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36-27-49
Section 36-27-49 Purchase of credit for active military service; limitations; termination date.
(a) Any active and contributing member of any one of the State of Alabama retirement systems
who has been such a member for 10 consecutive years and has not previously purchased credit
for military service with any one of the State of Alabama retirement systems may hereby claim
and purchase credit in his or her respective retirement system for up to four years' creditable
service for time which such member has served in the active full-time military service of
the Armed Forces of the United States, exclusive of any summer, weekend, or other part-time
active military service in any reserve or National Guard component of any branch of the armed
forces, provided said member has not received credit toward retirement status in such retirement
system for said military service, and further provided that such member shall receive no credit
for military service if such member is receiving military...
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31-12-3
Section 31-12-3 Military leave of absence from educational institution. Whenever any active
member of the Alabama National Guard or other reserve component of the Armed Forces of the
United States is called or ordered to active duty by the Governor to state active duty for
an emergency for 30 consecutive days or more or to federally funded duty, other than training,
for homeland security, an educational institution in this state in which the member is enrolled
shall grant the member a military leave of absence from their education. Individuals on military
leave of absence from their educational institution, upon release from military duty, shall
be restored to the educational status they had attained prior to their being ordered to military
duty without loss of academic credits earned, scholarships or grants awarded, or tuition and
other fees paid prior to the commencement of the military duty. It shall be the duty of the
educational institution to refund tuition or fees paid or to...
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36-27-4
Section 36-27-4 Membership - Generally; denial of membership; absence from service; military
service. (a) The membership of the retirement system shall be composed as follows: (1) All
persons who shall become employees after October 1, 1945, shall become members of the retirement
system as a condition of their employment. (2) Any person who is an employee on October 1,
1945, shall become a member as of that date unless, within a period of 90 days next following,
such employee shall file with the Board of Control on a form prescribed by the board a notice
of his or her election not to be covered in the membership of the system and a duly executed
waiver of all present and prospective benefits which would otherwise inure to him or her on
account of his or her membership in the retirement system. (3) An employee whose membership
in the retirement system is contingent on his or her own election and who elects not to become
a member may thereafter apply for and be admitted to membership...
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5-17-4
Section 5-17-4 Powers generally. (a) A credit union shall have all of the following powers:
(1) To receive the savings of its members either as payment on shares or as deposits, including
the right to conduct Christmas clubs, vacation clubs, and other thrift organizations within
the membership. (2) To accept deposits of fiduciary funds if a member is the beneficiary,
trustee, or personal representative and if the funds are part of the estate of a deceased
member. (3) To make loans to members. (4) To make loans to other credit unions, including
credit union service organizations. (5) To purchase loans from financial institutions, provided
a purchased loan is of the nature and type that the credit union could have originated itself.
(6) To make loans to a cooperative society or other organizations having membership in the
credit union. (7) To deposit funds in state and national banks, savings and loan associations,
the accounts which are insured by the Federal Deposit Insurance...
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35-12-71
of, or deliver to, or pay to, the owner or apparent owner as applicable, property that is subject
to this article. (6) INSURANCE COMPANY. An association, corporation, or fraternal or mutual
benefit organization, whether or not for profit, engaged in the business of providing life
endowments, annuities, or insurance, including, but not limited to, accidental, burial, casualty,
credit life, contract performance, dental, disability, fidelity, fire, health, hospitalization,
illness, life, malpractice, marine, mortgage, surety, wage protection, and workers'
compensation insurance. (7) MINERAL. Gas; oil; coal; other gaseous, liquid, and solid hydrocarbons;
oil shale; cement material; sand and gravel; road material; building stone; chemical raw material;
gemstone; fissionable and nonfissionable ores; colloidal and other clay; steam and other geothermal
resource; or any other substance defined as a mineral by the law of this state. (8) MINERAL
PROCEEDS. Amounts payable for the extraction,...
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38-14-1
Section 38-14-1 Definitions. As used in this chapter, the following terms shall have the following
meanings: (1) DEPARTMENT. The Department of Human Resources. (2) ELIGIBLE INDIVIDUAL or FAMILY
MEMBER. A person whose household income is equal to or less than 80 percent of the median
household income for the state or less than 200 percent of the federal poverty guidelines,
whichever is greater. (3) EMERGENCY. Payments for necessary medical expenses of the account
owner or family member, expenses to avoid the eviction of the account owner from the account
owner's primary residence, and for necessary living expenses following a loss of income (4)
FIDUCIARY ORGANIZATION. Any nonprofit, fund-raising organization that is exempt from taxation
under Section 501(c)(3) of the Internal Revenue Code, as amended; any certified community
development financial institution; any credit union chartered under federal or state law;
or any Indian tribe as defined in Section 4(12) of the Native American...
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8-6-2
Section 8-6-2 Definitions. When used in this article, unless the context otherwise requires,
the following terms shall have the meanings respectively ascribed to them by this section:
(1) COMMISSION or SECURITIES COMMISSION. The securities commission. (2) AGENT. Any individual
other than a dealer who represents a dealer or issuer in effecting or attempting to effect
sales of securities, but such term does not include an individual who represents an issuer
in: a. Effecting a transaction in a security exempted by subdivisions (1), (2), (3), (4),
(9) or (10) of Section 8-6-10; b. Effecting transactions exempted by Section 8-6-11; or c.
Effecting transactions with existing employees, partners, or directors of the issuer if no
commission or other remuneration is paid or given directly or indirectly for soliciting any
person in this state. A partner, officer, or director of a dealer or issuer is an agent if
he otherwise comes within this definition. (3) DEALER. Any person engaged in the...
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2-3A-2
Section 2-3A-2 Definitions. The following words and phrases used in this article, and others
evidently intended as the equivalent thereof, shall, in the absence of clear implication herein
otherwise, be given the following respective interpretations herein: (1) AFFILIATE. With respect
to any lender, any person, firm or corporation controlled by, or under common control with,
such lender, and any person, firm or corporation controlling such lender. (2) AGRICULTURAL
OPERATIONS. Farming, ranching, the production of agricultural commodities (including, without
limitation, the products of aquaculture and silvaculture) or the treating, processing, storing,
manufacturing, marketing, distribution or exporting of agricultural commodities; provided,
however, that such term shall not include any operation the principal purpose of which is
the selling at retail of agricultural commodities or related products; provided, further,
that costs of agricultural operations shall specifically include, but...
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36-27-16
Section 36-27-16 Retirement, etc., of employees; retirement allowances. (a)(1) RETIREMENT,
ETC., OF EMPLOYEES GENERALLY; ELIGIBILITY FOR SERVICE RETIREMENT BENEFITS. a. Any Tier I plan
member who withdraws from service upon or after attainment of age 60 and any Tier II plan
member who withdraws from service upon or after attainment of age 62 may retire upon written
application to the Board of Control setting forth at what time, not less than 30 days nor
more than 90 days subsequent to the execution and filing thereof, he or she desires to be
retired; provided, that any such member who became a member on or after October 1, 1963, shall
have completed 10 or more years of creditable service; provided further, that a Tier I plan
member employed as a state policeman shall be eligible to file application for service retirement
upon attaining age 52 and a Tier II plan member employed as a state policeman or employed
as a correctional officer, firefighter, or law enforcement officer as defined...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-16.htm - 34K - Match Info - Similar pages
5-19-22
Section 5-19-22 License to engage in business of making consumer loans or taking assignments
of consumer credit contracts - Required; exceptions; application; investigation; standards
for issuance; hearing; licensing under Small Loan Act; fees; participation in Nationwide Mortgage
Licensing System and Registry. (a) No creditor shall engage in any one or more of the following
activities without first having obtained a license from the administrator: (1) Making consumer
loans to Alabama residents, regardless of whether the creditor has a place of business in
Alabama or an employee residing in Alabama. (2) Making consumer loans originated by an individual
required to be licensed as a mortgage loan originator under the Alabama Secure and Fair Enforcement
for Mortgage Licensing Act of 2009. (3) Taking assignments of consumer credit contracts, either
from a place of business in Alabama or through use of an employee residing in Alabama whose
employment includes taking assignments of consumer...
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