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19-1-8
Section 19-1-8 Deposit in name of principal. If a check is drawn upon the account of his principal
in a bank by a fiduciary who is empowered to draw checks upon his principal's account, the
bank is authorized to pay such check without being liable to the principal, unless the bank
pays the check with actual knowledge that the fiduciary is committing a breach of his obligation
as fiduciary in drawing such check, or with knowledge of such facts that its action in paying
the check amounts to bad faith. If, however, such a check is payable to the drawee bank and
is delivered to it in payment of or as security for a personal debt of the fiduciary
to it, the bank is liable to the principal if the fiduciary in fact commits a breach of his
obligation as fiduciary in drawing or delivering the check. (Acts 1943, No. 557, p. 544, §8.)...
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19-1-7
Section 19-1-7 Deposit in name of fiduciary as such. If a deposit is made in a bank to the
credit of a fiduciary as such, the bank is authorized to pay the amount of the deposit or
any part thereof upon the check of the fiduciary, signed with the name in which such deposit
is entered without being liable to the principal, unless the bank pays the check with actual
knowledge that the fiduciary is committing a breach of his obligation as fiduciary in drawing
the check or with knowledge of such facts that its action in paying the check amounts to bad
faith. If, however, such a check is payable to the drawee bank and is delivered to it in payment
of or as security for a personal debt of the fiduciary to it, the bank is liable to
the principal if the fiduciary in fact commits a breach of his obligation as fiduciary in
drawing or delivering the check. (Acts 1943, No. 557, p. 544, §7.)...
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19-1-9
Section 19-1-9 Deposit in fiduciary's personal account. If a fiduciary makes a deposit
in a bank to his personal credit of checks drawn by him upon an account in his own
name as fiduciary, or of checks payable to him as fiduciary, or of checks drawn by him upon
an account in the name of his principal if he is empowered to draw checks thereon, or of checks
payable to his principal and indorsed by him, if he is empowered to indorse such checks, or
if he otherwise makes a deposit of funds held by him as fiduciary, the bank receiving such
deposit is not bound to inquire whether the fiduciary is committing thereby a breach of his
obligation as fiduciary; and the bank is authorized to pay the amount of the deposit or any
part thereof upon the personal check of the fiduciary without being liable to the principal
unless the bank receives the deposit or pays the check with actual knowledge that the fiduciary
is committing a breach of his obligation as fiduciary in making such deposit or in...
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19-1-5
instrument in the name of his principal, the payee is not bound to inquire whether the fiduciary
is committing a breach of his obligation as fiduciary in drawing or delivering the instrument,
and is not chargeable with notice that the fiduciary is committing a breach of his obligation
as fiduciary unless he takes the instrument with actual knowledge of such breach or with knowledge
of such facts that his action in taking the instrument amounts to bad faith. If, however,
such instrument is payable to a personal creditor of the fiduciary and delivered to
the creditor in payment of or as security for a personal debt of the fiduciary to the
actual knowledge of the creditor, or is drawn and delivered in any transaction known by the
payee to be for the personal benefit of the fiduciary, the creditor or other payee
is liable to the principal if the fiduciary in fact commits a breach of his obligation as
fiduciary in drawing or delivering the instrument. (Acts 1943, No. 557, p. 544, §5.)...
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17-5-2
a payment, a forgiveness of a loan, or payment of a third party, made for the purpose of influencing
the result of an election. 2. A contract or agreement to make a gift, subscription, loan,
advance, or deposit of money or anything of value for the purpose of influencing the result
of an election. 3. Any transfer of anything of value received by a political committee from
another political committee, political party, or other source. 4. The payment of compensation
by any person for the personal services or expenses of any other person if the services
are rendered or expenses incurred on behalf of a candidate, political committee, or political
party without payment of full and adequate compensation by the candidate, political committee,
or political party. Provided, however, that the payment of compensation by a corporation for
the purpose of establishing, administering, or soliciting voluntary contributions to a separate,
segregated fund as permitted in this chapter, shall not...
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7-9A-102
term includes: (A) proceeds to which a security interest attaches; (B) accounts, chattel paper,
payment intangibles, and promissory notes that have been sold; and (C) goods that are the
subject of a consignment. (13) "Commercial tort claim" means a claim arising in
tort with respect to which: (A) the claimant is an organization; or (B) the claimant is an
individual and the claim: (i) arose in the course of the claimant's business or profession;
and (ii) does not include damages arising out of personal injury to or the death
of an individual. (14) "Commodity account" means an account maintained by a commodity
intermediary in which a commodity contract is carried for a commodity customer. (15) "Commodity
contract" means a commodity futures contract, an option on a commodity futures contract,
a commodity option, or another contract if the contract or option is: (A) traded on or subject
to the rules of a board of trade that has been designated as a contract market for such a
contract...
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13A-8-1
7-9A-102(a)(28), in respect of property in which the secured party has a security interest,
as defined in Section 7-1-201(37). (10) PROPELLED VEHICLE. Any propelled device in, upon,
or by which any person or property is transported on land, water, or in the air, and such
term includes motor vehicles, motorcycles, motorboats, aircraft, and any vessel propelled
by machinery, whether or not that machinery is the principal source of propulsion. (11) PROPERTY.
Any money, tangible or intangible personal property, property (whether real or personal)
the location of which can be changed (including things growing on, affixed to, or found in
land and documents, although the rights represented hereby have no physical location), contract
right, chose-in-action, interest in a claim to wealth, credit, or any other article or thing
of value of any kind. Commodities of a public utility nature, such as gas, electricity, steam,
and water, constitute property, but the supplying of such a commodity to...
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19-1-6
Section 19-1-6 Check drawn by and payable to fiduciary. If a check or other bill of exchange
is drawn by a fiduciary as such or in the name of his principal by a fiduciary empowered to
draw such instrument in the name of his principal, payable to the fiduciary personally, or
payable to a third person and by him transferred to the fiduciary, and is thereafter transferred
by the fiduciary, whether in payment of a personal debt of the fiduciary or otherwise,
the transferee is not bound to inquire whether the fiduciary is committing a breach of his
obligation as fiduciary in transferring the instrument, and is not chargeable with notice
that the fiduciary is committing a breach of his obligation as fiduciary unless he takes the
instrument with actual knowledge of such breach or with knowledge of such facts that his action
in taking the instrument amounts to bad faith. (Acts 1943, No. 557, p. 544, §6.)...
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19-1-4
is indorsed by a fiduciary empowered to indorse such instrument on behalf of his principal,
the indorsee is not bound to inquire whether the fiduciary is committing a breach of his obligation
as fiduciary in indorsing or delivering the instrument, and is not chargeable with notice
that the fiduciary is committing a breach of his obligation as fiduciary unless he takes the
instrument with actual knowledge of such breach or with knowledge of such facts that his action
in taking the instrument amounts to bad faith. If, however, such instrument is transferred
by the fiduciary in payment of or as security for a personal debt of the fiduciary
to the actual knowledge of the creditor, or is transferred in any transaction known by the
transferee to be for the personal benefit of the fiduciary, the creditor or other transferee
is liable to the principal if the fiduciary in fact commits a breach of his obligation as
fiduciary in transferring the instrument. (Acts 1943, No. 557, p. 544, §4.)...
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31-2A-123a
Section 31-2A-123a (Article 123a.) Making, drawing, or uttering check, draft, or order without
sufficient funds. (a) Any person subject to this code who, for the procurement of any article
or thing of value, with intent to defraud, or for the payment of any past due obligation,
or for any other purpose, with intent to deceive; makes, draws, utters, or delivers any check,
draft, or order for the payment of money upon any bank or other depository, knowing at the
time that the maker or drawer has not or will not have sufficient funds in, or credit with,
the bank or other depository for the payment of that check, draft, or order in full upon its
presentment, shall be punished as a court-martial may direct. (b) The making, drawing, uttering,
or delivering by a maker or drawer of a check, draft, or order, payment of which is refused
by the drawee because of insufficient funds of the maker or drawer in the drawee's possession
or control, is prima facie evidence of his or her intent to defraud...
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