|
5-5A-42
Section 5-5A-42 Adverse claims to deposits. Notice to any bank of an adverse claim to a deposit
standing on its books to the credit of any person shall not be effectual to cause said bank
to recognize said adverse claimant unless said adverse claimant shall also either procure
a restraining order, injunction or other appropriate process against said bank from a court
of competent jurisdiction in a civil action therein instituted by such claimant wherein the
person to whose credit the deposit stands is made a party and served with summons or shall
execute to said bank in form and with sureties acceptable to it, a bond indemnifying said
bank from any and all liability, loss, damage, costs and expenses for and on account of the
payment or recognition of such adverse claim or the dishonor of or failure to pay the check
or failure to comply with other order of the person to whose credit the deposit stands on
the books of said bank; provided, that this section shall not apply in any instance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-5A-42.htm - 1K - Match Info - Similar pages
7-4-213
Section 7-4-213 Medium and time of settlement by bank. (a) With respect to settlement by a
bank, the medium and time of settlement may be prescribed by Federal Reserve regulations or
circulars, clearing-house rules, and the like, or agreement. In the absence of such prescription:
(1) The medium of settlement is cash or credit to an account in a Federal Reserve bank of
or specified by the person to receive settlement; and (2) The time of settlement, is: (i)
With respect to tender of settlement by cash, a cashier's check, or teller's check, when the
cash or check is sent or delivered; (ii) With respect to tender of settlement by credit in
an account in a Federal Reserve bank, when the credit is made; (iii) With respect to tender
of settlement by a credit or debit to an account in a bank, when the credit or debit is made
or, in the case of tender of settlement by authority to charge an account, when the authority
is sent or delivered; or (iv) With respect to tender of settlement by a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-4-213.htm - 2K - Match Info - Similar pages
11-50-104
Section 11-50-104 Deposit of assessment proceeds in bank; manner of withdrawal thereof. All
proceeds arising from the collection of assessments levied under the provisions of this division
shall, as soon as collected, be deposited and shall be kept by the city or town official charged
with the duty of collecting assessments in some bank or banks paying interest on time deposits
to be designated by the council. Said collections shall not be deposited with the general
funds of the city or town but shall constitute a separate deposit to the account of "public
bond sewerage fund" and shall be drawn out on check or order, and the council may pass
the proper ordinances and regulations requiring countersignature of said check or order. (Acts
1923, No. 165, p. 134; Code 1923, §2117; Code 1940, T. 37, §642.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-104.htm - 1K - Match Info - Similar pages
23-7-20
Section 23-7-20 Securing of bonds - Trust indenture. (a) Bonds may be secured by a trust indenture
between the bank and a corporate trustee, which may be the State Treasurer or any bank having
trust powers or any trust company doing business in this state. A trust indenture may contain
provisions for protecting and enforcing the rights and remedies of the bondholders which are
reasonable and proper, including covenants setting forth the duties of the bank in relation
to the exercise of its powers and the custody, safekeeping, and application of its money.
The bank may provide by the trust indenture for the payment of the proceeds of the bonds and
all or any part of the revenues of the bank to the trustee under the trust indenture or to
some other depository, and for the method of its disbursement with safeguards and restrictions
prescribed by it. All expenses incurred in performing the obligations of the bank under the
trust indenture may be treated as part of its operating expenses....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-7-20.htm - 3K - Match Info - Similar pages
41-16-123
Section 41-16-123 Provisions applicable to certain property held by division. This section
shall apply only to that property that has been held by the division for a period of not less
than 60 days from the date the property is first published in the list of surplus property,
as set out in subsection (b) of Section 41-16-121, and not purchased by any eligible entity
as set out in subsection (e) of Section 41-16-120 as follows: (1) All contracts made by or
on behalf of the State of Alabama or a department, board, bureau, commission, institution,
corporation, or agency thereof, of whatever nature for the sale or disposal of tangible personal
property owned by the State of Alabama, other than the following: a. Alcoholic beverages.
b. Products of the Alabama Institute for Deaf and Blind. c. Barter arrangements of the state
prison system. d. Books. e. School supplies. f. Food. g. Property used in vocational projects.
h. Livestock. i. Property owned by any state college or university,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16-123.htm - 9K - Match Info - Similar pages
25-4-31
Section 25-4-31 Treasurer; separate accounts; disposition of interest and penalties. (a) The
secretary shall designate an employee of the unemployment compensation agency as treasurer
of the fund who shall pay all vouchers or checks duly drawn upon the fund, in such manner
as the secretary may prescribe. The secretary shall also designate an employee of the unemployment
compensation agency as alternate treasurer who, in case of extended absence of the treasurer
shall, upon written notice from the secretary, perform all duties of the treasurer. The treasurer
shall maintain within the fund the following separate accounts: A clearing account; an unemployment
trust fund account; an unemployment benefit payment account; a fraud interest penalty account;
and such other account or accounts as may be necessary for the payment of any federal unemployment
benefits. All moneys payable to the fund, upon receipt thereof by the secretary, shall be
forwarded to the treasurer who shall immediately...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-31.htm - 4K - Match Info - Similar pages
36-26-13
Section 36-26-13 Certification of payrolls, etc., for payment of state employees; actions to
recover moneys improperly paid, restrain improper payments, etc. It shall be unlawful for
the Comptroller, any county official, officer or employee or any other fiscal officer to draw
or issue any warrant on the State Treasury, county treasurer or county depository for the
payment of any salary or compensation to any person in the state service for personal services,
unless the payroll, estimate, voucher or account for such salary or compensation containing
the name of the person to be paid shall bear the certification of the director that the person
or persons named therein are employees of the state and are legally entitled to receive the
sums stated therein. Any sum paid contrary to any provision of this article or of any rule,
regulation or order thereunder may be recovered in an action maintained in the name of the
state by the Attorney General or by any citizen or taxpayer of Alabama from...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-26-13.htm - 2K - Match Info - Similar pages
16-33C-6
Section 16-33C-6 PACT Program generally. (a) The PACT Program is established as one college
savings alternative under the plan whereby purchasers enter into PACT contracts for the future
payment of tuition and mandatory fees at eligible educational institutions. The PACT Program
includes the PACT Trust Fund and the PACT Administrative Fund created pursuant to this chapter.
(b) The official location of the trust fund shall be the State Treasurer's office, and the
facilities of the State Treasurer shall be used and employed in the administration of the
fund including, but without limitation thereto, the keeping of records, the management of
bank accounts and other investments, the transfer of funds, and the safekeeping of securities
evidencing investments. The PACT Trust Fund is hereby created as the source for payment of
the PACT Program's obligations under PACT contracts. The amounts on deposit in the PACT Trust
Fund shall not constitute property of the state, and the state may have no...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-33C-6.htm - 5K - Match Info - Similar pages
45-49-120.27
Section 45-49-120.27 Certification of payroll. (a) It shall be unlawful for any county or city
official, officer, or employee, or any other officer, to pay or to cause to be paid any salary
or compensation to any person in the classified service for personal services unless the payroll,
estimate, voucher, or account for salary or compensation, containing the name of the person
to be paid shall bear the certification of the personnel director or the financial officer
of the jurisdiction where the employee is employed, that the person or persons named therein
are legally entitled to receive the sums stated therein. Any sum paid contrary to this part
or of any rule, regulation, or order thereunder may be recovered in an action maintained in
the name of the county or city or jurisdiction by the applicable county or city attorney or
by any citizen or taxpayer of the jurisdiction, from any officer who made, approved, or authorized
the payment or who signed or countersigned a voucher,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49-120.27.htm - 2K - Match Info - Similar pages
9-9-16
Section 9-9-16 Board of water management commissioners - Election of district treasurer. The
board of water management commissioners shall elect some competent person, corporation or
partnership as district treasurer, whose duty it shall be to receive all moneys derived from
tax collections, the sale of bonds or from any other source and to disburse the same in accordance
with the provisions of this article. The secretary shall also be eligible for the office of
treasurer. The said treasurer shall be required before entering upon the discharge of his
duties to give bond in such manner as shall be fixed by the board of water management commissioners,
payable to the water management district conditioned that he will well and truly account for
and pay out as provided by law all moneys received by him from whatever source, which bond
shall be signed by at least two sureties approved and accepted by said board of water management
commissioners. Said treasurer shall keep all funds received...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-9-16.htm - 1K - Match Info - Similar pages
|