|
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
11-81-244
Section 11-81-244 Application for funding; administration of program; powers and duties of
local governments; installation of improvements; assessments. (a) A real property owner in
a designated region may apply to a local government under a program for funding to finance
a qualified project and enter into a written contract with the local government. Costs of
the project incurred by the real property owner or the local government for such purposes
may be collected as an assessment, as authorized in Section 11-81-242. (b) A local government
may enter into a partnership with one or more other local governments for the purpose of providing
and financing qualified projects. (c) A qualified program may be administered by a for-profit
or nonprofit organization on behalf of and at the discretion of the local government. (d)
A local government may incur debt for the purpose of providing the improvements, payable from
revenues received from the improved real property, or any other available...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-244.htm - 5K - Match Info - Similar pages
6-5-225
exposure to liabilities for injuries and damages occurring long after the completion of their
professional architectural and engineering services and builders as defined from exposure
to liabilities for injuries and damages occurring long after the completion of their work,
the article imposes no unfair burden on the injured party for he or she is still afforded
an avenue of legal action to seek redress from those who are more likely to have been responsible
for or could have prevented such injury. (c) It is the legislative intent and purpose
to establish a single period of limitation for all civil actions, whether in tort, contract,
or otherwise, commenced against architects and engineers and builders, which limitation period
is two years from the date the cause of action accrues. This limitation period is equally
applicable to actions in tort which currently must be commenced within two years from the
date injury occurs, and those founded on contract which currently may be commenced...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-5-225.htm - 7K - Match Info - Similar pages
34-4-21
for a license as an apprentice auctioneer shall be 18 years of age or over and shall be a citizen
of the United States or legally present in this state. Each applicant for an auctioneer's
license shall: (1) have completed a prescribed course of study at an accredited auctioneering
school approved by the board; (2) have served one year as an apprentice auctioneer under a
licensed auctioneer in this state; (3) have been the principal auctioneer in at least five
auctions of either real or personal property during this period of time; and (4) furnish
satisfactory proof of these requirements to the board. An application shall also be accompanied
by a recommendation of an employing auctioneer. If an applicant has not completed a course
of study at an accredited auctioneering school, then he or she shall be required to serve
two years as an apprentice under a licensed auctioneer, and shall have been the principal
auctioneer in at least 10 auctions of real or personal property. (c) Any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-4-21.htm - 7K - Match Info - Similar pages
34-27A-4
Section 34-27A-4 Board created; composition; meetings; compensation. There is established the
Alabama Real Estate Appraisers Board. The board shall consist of nine members, one of whom
shall be a qualified individual from the general public, seven of whom shall be real property
appraisers, and, beginning on October 1, 2011, one of whom shall be a representative of an
appraisal management company. Each member of the board, except for the representative of the
appraisal management company, shall be a citizen of this state and no less than two of the
nine board members shall be of a minority race. The overall membership of the board shall
be inclusive and reflect the racial, gender, geographic, urban/rural, and economic diversity
of the state. The Governor shall appoint the members of the Real Estate Appraisers Board.
One appraiser member shall be appointed from each United States Congressional District in
this state. The term of each board member shall be three years; except that, of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27A-4.htm - 4K - Match Info - Similar pages
27-2-23
Section 27-2-23 Examinations - How conducted. (a) The examination may be conducted by the commissioner
or his accredited examiners at the offices wherever located of the person being examined and
at such other places as may be required for determination of matters under examination. (b)
Every person being examined, its officers, attorneys, employees, agents, and representatives,
shall make freely available to the commissioner or his examiners the accounts, records, documents,
files, information, assets, and matters in his possession or control relating to the subject
of the examination. (c) If the commissioner or examiner finds any account or record of an
insurer being examined to be inadequate or inadequately kept or posted for proper examination
of the condition and affairs of the examinee, he shall give written notice to such examinee
specifying: (1) The deficiencies to be corrected; and (2) A reasonable period within which
to correct the stated deficiencies. If the examinee fails...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-2-23.htm - 2K - Match Info - Similar pages
26-9-10
Section 26-9-10 Investment of funds of estate by guardian; limitation as to loans of funds
of ward. (a) Every guardian shall invest the funds of the estate in one or more of the following
forms in which the guardian has no interest and not otherwise: (1) Interest-bearing obligations
of the State of Alabama or of the United States or as to which the State of Alabama or the
United States has guaranteed the payment of both principal and interest. (2) Loans secured
by direct first mortgage on improved real estate located within the State of Alabama. Such
loans shall not exceed 50 percent of the actual value fixed by a competent appraiser or of
the value for which such real estate, with improvements, was assessed for taxation for the
last preceding tax year, whichever is the lower, except as provided in subdivision (3) of
this section. (3) Purchase of indebtedness secured by first real estate mortgages which have
been accepted for insurance by the Secretary of Housing and Urban Development...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/26-9-10.htm - 3K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-2A-3.htm - 3K - Match Info - Similar pages
34-27A-5
Section 34-27A-5 Rulemaking authority; powers and duties of board; immunity from suit. (a)
The board shall act by a majority vote of its members to adopt administrative rules necessary,
from time to time, to carry out this article. Rules of the board shall be adopted in compliance
with the Alabama Administrative Procedure Act, Chapter 22 of Title 41. (b) The board shall
have the following powers and duties: (1) To receive and process applications for licensure
for all classifications of real estate appraisers, including, but not limited to, "trainee
real property appraiser," "state registered real property appraiser," "licensed
real property appraiser," "certified residential real property appraiser,"
and "certified general real property appraiser" and any subsequent classifications
necessary to conform with the Financial Institutions Reform, Recovery and Enforcement Act
of 1989, Pub. L. No. 101-73, and any subsequent regulations issued pursuant thereto. (2) To
establish the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27A-5.htm - 5K - Match Info - Similar pages
43-8-1
the parent whose relationship is involved and excludes any person who is only a stepchild,
a foster child, a grandchild or any more remote descendant. (3) COURT. The court having jurisdiction
in matters relating to the affairs of decedents. This court in Alabama is known as the probate
court. (4) DAYS. That period of time as computed in accordance with section 1-1-4 and Rule
6(a), Alabama Rules of Civil Procedure. (5) DEVISE. When used as a noun, means a testamentary
disposition of real or personal property and when used as a verb, means to dispose
of real or personal property by will. (6) DEVISEE. Any person designated in a will
to receive a devise. In the case of a devise to an existing trust or trustee, or to a trustee
or trust described by will, the trust or trustee is the devisee and the beneficiaries are
not devisees. (7) DISTRIBUTEE. Any person who has received property of a decedent from his
personal representative other than as creditor or purchaser. A testamentary trustee
is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/43-8-1.htm - 8K - Match Info - Similar pages
|