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27-32-27.1
Section 27-32-27.1 Authority of receivers and federal home loan banks regarding collateral
pledged by insurer members in delinquency proceedings. (a) For purposes of this chapter, the
following terms shall have the following meanings: (1) FEDERAL HOME LOAN BANK or FHLB. A federal
home loan bank established pursuant to the Federal Home Loan Bank Act, 12 U.S.C. Section 1421,
et seq. (2) INSURER MEMBER. An insurer who is a member of a federal home loan bank. (b) Notwithstanding
any other provision of this chapter, the receiver for an insurer member may not void any transfer
of, or any obligation to transfer, money or any other property arising under or in connection
with any federal home loan bank security agreement, or any pledge, security, collateral, or
guarantee agreement, or any other similar arrangement or credit enhancement relating to a
federal home loan bank security agreement made in the ordinary course of business and in compliance
with the applicable federal home loan bank...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-32-27.1.htm - 4K - Match Info - Similar pages
41-10-469
Section 41-10-469 Use of proceeds of refunding bonds. The proceeds of refunding bonds shall
be applied, together with any other moneys legally available therefor, to the payment of the
expenses authorized by this article and to the payment of the principal of, premium, if any,
and interest due and to become due on any outstanding bonds to be refunded thereby and, if
so required by resolution of the authority, shall be deposited in the State Treasury in an
interest account to pay interest on refunding bonds, and in the State Treasury in a reserve
account to further secure the payment of the principal of, premium, if any, and interest on
any refunding bonds. The expenses authorized by this article shall include, in addition to
expenses authorized by other sections hereof, all expenses that the board of directors may
deem necessary or advantageous in connection with the sale and issuance of such refunding
bonds, including without limitation, the expenses of selling and issuing such...
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41-9-249
Section 41-9-249 Powers and duties of commission generally. The commission shall have the following
duties and powers: (1) To promote and increase knowledge and understanding of the history
of this state from the earliest time to the present, including the archaeological, Indian,
Spanish, British, French, Colonial, Confederate and American eras, by adopting and executing
general plans, methods and policies for permanently preserving and marking objects, sites,
structures and ruins as defined in Section 41-9-242; (2) To promote and assist in the publicizing
of the historic resources of the state by preparing and furnishing information to public mass
media and to governmental agencies charged with publicity and to coordinate any of its objectives,
efforts or functions with any agency or agencies of the federal government, of the State of
Alabama and of other states or local governments having objectives similar or related to those
of the commission; (3) To accept for renovation,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-249.htm - 8K - Match Info - Similar pages
33-2-183
Section 33-2-183 Docks facilities revenue bonds and refunding bonds - Generally. The docks
facilities revenue bonds and the refunding bonds shall be in such forms and denominations
and of such tenor and maturities (either serial or term or a combination thereof), provided
that no docks facilities revenue bond or refunding bond shall have a specified maturity date,
including sinking fund redemptions, later than 30 years after its date, shall bear such rate
or rates of interest (including a zero rate of interest) payable and evidenced in such manner,
and may contain other provisions not inconsistent with this article, all as may be provided
in the order or orders of the director in which the docks facilities revenue bonds or the
refunding bonds, respectively, are authorized to be issued; provided, that no such order shall
be valid without the written approval of the Governor. Notwithstanding any other provision
of this article to the contrary, the director may, in connection with the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-183.htm - 2K - Match Info - Similar pages
40-14B-1
Section 40-14B-1 Definitions. As used in this chapter, the following terms shall have the following
meanings: (1) AFFILIATE. An affiliate of another person shall include any of the following:
a. A person who directly or indirectly either: 1. Beneficially owns 15 percent or more of
the outstanding voting securities or other voting ownership interests of the other person,
whether through rights, options, convertible interests, or otherwise; or 2. Controls or holds
power to vote 15 percent or more of the outstanding voting securities or other voting ownership
interests of the other person. b. A person owning 15 percent or more of the outstanding voting
securities or other voting ownership interests of which are directly or indirectly either:
1. Beneficially owned by the other person, whether through rights, options, convertible interests,
or otherwise; or 2. Controlled or held with power to vote by the other person. c. A partnership
or limited liability company in which the other person...
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40-18-21
Section 40-18-21 Credits for taxes paid on income from sources outside the state and for job
development fees. (a)(1) For the purpose of ascertaining the income tax due under the provisions
of this chapter by individual residents of Alabama whose gross income, as defined herein,
is derived from sources both within and outside the State of Alabama, there shall be allowed
a credit against the amount of tax found to be due by such resident, on account of income
derived from outside the State of Alabama, the amount of income tax actually paid by such
resident to any state or territory on account of business transacted or property held, directly
or indirectly, outside the State of Alabama. Resident individual owners of Subchapter K entities,
Alabama S corporations, and beneficiaries of estates or trusts who include their proportionate
share of the income arising from one or more of these entities in their Alabama gross income
shall be allowed a credit for their proportionate share of the...
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34-27A-3
Section 34-27A-3 License required to do certain acts; unlawful behavior; violations; assistance
with appraisal; evaluations. (a) It shall be unlawful for any person, partnership, or corporation,
for a fee or other valuable consideration, or with the intention or expectation of receiving
or collecting a fee or valuable consideration from another, to do any of the following unless
he or she is licensed under this article: (1) To be employed to perform or to perform an appraisal
as defined in this article where the subject property of the assignment lies within the borders
of the State of Alabama. (2) Present himself or herself, or allow himself or herself to be
presented, as being able to perform an appraisal for which a license is required under this
article. (b) It shall be unlawful for a person, other than a licensed real estate appraiser,
to assume or use that title or any title, designation, or abbreviation likely to create the
impression of licensure as a real estate appraiser by...
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40-9B-3
Section 40-9B-3 Definitions. (a) For purposes of this chapter, the following words and phrases
mean: (1) ABATE, ABATEMENT. A reduction or elimination of a taxpayer's liability for tax or
payments required to be made in lieu thereof. An abatement of transaction taxes imposed under
Chapter 23 of this title, or payments required to be made in lieu thereof, shall relieve the
seller from the obligation to collect and pay over the transaction tax as if the sale were
to a person exempt, to the extent of the abatement, from the transaction tax. (2) ALTERNATIVE
ENERGY RESOURCES. The definition given in Section 40-18-1. (3) CONSTRUCTION RELATED TRANSACTION
TAXES. The transaction taxes imposed by Chapter 23 of this title, or payments required to
be made in lieu thereof, on tangible personal property and taxable services incorporated into
an industrial development property, the cost of which may be added to capital account with
respect to the property, determined without regard to any rule which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9B-3.htm - 19K - Match Info - Similar pages
45-28A-42.55
Section 45-28A-42.55 Composition of retirement fund; investment. (a) The policemen's and firemen's
retirement fund shall consist of the following: (1) All of the money, securities, and things
of value belonging to any similar fund that may now or hereafter be maintained in the City
of Gadsden. (2) All monies or properties that may be given or donated to the fund by any persons,
firm, association, or corporation for the uses and purposes for which the fund is created;
and the board may take, by gift, grant, devise, or bequest, any money, personal property,
real estate, or any interest therein, or any right of property, for the benefit of the fund.
(3) All reward money paid to any member of the police and fire departments of the city shall
be paid by the recipients of the same into the retirement fund promptly upon receipt of the
same. (4) All civil or criminal witness fees received by any member of the police and fire
departments for attendance at or before any court or grand jury in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-28A-42.55.htm - 3K - Match Info - Similar pages
11-92C-8
Section 11-92C-8 Powers of authority. (a) The authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To have succession by its corporate name for the duration of time, which may be in perpetuity,
subject to Section 11-92C-20, specified in its certificate of incorporation. (2) To sue and
be sued in its own name and to prosecute and defend civil actions in any court having jurisdiction
of the subject matter and of the parties; provided that the authority shall be deemed to be
a governmental entity as defined in Chapter 93 of this title for the purpose of limiting the
damages for which the authority may be liable. (3) To adopt and make use of a corporate seal
and to alter the seal at its pleasure. (4) To adopt and alter bylaws for the regulation and
conduct of its affairs and business. (5) To acquire, whether by purchase, construction, exchange,
gift, lease, or otherwise, and to refinance existing...
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