|
40-12-448
Section 40-12-448 Surety bond. (a) Except as provided in subsection (b), before being licensed
under this article, a person shall demonstrate proof of responsibility by depositing with
the commissioner a continuing surety bond in the amount prescribed under Section 40-12-398
from a company authorized to do business in the state. The bond must be approved by the commissioner,
payable to the state, and conditioned upon the faithful observance of all the provisions of
this article. The bond must also indemnify any person who suffers a loss by reason of failure
to observe the provisions of this article. (b) The department, by rule, may permit a surety
bond obtained under Section 40-12-398 to serve in lieu of the surety bond prescribed in subsection
(a). (Act 2019-244, ยง3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-12-448.htm - 1K - Match Info - Similar pages
2-8-164
Section 2-8-164 Expenditure of assessments. The funds derived from any assessments levied upon
the sale of hens as authorized under this article shall be used and expended by the certified
association, after such funds are remitted to it by the Commissioner of Agriculture and Industries,
for the purpose of promoting and stimulating, by advertising and other methods, the increased
use and sale of eggs and egg products, and such funds may also be used for the financing or
contributing toward the financing of research, experimental and educational programs for the
efficient and economical production, distribution, processing and marketing of eggs and egg
products. Any such certified association may enter into cooperative agreements with appropriate
agencies of any public or private institution or organization, and funds derived from assessments
to the extent agreed upon and approved may be contributed to such public or private institution
or agency for such research, experimental and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-164.htm - 2K - Match Info - Similar pages
2-8-286
Section 2-8-286 Expenditure of assessments. The funds derived from any assessments levied upon
the sale of catfish feed as authorized under this article shall be used and expended by the
certified association, after such funds are remitted to it by the Commissioner of Agriculture
and Industries, for the purpose of promoting and stimulating by advertising and other methods
the increased use and sale of catfish and catfish products, and such funds may also be used
for the financing or contributing toward the financing of research, experimental and educational
programs for the efficient and economical production, distribution, processing and marketing
of catfish and catfish products. The certified association may enter into cooperative agreements
with appropriate agencies of any public or private institution or organization, and funds
derived from assessments, to the extent agreed upon, may be contributed to such public or
private institution or agency for such research, experimental and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-286.htm - 2K - Match Info - Similar pages
2-8-57
Section 2-8-57 Expenditure of assessments. The funds derived from any assessments levied upon
the sale of swine as authorized under this article shall be used and expended by the certified
association, after such funds are remitted to it by the Commissioner of Agriculture and Industries,
for the purpose of promoting and stimulating by advertising and other methods the increased
use and sale of swine and swine products, and such funds may also be used for the financing
or contributing toward the financing of research, experimental and educational programs for
the efficient and economical production, distribution, processing and marketing of swine and
swine products. The certified association may enter into cooperative agreements with appropriate
agencies of any public or private institution or organization, and funds derived from assessments,
to the extent agreed upon, may be contributed to such public or private institution or agency
for such research, experimental and educational work...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-57.htm - 2K - Match Info - Similar pages
2-8-17
Section 2-8-17 Expenditure of assessments. The funds derived from any assessments levied upon
the sale of cattle as authorized under this article shall be used and expended by the certified
association, after such funds are remitted to it by the Commissioner of Agriculture and Industries,
for the purpose of promoting and stimulating by advertising and other methods the increased
use and sale of cattle and beef products. Any funds expended by the certified association
not authorized by a promotional program previously approved shall be deemed an unauthorized
and illegal expenditure of such funds. All funds approved for expenditure by any certified
association for an approved promotional program for the cattle industry as authorized under
this article are hereby appropriated for disbursement and expenditure by said certified association
to carry out any such approved promotional program or programs. It shall not be necessary
for the Legislature to make any specific or general...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-17.htm - 1K - Match Info - Similar pages
2-8-97
Section 2-8-97 Expenditure of assessments. The funds derived from any assessments levied upon
the sale of soybeans as authorized under this article shall be used and expended by the certified
association, after such funds are remitted to it by the Commissioner of Agriculture and Industries,
for the purpose of promoting and stimulating by advertising and other methods the increased
use and sale of soybeans and soybean products. Any funds expended by the certified association
not authorized by a promotional program previously approved shall be deemed an unauthorized
and illegal expenditure of such funds. All funds approved for expenditure by any certified
association for an approved promotional program for the soybean industry as authorized under
this article are hereby appropriated for disbursement and expenditure by said certified association
to carry out any such approved promotional program or programs. It shall not be necessary
for the Legislature to make any specific or general...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-97.htm - 1K - Match Info - Similar pages
40-17-335
Section 40-17-335 Surety bond. (a) Upon approval of the application by the department, the
applicant shall file with the department a surety bond as herein provided: (1) Except as provided
under subdivision (3), the bond amount for an applicant for a license as a supplier, permissive
supplier, or terminal operator shall be in the approximate amount of twice the average monthly
tax liability, not to exceed two million dollars ($2,000,000). (2) Except as provided under
subdivision (3), the bond amount for an applicant for a license as an exporter, blender, importer,
or distributor shall be a minimum of two thousand dollars ($2,000) or the approximate amount
of twice the average monthly tax liability, whichever is greater. (3) The bond for distributors,
suppliers, and permissive suppliers who are licensed with the department on October 1, 2012,
shall remain at the amount that is filed with the department on that date, except as provided
under subsection (b). (4) For an applicant for a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-335.htm - 4K - Match Info - Similar pages
2-29-4
Section 2-29-4 Bonds of commission merchants; institution of civil actions upon bonds. Before
any permit shall be issued, the applicant therefor shall make and execute to the State of
Alabama a surety bond in the penal sum of $1,000.00, said bond to be filed in the office of
the commissioner. Said bond is intended and shall be so conditioned as to secure the faithful
account for and payment to the consignor of the proceeds of all farm products handled or sold
by such commission merchants. Every such bond shall cover every transaction (within its scope)
occurring at any time after its filing and until 60 days after any new bond shall be filed.
If at any time the commissioner is of the opinion that the responsibility of any surety or
sureties on any existing bond is or is in danger of becoming impaired for any reason, he shall
require the giving of a new bond with good and sufficient surety or sureties. Subject to the
foregoing provision, upon issue of a new permit to a commission...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-29-4.htm - 1K - Match Info - Similar pages
2-8-246
Section 2-8-246 Expenditure of assessments; disbursements not subject to budget or allotment
requirements. The funds derived from any assessments levied upon the sale of wheat, corn,
grain sorghum, and oats as authorized under this article shall be used and expended by the
certified association after such funds are remitted to it by the Commissioner of Agriculture
and Industries for the purpose of promoting and stimulating by advertising and other methods
the increased use and sale of wheat, corn, grain sorghum, oats, and wheat, corn, grain sorghum,
and oats products. Any funds expended by the certified association not authorized by the promotional
program previously approved shall be deemed as an unauthorized and illegal expenditure of
such funds. All funds approved by the certified association for expenditure as required hereunder
by any certified association for an approved promotional program for the wheat, corn, grain
sorghum, and oat industry as authorized under this article are...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-8-246.htm - 1K - Match Info - Similar pages
8-7A-7
Section 8-7A-7 Security. (a) A licensee shall maintain a surety bond, letter of credit, or
other similar security in an amount, determined by rule or order of the commission, sufficient
to secure faithful performance of the obligations of the licensee with respect to money transmission
in Alabama. (b) Security must be in a form satisfactory to the commission and payable to the
commission for the benefit of any claimant against the licensee. (c) A claimant against a
licensee may maintain an action on the bond, or the commission may maintain an action on behalf
of the claimant. (d) A surety bond must cover claims for a minimum of five years after the
licensee ceases to provide money transmission services in this state. The surety bond may
be reduced or eliminated, at the discretion of the commission, to the extent the amount of
the licensee's outstanding payment instruments and stored-value obligations are less than
the surety bond coverage. (e) The commission has discretion to accept...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-7A-7.htm - 1K - Match Info - Similar pages
|