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19-3B-813
Section 19-3B-813 Duty to inform and report. (a) Except as otherwise provided in Section 19-3B-603,
the following rules apply: (1) A trustee shall keep the current permissible distributees of
income or principal of the trust reasonably informed about the administration of the trust
and of the material facts necessary for them to protect their interests. (2) Unless unreasonable
under the circumstances, a trustee shall promptly respond to a qualified beneficiary's request
for information related to the administration of the trust. (b) A trustee: (1) upon request
of a beneficiary, shall promptly furnish to the beneficiary a copy of the trust instrument;
(2) within 60 days after accepting a trusteeship, shall notify the qualified beneficiaries
of the acceptance and of the trustee's name, address, and telephone number; (3) within 60
days after accepting the trusteeship of an irrevocable trust, or the date the trustee acquires
knowledge that a formerly revocable trust has become irrevocable,...
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23-2-149
Section 23-2-149 Trust agreements securing bond issues; authorized provisions protecting holders;
pledge of revenues. In the discretion of the authority, any bonds issued under the provisions
of this article may be secured by a trust agreement by and between the authority and a corporate
trustee, which may be any trust company, or bank having the powers of a trust company, within
or without the state. The trust agreement or the resolution providing for the issuance of
such bonds subject to the provisions of Section 23-2-147, may pledge or assign tolls or other
revenues to which the authority's right then exists or which may thereafter come into existence,
and the moneys derived therefrom, and the proceeds of such bonds; provided, however, that
the trust agreement or resolution shall not convey or mortgage any toll road, bridge or tunnel
project or any part thereof. Such trust agreement or resolution providing for the issuance
of bonds may contain such provisions for protecting and...
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30-3-153
Section 30-3-153 Implementation; required provisions; plan set by court. (a) In order to implement
joint custody, the court shall require the parents to submit, as part of their agreement,
provisions covering matters relevant to the care and custody of the child, including, but
not limited to, all of the following: (1) The care and education of the child. (2) The medical
and dental care of the child. (3) Holidays and vacations. (4) Child support. (5) Other necessary
factors that affect the physical or emotional health and well-being of the child. (6) Designating
the parent possessing primary authority and responsibility regarding involvement of the minor
child in academic, religious, civic, cultural, athletic, and other activities, and in medical
and dental care if the parents are unable to agree on these decisions. The exercise of this
primary authority is not intended to negate the responsibility of the parties to notify and
communicate with each other as provided in this article....
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33-15-14
Section 33-15-14 Freedom of authority from supervision and control. This chapter is intended
to aid the State of Alabama in the execution of its duties by providing an appropriate and
independent political subdivision of the state with full and adequate powers to fulfill the
functions herein authorized. Except as in this chapter expressly otherwise provided, no proceeding,
notice or approval shall be required for the incorporation of the authority or the amendment
of its certificate of incorporation, the acquisition of any property or facilities or the
issuance of any bonds, mortgage and deed of trust or trust indenture. The authority, its facilities
and other property and the rates and charges thereof shall be exempt from all jurisdiction
of, and all regulation and supervision by, the Public Service Commission. Neither a public
hearing nor the consent of the State Department of Finance shall be prerequisite to the issuance
of bonds by the authority. Nothing herein shall be construed...
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35-12-72
Section 35-12-72 Presumption of abandonment. (a) Property is presumed abandoned if it is unclaimed
by the apparent owner during the time set forth below for the particular property: (1) Traveler's
checks, 15 years after issuance. (2) Money order, five years after issuance. (3) A demand,
savings, or time deposit including a deposit that is automatically renewable, three years
after the earlier of maturity, as extended from time to time, or the date of the last indication
by the apparent owner of interest in the property. (4) Tangible and intangible property held
in a safe deposit box or other safekeeping depository in this state in the ordinary course
of the holder's business and proceeds resulting from the sale of the property permitted by
other law, three years after expiration of the lease or rental period on the box or other
depository. (5) Money or credits owed to a customer as a result of a retail business transaction,
one year after the obligation accrued. (6) Property in an...
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35-4-51
Section 35-4-51 What instruments admitted to record; filing as notice of contents; section
cumulative. Except as may be otherwise provided by the Uniform Commercial Code, all deeds,
mortgages, deeds of trust, bills of sale, contracts, or other documents purporting to convey
any right, title, easement, or interest in any real estate or personal property and all assignments
of mortgages, deeds of trust, or other securities for debt or extension agreements with respect
thereto, when executed in accordance with law, shall be admitted to record in the office of
the probate judge of any county. Their filing for registration shall constitute notice of
their contents. This section shall not be construed as superseding or repealing any other
laws effective in Alabama relative to the subject matter in this article, but shall be held
and construed to be cumulative. (Acts 1927, No. 442, p. 496; Code 1940, T. 47, ยง95; Acts
1965, No. 549, p. 811.)...
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35-5A-2
Section 35-5A-2 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ADULT. An individual
who has attained the age of 21 years. (2) BENEFIT PLAN. An employer's plan for the benefit
of an employee or partner, or an individual retirement account. (3) BROKER. A person lawfully
engaged in the business of effecting transactions in securities or commodities for the person's
own account or for the account of others. (4) CONSERVATOR. A person appointed or qualified
by a court to act as general, limited, or temporary guardian of a minor's property or a person
legally authorized to perform substantially the same functions. (5) COURT. Circuit court.
(6) CUSTODIAL PROPERTY. a. Any interest in property transferred to a custodian under this
chapter and b. The income from and proceeds of that interest in property. (7) CUSTODIAN. A
person so designated under Section 35-5A-10 or a successor or...
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41-10-754
Section 41-10-754 Powers of the authority. The authority shall have, in addition to all other
powers granted to it in this article, all of the following powers: (1) To have succession
by its corporate name until dissolved as herein provided. (2) To institute and defend legal
proceedings in any court of competent jurisdiction and proper venue; provided, however, that
the authority may not be sued in any nisi prius court other than the courts of the county
in which is located the principal office of the authority; and provided further that the officers,
directors, agents, and employees of the authority may not be sued for actions on behalf of
the authority in any nisi prius court other than the courts of the county in which is located
the principal office of the authority. (3) To have and to use a corporate seal and to alter
the seal at pleasure. (4) To establish a fiscal year. (5) To adopt, and from time to time,
amend and repeal, bylaws, rules, and regulations not inconsistent with...
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45-29-90.15
Section 45-29-90.15 Statutory mortgage lien. Any resolution of the board of directors, or trust
indenture, under which bonds may be issued pursuant to this article may contain provisions
creating a statutory mortgage lien, in favor of the holders of such bonds and of the interest
coupons applicable thereto, on the facilities and other property, including any after-acquired
property, out of the revenues from which such bonds are made payable. The resolution of the
board of directors, or the trust indenture, may provide for the filing for record in the office
of the Judge of Probate of Fayette County of a notice containing a brief description of such
facilities or other property, a brief description of such bonds, and a declaration that the
statutory mortgage lien has been created for the benefit of the holders of such bonds and
the interest coupons applicable thereto, upon such facilities and other property, including
any additions thereto and extensions thereof. The judge of probate...
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45-49A-64.15
Section 45-49A-64.15 Freedom of authority from Public Service Commission and other state supervision
and control. This part is intended to aid the state in the execution of its duties by providing
appropriate and independent instrumentalities of the state with full and adequate powers to
fulfill their functions. Except as in this part expressly otherwise provided, no proceeding,
notice, or approval shall be required for the incorporation of any authority or the amendment
of its certificate of incorporation, the acquisition of any property or transit system, or
the issuance of any bonds, mortgage, and deed of trust, or trust indenture. The authority,
every transit system of the authority, any public transportation service provided by the authority,
and the rates and charges thereof shall be exempt from all jurisdiction of, and all regulation
and supervision by, the Public Service Commission. Neither a public hearing nor the consent
of the State Department of Finance shall be...
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