5-8A-28
Section 5-8A-28 Creation of liens against bank after possession by superintendent. After the
superintendent has taken possession of the property and business of a bank as provided in
this chapter, no judgment lien, attachment lien, or any voluntary lien, except as provided
in this chapter, shall attach to any assets of said bank nor shall the directors, officers,
employees or agents of such bank have authority to act on behalf of said bank or to convey,
transfer, assign, pledge, mortgage, or encumber any assets thereof. (Acts 1980, No. 80-658,
§5-8-28.)...
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7-8-207
Section 7-8-207 Rights and duties of issuer with respect to registered owners. (a) Before due
presentment for registration of transfer of a certificated security in registered form or
of an instruction requesting registration of transfer of an uncertificated security, the issuer
or indenture trustee may treat the registered owner as the person exclusively entitled to
vote, receive notifications, and otherwise exercise all the rights and powers of an owner.
(b) This article does not affect the liability of the registered owner of a security for a
call, assessment, or the like. (Acts 1965, No. 549, p. 811; repealed by Acts 1996, No. 96-742,
p. 1241, §1; added by Acts 1996, No. 96-742, p. 1241, §1.)...
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11-40-65
Section 11-40-65 Filing petition for foreclosure; form of petition; notice. (a) After a municipal
code lien has been recorded with the office of the probate judge of the county in which the
real property lies, the Class 2 municipality may identify those properties on which to commence
a judicial in rem foreclosure in accordance with this article, except that those properties
the Class 2 municipality identifies as owner occupied shall not be subject to judicial in
rem foreclosure under this article. The Class 2 municipality shall not file a petition for
judicial in rem foreclosure in accordance with this article for a period of six months following
the date upon which the municipal code lien is recorded in the office of the probate judge.
A petition for judicial in rem foreclosure may include any other municipal code lien that
has been filed prior to the date the petition is filed. After enforcement proceedings have
commenced in accordance with this article, the enforcement proceedings...
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11-40-66
Section 11-40-66 Judicial hearing. (a) The Class 2 municipality shall request that a judicial
hearing on the petition occur not earlier than 30 days nor more than 90 days following the
filing of the petition. At the judicial hearing, any interested party shall have the right
to be heard and to contest the delinquency of the municipal code lien, the adequacy of the
proceedings, the classification of the property as owner occupied, and the amount of the tax
payoff. If the court determines that the information set forth in the petition is accurate,
the court shall render its judgment and order that: (1) The municipal code lien is delinquent.
(2) The amounts of any additional municipal code liens and taxes described in the petition
are delinquent. (3) Proper notice has been given to all interested parties. (4) The property
is not owner occupied. (5) The property as described in the petition be sold in accordance
with the provisions of this article. (6) The sale shall become final and...
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11-42-78
Section 11-42-78 Construction of sanitary sewers, enforcement of sanitary connections, and
assessment of costs thereof in territory exempt from taxation. The council or governing body
of the city shall have the right to construct or cause to be constructed sanitary sewers and
enforce sanitary connections in the territory exempt from city taxation under the provisions
of this article and assess the cost and expense thereof against the abutting property in the
same manner and under the same laws and to the same extent as it is authorized to construct
similar betterments and enforce connections in the territory within the corporate limits of
the city not exempt from taxation. (Code 1907, §1110; Code 1923, §1804; Code 1940, T. 37,
§173.)...
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11-48-60
Section 11-48-60 Applicability of provisions of Sections 11-48-54 through 11-48-58. Sections
11-48-54 through 11-48-58 shall not apply to unimproved real estate that has been heretofore
purchased by any municipality at a municipal assessment sale and by said municipality sold
to a third party prior to March 16, 1939. (Acts 1939, No. 204, p. 354; Code 1940, T. 37, §568.)...

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11-50-84
Section 11-50-84 Hearing upon objections, etc., to assessments. The council shall hear and
pass upon all objections and protests against the proposed assessment under such reasonable
rules and regulations as they may adopt and, by the mayor or clerk or other executive officer,
may issue subpoenas for witnesses to appear before the council or any committee thereof and
may administer oaths to the witnesses to be examined. (Acts 1923, No. 165, p. 134; Code 1923,
§2097; Code 1940, T. 37, §622.)...
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11-89-33
Section 11-89-33 Clarification of powers. (a) In addition to the powers granted to the special
corporation, it is provided that if the special corporation is to operate a sewer system to
provide for the collection, transportation, treatment, storage, or disposal of solid wastes,
such a system may include, in addition to the facilities set out in the definition of "sewer
system" in Section 11-89-1, barges, boats, towboats, transfer facilities, and such licenses,
grants, agreements, contracts, and franchises as may be necessary or desirable for the conduct
of the system. Also, the special corporation may contract with any municipality located in
whole or in part in any county in which any part of the service area of the special corporation
lies, for the collection, transfer, transportation, treatment, storage, or disposal by the
special corporation of solid wastes within the municipality. (b) The certificate of incorporation
may incorporate by reference and grant to the special...
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19-3D-19
Section 19-3D-19 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR SESSION,
EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. TAX-RELATED LIMITATIONS.
(a) In this section the following terms have the following meanings: (1) GRANTOR TRUST. A
trust as to which a settlor of a first trust is considered the owner under 26 U.S.C. Sections
671 through 677, as amended, or 26 U.S.C. Section 679, as amended. (2) INTERNAL REVENUE CODE.
The United States Internal Revenue Code of 1986, as amended. (3) NONGRANTOR TRUST. A trust
that is not a grantor trust. (4) QUALIFIED BENEFITS PROPERTY. Property subject to the minimum
distribution requirements of 26 U.S.C. Section 401(a)(9), as amended, and any applicable regulations,
or to any similar requirements that refer to 26 U.S.C. Section 401(a)(9) or the regulations.
(b) An exercise of the decanting power is subject to the following limitations: (1) If a first
trust contains property that qualified, or would have...
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35-11-250
Section 35-11-250 Lien declared. Any person, firm, or corporation operating a public sawmill
shall have a lien, paramount to all other liens, upon all lumber sawed by such mill under
any contract with the owner of such lumber for the amount agreed upon for said sawing, or,
in the event no price is agreed upon, then for the reasonable or customary price for such
sawing, so long as such lumber remains at such sawmill or in possession of the owner of such
sawmill, and if such lumber is removed from said sawmill without the knowledge and consent
of such owner, the lien shall follow such lumber. The owner of such sawmill shall have the
right to hold any lumber sawed by him until the full amount of the charges due thereon shall
have been paid. (Code 1923, §8919; Code 1940, T. 33, §66.)...
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