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35-19-3
Section 35-19-3 Requirements for environmental covenants. (a) Any person, including a person
that owns an interest in the real property, an agency, or a municipality or other unit of
local government, may be a holder. An environmental covenant may identify more than one holder.
The interest of a holder is an interest in real property. (b) A right of an agency under this
chapter or under an environmental covenant, other than a right as a holder, is not an interest
in real property. (c) An agency is bound by any obligation it assumes in an environmental
covenant, but an agency does not assume obligations merely by signing an environmental covenant.
Any other person that signs an environmental covenant is bound by the obligations the person
assumes in the covenant, but signing the covenant does not change obligations, rights, or
protections granted or imposed under law other than this chapter except as provided in the
covenant. (d) The following rules apply to interests in real property...
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35-8-10
Section 35-8-10 Bylaws of association. The bylaws govern the administration and management
of the condominium property by the association. In addition to such other provisions as may
be desired, not inconsistent with this chapter or the declaration, the bylaws shall contain:
(1) The form of administration, indicating the titles of the officers and governing board
of the association, if any, and specifying the powers, duties, and manner of selection, removal,
and compensation, if any, of officers and board members. (2) The name and residence address
of the person designated as agent to receive service of process upon the association if the
association is not incorporated. Such agent must be a resident of this state. (3) The method
of calling meetings of unit owners, the percentage of unit owners or voting rights required
to make decisions regarding administration and management of the condominium property and
to constitute a quorum, but such bylaws may nevertheless provide that unit...
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35-8-18
Section 35-8-18 Blanket mortgage on condominium property. Notwithstanding any other provision
of this chapter, if the declaration or bylaws so permit, the entire condominium property or
some or all of the units included therein may be subject to a single or blanket mortgage constituting
a first lien thereon created by recordable instrument by all of the owners of the property
or units covered thereby; and any unit included under the lien of such mortgage may be sold
or otherwise conveyed or transferred subject thereto. The instrument creating any such mortgage
shall provide a method whereby any unit owner may obtain a release of his unit from the lien
of such mortgage and a satisfaction and discharge in recordable form upon payment to the holder
of the mortgage of a sum equal to the proportionate share attributable to his unit of the
then outstanding balance of unpaid principal and accrued interest and any other charges then
due and unpaid. Such proportionate share attributable to each...
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6-9-40
Section 6-9-40 Real and personal property; equity of redemption therein. Executions may be
levied: (1) On real property to which the defendant has a legal title or a perfect equity,
having paid the purchase money, or in which he has a vested legal interest in possession,
reversion, or remainder, whether he has the entire estate or is entitled to it in common with
others. (2) On personal property of the defendant, except things in action, whether he has
the absolute title thereto or the right only to the possession thereof for his own life, the
life of another or any shorter period, but this does not apply to a possession acquired by
a bona fide hiring of chattels. (3) On an equity of redemption in either land or personal
property. When any interest less than the absolute title is sold, the purchaser is subrogated
to all the rights of the defendant and subject to all his disabilities. (Code 1852, §2455;
Code 1867, §2871; Code 1876, §3209; Code 1886, §2892; Code 1896, §1890; Code...
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11-92-4
Section 11-92-4 Requirements as to acquisition and development of parks. The following procedure
shall be followed in acquiring and developing an industrial park: (1) The governing body of
any county or municipality shall determine by the adoption of a resolution duly entered on
its minutes that it shall become a participant or act alone in the acquisition and development
of an industrial park; (2) Any other county or municipality proposing to join as a participant
must adopt a similar resolution so stating within 90 days of the adoption of the resolution
referred to in subdivision (1) of this section; (3) Such resolutions must contain the following:
a. A legal description of the land proposed to be acquired, having sufficient specificity
to satisfy the requirements for a deed, and a finding that it is suitable for an industrial
park; b. The price, if any, for which the land will be acquired; c. The estimated cost of
developing the land as an industrial park and an outline of the plans...
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25-4-8
Section 25-4-8 Employer. (a) Employer, as used in this chapter, prior to January 1, 1978, shall
mean any employing unit which was so defined in this chapter prior to such date. After December
31, 1977, except as otherwise provided in this chapter, employer, as used in this chapter
shall mean: (1) Any employing unit which, after December 31, 1977: a. In any calendar quarter
in either the current or preceding calendar year paid, for service in employment, wages of
one thousand five hundred dollars ($1,500) or more; or b. For some portion of a day in each
of 20 different calendar weeks, whether or not such weeks were consecutive, in either the
current or the preceding calendar year, had in employment at least one individual (irrespective
of whether the same individual was in employment in each such day). (2) Any employing unit
which, having become an employer under this chapter, has not under Sections 25-4-130 and 25-4-131
ceased to be an employer subject to this chapter. (3) For the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-8.htm - 10K - Match Info - Similar pages
33-2-150
Section 33-2-150 Definitions. The words and phrases hereinafter set forth, wherever used in
this article, shall have the respective meanings hereinafter ascribed to them: (1) 1969 DOCKS
AMENDMENT. Amendment 288 of the Constitution of Alabama. (2) 1967 DOCKS AMENDMENT. Amendment
274 of the Constitution of Alabama. (3) 1957 DOCKS AMENDMENT. Amendment 116 of the Constitution
of Alabama. (4) THE STATE. The State of Alabama. (5) THE DEPARTMENT. The Alabama State Docks
Department and any department or agency of the state that may succeed to its duties. (6) FACILITIES.
Elevators, warehouses, docks, water and rail terminals, wharves, piles, quays, compresses,
storm haven facilities for all types of watercraft, channels between navigable waterways of
the state for the purpose of connecting such waterways and aiding the use thereof, and other
related structures, facilities and improvements, that may be needed for the convenient use
of the same. (7) 1957 DOCKS ACT. Article 1 of this chapter. (8)...
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35-8A-409
Section 35-8A-409 Resales of units. (a) Except in the case of a sale where delivery of an offering
statement is required, or unless exempt under Section 35-8A-401(b), a unit owner upon written
request by a purchaser of a unit previously disposed of, which written request must be made
within 14 days of the date the purchaser signs the contract with a purchaser, shall furnish
to a purchaser before the conveyance and in any event within 15 days of receipt of the written
request, a copy of the declaration, the bylaws, the rules, and the regulations of the association,
and a certificate containing: (1) A statement setting forth the amount of the periodic common
expense assessment; (2) A statement setting forth the amount of any unpaid common expense
or special assessments against the unit either past due or then due owing; (3) A statement
of any other assessments or fees assessed against the unit or the unit owner either past due
or then due and owing; (4) The most recent regularly prepared...
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37-4-150
Section 37-4-150 Electric transmission facilities. (a) This section shall be known and may
be cited as the Energy Security Act of 2015. (b) The Legislature hereby finds and declares
that due to the economic, financial, and service impacts associated with the development of
electric transmission facilities used for the furnishing of electric service to consumers
in this state, it is in the public interest to provide incumbent electric suppliers the right
to construct, own, operate, and maintain new transmission facilities that connect to their
own electric systems. The Legislature further finds and declares that providing incumbent
electric suppliers this right furthers their ability to satisfy their respective obligations
to provide service to Alabama consumers. This section implements these findings. (c) As used
in this section, the following words have the following meanings: (1) COMMISSION. The Alabama
Public Service Commission. (2) ELECTRIC TRANSMISSION FACILITY. Any transmission...
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40-14B-17
Section 40-14B-17 Vested premium tax credit - Pro rata allocation. (a) If the total premium
tax credits claimed by all certified investors exceeds the total limits on premium tax credits
established by subsection (a) of Section 40-14B-16, the Alabama Development Office shall allocate
the total amount of premium tax credits allowed under this chapter to certified investors
in certified capital companies on a pro rata basis in accordance with this chapter. (b) The
pro rata allocation for each certified investor shall be the product of: (1) A fraction, the
numerator of which is the amount of the premium tax credit allocation claim filed on behalf
of the investor and the denominator of which is the total amount of all premium tax credit
allocation claims filed on behalf of all certified investors. (2) The total amount of certified
capital for which premium tax credits may be allowed under this chapter. (c) On October 15,
2002, the Alabama Development Office shall notify each certified...
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