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19-3A-201
Section 19-3A-201 Determination and distribution of net income. After the decedent's death,
in the case of a decedent's estate, or after an income interest in a trust ends, the following
rules apply: (a) If property is specifically given to a beneficiary by will or by trust, then
the fiduciary of the decedent's estate or of the terminating income interest shall distribute
the net income and net principal receipts to the beneficiary who is to receive the specifically
given property, subject to the following rules: (1) The net income and principal receipts
from the specifically given property are determined by including all of the amounts the fiduciary
receives or pays with respect to the specifically given property, whether such amounts accrued
or became due before, on, or after the date of the decedent's death or the date upon which
an income interest in a trust terminates, and by making a reasonable provision for amounts
that the fiduciary believes the decedent's estate or terminating...
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11-49B-10
Section 11-49B-10 Contracts to secure bonds and assumed obligations. As security for payment
of the principal of and the interest on bonds issued or obligations assumed by it, the authority
may do the following: (1) Enter into a contract or contracts binding itself for the proper
application of the proceeds of bonds and other funds, for the continued operation and maintenance
of any transit system owned by it, or any part of the system. (2) Impose and collect reasonable
rates for any service furnished by the system. (3) Promulgate rules and regulations respecting
any service furnished by the system. (4) Provide for the disposition and application of its
gross revenues received by the system. (5) Do any act or series of acts not inconsistent with
this chapter for the protection of the bonds and other obligations being secured by the authority.
(6) Assure that the revenues derived from the system, when added to all other moneys of the
authority, will be sufficient to operate and maintain...
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11-97-10
such corporation; provided, that any corporation may enter into contracts with the holders
of any of its bonds preventing such corporation from thereafter issuing general obligation
bonds or limiting the amount of such bonds that may thereafter be issued. To the extent permitted
by any contracts with the holders of outstanding bonds and any other contractual obligations
or requirements, any corporation may pledge any of its revenues or mortgage or assign any
of its assets, whether real or personal and whether tangible or intangible, to secure
the payment of any of its bonds. (b) As security for payment of the principal of and the interest
and premium, if any, on any bonds issued or assumed by it, any corporation may enter into
a contract or contracts, and adopt resolutions or other proceedings containing provisions
constituting a part of the contract or contracts with the holders of such bonds, pertaining
to, among other things, the following matters: (1) Pledging all or any part of...
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26-2A-6
Section 26-2A-6 Facility of payment or delivery; notice of payment. (a) Any person under a
duty to pay or deliver money or personal property to a minor may perform the duty,
in amounts as provided in this subsection, by paying or delivering the money or personal
property to: (1) Any person having the care and custody of the minor and with whom the minor
resides; (2) A guardian of the minor; or (3) The judge of probate of the county in which the
minor resides, if a resident of this state, or, if a nonresident, to the judge of probate
or like officer of the county in which the debtor or creditor resides. Payments under this
subsection must not exceed $5,000 if paid in a single payment, or $3,000 a year if paid in
a series of payments, and payments, by any person other than a conservator or judge, must
not exceed a maximum of $25,000 during the minority of the minor ward. The person obligated
to make payment is discharged of that duty or obligation by making the payment or delivery
and...
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34-13A-2
offspring, or other family members. b. Discuss the features, natural history, means of diagnosis,
genetic and environmental factors, and management of risk for genetic or medical conditions
and diseases. c. Identify, recommend, and coordinate genetic tests and other genetic related
diagnostic studies as appropriate for the genetic assessment consistent with practice-based
competencies provided by the ACGC. d. Integrate genetic test results and other genetic-related
diagnostic studies with personal and family medical history to assess and communicate
risk factors for genetic or medical conditions and diseases. e. Explain the clinical implications
of genetic tests and other genetic-related diagnostic studies and their results. f. Evaluate
the responses of the client or family to the condition or risk of recurrence and provide client-centered
counseling and anticipatory guidance. g. Identify and utilize community resources that provide
medical, educational, financial, and psychosocial...
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35-10-90
Section 35-10-90 Short title; application; definitions. (a) This article shall be known as
the Alabama Residential Mortgage Satisfaction Act. This article applies only to mortgages
securing residential real property located in this state which is used primarily for personal,
family, or household purposes and is improved by one to four dwelling units. Without limitation,
this article does not apply to mortgages on commercial or other types of property. This article
also does not apply to a security interest exclusively in one or more fixtures as defined
in Title 7, Article 9A. (b) For purposes of this article, the following terms shall have the
following meanings: (1) ENTITLED PERSON. The person or persons liable for payment or performance
of the obligation secured by the real property described in a security instrument. (2) EQUITY
LINE SECURITY INSTRUMENT. A security instrument securing, in whole or in part, indebtedness
created under a line of credit, a revolving or open-end credit...
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40-14A-23
Section 40-14A-23 Definition of net worth. (a) Net worth of corporation. The net worth of a
corporation shall equal the aggregate net amount of the following items determined as of the
first day of the corporation's taxable year and adjusted as required in this article: (1)
In the case of a corporation, the sum of the following: a. The issued capital stock and any
additional paid-in capital, without reduction for treasury stock; and b. Retained earnings,
but not less than zero, which shall include any amounts designated for the payment of dividends
until the amounts are definitely and irrevocably placed to the credit of stockholders subject
to withdrawal on demand, and (2) In the case of an entity taxed as a corporation under this
article that does not issue stock, the difference between the book value of the entity's assets
and liabilities, but not less than zero. (b) Net worth of limited liability entities. The
net worth of a limited liability entity shall be an amount equal to the...
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45-17-90.54
Project, Colbert County and the Cities of Sheffield, Tuscumbia, and Muscle Shoals may, upon
such terms and with or without consideration, as it may determine: (1) Lend or donate money
to, guarantee all or any part of the securities, or perform services for the benefit of, the
local public corporation. (2) Donate, sell, convey, transfer, lease, or grant to the local
public corporation or to RSA without the necessity of authorization at any election of qualified
voters, any real or personal property of any kind. (3) Do any and all things, whether
or not specifically authorized in this subpart not otherwise prohibited by law, that are necessary
or convenient to aid and cooperate with the local public corporation and RSA, in the development,
acquisition, construction, improvement, or financing of the Shoals Economic Development Project.
(4) Pay, or provide for, in whole or in part, the payment of the principal of, premium, if
any, or interest on the securities issued by a local...
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45-23A-22
Section 45-23A-22 Television cable system. (a) The provisions of this section shall apply only
to the City of Daleville in Dale County. (b) The municipal corporation of the City of Daleville
in Dale County shall have the right to establish, purchase, construct, maintain, and operate
a television cable system and to furnish television cable service to their residents and residents
of surrounding territory. (c) The municipal corporation is authorized to construct, lease,
purchase, or otherwise acquire television lines or cables for the furnishing of television
service from any point in this state or any other state to the municipal corporation and surrounding
territory. (d) For the purposes of this section such municipal corporation may exercise the
right of eminent domain. Such eminent domain proceedings shall be conducted in the manner
now provided by law. (e)(l) In payment for the purchase, construction, acquisition, extension,
or maintenance of the television cable system, the...
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45-28A-90
Section 45-28A-90 Television cable services. (a) This section shall apply only to the Town
of Sardis in Etowah County. (b) The municipal corporation of the Town of Sardis in Etowah
County shall have the right to establish, purchase, construct, maintain, and operate a nonexclusive
television cable system and to furnish television cable service to their residents and residents
of surrounding unincorporated areas of Etowah County not then served by an existing cable
television system or systems. (c) The municipal corporation is authorized to construct, lease,
purchase, or otherwise acquire television lines or cables for the furnishing of television
service from any point in this state or any other state to the municipal corporation and surrounding
territory. (d) For the purposes of this section such municipal corporation may exercise the
right of eminent domain. Such eminent domain proceedings shall be conducted in the manner
now provided by law. (e)(1) In payment of the purchase,...
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