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16-33B-1
Section 16-33B-1 Definitions. As used in this chapter, unless the context clearly requires
a different meaning, the following words shall have the following meanings: (1) ACHE. The
Alabama Commission on Higher Education. (2) APPROVED LENDER. Any eligible institution, or
any bank, trust company, savings and loan association, credit union, pension fund, or insurance
company, whose primary consumer credit function is not the making of insured student loans
and which is examined and supervised by the appropriate state or federal regulatory agency
or any other institution or agency defined as an eligible lender in accordance with the Federal
Student Loan Law. (3) ELIGIBLE INSTITUTION. Any postsecondary educational institution which
is approved by the Alabama Commission on Higher Education for the purposes of this program.
However, an institution offering exclusively correspondence, independent study, or home study
courses is not an eligible institution. (4) FEDERAL STUDENT LOAN LAW. Title...
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27-27-29
Section 27-27-29 Principal place of business and home office of domestic insurers; maintenance
of assets in state; removal of records or assets; exceptions. (a) Every domestic insurer shall
have, and maintain, its principal place of business and home office in this state and shall
keep in this state complete records of its assets, transactions, and affairs in accordance
with such methods and systems as are customary or suitable as to the kind, or kinds, of insurance
transacted. (b) Every domestic insurer shall have, and maintain, its assets in this state,
or in a financial institution conducting business in this state except as to: (1) Real property
and personal property appurtenant to the real property lawfully owned by the insurer and located
outside this state. (2) The property of the insurer as may be customary, necessary, and convenient
to enable and facilitate the operation of its branch offices and regional home offices located
outside this state as referred to in subsection...
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40-16-8
Section 40-16-8 Exemptions and credits. All moneyed capital employed in the business the privilege
of engaging in which is hereby taxed and the shares of all financial institutions, as in this
chapter defined, shall be exempted from assessment and payment of ad valorem taxes, except
the moneyed capital and shares of any business hereby taxed which fails to make and file the
returns required by this chapter and to pay the tax levied by this chapter as and when in
this chapter provided. The real estate owned by every such financial institution shall not
be exempted. If any other tax other than the privilege tax levied by Article 2 of Chapter
14A, whether on property (other than ad valorem taxes on real estate), income, business or
any element thereof, except license taxes not in excess of those heretofore legally levied
and in effect, at any time after July 10, 1935, has been, or is at any time hereafter levied
by this state or by any political subdivision of this state on any financial...
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41-16-122
Section 41-16-122 Authority of division. (a) The division shall be authorized to collect fees
for transfer, handling, shipping, classification, warehousing, bidding, destruction, scrapping,
or other disposal of property and such other fees as may be deemed appropriate in order to
insure the continued efficient operation of the surplus property function of the department.
(b) The division shall be exclusively authorized to receive donated federal surplus property
from any source, including the General Services Administration (GSA), for distribution following
required federal guidelines in the same manner as state surplus property. The division shall
also be exclusively authorized to purchase GSA property of any nature including, but not limited
to, vehicles of any type for resale. (c) The division shall establish three accounts within
the State Treasury for the operation of the surplus property function as follows: (1) The
first account shall be known as the Federal Surplus Property...
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8-8-14
Section 8-8-14 Interest surcharge on loans or credit sales; refunds; maximum interest rate
indexed to prime rate; maximum interest rates for open-end credit plans. (a) In addition to
other lawful charges under various state laws, and notwithstanding any restrictions thereunder,
a legal licensed lending institution, a vendor making credit sales, any financial institution
operating in Alabama or any individual may, if provided in the contract, charge and collect
at the time of making a loan or credit sale, on each contract of loan or credit sale, an interest
surcharge of not more than six percent of the part of the amount financed, which is not in
excess of two thousand dollars ($2000). In addition to any rebate to which the debtor is otherwise
entitled, when any contract upon which an interest surcharge has been charged is prepaid in
full by any means within 90 days of date of the contract, the creditor shall refund or credit
the debtor with a pro rata portion of the interest surcharge,...
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27-19-8
Section 27-19-8 Mandatory policy provisions - Notice of claim; notice of disability continuance.
There shall be a provision as follows: "Notice of Claim: Written notice of claim must
be given to the insurer within 20 days after the occurrence or commencement of any loss covered
by the policy, or as soon thereafter as is reasonably possible. Notice given by, or on behalf
of, the insured or the beneficiary to the insurer at _____ (insert the location of such office
as the insurer may designate for the purpose), or to any authorized agent of the insurer,
with information sufficient to identify the insured, shall be deemed notice to the insurer."
In a policy providing a loss-of-time benefit which may be payable for at least two years,
an insurer may, at its option, insert the following between the first and second sentences
of the above provision: "Subject to the qualifications set forth below, if the insured
suffers loss of time on account of disability for which indemnity may be payable...
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40-18-293
Section 40-18-293 Alabama income and financial institution excise tax credit. (a) An Alabama
income and financial institution excise tax credit is hereby established for small businesses
that create new jobs paying more than ten dollars ($10) per hour. The credit shall equal one
thousand dollars ($1,000) and shall be available in the tax year during which the employee
has completed 12 months of consecutive employment. (b) The employer must have a net increase
in the total number of full time employees in Alabama on the last date of each tax year during
which employees are hired for which the employer claims a credit, over the number employed
in Alabama as of the last day of the tax year immediately preceding the first employment year.
The increase must equal or exceed the number of newly hired employees for which a credit is
sought by one employee for each newly hired employee for whom a credit is being sought for
the current year, plus one employee for all employees for whom credits...
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25-4-70
Section 25-4-70 Accrual; time and manner of payment; services in employ of Indian tribe. (a)
After contributions have been due under this chapter for two years, benefits shall become
payable from the fund to any employee who thereafter is or becomes unemployed and eligible
for benefits, and shall be paid through unemployment offices or such other agencies at such
times and in such manner as the secretary may prescribe. (b) Benefits based on service in
employment defined in subdivisions (a)(2) and (a)(3) of Section 25-4-10 shall be payable in
the same amount, on the same terms and subject to the same conditions as compensation payable
on the basis of other service subject to this chapter; except, that: (1) With respect to any
week of unemployment beginning after December 31, 1977, benefits shall not be paid based on
service in an instructional, research, or principal administrative capacity for any educational
institution for any such week commencing during the period between two...
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5-7A-62
Section 5-7A-62 Application to convert charter; written plan of conversion; authorizing resolution;
submission to superintendent; fee; tentative approval; vote of stockholders or members; directors;
articles of incorporation and bylaws; statement of superintendent's objections; amendment;
appeal of disapproval; application to FDIC; final approval and permit. Any savings institution
may apply to the superintendent for permission to convert its charter in order to do business
as a state chartered bank in accordance with the following procedures: (1) The board of directors
shall approve a written plan of conversion, the application for conversion and shall adopt
an authorizing resolution, all by a vote of a majority of all the directors. The plan of conversion
shall include a statement of: a. The proposed organization and management structure of the
resulting bank if the application were approved, and the proposed name under which it would
do business as a bank; b. The method and time...
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15-5-63
Section 15-5-63 Proof; forfeiture procedures. The state must prove to the court's reasonable
satisfaction that the proceeds, property, or instrumentality of any kind were used in, intended
to be used in, or derived from, a felony offense. Except as provided otherwise in this article,
the manner, method, and procedure for the seizure, forfeiture, condemnation, and disposition
shall be the same as that set out in Section 20-2-93 and Sections 28-4-286 through 28-4-290,
inclusive, except for the following: (1) An innocent owner's or bona fide lienholder's interest
in any type of property shall not be forfeited under this article for any act or omission
unless the state proves that the act or omission was committed or omitted with the knowledge
or consent of that owner or lienholder. (2) The state may stipulate that the interest of an
innocent owner or bona fide lienholder is exempt from forfeiture upon presentation of proof
of the claim. The state shall file the stipulation with the court...
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