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10A-5-6.04
Section 10A-5-6.04 Death or incompetency of member. REPEALED IN THE 2014 REGULAR SESSION BY
ACT 2014-144 EFFECTIVE JANUARY 1, 2017. (a) Except as otherwise provided in the governing
documents: (1) If a member who is an individual dies or if a court of competent jurisdiction
adjudges a member to be incompetent to manage the member's person or property, the member's
personal representative, conservator, legal representative, heirs, or legatees may
exercise all the member's financial rights for the purpose of settling the member's estate
or administering the member's property, including any power the member had to transfer the
membership interest. (2) If a member is a corporation, limited liability company, trust, general
partnership, limited partnership, registered limited liability partnership, custodianship,
or other entity and is dissolved or terminated, the financial rights of that member may be
exercised by the legal representative or successor of that member. (b) The personal...
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19-3B-816
Section 19-3B-816 Specific powers of trustee. (a) Without limiting the authority conferred
by Section 19-3B-815, a trustee may: (1) collect trust property and accept or reject additions
to the trust property from a settlor or any other person, including, but not being limited
to, the authority to receive, collect, hold, and retain common or preferred stock or other
interests in the trustee or any related party; (2) acquire or sell property, for cash or on
credit, at public or private sale; (3) exchange, partition, or otherwise change the character
of trust property; (4) deposit trust money in an account in a regulated financial-service
institution; (5) borrow money, with or without security, and mortgage or pledge trust property
for a period within or extending beyond the duration of the trust; (6) with respect to an
interest in a proprietorship, partnership, limited liability company, business trust, corporation,
or other form of business or enterprise, continue the business or other...
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27-25-3
Section 27-25-3 Definitions. For the purposes of this chapter, the following terms shall have
the following meanings: (1) ABSTRACT OF TITLE. A compilation or summary of all instruments
of public record of whatever kind or nature which in any manner affect title to a specified
parcel of real property. (2) BUSINESS ENTITY. A domestic entity properly formed and existing
under Title 10A. (3) COMMISSIONER. The Commissioner of the Alabama Department of Insurance.
(4) INDIVIDUAL. A natural person. (5) NAIC. The National Association of Insurance Commissioners,
its subsidiaries and affiliates, and any successor thereof. (6) OPINION OF TITLE. A written
expression of the status of title, including, but not limited to, the validity or invalidity
thereof, based upon an examination by an attorney at law, who is licensed to practice law
in this state, of instruments of public record or an abstract thereof affecting title to a
specified parcel of real property to ascertain the history and present...
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29-2-201
Section 29-2-201 Conveyance of State House property to Legislative Building Authority. (a)(1)
For purposes of this article, State House property means the real property bordered by Union
Street, McDowell Lee Lane, Ripley Street, and Washington Avenue and the building, parking
deck, and improvements located thereon. (2) The Alabama Building Renovation Finance Authority,
hereafter referred to as ABRFA, created pursuant to Article 14 (commencing with Section 41-10-450)
of Chapter 10 of Title 41, shall execute and deliver on June 14, 2007, an appropriate deed
or deeds and accompanying documents conveying State House property in fee simple absolute
to the Legislative Building Authority. (3) Upon delivery of the deed and documents, the Legislative
Building Authority shall be invested with all rights and title to the State House property.
(4) The consideration for the conveyance shall be the amounts appropriated in Section 29-2-202.
This consideration is conclusively determined to be...
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35-4-433
Section 35-4-433 Liability for violations. (a) Any person who records or enters into an agreement
imposing a private transfer fee obligation in his or her favor after May 25, 2011, shall be
liable for: (1) Any and all damages resulting from the imposition of the private transfer
fee obligation on the transfer of an interest in the real property, including, but not limited
to, the amount of any transfer fee paid by a party to the transfer. (2) All attorney fees,
expenses, and costs incurred by a party to the transfer or mortgagee of the real property
to recover any private transfer fee paid or in connection with an action to quiet title. (b)
Where an agent acts on behalf of a principal to record or secure a private transfer fee obligation,
liability shall be assessed to the principal, rather than the agent. (Act 2011-260, p. 474,
§1.)...
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35-5A-2
court. (6) CUSTODIAL PROPERTY. a. Any interest in property transferred to a custodian under
this chapter and b. The income from and proceeds of that interest in property. (7) CUSTODIAN.
A person so designated under Section 35-5A-10 or a successor or substitute custodian designated
under Section 35-5A-19. (8) FINANCIAL INSTITUTION. A bank, trust company, savings institution,
or credit union, chartered and supervised under state or federal law. (9) LEGAL REPRESENTATIVE.
An individual's personal representative or conservator. (10) MEMBER OF THE MINOR'S
FAMILY. The minor's parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt,
whether of the whole or half blood or by adoption. (11) MINOR. An individual who has not attained
the age of 21 years. (12) PERSON. An individual, corporation, organization, or other legal
entity. (13) PERSONAL REPRESENTATIVE. An executor, administrator, successor personal
representative, or special administrator of a decedent's estate or a...
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40-29-30
Section 40-29-30 Legal effect of certificate of sale of personal property and deed of
real property. (a) Certificate of sale of property other than real property. In all cases
of a sale of property (other than real property) pursuant to Section 40-29-26, the certificate
of such sale: (1) AS EVIDENCE. Shall be prima facie evidence of the right of the officer to
make such sale, and conclusive evidence of the regularity of his proceedings in making the
sale; and (2) AS CONVEYANCES. Shall transfer to the purchaser all right, title, and interest
of the party delinquent in and to the property sold; and (3) AS AUTHORITY FOR TRANSFER OF
CORPORATE STOCK. If such property consists of stocks, shall be notice when received, to any
corporation, company, or association of such transfer, and shall be authority to such corporation,
company, or association to record the transfer on its books and records in the same manner
as if the stocks were transferred or assigned by the party holding the same, in...
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8-6-16
Section 8-6-16 Administrative cease and desist authority to commission; injunctive relief;
appointment of receivers or conservators for defendants or defendants' assets; court ordered
rescission, restitution, or disgorgement for violations. Whenever it appears to the Securities
Commission that any person has engaged in or is about to engage in any act or practice constituting
a violation of any provision of this article or any rule or order hereunder, it may, in its
discretion, do either or both of the following: (a) Issue a cease and desist order, with or
without a prior hearing, against the person or persons engaged in the prohibited activities,
directing them to cease and desist from engaging in the act or practice. (b) Bring an action
in its discretion in any court of competent jurisdiction to enjoin the act or practice and
to enforce compliance with this article or any rule or order issued hereunder. Upon a proper
showing, a permanent injunction, temporary restraining order, or...
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13A-10-1
on behalf of a government or the fire control activities of a member of a volunteer fire department.
(4) GOVERNMENTAL RECORD. Any record, paper, document, or thing belonging to, or received or
kept by, the government for information or record, or required by law to be kept by others
for information of the government. Any educational attendance, membership, or financial report,
or a student's school transcript. (5) PEACE OFFICER. Any public servant vested by law with
a duty to maintain public order or to make arrests for crime, whether that duty extends to
all crimes or is limited to specific crimes. (6) PROPERTY. Any real or personal property,
including books, records, and documents. (7) PUBLIC SERVANT. Any officer or employee of government,
including legislators and judges and any person or agency participating as an adviser, consultant,
or otherwise in performing a governmental function. (Acts 1977, No. 607, p. 812, §4501; Acts
1987, No. 87-804, p. 1578; Act 2006-423, §1.)...
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27-32-15
Section 27-32-15 Conduct of delinquency proceedings - Domestic and alien insurers. (a) Whenever
under this chapter a receiver is to be appointed in delinquency proceedings for a domestic
or alien insurer, the court shall appoint the commissioner as such receiver. The court shall
order the commissioner forthwith to take possession of the assets of the insurer and to administer
the same under the orders of the court. (b) As a domiciliary receiver, the commissioner shall
be vested by operation of law with the title to all of the property, contracts, and rights
of action and all of the books and records of the insurer, wherever located, as of the date
of entry of the order directing him to rehabilitate or liquidate a domestic insurer or to
liquidate the United States branch of an alien insurer domiciled in this state, and he shall
have the right to recover the same and reduce the same to possession; except, that ancillary
receivers in reciprocal states shall have, as to assets located in...
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