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32-8-87
Section 32-8-87 Dismantling, destroying, changing identity of vehicle; certificate requirements;
insurance claims; "total loss"; removal of identification numbers, plates, etc.;
transfer of salvage vehicles; inspections; "component parts"; rebuilt vehicles;
flood vehicles; online verifications. (a) Each owner of a motor vehicle and each person mentioned
as owner in the last certificate of title who scraps, dismantles, destroys, or changes the
motor vehicle in such a manner that it is not the same motor vehicle described in the certificate
of origin or certificate of title shall as soon as practicable cause the certificate of origin
or certificate of title, if any, and any other documents or information required by the department
to be mailed or delivered to the department for processing. The department shall, with the
consent of any holder of liens noted on the surrendered certificate, enter a cancellation
upon its records. Upon cancellation of a certificate of origin or certificate of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-8-87.htm - 32K - Match Info - Similar pages
10A-10-1.15
Section 10A-10-1.15 Merger. (a) For purposes of this section, the following words shall have
the respective meanings ascribed to them: (1) ALABAMA REAL ESTATE INVESTMENT TRUST. A real
estate investment trust organized in compliance with the provisions of this chapter. (2) BUSINESS
TRUST. a. An entity described in Section 10A-16-1.01. b. An unincorporated trust or association,
including an Alabama real estate investment trust, a common-law trust, or a Massachusetts
trust, which is engaged in business and in which property is acquired, held, managed, administered,
controlled, invested, or disposed of for the benefit and profit of any person who may become
a holder of a transferable unit of beneficial interest in the trust. (3) DOMESTIC LIMITED
LIABILITY COMPANY. A limited liability company as defined under the Alabama Limited Liability
Company Law. (4) DOMESTIC LIMITED PARTNERSHIP. A limited partnership as defined under the
Alabama Limited Partnership Law. (5) FOREIGN BUSINESS TRUST. A...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-10-1.15.htm - 10K - Match Info - Similar pages
40-10-198
Section 40-10-198 Rights and remedies of certificate holder. (a) Each holder of a tax lien
certificate shall be entitled to the same rights and remedies with respect to the collection
of the amounts due on such tax lien certificate as are available to the tax collecting official
with respect to the collection of delinquent taxes, including, but not limited to, the right
to institute garnishment proceedings against the taxpayer for the payment of taxes. (b) The
holder of a tax lien certificate shall not be entitled to charge the taxpayer for the release
or satisfaction of the tax lien any amount more than what would otherwise have been available
to the tax collecting official with respect to the collection of the delinquent tax. (Acts
1995, No. 95-408, p. 864, §20; Act 2018-577, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-10-198.htm - 1K - Match Info - Similar pages
40-5-12
Section 40-5-12 Payments by purchasers, lien holders or mortgagees of real estate. A purchaser,
lien holder, or mortgagee of real estate or personal property included in an assessment with
other real estate or personal property of the person to whom the real estate or personal property
was assessed or subject to the lien of taxes upon other real estate or personal property shall
not be required to pay the entire amount of taxes due by the person or corporation to whom
such real estate or personal property purchased or on which a lien or mortgage is held is
assessed, but may discharge the tax lien against such real estate or personal property purchased
or on which a lien or mortgage is held by paying to the tax collector of the county in which
such taxes are due and payable the actual amount of taxes due on such real estate or personal
property purchased or in which a lien or mortgage is held based on the taxable value of such
purchased or encumbered property as assessed for taxation by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-5-12.htm - 1K - Match Info - Similar pages
40-10-194
Section 40-10-194 Certificate of redemption. (a) The tax collecting official shall, upon application
to redeem a tax lien, and upon being satisfied that the person applying has the right to redeem
the tax lien, and upon payment of the amount due, issue to the person a certificate of redemption
appended to a copy of the certificate of tax lien, giving the date of redemption, the amount
paid, and by whom redeemed, and shall make the proper entries in the record of tax lien auctions
or sales in his or her office. (b) For each certificate of redemption, the tax collecting
official shall collect from the person to whom the certificate of redemption is issued a fee
of ten dollars ($10). (c) The holder of a certificate of redemption may record the certificate
with the recording officer of the county. (Acts 1995, No. 95-408, p. 864, §16.; Act 2018-577,
§1)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-10-194.htm - 1K - Match Info - Similar pages
7-8-503
Section 7-8-503 Property interest of entitlement holder in financial asset held by securities
intermediary. (a) To the extent necessary for a securities intermediary to satisfy all security
entitlements with respect to a particular financial asset, all interests in that financial
asset held by the securities intermediary are held by the securities intermediary for the
entitlement holders, are not property of the securities intermediary, and are not subject
to claims of creditors of the securities intermediary, except as otherwise provided in Section
7-8-511. (b) An entitlement holder's property interest with respect to a particular financial
asset under subsection (a) is a pro rata property interest in all interests in that financial
asset held by the securities intermediary, without regard to the time the entitlement holder
acquired the security entitlement or the time the securities intermediary acquired the interest
in that financial asset. (c) An entitlement holder's property...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-8-503.htm - 3K - Match Info - Similar pages
11-81-245
Section 11-81-245 Consent requirements; disclosure statement. (a)(1) Before entering into a
written contract with a local government, the real property owner shall provide, or the local
government shall obtain, a verified recordable copy of written consent and subordination agreement
signed by the holder of each existing mortgage or other lien on the relevant real property
stating that the mortgagee or other lienholder consents to the imposition of the assessment
and that the priority of the mortgage or other lien is subordinated to the assessment lien
in a form and substance acceptable to each mortgagee and other lienholder. The consent and
subordination agreement must be in a form that may be recorded in the appropriate recording
office in the county or counties where the real property is located, and the consent and subordination
agreement with the owner's assessment contract shall be recorded in that office. (2) This
subsection does not limit in any way the rights or authority of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-245.htm - 2K - Match Info - Similar pages
40-1-27
Section 40-1-27 Payment of taxes by lienors. The holder of any lien on real or personal property
may pay the tax thereon with interest and penalties and upon such payment shall be subrogated
to the lien of the state, county, or municipality, and the sum so paid shall bear legal interest
from the date of payment and may be collected in the same manner as the original claim of
the lienholder. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §906.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-1-27.htm - 754 bytes - Match Info - Similar pages
40-10-134
Section 40-10-134 Manner of sale of land bid in by state. When lands have been sold for taxes
and bought in for the State of Alabama and have not been redeemed or sold by the state and
a period of five years has elapsed from the date of sale to the state, the Land Commissioner,
with the approval of the Governor, may sell the same at private sale to any purchaser for
cash at the best price obtainable, irrespective of the amount of taxes due, after giving notice
as provided for in Section 40-10-133; provided that the holder of a tax lien certificate related
to such land shall be given the option to purchase such land for an amount equal to the best
price offered by any purchaser at a private sale. (Acts 1935, No. 194, p. 256; Code 1940,
T. 51, §317; Acts 1995, No. 95-408, p. 864, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-10-134.htm - 1K - Match Info - Similar pages
40-5-44
Section 40-5-44 Final settlements and payments by collectors. (a) On or before July 1 in each
year, the tax collector must make final settlement, under oath, with the Comptroller, of all
matters pertaining to the office of tax collector and pay over to the State Treasurer the
balance which may be found due from him or her for taxes with which he or she is chargeable
under the laws of the state, and at that time the tax collector must also account to the Comptroller
and pay over to the proper governmental authorities and any holder of a tax lien certificate
issued pursuant to Acts 1995, No. 95-408 all money received by the tax collector for the sale
of lands and other property which may have been sold for payment of taxes and also account
to the Comptroller for all lands bought by the state. The tax collector must also report under
oath to the Comptroller and pay over to the State Treasurer all escaped taxes assessed and
collected. For failure of any tax collector to make any of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-5-44.htm - 3K - Match Info - Similar pages
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