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40-12-220
Section 40-12-220 Definitions. For purposes of this article, the following terms shall have
the respective meanings ascribed by this section: (1) BUSINESS. All activities engaged in,
or caused to be engaged in, by any person with the object of gain, profit, benefit, or advantage,
either direct or indirect to such person. (2) COMMISSIONER. The Commissioner of Revenue of
the state. (3) DEPARTMENT. The Department of Revenue of the state. (4) GROSS PROCEEDS. The
value proceeding or accruing from the leasing or rental of tangible personal property, including
any license or privilege taxes passed on to a lessee by a lessor, without any deduction on
account of the cost of the property so leased or rented, the cost of materials used, labor
or service cost, interest paid, or any other expense whatsoever, and without any deductions
on account of loss, and shall also include on the part of any person claiming exemption under
subdivision (4) of Section 40-12-223 an amount equal to the amount of...
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40-18-29
Section 40-18-29 Fiduciary returns. (a) Every fiduciary, except receivers appointed by authority
of law in possession of part only of the property of a taxpayer, shall make a return for the
taxpayer for whom he acts, first, if the net income of such taxpayer is $1,500 or over, if
single or if married and not living with husband or wife, or $3,000 or over, if married and
living with husband or wife, or second, if the net income of such taxpayer, if an estate or
trust, is $1,500 or over, or if any beneficiary is a taxpayer other than a resident of the
state, which returns shall state specifically the items of the gross income and the deductions,
exemptions and credits allowed by this chapter under such regulations as the Department of
Revenue may prescribe, a return made by one or two or more joint fiduciaries and filed in
the office of the Department of Revenue shall be a sufficient compliance with the above requirement.
The fiduciary shall certify that he has sufficient knowledge of...
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43-2-195
Section 43-2-195 Collection of debts and deposits by nonresident personal representative. The
personal representative of a deceased person, by appointment of a court having jurisdiction
in any state other than the state of Alabama, may receive and collect any indebtedness or
bank deposit owing to the deceased by any person who is a resident of Alabama, and such personal
representative may execute a release, discharge and satisfaction of such indebtedness. Such
personal representative, at the time of or before making such collection and satisfaction,
release or discharge, shall file for record in the probate office of the county wherein the
debtor resides a certified copy of the letters testamentary or of administration issued to
such personal representative, certified in accordance with 28 U.S.C.A., §1738, but no such
collection shall be made until the lapse of 60 days from the date of the death of the deceased,
and no such collection shall be made if proceedings are pending for the...
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43-2-557
Section 43-2-557 Proceedings on final settlement of account. On the day appointed for auditing
such account, any person may attend on the part of such executor or administrator or, if dead,
of his personal representative or, in case of his removal from the state, his sureties and
show that he is entitled to additional credits; and any person interested may attend and contest
any item of such account or in any previous account, or may show assets not accounted for,
or that such executor or administrator has failed to collect any assets from want of due diligence,
or that, by any abuse of or failure to discharge his trust, such assets, or any portion thereof,
have been injured, destroyed or depreciated; and, in case of such proof, the executor or administrator
or, if dead, his personal representative or, in case of his removal from the state, his sureties
must be charged therewith. On such settlements, decrees must be rendered as upon like settlements
voluntarily made. (Code 1852,...
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43-2-833
Section 43-2-833 General duties; relation and liability to persons interested in estate; standing
to sue. (a) A personal representative is a fiduciary. Except as otherwise provided by the
terms of the will, the personal representative shall observe the standards in dealing with
the estate that would be observed by a prudent person dealing with the property of another.
If the personal representative has special skills or is named personal representative on the
basis of representations of special skills or expertise, the personal representative is under
a duty to use those skills. A personal representative is under a duty to settle and distribute
the estate of the decedent in accordance with the terms of any probated and effective will
and Title 43, and as expeditiously and efficiently as is consistent with the best interests
of the estate. The personal representative shall use the authority conferred upon personal
representatives by law, the terms of the will, if any, and any order in...
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43-2-835
Section 43-2-835 Duty of personal representative; inventory and appraisement. (a) Within two
months after appointment, a personal representative, who is not a special administrator or
a successor to another representative who has previously discharged this duty, shall file
an inventory of property owned by the decedent at the time of death, listing it with reasonable
detail, and indicating as to each listed item, its fair market value as of the date of the
decedent's death, and the type and amount of any encumbrance that may exist with reference
to any item. (b) The personal representative shall send a copy of the inventory to interested
persons who request it. If the testator, by express provision in the will to that effect,
exempts the personal representative from filing an inventory, the personal representative
shall not be required to file the initial inventory, or any supplement thereto, with the court,
unless in the opinion of the court, the estate is likely to be wasted, to the...
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45-2-244.180
Section 45-2-244.180 Definitions. The following terms shall have the following meanings: (1)
BUSINESS. All activities engaged in, or caused to be engaged in, by any person with the object
of gain, profit, benefit, or advantage, either direct or indirect to such person. (2) COUNTY.
Baldwin County, Alabama. (3) EXEMPT ORGANIZATION. Any organization exempt from taxation under
26 U.S.C. §501, as in effect from time to time. (4) GROSS PROCEEDS. The value proceeding
or accruing from leasing or renting tangible personal property, without any deduction on account
of the cost of the property so leased or rented, the cost of materials used, labor or service
cost, interest paid, or any other expenses whatsoever, and without any deduction on account
of loss and shall also include on the part of any person claiming an exemption under subdivision
(4) of Section 45-2-244.182 an amount equal to the amount of rental paid on any tangible personal
property acquired under such exception and thereafter...
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45-8-241.60
Section 45-8-241.60 Definitions. The following words, terms, and phrases, when used in this
subpart shall have the meanings ascribed to them in this section, except where the context
clearly indicates a different meaning: (1) PERSON. Any natural person, firm, partnership,
association, corporation, receiver, trust, estate, or other entity, or any other group or
combination of any thereof acting as a unit. (2) LICENSE COMMISSIONER. The License Commissioner
of Calhoun County, Alabama. (3) COUNTY. Calhoun County, Alabama. (4) BUSINESS. All activities
engaged in, or caused to be engaged in, by any person with the object of gain, profit, benefit,
or advantage, either direct or indirect to such person. (5) GROSS PROCEEDS. The value proceeding
or accruing from the leasing or rental of tangible personal property, without any deduction
on account of the cost of the property so leased or rented, the cost of materials used, labor,
or service cost, interest paid or any other expenses whatsoever,...
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10A-5-6.04
Section 10A-5-6.04 Death or incompetency of member. REPEALED IN THE 2014 REGULAR SESSION BY
ACT 2014-144 EFFECTIVE JANUARY 1, 2017. (a) Except as otherwise provided in the governing
documents: (1) If a member who is an individual dies or if a court of competent jurisdiction
adjudges a member to be incompetent to manage the member's person or property, the member's
personal representative, conservator, legal representative, heirs, or legatees may exercise
all the member's financial rights for the purpose of settling the member's estate or administering
the member's property, including any power the member had to transfer the membership interest.
(2) If a member is a corporation, limited liability company, trust, general partnership, limited
partnership, registered limited liability partnership, custodianship, or other entity and
is dissolved or terminated, the financial rights of that member may be exercised by the legal
representative or successor of that member. (b) The personal...
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27-7-14.1
Section 27-7-14.1 Licenses - Lines of authority; renewal. (a) Unless denied licensure pursuant
to Section 27-7-19, persons who have met the requirements of Sections 27-7-4.3 and 27-7-5
shall be issued an insurance producer license. An insurance producer may receive qualification
for a license in one or more of the following lines of authority: (1) LIFE. Insurance coverage
on human lives including benefits of endowment and annuities, and may include benefits in
the event of death or dismemberment by accident and benefits for disability income. (2) ACCIDENT
AND HEALTH OR SICKNESS, commonly known as disability. Insurance coverage for sickness, bodily
injury, or accidental death and may include benefits for disability income. (3) PROPERTY.
Insurance coverage for the direct or consequential loss or damage to property of every kind.
(4) CASUALTY. Insurance coverage against legal liability, including that for death, injury,
or disability or damage to real or personal property, and surety. (5)...
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