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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus
Lines Insurance Multi-State Compliance Compact Act is enacted into law and entered into with
all jurisdictions mutually adopting the compact in the form substantially as follows: PREAMBLE
WHEREAS, with regard to Non-Admitted Insurance policies with risk exposures located in multiple
states, the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted
and Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
37-16-7
Section 37-16-7 Civil action by owner of interest in real property subject to easement;
damages; condemnation; receipt of rights by grant or agreement; motice of installation; liability.
(a) If the owner of an interest in real property subject to an electric easement contends
that the owner's property has been taken, injured, or destroyed by the construction, installation,
use, or enlargement of broadband systems within the electric easement on the owner's property
and the electric easement does not expressly provide for such, the owner may file a civil
action in the circuit court for the county in which the property is located to recover damages
as specified by this section. All such actions must be brought within three years after
the later of: (1) August 1, 2019; or (2) the date broadband systems are first constructed
or installed within the electric easement on the owner's real property. Nothing in this chapter
shall revive any right or remedy which may have become barred by lapse...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-16-7.htm - 6K - Match Info - Similar pages
35-12-78
Section 35-12-78 Notification of abandoned property. (a) It is specifically recognized
that the state has an obligation to make an effort to notify apparent owners of abandoned
property in a cost-effective manner. (b) The Treasurer shall make at least one active attempt
to notify apparent owners of the existence of abandoned property held by the office of the
Treasurer. Within 12 months of the receipt of the property, the Treasurer shall mail a postcard
notification to the apparent owner containing all of the following information set forth in
the report filed by the holder: (1) The name of each person appearing to be the owner of the
property. (2) The last known address or location of each person appearing to be the owner
of the property. (3) A statement explaining that the property of the apparent owner is presumed
to be abandoned and has been delivered into the protective custody of the Treasurer. (4) A
statement that information about the property and its return to the owner is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-12-78.htm - 1K - Match Info - Similar pages
40-13-6
Section 40-13-6 Distribution of tax proceeds. (a) In each fiscal year when the funds
then on deposit in the special fund or funds created for retirement of the bonds equal the
amount needed to pay all the principal and interest becoming payable on the bonds within the
succeeding 12 months and the funds then on deposit in the reserve fund or funds created for
the bonds equal the maximum principal and interest becoming due on the bonds in any one year,
the severance tax proceeds remaining in the Alabama State Docks Bulk Handling Facility Trust
Fund, shall be distributed as provided herein; provided however, that if at the end of any
fiscal year of the state, beginning with the fiscal year ending September 30, 1987, the Director
of the Alabama State Docks Department shall have notified the Director of Finance in writing,
at least five days prior to the close of the fiscal year, that the revenues to be derived
by the Alabama State Docks Department from the operations of its coal handling...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-13-6.htm - 13K - Match Info - Similar pages
7-9A-314
Section 7-9A-314 Perfection by control. (a) Perfection by control. A security interest
in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper,
or electronic documents may be perfected by control of the collateral under Section
7-7-106, 7-9A-104, 7-9A-105, 7-9A-106, or 7-9A-107. (b) Specified collateral: Time of perfection
by control; continuation of perfection. A security interest in deposit accounts, electronic
chattel paper, letter-of-credit rights, or electronic documents is perfected by control under
Section 7-7-106, 7-9A-104, 7-9A-105, or 7-9A-107 when the secured party obtains control
and remains perfected by control only while the secured party retains control. (c) Investment
property: Time of perfection by control; continuation of perfection. A security interest in
investment property is perfected by control under Section 7-9A-106 from the time the
secured party obtains control and remains perfected by control until: (1) the secured party...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-314.htm - 1K - Match Info - Similar pages
35-12-79
Section 35-12-79 Custody by state; recovery by holder; defense of holder. (a) In this
article, good faith means honesty in fact in the conduct or transaction concerned. (b) Upon
payment or delivery of property to the Treasurer, the state assumes custody and responsibility
for the safekeeping of the property. A holder who pays or delivers property to the Treasurer
in good faith is relieved of all liability arising thereafter with respect to the property.
The payment or delivery of property to the Treasurer shall operate as a full, absolute and
unconditional release and discharge of the holder from any and all claims or demands of or
liability to any person entitled thereto, or to any other claimant or state, and the payment
or delivery may be pleaded as an absolute bar to any action brought against the holder by
any other person entitled thereto, or by any other claimant or state. Once properly pleaded,
the holder shall immediately and thereafter be relieved of and held harmless from...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-12-79.htm - 4K - Match Info - Similar pages
11-50-92
Section 11-50-92 Proceedings for sale of land upon failure of property owner to pay
assessment, installment or interest - Notice of sale; payment of assessment prior to sale;
cost of notice and sale charged against land, etc. (a) If the property owner who has not elected
to pay in installments fails to pay his assessment within 30 days or, having elected to pay
in installments, fails to pay the first installment within 30 days from the date of the assessment
or makes default in the payment of any annual or quarterly installment or the interest thereon,
the whole of such assessment shall immediately become due and payable, and the officer designated
by the council to collect such assessment shall proceed to sell the property against which
the assessment is made to the highest bidder for cash, but he shall first give notice by publication
once a week for three consecutive weeks in some newspaper published in the city or town or
of general circulation therein advertising the day of such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-92.htm - 1K - Match Info - Similar pages
40-10-191
Section 40-10-191 Holder of certificate to have first right to purchase tax lien; abandonment
of certificate. (a) The holder of a tax lien certificate shall have the first right to purchase
the tax lien relating to a subsequent delinquency on the property described in the tax lien
certificate of the holder. A holder of the certificate who exercises this right shall be entitled
to the same interest rate as shown on the previous tax lien certificate. The owner of the
property may pay the current year taxes due once the property owner redeems all outstanding
tax liens on the property. (b) In the event that a mortgagee is or becomes the holder of a
tax lien certificate, the mortgagee may add all costs, fees, interest, penalties, and taxes
regarding the tax sale to the principal of the loan. (c) A holder of a tax lien certificate
may abandon the certificate at any time upon notification given to the tax collecting official
and the surrender of the tax lien certificate. Abandonment of a tax...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-10-191.htm - 1K - Match Info - Similar pages
40-5-15
Section 40-5-15 Levy and sale of personal property - Application and disposition of
proceeds. The proceeds arising from such sale shall be applied to the payment of the expenses
of the sale and of the taxes, interest, and fees due from such taxpayer, and any balance remaining
shall be paid to the owner of the property, if present at the sale; if not present or if present
and he refuses to receive the same, the collector shall deposit such balance with the county
treasurer or, if there is no county treasurer, with such officer entrusted with the county
funds, taking a receipt therefor, and the same shall be kept as a special fund; and, whenever
the owner shall apply to the collector for such balance, the collector shall deliver to him
the receipts therefor, and upon presentation thereof by such owner, the officer with whom
such deposit was made shall pay to him the amount expressed in the receipt. But if such excess
is not called for in three years after such sale by the person entitled...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-5-15.htm - 1K - Match Info - Similar pages
11-54B-9
Section 11-54B-9 Collection of special assessment; procedures; claim of lien; interest,
penalties, and fees. (a) A self-help business improvement district ordinance shall provide
that the special assessment levied on the owners of the real property located within the geographical
area of the district shall be collected by the district management corporation. The collection
procedures utilized by the district management corporation shall include the mailing of a
notice of the special assessment to the person shown as owner of the property on the records
of the tax assessor in the following manner: (1) After October 1 of each year, the district
management corporation may levy the special assessment for services to be provided during
the following calendar year. (2) The assessment shall be due on December 1 and delinquent
on January 1 following the October levy. (3) Upon delinquency, interest and penalties may
be assessed in the amounts provided in subsection (d). (b) Notwithstanding...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-9.htm - 6K - Match Info - Similar pages
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