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35-4-362
Section 35-4-362 Reversion of title to uncut timber. In all conveyances of standing timber,
by deed or other instrument, unless otherwise provided in said deed or other instrument, the
title to all timber not cut and removed within 10 years from the date of the deed or other
instrument conveying the same, or at the expiration of the time limit agreed upon by the parties,
shall revert to the grantor or grantors. (Acts 1919, No. 580, p. 836; Code 1923, §6959; Code
1940, T. 47, §49.)...
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40-22-1
Section 40-22-1 Deeds, bills of sale, etc. (a) Except as set out in subsection (b), no deed,
bill of sale, or other instrument of like character which conveys any real or personal property
within this state or which conveys any interest in any such property shall be received for
record unless the privilege or license tax is paid prior to the instrument being offered for
record as provided in subsection (c). (b) No privilege or license tax shall be required for
any of the following: (1) The transfer of mortgages on real or personal property within this
state upon which the mortgage tax has been paid. (2) Deeds or instruments executed for a nominal
consideration for the purpose of perfecting the title to real estate. (3) The re-recordation
of corrected mortgages, deeds, or instruments executed for the purpose of perfecting the title
to real or personal property, specifically, but not limited to, corrections of maturity dates
thereof, and deeds and other instruments or conveyances,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-22-1.htm - 9K - Match Info - Similar pages
35-4-360
Section 35-4-360 Time for cutting and removal of timber. (a) In all conveyances of standing
timber by deed or other instrument, wherein no provision is made as to when the grantee shall
cut and remove the timber, the grantee shall have 10 years in which to do so. (b) In all conveyances
of standing timber by deed or other instrument wherein it is stipulated that the grantee is
to have a reasonable time in which to cut and remove the timber, 10 years shall be deemed
a reasonable time. (Acts 1919, No. 580, p. 836; Code 1923, §§6956, 6957; Code 1940, T. 47,
§§46, 47.)...
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35-4-361
Section 35-4-361 Right-of-way over timberlands. In all conveyances of standing timber, by deed
or other instrument, containing no stipulation as to a right-of-way over and across the lands
on which the timber is situated, the grantee shall have a free right-of-way over and across
said lands for the purpose of cutting and removing the timber, provided he does not injure
any crops growing thereon or do any unnecessary damage to the lands or timber not included
in the contract. (Acts 1919, No. 580, p. 836; Code 1923, §6958; Code 1940, T. 47, §48.)...
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35-4-92
Section 35-4-92 Transfers of standing timber, trees, and cutting rights. Except as may be otherwise
provided by Article 9 of the Uniform Commercial Code, all conveyances, mortgages, and other
instruments executed hereafter for the purpose of transferring standing timber or trees, or
cutting rights with respect thereto, or an interest therein, whether such timber, trees, or
rights shall be real or personal property, shall be recorded in the county in which such timber
and trees are located in the same manner and books and under the same conditions that conveyances
of real property are recorded in such county and with like effect; and no such instrument
need be recorded elsewhere. Unless an instrument effecting such transfer and herein required
to be recorded is so recorded, any such transfer shall be inoperative and void as against
purchasers, mortgagees, and judgment creditors without notice. (Acts 1951, No. 629, p. 1084;
Acts 1965, No. 549, p. 811.)...
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35-4-151
Section 35-4-151 Error in any description sufficient to maintain civil action. In order to
authorize a person claiming title under the grantee in a deed, mortgage, or other conveyance
containing an erroneous description to maintain a civil action for the reformation of the
same, it shall not be necessary that there shall be any error in description in all the conveyances
constituting the chain of title from the grantor in the conveyance containing the erroneous
description to the complainant; but, if it shall reasonably appear that it was the purpose
or intention of each grantor to convey the land which was intended to be conveyed in said
deed, mortgage or other conveyance containing the erroneous description, the complainant shall
be entitled to a reformation of such deed, mortgage, or other conveyance. (Acts 1911, No.
227, p. 199; Code 1923, §6961; Code 1940, T. 47, §134.)...
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10A-9A-10.09
Section 10A-9A-10.09 Effect of merger. THIS SECTION WAS AMENDED BY ACT 2019-94 IN THE 2019
REGULAR SESSION, EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a)
When a merger becomes effective: (1) the surviving organization continues or, in the case
of a surviving organization created pursuant to the merger, comes into existence; (2) each
constituent organization that merges into the surviving organization ceases to exist as a
separate entity; (3) except as provided in the plan of merger all property owned by, and every
contract right possessed by, each constituent organization that ceases to exist vests in the
surviving organization without transfer, reversion, or impairment and the title to any property
and contract rights vested by deed or otherwise in the surviving organization shall not revert,
be in any way impaired, or be deemed to be a transfer by reason of the merger; (4) all debts,
obligations, and other liabilities of each constituent organization,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-9A-10.09.htm - 5K - Match Info - Similar pages
22-21-260
Section 22-21-260 Definitions. As used in this article, the following words and terms, and
the plurals thereof, shall have the meanings ascribed to them in this section, unless otherwise
required by their respective context: (1) ACQUISITION. Obtaining the legal equitable title
to a freehold or leasehold estate or otherwise obtaining the substantial benefit of such titles
or estates, whether by purchase, lease, loan or suffrage, gift, devise, legacy, settlement
of a trust or means whatever, and shall include any act of acquisition. The term "acquisition"
shall not mean or include any conveyance, or creation of any lien or security interest by
mortgage, deed of trust, security agreement, or similar financing instrument, nor shall it
mean or include any transfer of title or rights as a result of the foreclosure, or conveyance
or transfer in lieu of the foreclosure, of any such mortgage, deed of trust, security agreement,
or similar financing instrument, nor shall it mean or include any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-260.htm - 11K - Match Info - Similar pages
35-4-76
Section 35-4-76 Limitations on duration of option to purchase land. (a) No option to purchase
any interest in land, other than an option limited in favor of a lessee and exercisable at
a time not later than the end of the term of a lease or any extension or renewal thereof,
or an option to repurchase reserved by the grantor in a deed, shall be valid or enforceable
for a period of more than 20 years. If any such option may, by the terms of the instrument
creating it, continue to exist for longer than 20 years, it shall terminate and cease to be
enforceable 20 years after the time of its creation. Where the instrument creating any such
option shall place no limit upon the duration of the option or otherwise state the terms controlling
the duration of the option, the option shall cease to be enforceable two years after the time
of its creation. This section shall not apply to options created prior to January 31, 1972.
(b) Where an option to purchase land, or any interest therein, or any...
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40-22-2
Section 40-22-2 Mortgages, deeds of trust, etc., generally. No mortgage, deed of trust, contract
of conditional sale, or other instrument of like character which is given to secure the payment
of any debt which conveys any real or personal property situated within this state or any
interest therein or any security agreement or financing statement provided for by the Uniform
Commercial Code, except a security agreement or a financing statement relating solely to security
interests in accounts, contract rights, or general intangibles, as such terms are defined
in the Uniform Commercial Code, and except for the re-recordation of corrected mortgages,
deeds, or instruments executed for the purpose of perfecting the title to real or personal
property, specifically, but not limited to, corrections of maturity dates thereof, shall be
received for record or for filing in the office of any probate judge of this state unless
the following privilege or license taxes shall have been paid upon such...
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