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27-38-1
Section 27-38-1 Establishment of separate accounts by life insurers to provide for life insurance
or annuities and benefits incidental thereto. A life insurer organized under the laws of this
state may, by or pursuant to a resolution of its board of directors, establish one or more
separate accounts and may allocate thereto amounts, including without limitation proceeds
applied under optional modes of settlement or under dividend options, to provide for life
insurance or annuities, and benefits incidental thereto, payable in fixed or variable amounts
or both, subject to the following: (1) The income, gains, and losses, realized or unrealized,
from assets allocated to a separate account shall be credited to, or charged against, the
account, without regard to other income, gains, or losses of the insurer; (2) Except as provided
in this section, amounts allocated to any separate account, and accumulations thereon, may
be invested and reinvested without regard to any requirements or...
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34-27A-4
Section 34-27A-4 Board created; composition; meetings; compensation. There is established the
Alabama Real Estate Appraisers Board. The board shall consist of nine members, one of whom
shall be a qualified individual from the general public, seven of whom shall be real property
appraisers, and, beginning on October 1, 2011, one of whom shall be a representative of an
appraisal management company. Each member of the board, except for the representative of the
appraisal management company, shall be a citizen of this state and no less than two of the
nine board members shall be of a minority race. The overall membership of the board shall
be inclusive and reflect the racial, gender, geographic, urban/rural, and economic diversity
of the state. The Governor shall appoint the members of the Real Estate Appraisers Board.
One appraiser member shall be appointed from each United States Congressional District in
this state. The term of each board member shall be three years; except that, of the...
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34-8-7
Section 34-8-7 Exemptions from chapter; subcontractor requirements. (a) The following shall
be exempted from this chapter: (1) The practice of general contracting, as defined in Section
34-8-1, by an authorized representative or representatives of the United States Government,
State of Alabama, incorporated town, city, or county in this state, which is under the supervision
of a licensed architect or engineer provided any work contracted out by the representative
shall comply with the provisions of this chapter for general contractor. (2) The construction
of any residence or private dwelling. (3) A person, firm, or corporation constructing a building
or other improvements on his, her, or its own property provided that any of the work contracted
out complies with the definition in this chapter for general contractor. A municipal governing
body or municipal regulatory body may not enact any ordinance or law restricting or altering
this exemption. Any municipal ordinance or regulation...
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35-11-451
Section 35-11-451 Brokers lien generally; recording notice; notice requirements; enforcement
of lien. (a) A real estate broker shall have a lien, in the amount of the compensation agreed
upon by and between the broker and his or her client, upon commercial real estate or any interest
therein which is subject to and described in the brokerage agreement and owned by a client
or by a party whose commercial real estate may be liened if different from the client who
has received written notice from the broker in conformity with subsection (f) prior to obtaining
an interest in the commercial real estate through a purchase, lease, or conveyance. Commercial
real estate, or an interest therein, acquired by a person other than a client prior to receipt
of the notice from the broker required by this division is not subject to the lien provided
by this division. The lien shall arise: (1) Upon the satisfaction of each of: a. Conveyance
of the commercial real estate identified in and subject to the...
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40-14B-1
Section 40-14B-1 Definitions. As used in this chapter, the following terms shall have the following
meanings: (1) AFFILIATE. An affiliate of another person shall include any of the following:
a. A person who directly or indirectly either: 1. Beneficially owns 15 percent or more of
the outstanding voting securities or other voting ownership interests of the other person,
whether through rights, options, convertible interests, or otherwise; or 2. Controls or holds
power to vote 15 percent or more of the outstanding voting securities or other voting ownership
interests of the other person. b. A person owning 15 percent or more of the outstanding voting
securities or other voting ownership interests of which are directly or indirectly either:
1. Beneficially owned by the other person, whether through rights, options, convertible interests,
or otherwise; or 2. Controlled or held with power to vote by the other person. c. A partnership
or limited liability company in which the other person...
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40-18-412
Section 40-18-412 (Per Section 40-18-416, this section is repealed following the close of fiscal
year 2020) Approval of applications; agreements. (a) Following a review, if the Department
of Commerce should approve the application provided in Section 40-18-411(a), it shall forward
the application to the Renewal of Alabama Commission. (b) The Renewal of Alabama Commission
shall consider the application and shall approve it if it deems it worthy of approval. As
to improvements at industrial sites, the commission shall give preference to sites with at
least 1,000 acres of available space. As to applications for projects located in communities
which have the potential to provide additional funding separate from the Growing Alabama Credits,
the commission shall take into consideration whether such separate funding is to be provided
to the project which is the subject of the application. Meetings of the commission are subject
to Chapter 25A of Title 36. Notwithstanding the foregoing, the...
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41-10-622
Section 41-10-622 Definitions. When used in this division, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) APPROPRIATED FUNDS.
The tobacco revenues deposited in the special fund to the extent such revenues are appropriated
to the authority pursuant to Section 41-10-630. (2) AUTHORITY. The Alabama 21st Century Authority
authorized to be established pursuant to Section 41-10-623. (3) BONDS. Those bonds, including
refunding bonds, issued pursuant to this division. (4) GOVERNMENT SECURITIES. Any bonds or
other obligations which as the principal and interest constitute direct obligations of, or
are unconditionally guaranteed by, the United States of America, including obligations of
any federal agency to the extent such obligations are unconditionally guaranteed by the United
States of America and any certificates or any other evidences of an ownership interest in
such obligations of, or unconditionally guaranteed by, the United...
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41-10-651
Section 41-10-651 Legislative findings. (a) The Legislature finds and declares the following:
(1) That it is appropriate and necessary that measures be taken to secure to the citizens
of the state the benefits of a strengthening economy resulting from increased industrial development.
That among these benefits are diversification of available job opportunities, higher salaries,
better working conditions, lower consumer prices for industrial products, conservation and
efficient use of natural resources, and maximum utilization of technical skills possessed
by the citizens of the state. (2) That the police power of the state places upon the Legislature
the duties of ascertaining and determining when the welfare of the people requires the exercise
of such power. (3) That the public interest lies in the promotion of industry, and the welfare
of the people is so inextricably intertwined with industry and industrial development as to
make its well-being a matter of governmental concern. (4)...
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45-37-123.22
Section 45-37-123.22 Powers and duties of the pension board. (a) The pension board shall be
responsible for the general administration and proper operation of the plan, and shall administer
the plan for the exclusive benefit of the members and their beneficiaries, subject to the
specific terms of the plan. The pension board shall administer the plan in accordance with
its terms and shall have the power and discretion to construe the terms of the plan and the
act and to determine all questions arising in connection with the administration, interpretation,
and application of the plan. Any such determination by the pension board shall be conclusive
and binding upon all persons. The pension board may establish procedures, correct any defect,
supply any information, or reconcile any inconsistency in such manner and to such extent as
shall be deemed necessary or advisable to carry out the purpose of the plan; provided, however,
that any procedure, discretionary act, interpretation, or...
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45-49-31.07
Section 45-49-31.07 Distribution of funds. (a) If, after the board has distributed fifteen
dollars ($15) per capita to each association, there is additional money from the tax proceeds
as provided in Section 45-49-31.05, the board may distribute to the associations on a first
come, first serve basis. The association requesting additional funds shall submit plans for
a specific project and such additional funds shall be awarded at the discretion of the board.
The association shall be required to supply 15 percent of the amount of the request for additional
funds as matching funds. No money received from the board under Section 45-49-31.05 shall
be used as matching funds in order to comply with this subsection. In the event such tax proceeds
are insufficient to pay fifteen dollars ($15) per capita, the money shall be distributed on
a pro rata basis per capita. (b) This part shall be retroactive to January 1, 1983, in regard
to disbursement of funds, after passed by the Legislature and...
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