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7-2-506
Section 7-2-506 Rights of financing agency. (1) A financing agency by paying or purchasing
for value a draft which relates to a shipment of goods acquires to the extent of the payment
or purchase and in addition to its own rights under the draft and any document of title securing
it any rights of the shipper in the goods including the right to stop delivery and the shipper's
right to have the draft honored by the buyer. (2) The right to reimbursement of a financing
agency which has in good faith honored or purchased the draft under commitment to or authority
from the buyer is not impaired by subsequent discovery of defects with reference to any relevant
document which was apparently regular. (Acts 1965, No. 549, p. 811; Act 2004-315, p. 464,
§2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-2-506.htm - 1K - Match Info - Similar pages
11-51-44
Section 11-51-44 Lien for taxes. Such municipalities shall have a lien from, on, and after
October 1 of such municipal tax year upon each and every piece and parcel of property, real
and personal, for the payment of municipal taxes for that tax year which may be assessed against
the owners or upon such property for the use of such municipalities, which lien shall have
priority over all other liens, except for state and county taxes, and this lien shall exist
as to all land bid in by the state at tax sales for the annual tax thereafter assessed on
the value of the property so purchased in the event of the tax title failing. (Acts 1931,
No. 300, p. 337; Acts 1939, No. 57, p. 67; Code 1940, T. 37, §702.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-51-44.htm - 1017 bytes - Match Info - Similar pages
32-20-44
Section 32-20-44 Satisfaction. (a) Upon the satisfaction of a security interest in a manufactured
home for which the certificate of title is in the possession of the lienholder, he or she,
within 10 days after demand, shall execute a release of his or her security interest, in the
space provided therefor on the certificate or as the department prescribes, and mail or deliver
the certificate and release to the next lienholder named therein, or, if none, to the owner
or any person who delivers to the lienholder an authorization from the owner to receive the
certificate. The owner, other than a dealer holding the manufactured home for resale, shall
promptly cause the certificate and release to be mailed or delivered to the department, which
shall release the lienholder's rights on the certificate or issue a new certificate. (b) Upon
the satisfaction of a security interest in a manufactured home for which the certificate of
title is in the possession of a prior lienholder, the lienholder...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-20-44.htm - 2K - Match Info - Similar pages
35-6-124
Section 35-6-124 Appeals. Any of the parties, within 10 days thereafter, may appeal to the
circuit or Supreme Court from the decree of partition or sale, or from a decree confirming
or setting aside the commissioners' report, under the regulations governing appeals in other
cases from decrees of the probate court to the circuit or Supreme Court; and such decree may
be superseded pending the appeal by the appellant, on giving bond in double the amount of
the value of the interests of the other parties in the crops, with sufficient surety, to be
approved by the judge of probate, and with condition to have the crops forthcoming to abide
the decree to be finally rendered in the cause, and in the event of his failure to do so,
to pay all costs and damages arising therefrom. (Code 1876, §3530; Code 1886, §3279; Code
1896, §3204; Code 1907, §5250; Code 1923, §9354; Code 1940, T. 47, §247.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-6-124.htm - 1K - Match Info - Similar pages
8-19A-4
Section 8-19A-4 Exemptions. The provisions of this chapter do not apply to: (1) A person engaging
in commercial telephone solicitation where the solicitation is an isolated transaction and
not done in the course of a pattern of repeated transactions of like nature. (2) A person
making calls for religious, charitable, political, educational, or other noncommercial purposes
or a person soliciting for a nonprofit corporation if that corporation is properly registered
with the Secretary of State and is included within the exemption of the Alabama Revenue Code
or Section 501(c)(3) of the Internal Revenue Code or rural electric cooperatives formed under
Chapter 6 of Title 37 of the Code of Alabama or affiliates or subsidiaries thereof. (3) A
person soliciting: a. Without the intent to complete or obtain provisional acceptance of a
sale during the telephone solicitation. b. Who does not make the major sales presentation
during the telephone solicitation. c. Without the intent to complete, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-19A-4.htm - 9K - Match Info - Similar pages
9-9-37
Section 9-9-37 Bonds - Issuance. The board of water management commissioners may issue bonds
of the water management district from time to time for an amount equal in the aggregate to
the total cost of the improvement including all preliminary organization and administration
expenses not heretofore provided for, less such amounts as shall have been paid in cash to
the district treasurer. In no case, however, shall the par value of the bonds issued plus
such amounts as shall have been paid in cash to the district treasurer exceed 90 percent of
the aggregate of benefits assessed against the land or other property. The bonds shall be
numbered serially and shall bear interest not to exceed six percent per annum, payable semiannually,
and shall mature at annual intervals within 40 years commencing after a period of years not
later than five years to be determined by the board of water management commissioners, and
said bonds shall be signed by the president of the board of water management...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-9-37.htm - 3K - Match Info - Similar pages
18-1A-291
Section 18-1A-291 Distribution of award - Filing of claims by owners or parties; determination
of claims by probate court. Any one of the owners or parties alleged in the complaint to own
or hold any claim, interest or title in the lands sought to be condemned may, after the granting
of the application, file with the probate court his claim for his part or division of the
award made by commissioners; and upon the filing of such claim and upon the payment by the
plaintiff into probate court of such award, the probate court shall set down for hearing the
claim so filed by such party and determine the same. Upon such determination, the probate
court shall distribute the funds to each of the parties so entitled thereto in the sum and
manner in which the facts disclosed upon the hearing show each of said parties to be so entitled,
less all court costs arising from the filing of each such claim. (Acts 1985, No. 85-548, p.
802, §1622; Acts 1996, No. 96-558, p. 828, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/18-1A-291.htm - 1K - Match Info - Similar pages
27-36A-8
Section 27-36A-8 Reserve valuation method - Life insurance and endowment benefits. (a) Except
as otherwise provided in Sections 27-36A-9, 27-36A-12, and 27-36A-14, reserves according to
the commissioners reserve valuation method, for the life insurance and endowment benefits
of policies providing for a uniform amount of insurance and requiring the payment of uniform
premiums, shall be the excess, if any, of the present value, at the date of valuation, of
the future guaranteed benefits provided for by the policies over the then present value of
any future modified net premiums therefor. The modified net premiums for a policy shall be
the uniform percentage of the respective contract premiums for the benefits, excluding extra
premiums on a substandard policy, that the present value, at the date of issue of the policy,
of all modified net premiums shall be equal to the sum of the then present value of the benefits
provided for by the policy and the excess of subdivision (1) over...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-36A-8.htm - 4K - Match Info - Similar pages
10A-2-14.34
Section 10A-2-14.34 Election to purchase in lieu of dissolution. REPEALED IN THE 2019 REGULAR
SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) In a proceeding under Section 10A-2-14.30(2) to dissolve a corporation that has no shares
listed on a national securities exchange or regularly traded in a market maintained by one
or more members of a national or affiliated securities association, the corporation may elect
or, if it fails to elect, one or more shareholders may elect to purchase all shares owned
by the petitioning shareholder at the fair value of the shares. An election pursuant to this
section shall be irrevocable unless the court determines that it is equitable to set aside
or modify the election. (b) An election to purchase pursuant to this section may be filed
with the court at any time within 90 days after the filing of the petition under Section 10A-2-14.30(2)
or at a later time as the court in its discretion may allow. If...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-14.34.htm - 6K - Match Info - Similar pages
22-23B-6
Section 22-23B-6 Alabama Drinking Water Finance Authority - Powers. (a) The authority shall
have the following powers, among others specified by or required to implement the provisions
of this chapter: To have succession in its corporate name until the principal of and interest
on all bonds issued by it shall have been fully paid; To sue and be sued and to prosecute
and defend, at law and in equity, in any court having jurisdiction of the subject matter and
of the parties thereto; To have and to use a corporate seal and to alter such seal at pleasure;
To establish a fiscal year; To acquire in any manner and to hold title to or leasehold interests
in real and personal property and to sell, convey or lease the same for purpose of carrying
out its functions and duties hereunder; To construct and operate or lease to or from any public
body any one or more projects; To execute agreements obligating the authority to agree to
pay and to pay such portion of the estimated reasonable cost of the...
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