5-24-22
Section 5-24-22 Payment on multiple-party account. A financial institution, on request, may
pay sums on deposit in a multiple-party account to: (1) One or more of the parties, whether
or not another party is disabled, incapacitated, or deceased when payment is requested and
whether or not the party making the request survives another party; or (2) The personal representative,
if any, of a deceased party if proof of death is presented to the financial institution showing
that the deceased party was the survivor of all other persons named on the account either
as a party or beneficiary, unless the account is without right of survivorship under Section
5-24-12; or (3) The persons named in Section 5-5A-38, in accordance with the procedures set
forth in Sections 5-5A-38 and 5-5A-39. (Acts 1997, No. 97-644, p. 1177, §1.)...
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11-11-3
Section 11-11-3 Authority for issuance; form, terms, denominations, retirement, etc.; security
for payment of principal and interest on warrants generally. The county commission of each
such county, in addition to all other powers which it may now have, is hereby empowered from
time to time to authorize, sell and issue interest-bearing warrants of the county in anticipation
of and payable solely out of that portion of the highway gasoline tax required by law to be
distributed to that county. The said warrants may be in such denomination or denominations,
may have such maturity or maturities not exceeding 20 years from their date, may bear interest
at such rate or rates and payable at such times, may be made payable at such place or places
whether within or without this state and may be sold at such time or times and in such manner,
whether publicly or privately, all as the county commission of the county shall determine
most advisable by resolution duly adopted at any lawful meeting of...
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11-97-10
Section 11-97-10 Security for payment of bonds; contracts and agreements to secure. (a) Bonds
issued by any corporation may, as its board may deem advisable, be either general obligations
of such corporation or limited obligations payable only out of certain specified revenues
or assets of such corporation; provided, that any corporation may enter into contracts with
the holders of any of its bonds preventing such corporation from thereafter issuing general
obligation bonds or limiting the amount of such bonds that may thereafter be issued. To the
extent permitted by any contracts with the holders of outstanding bonds and any other contractual
obligations or requirements, any corporation may pledge any of its revenues or mortgage or
assign any of its assets, whether real or personal and whether tangible or intangible, to
secure the payment of any of its bonds. (b) As security for payment of the principal of and
the interest and premium, if any, on any bonds issued or assumed by it, any...
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27-14-29
Section 27-14-29 Rights of beneficiaries, etc., under life insurance policies against creditors,
etc. (a) If a policy of insurance, whether heretofore or hereafter issued, is effected by
any person on his own life or on another life in favor of a person other than himself or,
except in cases of transfer with intent to defraud creditors, if a policy of life insurance
is assigned or in any way made payable to any such person, the lawful beneficiary, or assignee
thereof, other than the insured or the person so effecting such insurance or his executors
or administrators, shall be entitled to its proceeds and avails against the creditors, personal
representatives, trustees in bankruptcy, and receivers in state and federal courts of the
person insured and of the person effecting the insurance, whether or not the right to change
the beneficiary is reserved or permitted and whether or not the policy is made payable to
the person whose life is insured, if the beneficiary or assignee shall...
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27-15-29
Section 27-15-29 Prohibited policy plans. (a) No insurer shall hereafter deliver or issue for
delivery in this state any policy or contract providing for the establishment of its policyholders
or members into divisions and classes and for payment of benefits from special funds created
for such purpose to the oldest member of the division and class or to the member of the division
and class whose policy has been in force the longest period of time upon the death of a member
in such division and class, or under any other similar plan; except, that any insurer heretofore
operating on such a plan in this state, whether by conversion from a fraternal benefit society
or otherwise, may continue to do so upon the condition that the insurer shall not hereafter
establish its policyholders or members into any new divisions, classes or groupings of any
kind, other than those heretofore established and containing subsisting policies heretofore
issued, and that the insurer, if a stock insurer, shall...
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27-34-27
Section 27-34-27 Exemption of benefits, etc., from attachment, garnishment, or other process.
No money or other benefit, charity, relief, or aid to be paid, provided, or rendered by any
society shall be liable to attachment, garnishment, or other process or to be seized, taken,
appropriated, or applied by any legal or equitable process or operation of law to pay any
debt or liability of a member or beneficiary, or any other person who may have a right thereunder,
either before or after payment by the society. (Acts 1911, No. 476, p. 700; Acts 1971, No.
407, p. 707, §698.)...
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34-31-21
Section 34-31-21 Board of Heating, Air Conditioning, and Refrigeration Contractors - Officers;
meetings; power and duties. (a) The board shall elect from among its members a chairman, vice-chairman,
and a secretary. The board may hire an executive director to serve at the pleasure of the
board. The board may require the executive director to perform the duties required by this
section and any other tasks required by the board. The board shall set the salary of the executive
director. The executive director, with the consent of the board, may employ a deputy director
who shall serve at the pleasure of the executive director. The salary and compensation for
the deputy director shall be set by the board and shall not exceed the salary set for the
executive director. (b) The chairman shall preside over meetings of the board. The vice-chairman
shall preside over meetings of the board in the absence of the chairman. The chairman shall
designate another member to preside in the absence of the...
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41-9-270
Section 41-9-270 LaGrange Historical Commission. (a) A board of trustees, to be known as LaGrange
Historical Commission, is hereby authorized to be appointed by the Governor for the purpose
of acquiring, maintaining and protecting certain properties and objects of historical interest
at LaGrange, in Colbert County, the site of the first chartered college in Alabama. Said board
shall be composed of three members, and the first appointees shall be appointed to serve for
terms of two, four and six years, respectively, and subsequent appointees shall serve for
terms of four years. Such trustees shall serve without compensation other than payment of
a per diem allowance and travel expenses in attending meetings of the board or in performing
any actual service under the direction of the board, such expenses to be paid in accordance
with Article 2 of Chapter 7 of Title 36 of this code. Such expenses shall be payable out of
the appropriation made by subsection (c) of this section, upon warrant...
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45-12-72.01
Section 45-12-72.01 Members to serve part-time; salary; health insurance. Beginning with the
next term of office for any commissioner of the county commission which commences in November
2014, or thereafter, each member of the county commission, except the Judge of Probate of
Choctaw County serving as chair, shall serve on a part-time basis and receive a salary of
twenty thousand dollars ($20,000) annually, payable in equal monthly installments. The members
of the commission shall not receive an expense allowance or other benefit for serving on a
part-time basis except as expressly provided in this part. The members may participate in
the county health insurance program provided the members pays all costs relating to participation.
(Act 2014-187, p. 569, §2.)...
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45-28A-42.60
Section 45-28A-42.60 Forfeiture of benefits during reemployment; retirement. (a) No person
retired after October 1, 1975, under the policemen's and firemen's retirement fund can be
reemployed full time by the City of Gadsden in any department, without first having signed
an agreement forfeiting his or her pension benefits during the time of reemployment. For purposes
of this subpart, full time employment means 20 hours or more per week. Benefits shall be resumed
upon termination of employment. In no instance shall the benefits lost during the time of
reemployment be recovered by the person. This subsection shall not be interpreted to include
those members drawing survivor's benefits. (b) Any member of the police and fire department
of a city to which this subpart applies who has been in continuous service thereof for as
long as 20 years, upon making written application to the board of trustees therefor shall,
without medical examination or disability, be retired from services in such...
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