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11-40-68
Section 11-40-68 Foreclosure sale; form of deed. (a) Following the hearing and order of the
court in accordance with Section 11-40-66, the court shall cause a sale of the real property
to be advertised and conducted by the court in a manner similar to that procedure contemplated
by Section 40-10-15. The sale shall not occur earlier than 45 days following the date of the
order of the court. (b) Except as otherwise authorized by law, the minimum bid price for the
sale of the real property shall be the redemption amount. (1) In the absence of any bid higher
than the minimum bid price, the court or its designee shall bid in for the real property on
behalf of the Class 2 municipality or its designee in an amount equal to the minimum bid price,
thereby causing the Class 2 municipality to become the purchaser at the sale pursuant to Section
11-40-66. (2) A bid in on behalf of the Class 2 municipality or its designee shall be tendered
as a credit bid for that part of the minimum bid price...
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11-49B-3
Section 11-49B-3 Filing of application; authorization of incorporation by governing body of
authorizing county. (a) A public corporation may be organized pursuant to this chapter in
any Class 1 municipality. Not less than three natural persons may incorporate a public corporation
by filing a written application with the governing body of the county and with the governing
body of the Class 1 municipality, which application shall: (1) Contain a statement that the
authority proposes to render public transportation service in the Class 1 municipality and
surrounding counties. (2) State the proposed location of the principal office of the authority,
which shall be within the county in which the application is filed. (3) State that each of
the applicants is a duly qualified elector of the county where the application is filed. (4)
Request that the governing body adopt a resolution declaring that it is wise, expedient, and
necessary that the proposed authority be formed and authorizing the...
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11-49C-4
Section 11-49C-4 Agreements construed as interstate compacts; actions in case of controversy.
Any agreements entered into pursuant to this chapter between a Class 8 municipality in Alabama
and a municipality of another state which is contiguous to the Alabama municipality shall
have the status of an interstate compact, but in any case of controversy involving performance
or interpretation thereof or liability thereunder, the municipalities involved thereto shall
be real parties in interest and the state may maintain an action to recoup or otherwise make
itself whole for any damages or liability which it may incur by reason of being joined as
a party therein. The action shall be maintainable against any municipality whose default,
failure of performance, or other conduct caused or contributed to the incurring of damage
or liability by the state. (Act 2007-468, p. 990, §4.)...
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16-68-7
Section 16-68-7 (Effective July 1, 2020) Violations. The following persons may bring an action
in a court of competent jurisdiction to enjoin any violation of this chapter or a policy adopted
pursuant to this chapter: (1) The Attorney General. (2) A person whose expressive rights are
violated by a violation of this chapter or the policy adopted pursuant to this chapter. (Act
2019-396, §7.)...
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27-27-49.1
Section 27-27-49.1 Recovery. (a) If an order for liquidation or rehabilitation of a domestic
insurer has been entered, the receiver appointed under such order shall have a right to recover
on behalf of the insurer, (i) from any parent corporation or holding company or person or
affiliate who otherwise controlled the insurer, the amount of distributions (other than distributions
of shares of the same class of stock) paid by the insurer on its capital stock, or (ii) any
payment in the form of a bonus, termination settlement, or extraordinary lump sum salary adjustment
made by the insurer or its subsidiary to a director, officer, or employee, where the distribution
or payment pursuant to (i) or (ii) is made at any time during the one year preceding the petition
for liquidation, conservation, or rehabilitation, as the case may be, subject to the limitations
of subsections (b), (c), and (d) of this section. (b) No such distribution shall be recoverable
if the parent or affiliate shows that...
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27-27-7
Section 27-27-7 Solicitation permit - Issuance; contents; compliance with terms. (a) Upon the
filing of any bond required by Sections 27-27-10 or 27-27-16, after notice by the commissioner
provided for in subsection (a) of Section 27-27-6, or upon his decision to grant a solicitation
permit if such a bond is not so required, the commissioner shall issue to the applicant or
to the newly formed corporation, if the application is on behalf of a newly formed incorporated
domestic insurer, a solicitation permit. Every solicitation permit issued by the commissioner
shall contain provisions in substance as follows: (1) State the securities or other rights
or interests for which subscriptions are to be solicited, the number, classes, par value,
and selling price thereof, or identify the insurance contract, or contracts, for which applications
and advance premiums or deposits of premium are to be solicited in the case of mutual or reciprocal
insurers; (2) Require that any particular class of...
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27-2B-7
Section 27-2B-7 Mandatory control level event; commissioner's duties. (a) "Mandatory control
level event" means any of the following events: (1) The filing of an RBC report which
indicates that the insurer's total adjusted capital is less than its mandatory control level
RBC. (2) Notification by the commissioner to the insurer of an adjusted RBC report that indicates
the event in subdivision (1), provided the insurer does not challenge the adjusted RBC report
under Section 27-2B-8. (3) If, pursuant to Section 27-2B-8, the insurer challenges an adjusted
RBC report that indicates the event in subdivision (1), notification by the commissioner to
the insurer that the commissioner has, after a hearing, rejected the insurer's challenge.
(b) In the event of a mandatory control level event: (1) With respect to a life insurer, health
organization, or fraternal benefit society, the commissioner shall take actions as necessary
to place the insurer under regulatory control pursuant to Chapter 32....
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28-3-4
Section 28-3-4 Provisions for maintenance of separation of financial and business interests
between classes of businesses regulated by chapter. (a) No manufacturer and no officer or
director of any manufacturer shall at the same time be a distributor, wholesaler or retail
dispenser or an officer, director or stockholder or creditor of any distributor, wholesaler
or retail dispenser, nor, except as provided in this section, be the owner, proprietor or
lessor of any place covered directly or indirectly by any distributor's or wholesaler's malt
or brewed beverage liquor license. (b) No distributor or wholesaler and no officer or director
of any distributor or wholesaler shall at the same time be a manufacturer or retailer or be
an officer, director, stockholder or creditor of a manufacturer or retailer or be the owner,
proprietor or lessor of any place covered by any other malt or brewed beverage or liquor license.
(c) No licensee licensed under this chapter shall directly or indirectly...
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34-27A-9
Section 34-27A-9 Classes of appraisers. (a) There shall be five classes of real estate appraisers
licensed by the board. The classes may be revised or other classes added if necessary to conform
in all respects with the Financial Institutions Reform, Recovery and Enforcement Act of 1989,
Pub.L. No. 101-73 (FIRREA), and any subsequent amendments and regulations issued pursuant
thereto. The board shall make any revisions to the class titles or requirements for licensure
by rules adopted in compliance with the Alabama Administrative Procedure Act, Chapter 22 of
Title 41, and Section 34-27A-5. All persons in all classes licensed by the board are subject
to the Competency Provision of the Uniform Standards of Professional Appraisal Practice. (1)
The "trainee real property appraiser" classification applies to a person whose scope
of practice is the appraisal of those properties which the supervising appraiser is permitted
to appraise. (2) The "state registered real property appraisers"...
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6-11-20
Section 6-11-20 Punitive damages not to be awarded other than where clear and convincing evidence
proven; definitions. (a) Punitive damages may not be awarded in any civil action, except civil
actions for wrongful death pursuant to Sections 6-5-391 and 6-5-410, other than in a tort
action where it is proven by clear and convincing evidence that the defendant consciously
or deliberately engaged in oppression, fraud, wantonness, or malice with regard to the plaintiff.
Nothing contained in this article is to be construed as creating any claim for punitive damages
which is not now present under the law of the State of Alabama. (b) As used in this article,
the following definitions shall apply: (1) FRAUD. An intentional misrepresentation, deceit,
or concealment of a material fact the concealing party had a duty to disclose, which was gross,
oppressive, or malicious and committed with the intention on the part of the defendant of
thereby depriving a person or entity of property or legal...
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