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27-38-1
Section 27-38-1 Establishment of separate accounts by life insurers to provide for life insurance
or annuities and benefits incidental thereto. A life insurer organized under the laws of this
state may, by or pursuant to a resolution of its board of directors, establish one or more
separate accounts and may allocate thereto amounts, including without limitation proceeds
applied under optional modes of settlement or under dividend options, to provide for life
insurance or annuities, and benefits incidental thereto, payable in fixed or variable amounts
or both, subject to the following: (1) The income, gains, and losses, realized or unrealized,
from assets allocated to a separate account shall be credited to, or charged against, the
account, without regard to other income, gains, or losses of the insurer; (2) Except as provided
in this section, amounts allocated to any separate account, and accumulations thereon, may
be invested and reinvested without regard to any requirements or...
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35-10-91
Section 35-10-91 Payoff statement; notice. (a) A person liable for payment or performance of
the obligation secured by the real property described in a security instrument who makes proper
notice pursuant to this section shall be entitled to receive a payoff statement. (b) Proper
notice must contain all of the following: (1) The entitled person's name. (2) If given by
a person other than an entitled person, the name of the person giving the notification and
a statement, if required by the secured party evidence, that the person is an authorized agent
of the entitled person. (3) The address to which the creditor must send the statement. (4)
The account number assigned by the secured creditor or other sufficient information to enable
the creditor to identify the secured obligation and the real property encumbered by the security
interest. (5) If the secured obligation is an equity line, a statement that the entitled person
requests the secured creditor to close the equity line upon...
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45-49-201.40
Section 45-49-201.40 Deposit of monies by license commissioner and other elected officials;
deposit of fiduciary accounts of the probate court. (a) Except as provided in subsection (b),
the license commissioner and other elected officials of Mobile County shall deposit all collection
of monies by his or her office in an interest-bearing checking account or interest-bearing
savings account within Mobile County. (b) Funds deposited in the probate court of the county
in any of its fiduciary accounts shall be exempt from the above interest requirement. Fiduciary
funds or individual fiduciary accounts may be placed in interest-bearing accounts at the discretion
of the judge of probate pursuant to an investment policy to be established by and deemed by
the probate court to be efficient and cost effective. (Act 86-227, p. 335, § 1; Act 98-567,
p. 1270, § 1.)...
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8-21B-8
Section 8-21B-8 Change in management personnel; damaging actions; additional dealership agreements;
recovery of damages. (a) No supplier shall require or prohibit any change in management personnel
of any dealer unless the current or proposed management or personnel fails to meet reasonable
qualifications and standards required by the supplier for its dealers. (b) No supplier shall
engage in any action with respect to a dealer which is arbitrary, in bad faith, or unconscionable
and which causes damage to the dealer. (c) No supplier, without notice to existing dealers,
shall enter into a dealer agreement with another dealer who intends to conduct its dealership
operations from a place of business within the relevant market area of an existing dealer
or dealers representing the same line of heavy equipment. The appointment of a successor dealer
at the same location as its predecessor or within a two-mile radius therefrom within two years
from the date on which its predecessor ceased...
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10A-8A-1.02
Section 10A-8A-1.02 Definitions. Notwithstanding Section 10A-1-1.03, as used in this chapter,
unless the context otherwise requires, the following terms mean: (1) "Business"
includes every trade, occupation, and profession for profit. (2) "Disqualified person"
means any person who is not a qualified person. (3) "Distribution" except as otherwise
provided in Section 10A-8A-4.09(f), means a transfer of money or other property from a partnership
to another person on account of a transferable interest. (4) "Foreign limited liability
partnership" means a foreign partnership whose partners have limited liability for the
debts, obligations, or other liabilities of the foreign partnership under a provision similar
to Section 10A-8A-3.06(c). (5) "Foreign partnership" means a partnership governed
by the laws of a jurisdiction other than this state which would be a partnership if governed
by the laws of this state. The term includes a foreign limited liability partnership. (6)
"Limited liability...
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10A-8A-4.01
Section 10A-8A-4.01 Partner's rights and duties. (a) Each partner is deemed to have an account
that is: (1) credited with an amount equal to the money plus the value of any other property,
net of the amount of any liabilities, the partner contributes to the partnership and the partner's
share of the partnership profits; and (2) charged with an amount equal to the money plus the
value of any other property, net of the amount of any liabilities, distributed by the partnership
to the partner and the partner's share of the partnership losses provided that a partner shall
not be charged with any share of partnership loss attributable to a debt, obligation, or liability
for which the partner is not personally liable under Section 10A-8A-3.06 unless the loss is
satisfied out of partnership assets. (b) Each partner is entitled to an equal share of the
partnership profits and, subject to the limitations in subsection (a)(2) of this section,
is chargeable with a share of the partnership losses...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-4.01.htm - 3K - Match Info - Similar pages
16-1-41.1
Section 16-1-41.1 School board governance improvement. (a) This section shall be known and
may be cited as the School Board Governance Improvement Act of 2012. (b) The Legislature finds
and declares all of the following: (1) That the purpose of this section is to enhance the
effectiveness of public education governance in Alabama through the establishment of training
requirements, boardsmanship standards, and accountability measures that are designed to promote
informed deliberations and decisions, to revise the qualifications for serving as a member
of a local board of education, to provide for a code of conduct for each member of a local
board of education in order to better ensure that any decision or action of a local board
of education is based on the interests of students or the system, and to foster the development
and implementation of organizational practices that are designed to promote broad support
of the public schools. (2) A local board of education is the legally...
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16-33C-3
Section 16-33C-3 Definitions. The following terms as used in this chapter shall have the meanings
ascribed to them, unless the context clearly indicates otherwise: (1) ABLE PROGRAM. The Achieving
a Better Life Experience Program established pursuant to this chapter and defined in Section
529A of the Internal Revenue Code of 1986, as amended, or other applicable federal law, to
assist individuals and families to save private funds to support individuals with disabilities
to maintain health, independence, and quality of life. (2) ABLE SAVINGS ACCOUNT. An individual
ABLE trust fund account established by a contributor pursuant to this chapter to apply distributions
from the account toward qualified disability expenses for an eligible designated beneficiary,
both terms as defined in Section 529A of the Internal Revenue Code of 1986, as amended, or
other applicable federal law. (3) ABLE TRUST FUND. The fiduciary trust fund established pursuant
to this chapter comprised of separate and...
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19-3A-604
Section 19-3A-604 Application to existing trusts and estates. This chapter shall become applicable
on January 1, 2001, to every trust and decedent's estate already in existence on January 1,
2001, and to every testamentary trust to be created on or after January 1, 2001, from a decedent's
estate that is already in existence on January 1, 2001; provided, however, at any time prior
to January 1, 2003, any such pre-existing trust or decedent's estate (or testamentary trust
to be created from a pre-existing estate) shall have the right to elect to continue operating
under the law in effect prior to this chapter. Any fiduciary, income beneficiary, or presumptive
remainder beneficiary of an affected trust or estate shall have the right to make the election
to continue operating under the law in effect prior to this chapter, which election shall
be made by a written instrument delivered to, or executed by, the fiduciary and placed with
the fiduciary's records. The decision of whether to make...
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19-3D-2
Section 19-3D-2 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. DEFINITIONS. In this
chapter the following terms have the following meanings: (1) APPOINTIVE PROPERTY. The property
or property interest subject to a power of appointment. (2) ASCERTAINABLE STANDARD. A standard
relating to an individual's health, education, support, or maintenance within the meaning
of 26 U.S.C. Section 2041(b)(1)(A), as amended, or 26 U.S.C. Section 2514(c)(1), as amended,
and any applicable regulations. (3) AUTHORIZED FIDUCIARY. (A) A trustee or other fiduciary,
other than a settlor, that has the discretion to distribute or direct a trustee to distribute
part or all of the principal of the first trust to one or more current beneficiaries; (B)
a special fiduciary appointed under Section 19-3D-9; or (C) a special-needs fiduciary under
Section 19-3D-13. (4) BENEFICIARY. A person that: (A) has a present or...
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