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32-8-87
Section 32-8-87 Dismantling, destroying, changing identity of vehicle; certificate requirements;
insurance claims; "total loss"; removal of identification numbers, plates, etc.;
transfer of salvage vehicles; inspections; "component parts"; rebuilt vehicles;
flood vehicles; online verifications. (a) Each owner of a motor vehicle and each person mentioned
as owner in the last certificate of title who scraps, dismantles, destroys, or changes the
motor vehicle in such a manner that it is not the same motor vehicle described in the certificate
of origin or certificate of title shall as soon as practicable cause the certificate of origin
or certificate of title, if any, and any other documents or information required by the department
to be mailed or delivered to the department for processing. The department shall, with the
consent of any holder of liens noted on the surrendered certificate, enter a cancellation
upon its records. Upon cancellation of a certificate of origin or certificate of...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
27-41-33
Section 27-41-33 Particular investments - Loans on personal property; chattel mortgages. In
connection with mortgage loans made under subdivisions (2) and (3) of Section 27-41-29, an
insurer may loan on the value of personal property items listed in the Department of Housing
and Urban Development Commitment for Insurance or the Veterans Administration Certificates
of Reasonable Value. Nothing in this section shall be deemed to prevent an insurer from taking
liens on personal property items as additional security for any investment eligible for investment
under this chapter. Domestic life insurance companies are authorized to invest, within the
limitations set forth in this section, in chattel mortgages resulting from the financing of
tangible personal property, which mortgages must constitute valid first liens on the chattels
mortgaged. The maximum amount of such mortgages to be admitted as assets shall not exceed
one half of the amount of surplus remaining after deducting from capital...
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35-6A-6
Section 35-6A-6 Determination of value of property; appraisal; notice and hearing. (a) Except
as otherwise provided in subsection (b) and subsection (c), if the court determines that the
property that is the subject of a partition action is heirs property, the court shall determine
the fair market value of the property by ordering an appraisal pursuant to subsection (d).
(b) If all cotenants have agreed to the value of the property or to another method of valuation,
the court shall adopt that value or the value produced by the agreed method of valuation.
(c) If the court determines that the evidentiary value of an appraisal is outweighed by the
cost of the appraisal, the court, after an evidentiary hearing, shall determine the fair market
value of the property and send notice to the parties of the value. (d) If the court orders
an appraisal, the court shall appoint a disinterested real estate appraiser licensed in this
state to determine the fair market value of the property assuming...
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11-99-5
Section 11-99-5 Determination of tax increment base; aggregate valuation of taxable property;
acquisition or lease of property by public entity; identification of property; notice. (a)
Upon the creation of a tax increment district or adoption of any amendment pursuant to subsection
(c) of this section, the tax increment base shall be determined. (b) Upon application in writing
by the local finance officer, the tax assessor (or the officer of the county performing the
duties of a tax assessor) for each county in which any part of the district is located shall
determine according to his or her best judgment from all sources available to him or her the
full aggregate value of the taxable property in the district located in that county. The aggregate
valuation from all such tax assessors or other such public officials, upon certification to
the local finance officer, shall constitute the tax increment base of the district. (c) If
the public entity creating a tax increment district in which...
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24-9-6
Section 24-9-6 Acquisition of tax delinquent properties. (a) The authority, at such times as
it deems to be appropriate, may submit a written request to the Land Commissioner of the Alabama
Department of Revenue for the transfer of the state's interest in certain properties to the
authority. Upon receipt of such request, the Land Commissioner shall issue a tax deed conveying
the state's interest in the property to the authority. The authority shall not be required
to pay the amount deemed to have been bid to cover delinquent taxes or any other amount in
order to obtain the tax deed. (b) (1) Delinquent property which may be transferred by the
Land Commissioner to the authority shall be limited to parcels which have been bid in for
the state pursuant to Chapter 10 of Title 40 for at least five years and the state's interest
in real property acquired pursuant to Chapter 29 of Title 40 for delinquent taxes administered
by the state and held for at least five years. (2) The Land...
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10A-2A-13.25
Section 10A-2A-13.25 After-acquired stock. (a) A corporation may elect to withhold payment
required by Section 10A-2A-13.24 from any stockholder who was required to, but did not certify
that beneficial ownership of all of the stockholder's stock for which appraisal rights are
asserted was acquired before the date set forth in the appraisal notice sent pursuant to Section
10A-2A-13.22(b)(1). (b) If the corporation elects to withhold payment under subsection (a),
it shall, within 30 days after the form required by Section 10A-2A-13.22(b)(2)(ii) is due,
notify all stockholders who are described in subsection (a): (1) of the information required
by Section 10A-2A-13.24(b)(1); (2) of the corporation's estimate of fair value pursuant to
Section 10A-2A-13.24(b)(2); (3) that they may accept the corporation's estimate of fair value,
plus interest, in full satisfaction of their demands or demand appraisal under Section 10A-2A-13.26;
(4) that those stockholders who wish to accept the offer shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-13.25.htm - 2K - Match Info - Similar pages
11-92-5
Section 11-92-5 Sale, etc., by municipalities or counties of property or interests in property;
ownership of parks by municipalities or counties. (a) Any municipality or county shall have
the power to sell and grant options to acquire any property or interest in property acquired
under the provisions of this chapter. (b) The sales price of any part of an industrial park
shall be no less than the greater of the consideration for purchase paid by the participants
plus the cost of all improvements made in the development of the property and the costs of
financing the acquisition and development, other than interest on any warrants, prorated on
the basis of the acreage involved, or the then fair market value of the property to be sold
as determined by an appraisal filed with each participant by a real estate appraiser whose
appraisals are accepted by local lending institutions. (c) It is not the intention of this
chapter to authorize any county or municipality to take permanent title to an...
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34-27A-2
Section 34-27A-2 Definitions. The following terms as used in this article shall have the following
meanings: (1) APPRAISAL. The act or process of developing an opinion of value of real property;
an opinion of the value of real property; of or pertaining to appraising real property and
related functions such as appraisal practice or appraisal services. (2) APPRAISAL FOUNDATION.
The Appraisal Foundation incorporated as an Illinois not-for-profit corporation on November
30, 1987. (3) APPRAISAL MANAGEMENT COMPANY. An external third party including, but not limited
to, a corporation, partnership, sole proprietorship, subsidiary, or limited liability company,
authorized either by a creditor of a consumer credit transaction secured by the principal
dwelling of a consumer or by an underwriter of or other principal in the secondary mortgage
markets, that oversees a network or panel of more than four certified or licensed appraisers
in a state or 25 or more nationally in a given year, that...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27A-2.htm - 6K - Match Info - Similar pages
18-1A-3
Section 18-1A-3 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ACTION. Condemnation
action. (2) APPRAISAL. An opinion as to the value of or compensation payable for property,
prepared by the owner or under the direction of an individual qualified by knowledge, skill,
experience, training, or education to express an opinion as to the value of property. (3)
BUSINESS. A lawful activity, whether or not for profit, other than a farm operation, conducted
primarily for the purchase, sale, lease, rental, manufacture, processing, or marketing of
products, commodities, or other property, or for providing services. (4) CONDEMN. To take
property under the power of eminent domain. (5) CONDEMNATION ACTION. Includes all acts incident
to the process of condemning property after commencement of suit until the entry of final
judgment. (6) CONDEMNEE. A person who has or claims an interest in...
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