|
6-11-51
Section 6-11-51 Definitions. As used in this article the following words and terms shall
have the following meanings: (1) ANNUITY ISSUER. An insurer that has issued a contract to
fund periodic payments under a structured settlement. (2) DEPENDENTS. A payee's spouse and
minor children and all other persons for whom the payee is legally obligated to provide support,
including alimony. (3) DISCOUNTED PRESENT VALUE. The present value of future payments determined
by discounting the payments to the present using the most recently published applicable federal
rate for determining the present value of an annuity, as issued by the United States Internal
Revenue Service. (4) GROSS ADVANCE AMOUNT. The sum payable to the payee or for the payee's
account as consideration for a transfer of structured settlement payment rights before any
reductions for transfer expenses or other deductions to be made from the consideration. (5)
INDEPENDENT PROFESSIONAL ADVICE. Advice of an attorney, certified public...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-11-51.htm - 5K - Match Info - Similar pages
13A-12-200.8
Section 13A-12-200.8 Property subject to forfeiture for violation of this division;
procedures; hearing; forfeiture action; action for money judgment. (a) The following property
is subject to forfeiture: (1) All obscene material and material which is harmful to minors
used, intended to be used or obtained in violation of the provisions of this division; (2)
All moneys, negotiable instruments, and funds used, intended to be used, or obtained in any
violation of the provisions of this division; (3) All proceeds or receipts derived from property
which is subject to forfeiture pursuant to subdivisions (a)(1) and (a)(2) of this section.
(b) Property taken or detained under this section shall not be subject to replevin
but is deemed to be in the custody of the state, county or municipal law enforcement agency
subject only to the orders and judgment of the court having jurisdiction over the forfeiture
proceedings. When property is seized under this division, the state, county or municipal law...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/13A-12-200.8.htm - 7K - Match Info - Similar pages
24-9-8
Section 24-9-8 Quiet title and foreclosure action. (a) The authority may initiate a
quiet title action under this section to quiet title to real property held by the authority
or interests in tax delinquent property held by the authority by recording with the office
of the judge of probate in the county in which the property subject to quiet title action
is located a notice of pending quiet title action. The notice shall include the name of the
taxpayer whose interest was affected by the tax sale; the name of any other party as revealed
by a search and examination of the title to the property who may claim an interest in the
property; a legal description of the property; the street address of the property if available;
the name, address, and telephone number of the authority; a statement that the property is
subject to the quiet title proceedings under Act 2013-249; and a statement that any legal
interests in the property may be extinguished by a circuit court order vesting title to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-9-8.htm - 13K - Match Info - Similar pages
32-7-2
Section 32-7-2 Definitions. For the purposes of this chapter, the following terms shall
have the meanings respectively ascribed to them in this section, except in those instances
where the context clearly indicates a different meaning: (1) DIRECTOR. The Director of Public
Safety of the State of Alabama. (2) JUDGMENT. Any judgment which shall have become final by
expiration without appeal of the time within which an appeal might have been perfected, or
by final affirmation on appeal rendered by a court of competent jurisdiction of any state
or of the United States, upon a cause of action arising out of the ownership, maintenance
or use of any motor vehicle, for damages, including damages for care and loss of services,
because of bodily injury to or death of any person, or for damages because of injury to or
destruction of property, including the loss of use thereof, or upon a cause of action on an
agreement of settlement for those damages. (3) LICENSE. Any license, temporary instruction...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7-2.htm - 3K - Match Info - Similar pages
34-27-31
Section 34-27-31 Recovery Fund created; fees paid to fund; injured party's recovery
from fund; procedures, appeals, etc.; licensee to report any legal action taken against him
or her. (a) The commission shall establish and maintain a Recovery Fund from which an aggrieved
party may recover actual or compensatory damages, not including interest and court costs,
sustained only within the State of Alabama as a result of conduct of a broker or salesperson
in violation of Article 1 or 2 of this chapter or the rules and regulations of the commission.
(b) Notwithstanding any other provision to the contrary, payments from the Recovery Fund are
subject to the following conditions and limitations: (1) The fund shall not be obligated for
the acts or omissions of a broker or salesperson while acting on his or her own behalf or
on behalf of his or her child, spouse, or parent regarding property in which he or she or
his or her spouse, child, or parent has, or is attempting to acquire, an interest;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27-31.htm - 10K - Match Info - Similar pages
25-4-134
Section 25-4-134 Procedures for collection of delinquent contribution payments. (a)
Generally. The contributions, interest, and penalties required to be paid under this chapter
shall be a first and prior lien upon all property and rights to property, real or personal,
of any employer subject to this chapter. The lien shall arise at the time the contribution
report, or the payment of the contributions, as the case may be, was due to have been filed
with or made to the Department of Labor. The secretary may file in the office of the judge
of probate of any county in this state a certificate which shall show the name of the department
for which it is filed, the amount and nature of the contributions, interest, and penalties
for which a lien is claimed together with any costs that may have accrued, the name of the
employer against whose property a lien for such contributions, interest, and penalties is
claimed and the date thereof. An error in the certificate of the amount shall not...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-134.htm - 18K - Match Info - Similar pages
8-9B-9
Section 8-9B-9 Defenses, liability, and protection of transferee. (a) A transfer is
not voidable under Section 8-9B-5(a)(1) against a person that took in good faith and
for a reasonably equivalent value given the debtor or against any subsequent transferee that
took in good faith. (b) To the extent a transfer is avoidable in an action by a creditor under
Section 8-9B-8(a)(1), the following rules apply: (1) Except as otherwise provided in
this section, the creditor may recover judgment for the value of the asset transferred,
as adjusted under subsection (c), or the amount necessary to satisfy the creditor's claim,
whichever is less. The judgment may be entered against: (i) the first transferee of the asset
or the person for whose benefit the transfer was made; or (ii) any subsequent transferee,
other than: (A) a good-faith transferee that took for value; or (B) a subsequent transferee
of a person described in clause (A). (2) Recovery pursuant to Section 8-9B-8(a)(1)
or (b) of or from...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-9B-9.htm - 4K - Match Info - Similar pages
9-17-23
Section 9-17-23 Owners not to allow wells to get out of control, etc.; rights of board
upon failure of owners to control wells; powers, etc., of board to secure payment by owners
of costs and expenses of controlling or plugging wells. In order to protect further the natural
gas fields and oil fields in this state, it is hereby declared to be unlawful for any owner
to allow a well to go wild or to get out of control. The owner of any such well shall, after
24 hours written notice by the board given to him or to the person in possession of such well,
make reasonable effort to control such well. In the event of the failure of the owner of such
well within 24 hours after service of the notice above provided for to control the same, if
such can be done within the period, or to begin in good faith, upon service of such notice,
operations to control such well or upon failure to prosecute diligently such operations, then
the board shall have the right to take charge of the work of controlling...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-17-23.htm - 2K - Match Info - Similar pages
34-14A-15
Section 34-14A-15 Recovery fund. (a) The board may establish a Homeowners' Recovery
Fund for the purpose of consumer protection, consumer education, and consumer awareness. An
aggrieved homeowner may recover actual economic damages, not including interest and court
costs, sustained within the state as the direct result of conduct of a licensee in violation
of this chapter or the rules of the board from the Homeowners' Recovery Fund. Any payments
from the Homeowners' Recovery Fund shall be subject to the following limitations and conditions:
(1) The Homeowners' Recovery Fund shall make payments only to homeowners who file a complaint
with the board pursuant to the requirements of subsection (b) of Section 34-14A-8.
(2) The Homeowners' Recovery Fund shall not make payments based on consent judgments. (3)
Failure of the homeowner to follow any provisions of this chapter shall preclude payment from
the Homeowners' Recovery Fund. (b) The board, by rule, shall determine the maximum amount
of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-14A-15.htm - 6K - Match Info - Similar pages
19-3B-816
Section 19-3B-816 Specific powers of trustee. (a) Without limiting the authority conferred
by Section 19-3B-815, a trustee may: (1) collect trust property and accept or reject
additions to the trust property from a settlor or any other person, including, but not being
limited to, the authority to receive, collect, hold, and retain common or preferred stock
or other interests in the trustee or any related party; (2) acquire or sell property, for
cash or on credit, at public or private sale; (3) exchange, partition, or otherwise change
the character of trust property; (4) deposit trust money in an account in a regulated financial-service
institution; (5) borrow money, with or without security, and mortgage or pledge trust property
for a period within or extending beyond the duration of the trust; (6) with respect to an
interest in a proprietorship, partnership, limited liability company, business trust, corporation,
or other form of business or enterprise, continue the business or other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3B-816.htm - 10K - Match Info - Similar pages
|