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5-11A-8
Section 5-11A-8 Sale of bonds or securities for satisfaction of judgment against trust company.
When any person, firm or corporation has established by final court proceedings a claim against
said company to secure which said bonds or other securities were deposited and said claim
is not paid within 30 days by said company, the State Treasurer shall proceed forthwith to
sell a sufficient number of said bonds to pay the judgment against said company and pay said
judgment by paying the amount to the proper official of the court wherein said judgment exists.
(Acts 1980, No. 80-658, §5-11-8.)...
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35-12-85
Section 35-12-85 Action to establish a claim. A person aggrieved by a decision of the Treasurer
or whose claim has not been acted upon within 120 days after its filing may maintain an original
action to establish the claim in the Circuit Court of Montgomery County, Alabama, naming the
Treasurer as a defendant. In any proceeding for determination of a claim to property under
this article, the burden shall be upon the claimant to establish entitlement to the property
by a preponderance of evidence. The proceeding shall be brought by the claimant within 90
days after the decision of the Treasurer. (Act 2004-440, p. 755, §1.)...
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35-12-89
Section 35-12-89 Requests for reports and examination of records. (a) The Treasurer may require
a person who has not filed a report, or a person who the Treasurer believes has filed an inaccurate,
incomplete, or false report, to file a verified report in a form specified by the Treasurer.
The report must state whether the person is holding property reportable under this article,
describe property not previously reported or as to which the Treasurer has made inquiry, and
specifically identify and state the amounts of property that may be in issue. (b) The Treasurer,
at reasonable times and upon reasonable notice, may examine the records of any person to determine
whether the person has complied with this article. The Treasurer may conduct the examination
even if the person believes it is not in possession of any property that shall be reported,
paid, or delivered under this article. The Treasurer may contract with any other person to
conduct the examination on behalf of the Treasurer....
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6-10-43
Section 6-10-43 Effect of contest on sale of property and lien thereon. When a contest of a
claim of exemption has been instituted, the property in contest shall not be sold by the officer
until the contest is decided, but the lien thereon under the process or levy shall not be
destroyed or impaired by the pendency of the contest. (Code 1876, §2835; Code 1886, §2541;
Code 1896, §2067; Code 1907, §4194; Code 1923, §7916, Code 1940, T. 7, §659.)...
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11-51-7
Section 11-51-7 Effect of assessments and enforcement thereof by levy of execution upon and
sale of property generally; right of redemption of owner of property sold generally. After
the assessment has been corrected by the council or other governing body or board of assessors,
it has the force and effect of a judgment against the property, real or personal, assessed
and against the person owning the same and, at any time within five years after delinquency,
may be enforced by an execution issued by the clerk to be levied upon the property, real or
personal, which was so assessed for taxation if to be found and, if not, then upon any other
property, real or personal, belonging to the person against whom such taxes were assessed.
The execution may be in form provided by the council or other governing body, and may be levied
by the chief of police or other person designated by the council or other governing body,
and the property so levied upon may be sold by such officer upon notice...
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7-8-102
Section 7-8-102 Definitions. (a) In this article: (1) "Adverse claim" means a claim
that a claimant has a property interest in a financial asset and that it is a violation of
the rights of the claimant for another person to hold, transfer, or deal with the financial
asset. (2) "Bearer form," as applied to a certificated security, means a form in
which the security is payable to the bearer of the security certificate according to its terms
but not by reason of an indorsement. (3) "Broker" means a person defined as a broker
or dealer under the federal securities laws, but without excluding a bank acting in that capacity.
(4) "Certificated security" means a security that is represented by a certificate.
(5) "Clearing corporation" means: (i) a person that is registered as a "clearing
agency" under the federal securities laws; (ii) a federal reserve bank; or (iii) any
other person that provides clearance or settlement services with respect to financial assets
that would require it to...
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45-29-72
Section 45-29-72 Disposal of tangible personal property. (a) This section shall only apply
in Fayette County. (b) All contracts for the sale or disposal of tangible personal property,
equipment, or other items owned by or under the control of the county commission shall be
let by free and open competitive sealed bids. The chair of the county commission shall certify
to the description and condition of the property, shall give jurisdiction in writing for the
disposal of the property, shall estimate the value of the property, and shall keep the certification
as a part of the permanent record of the commission. Provided, however, tangible personal
property, equipment, or other items owned by or under the control of the county commission
may be sold at public auction once a year, after sufficient notice of the auction has been
given by the county commission. Provided further, that such tangible personal property, equipment,
or other items so owned by or under the control of the county...
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11-53B-9
Section 11-53B-9 Sale of property upon default. (a) Any property owner, notwithstanding his
or her default, may pay the assessment lien with interest and all costs if tendered before
a sale of the property. (b) The cost of any notice and sale resulting from a default on paying
an assessment shall constitute a charge against the property to be sold and shall be retained
out of the proceeds of the sale. (c) The officer making the sale shall execute a deed to the
purchaser, which shall convey all the rights, title, and interest which the party against
whose property the assessment was made had or held in the property at the date of making the
assessment or on the date of making the sale. Any surplus arising from the sale shall be paid
to the city or municipal treasurer to be kept as a separate fund by the treasurer for the
owner upon the responsibility of his or her official bond. The municipality may, by its agents,
purchase real estate sold as provided under this chapter and, in the...
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35-6-1
Section 35-6-1 Deposit of unclaimed money in county treasury; payment upon order of court.
(a) When a sale of premises is made, and no person appears to claim such portion of the money
as may belong to any nonresident or person whose name is unknown, the court shall require
such money to be deposited in the county treasury, subject to the further order of the court.
All money so required to be deposited shall be received by the county treasurer and paid upon
the order of the court. (b) When money is deposited in the county treasury under the provisions
of this chapter, the person or persons entitled to the same may, at any time, apply to the
court making the order of sale, and obtain an order for the same upon making satisfactory
proof to the court of his or her right thereto. (Code 1923, §§9336, 9337; Code 1940, T.
47, §§184, 185.)...
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40-29-33
Section 40-29-33 Application of proceeds of levy. (a) Collection of liability. Any money realized
by proceedings under this article (whether by seizure, by surrender under Section 40-29-24,
except pursuant to subsection (b)(2) thereof, or by sale of seized property) or by sale of
property redeemed by the State of Alabama (if the interest of the State of Alabama in such
property was a lien arising under the provisions of this title) shall be applied as follows:
(1) EXPENSE OF LEVY AND SALE. First, against the expenses of the proceedings; (2) SPECIFIC
TAX LIABILITY ON SEIZED PROPERTY. If the property seized and sold is subject to a tax imposed
under this title which has not been paid, the amount remaining after applying subdivision
(1) shall then be applied against such tax liability, including any penalty and interest,
(and, if such tax was not previously assessed, it shall then be assessed); (3) LIABILITY OF
DELINQUENT TAXPAYER. The amount, if any, remaining after applying subdivisions...
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