery of abandoned property. (a) Except for property held in
a safe deposit box or other safekeeping depository, upon filing the report required in Section
35-12-76, the holder of property presumed abandoned shall pay, deliver, or cause to be paid
or delivered to the Treasurer the property described in the report as unclaimed, but if the
property is an automatically renewable deposit, and a penalty or forfeiture in the payment
of interest would result, the time for compliance is extended until a penalty or forfeiture
would no longer result. (b) Tangible property held in a safe deposit box or other safekeeping
depository shall be delivered to the Treasurer within 120 days after filing the report required
in Section 35-12-76. (c) If the property reported to the Treasurer is a security or security
entitlement under Article 8 of Title 7, the Uniform Commercial Code, the Treasurer is an appropriate
person to make an indorsement, instruction, or entitlement...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-12-77.htm - 2K - Match Info - Similar pages
10A-4-3.02
Section 10A-4-3.02 Death or disqualification of shareholder. (a) Upon the death of a shareholder
of a domestic professional corporation, or if a shareholder of a domestic professional corporation
becomes a disqualified person, or if shares of a domestic professional corporation are transferred
by operation of law or court decree to a disqualified person, the shares of the deceased shareholder
or of the disqualified person may be transferred to a qualified person and, if not so transferred,
shall be purchased or redeemed by the domestic professional corporation to the extent of funds
which may be legally made available for the purchase. (b) If the price for the shares is not
fixed by the governing documents of the domestic professional corporation or by private agreement,
the domestic professional corporation, within six months after the death or 30 days after
the disqualification or transfer, as the case may be, shall make a written offer to pay for
the shares at a specified price...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-4-3.02.htm - 7K - Match Info - Similar pages
7-8-320
Section 7-8-320 (Effective Until January 1, 1997) Transfer or pledge within a central depository
system. (1) If a security: (a) Is in the custody of a clearing corporation or of a custodian
bank or a nominee of either subject to the instructions of the clearing corporation; and (b)
Is in bearer form or indorsed in blank by an appropriate person or registered in the name
of the clearing corporation or custodian bank or a nominee of either; and (c) Is shown on
the account of a transferor or pledgor on the books of the clearing corporation; Then, in
addition to other methods, a transfer or pledge of the security or any interest therein may
be effected by the making of appropriate entries on the books of the clearing corporation
reducing the account of the transferor or pledgor and increasing the account of the transferee
or pledgee by the amount of the obligation or the number of shares or rights transferred or
pledged. (2) Under this section entries may be with respect to like securities...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-8-320.htm - 2K - Match Info - Similar pages
40-2A-8
Section 40-2A-8 Procedures governing denial or revocation of licenses, permits, and certificates
of title; procedures for contesting any other act or failure to act; appeals. (a) The department
shall notify a taxpayer in writing of any act or proposed act or refusal to act concerning
the denial or revocation of a license, permit, or certificate of title concerning which the
taxpayer has any interest. The notice must be mailed by either first-class U.S. mail, U.S.
mail with delivery confirmation, or certified U.S. mail to the taxpayer's last known address.
Any taxpayer aggrieved by any act or proposed act or refusal to act concerning the denial
or revocation of a license, permit, or certificate of title by the department shall be entitled
to file a notice of appeal from such act or proposed act or refusal to act with the Alabama
Tax Tribunal. Such notice of appeal must be filed within 30 days of the date notice of such
act or refusal to act is mailed to the taxpayer, and such appeal, if...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-2A-8.htm - 4K - Match Info - Similar pages
43-8-1
Section 43-8-1 General definitions. Subject to additional definitions contained in the subsequent
articles which are applicable to specific articles or divisions, and unless the context otherwise
requires, in this chapter, the following words shall have the following meanings: (1) BENEFICIARY.
As it relates to trust beneficiaries, includes a person who has any present or future interest,
vested or contingent, and also includes the owner of an interest by assignment or other transfer
and as it relates to a charitable trust, includes any person entitled to enforce the trust.
(2) CHILD. Includes any individual entitled to take as a child under this chapter by intestate
succession from the parent whose relationship is involved and excludes any person who is only
a stepchild, a foster child, a grandchild or any more remote descendant. (3) COURT. The court
having jurisdiction in matters relating to the affairs of decedents. This court in Alabama
is known as the probate court. (4) DAYS. That...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/43-8-1.htm - 8K - Match Info - Similar pages
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