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16-3-26
Section 16-3-26 Property control. The State Board of Education may hold, lease and rent real
and personal property and may make such repairs and improvements on all property under its
control as may be for the best interests of the schools and, subject to the approval of the
Governor, may acquire, sell and convey title to real estate. (School Code 1927, §58; Code
1940, T. 52, §32.)...
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40-12-150
Section 40-12-150 Real estate brokers and agents - Realty situated without the state. Every
person who shall sell or who shall offer to sell in this state any lots or land situated in
another state, or who offers to sell at auction or advertises any auction sale of town lots,
or the sale by auction or otherwise, or lots in any subdivision of lands situated in another
state shall pay an annual license tax to the state of $500. Before any license shall be issued
under this section, the party desiring to obtain such license shall cause to be recorded at
his own expense on the deed records in the office of the probate judge of the county in which
the license is applied for a full description of the lands or lots so offered for sale, together
with the location of same and, if the lands have been divided into lots shall, at his own
expense, file a map of said subdivision, which shall be recorded upon the plat book of the
county in the office of the judge of probate, and reference to said...
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16-47-191
Section 16-47-191 University authorized to acquire land for museum - Generally; cooperation
with others. The University of Alabama, in addition to other powers, shall have the right,
power and authority to acquire, in the name of the University of Alabama, by purchase, lease,
agreement, license, condemnation or otherwise, the fee simple interest in and to land in Tuscaloosa
and Hale Counties, Alabama for the purpose of developing, preserving, improving, protecting
or maintaining same as a museum, which shall include an archeological museum, historical shrine
and recreational area, and to accept, in fee or otherwise, lands donated, entrusted, conveyed
or devised for like purposes in said counties. It may contract and make cooperative agreements
with the federal government and its agencies, with municipalities, corporations, associations,
partnerships or individuals for the purpose of acquiring, planning, establishing, developing,
utilizing, operating, protecting or maintaining such...
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18-1A-22
Section 18-1A-22 Offer to purchase at full appraised value; amount of compensation; written
statement and summary; waiver valuation. (a)(1) Before commencing a condemnation action, the
condemnor shall establish an amount based on an appraisal, except as otherwise provided in
subsection (e), which it believes to be just compensation therefor and promptly shall submit
to the owner an offer to acquire the property for the full amount so established. (2) The
amount may not be less than the condemnor's established amount of just compensation for the
property. (b) In a total taking, the condemnor shall disregard any decrease or increase in
the fair market value of the property caused by the project for which the property is to be
acquired or by the reasonable likelihood that the property will be acquired for that project,
other than normal depreciation. (c)(1) The amount of compensation to which the owners and
other parties interested therein are entitled may not be reduced or diminished...
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27-2A-3
Section 27-2A-3 Materiality; scope; information to be reported. (a) Materiality. No acquisitions
or dispositions of assets need be reported, pursuant to Section 27-2A-2, if the acquisitions
or dispositions are not material. For purposes of this section, a material acquisition (or
the aggregate of any series of related acquisitions during any 30-day period) or disposition
(or the aggregate of any series of related dispositions during any 30-day period) is one that
is nonrecurring and not in the ordinary course of business and involves more than five percent
of the reporting insurer's total admitted assets as reported in its most recent statutory
statement filed with the insurance department of the insurer's state of domicile. (b) Scope.
(1) Asset acquisitions subject to this chapter include every purchase, lease, exchange, merger,
consolidation, succession, or other acquisition, other than the construction or development
of real property, by or for the reporting insurer or the...
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41-9-242
Section 41-9-242 Purpose of commission. The purpose of the Alabama Historical Commission, hereinafter
referred to as the commission, shall be to acquire in its own name or in the name of the State
of Alabama by purchase, devise, lease, assignment, license, condemnation, gift, bequest, transfer
or otherwise buildings, objects and sites deemed worthy of being preserved, improved, protected
and maintained for or on account of their particular historic, archaeological or architectural
significance, including adjacent properties deemed necessary for the proper setting, use and
administration of same, and said buildings, objects and sites shall include, but shall not
be limited to, the following: (1) Buildings in which events of great significance to Alabama's
or the nation's history have taken place and the sites surrounding them; (2) Birthplaces or
residences of outstanding personages and the sites surrounding them; (3) The sites of historic
or significant events in Alabama or United...
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44-1-52
Section 44-1-52 Powers. The youth services board shall have the following powers: (1) To appoint
the state youth services director and to fix his salary. (2) To institute and defend legal
proceedings in any court of competent jurisdiction and proper venue. (3) To contract with
any private person, organization or entity or any combination thereof capable of contracting,
if it finds such act to be in the public interest. (4) To establish and promulgate reasonable
rules, policies, orders and regulations for the carrying out of its duties and responsibilities.
(5) To purchase or lease land or to acquire property by eminent domain and to purchase, lease,
let, sell, exchange or otherwise transfer property, land or buildings in order to carry out
its duties and responsibilities under the provisions of this chapter. (Acts 1973, No. 816,
p. 1261, §§6, 15.)...
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7-2A-309
Section 7-2A-309 Lessor's and lessee's rights when goods become fixtures. (1) In this section:
(a) goods are "fixtures" when they become so related to particular real estate that
an interest in them arises under real estate law; (b) a "fixture filing" is the
filing, in the office where a record of a mortgage on the real estate would be filed or recorded,
of a financing statement covering goods that are or are to become fixtures and conforming
to the requirements of Section 7-9A-502(a) and (b); (c) a lease is a "purchase money
lease" unless the lessee has possession or use of the goods or the right to possession
or use of the goods before the lease agreement is enforceable; (d) a mortgage is a "construction
mortgage" to the extent it secures an obligation incurred for the construction of an
improvement on land including the acquisition cost of the land, if the recorded writing so
indicates; and (e) "encumbrance" includes real estate mortgages and other liens
on real estate and all other...
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10A-10-1.15
Section 10A-10-1.15 Merger. (a) For purposes of this section, the following words shall have
the respective meanings ascribed to them: (1) ALABAMA REAL ESTATE INVESTMENT TRUST. A real
estate investment trust organized in compliance with the provisions of this chapter. (2) BUSINESS
TRUST. a. An entity described in Section 10A-16-1.01. b. An unincorporated trust or association,
including an Alabama real estate investment trust, a common-law trust, or a Massachusetts
trust, which is engaged in business and in which property is acquired, held, managed, administered,
controlled, invested, or disposed of for the benefit and profit of any person who may become
a holder of a transferable unit of beneficial interest in the trust. (3) DOMESTIC LIMITED
LIABILITY COMPANY. A limited liability company as defined under the Alabama Limited Liability
Company Law. (4) DOMESTIC LIMITED PARTNERSHIP. A limited partnership as defined under the
Alabama Limited Partnership Law. (5) FOREIGN BUSINESS TRUST. A...
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14-2-29
Section 14-2-29 Facilities - Leasing - State or agency thereof. (a) The authority is hereby
authorized to enter into a lease or leases of any one or more facilities constructed, acquired,
reconstructed, renovated or improved by the authority under the provisions of this chapter
to and with the department and any other agency, board, commission, bureau or department of
the state which may be charged with the responsibility for the operation of any of the penal
or correctional institutions of the state. The department and any such other agency, board,
commission, bureau or department of the state and each of them are hereby authorized to lease
any such facilities from the authority. No such lease shall, however, be for a term longer
than the then current fiscal year of the state, but any such lease may contain a grant to
the state or its agency of successive options of renewing said lease on the terms specified
therein for any subsequent fiscal year or years of the state; provided, that...
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