32-20-30
Section 32-20-30 Transfer of interest by owner. (a) If an owner transfers his or her interest
in a manufactured home, other than by the creation of a security interest, he or she shall,
at the time of the sale of the manufactured home, execute an assignment and warranty of title
to the transferee in the space provided therefor on the certificate or as the department prescribes,
and cause the certificate and assignment to be mailed or delivered to the transferee or to
the department. (b) Except as provided in this section, the transferee promptly, after delivery
to him or her of the manufactured home, shall execute the application for a new certificate
of title in the space provided therefor on the certificate or as the department prescribes,
and cause the certificate and application to be mailed or delivered to a designated agent.
(c) Upon request of the owner or transferee, a lienholder in possession of the certificate
of title, unless the transfer was in breach of his or her security...
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32-8-35
Section 32-8-35 Application for first certificate. (a) The application for the first certificate
of title of a vehicle in this state shall be made by the owner to a designated agent, on the
form the department prescribes, and shall contain all of the following: (1) The current legal
name, current residence, and current mailing address of the owner. (2) A description of the
vehicle including the following data: Year, make, model, vehicle identification number, type
of body, the number of cylinders, color, and whether new or used. (3) The date of purchase
by applicant, the name and address of the person from whom the vehicle was acquired, and the
names and addresses of any lienholders in the order of their priority and the dates of their
security agreements. (4) Other information that the department may require. (b) If the application
is for a vehicle purchased from a dealer, it shall contain the name and address of any lienholder
holding a security interest created or reserved at the...
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32-20-34
Section 32-20-34 Suspension or revocation of certificate. (a) The department shall suspend
or revoke a certificate of title, subject to the appeal provisions of Chapter 2A of Title
40, when authorized by any other provision of law or if it finds either of the following:
(1) The certificate of title was fraudulently procured or erroneously issued. (2) The manufactured
home has been scrapped, dismantled, or destroyed. (b) Suspension or revocation of a certificate
of title does not, in itself, affect the validity of a security interest noted on it. (c)
When the department suspends or revokes a certificate of title, the owner or person in possession
of it, immediately upon receiving notice of the suspension or revocation, shall mail or deliver
the certificate to the department. (d) Should any person fail to comply with the provisions
of subsection (c) the department shall seize and impound the certificate of title which has
been revoked. It shall also be the duty of any peace officer, on...
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32-8-39
Section 32-8-39 Contents and effect of certificate. (a) Each certificate of title issued by
the department shall contain: (1) The date issued; (2) The current legal name and current
address of the owner; (3) The names and addresses of any lienholders in the order of priority
as shown on the application, or if the application is based on a certificate of title, as
shown on the certificate; (4) The title number; (5) A description of the vehicle including
the following data: year, make, model, vehicle identification number, type of body, number
of cylinders, whether new or used and if a new vehicle the date of the first sale of the vehicle
for use; and (6) Any other data the department prescribes. (b) Unless security is furnished
as provided in Section 32-8-36, a distinctive certificate of title shall be issued for a vehicle
last previously registered in another state or country, the laws of which do not require that
lienholders be named on a certificate of title to perfect their security...
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32-8-44
Section 32-8-44 Transfer of ownership - Generally. (a) If an owner transfers his interest in
a vehicle, other than by the creation of a security interest, he shall, at the time of the
delivery of the vehicle, execute an assignment and warranty of title to the transferee in
the space provided therefor on the certificate or as the department prescribes, and cause
the certificate and assignment to be mailed or delivered to the transferee or to the department.
(b) Except as provided in this section, the transferee shall, promptly after delivery to him
of the vehicle, execute the application for a new certificate of title in the space provided
therefor on the certificate or as the department prescribes, and cause the certificate and
application to be mailed or delivered to a designated agent. (c) Upon request of the owner
or transferee, a lienholder in possession of the certificate of title shall, unless the transfer
was a breach of his security agreement, deliver the certificate to the...
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32-8-49
Section 32-8-49 Suspension or revocation of certificates. (a) The department shall suspend
or revoke a certificate of title, subject to the appeal provisions of Chapter 2A of Title
40, when authorized by any other provision of law or if it finds: (1) The certificate of title
was fraudulently procured or erroneously issued; or (2) The vehicle has been scrapped, dismantled
or destroyed. (b) Suspension or revocation of a certificate of title does not, in itself,
affect the validity of a security interest noted on it. (c) When the department suspends or
revokes a certificate of title, the owner or person in possession of it shall, immediately
upon receiving notice of the suspension or revocation, mail or deliver the certificate to
the department. (d) Should any person fail to comply with the provisions of subsection (c)
of this section the department shall seize and impound the certificate of title which has
been revoked. It shall also be the duty of any peace officer, on notification to...
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33-5A-4
five calendar days of receipt of the notice of public auction, shall send a vessel interest
termination notice to the current owner and lienholder of record, if any, of the abandoned
or derelict vessel, as disclosed on the notice of public auction. The vessel interest termination
notice shall advise the owner and lienholder of record, if any, of all of the following: a.
The owner or lienholder's interest in the vessel, upon its sale, will be terminated pursuant
to this chapter. b. Any personal property and items contained in the vessel will be
disposed of in a manner determined by the person conducting the sale. c. The owner or lienholder
of record may redeem the vessel prior to the sale by providing reasonable proof of ownership
and satisfying any liens upon the vessel created pursuant to this chapter. d. All of the information
provided in the notice of public auction. e. The owner or other interested party's right to
appeal and contest the proposed sale of the vessel as...
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7-5-114
Section 7-5-114 Assignment of proceeds. (a) In this section, "proceeds of a letter of
credit" means the cash, check, accepted draft, or other item of value paid or delivered
upon honor or giving of value by the issuer or any nominated person under the letter of credit.
The term does not include a beneficiary's drawing rights or documents presented by the beneficiary.
(b) A beneficiary may assign its right to part or all of the proceeds of a letter of credit.
The beneficiary may do so before presentation as a present assignment of its right to receive
proceeds contingent upon its compliance with the terms and conditions of the letter of credit.
(c) An issuer or nominated person need not recognize an assignment of proceeds of a letter
of credit until it consents to the assignment. (d) An issuer or nominated person has no obligation
to give or withhold its consent to an assignment of proceeds of a letter of credit, but consent
may not be unreasonably withheld if the assignee possesses and...
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33-5-3
Section 33-5-3 Definitions. As used in this article, the following terms shall have the meanings
respectively ascribed to them in this section, unless the context clearly requires a different
meaning: (1) VESSEL. Every description of watercraft, other than a seaplane, capable of being
used as a means of transportation on the water, but such term shall not include vessels 12
feet in length or less when used solely on farm ponds of less than 50 acres in size. (2) WATERS
OF THIS STATE. Any waters within the territorial limits of this state and the marginal sea
adjacent to this state and the high seas when navigated as a part of a journey or ride to
and from the shore of this state; provided, however, that "waters of this state"
shall not be interpreted to mean any private pond which is not used for boat rentals or the
charging of fees for fishing therein. (3) OWNER. A person, other than a lienholder, having
the property in or title to a vessel. The term includes a person entitled to the...
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35-12A-4
Section 35-12A-4 Notice to lienholders. A manufactured dwelling community owner shall also
give a copy of the notice described in Section 35-12A-5 by certified or registered mail verified
by return receipt to any lienholder of the manufactured dwelling as shown on the records of
the office of the judge of probate in the county in which the manufactured dwelling is located,
the Alabama Department of Revenue, or the Secretary of State. For purposes of this chapter,
"lienholder" includes the holder of a security interest, mortgage, or other lien
on the manufactured dwelling and "lien" includes a security interest, mortgage,
or other lien. (Act 2003-516, 2nd Sp. Sess., p. 1537, §1; Act 2014-167, p. 475, §1.)...

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