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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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45-2-22.02
Section 45-2-22.02 Definitions. (a) The following words or phrases, or the plural thereof,
whenever they appear in this part, unless the context clearly requires otherwise, shall have
the meaning ascribed to them in this section: (1) AGREEMENT. Any agreement between
a wholesaler and a supplier, whether oral or written, whereby a wholesaler is granted the
right to purchase and sell a brand or brands of wine sold by a supplier. (2) ANCILLARY BUSINESS.
A business owned by a wholesaler, or by a substantial partner of a wholesaler, the primary
business of which is directly related to the transporting, storing, or marketing of the brand
or brands of wine of a supplier with whom the wholesaler has an agreement; or a business owned
by a wholesaler, a substantial stockholder of a wholesaler, or a substantial partner of a
wholesaler which recycles empty beverage containers. (3) DESIGNATED MEMBER. The spouse, child,
grandchild, parent, brother, or sister of a deceased individual who owned an...
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45-49-23.01
Section 45-49-23.01 Definitions. (a) The following words or phrases, or the plural thereof,
whenever they appear in this part, unless the context clearly requires otherwise, shall have
the meaning ascribed to them in this section: (1) AGREEMENT. Any agreement between
a wholesaler and a supplier, whether oral or written, whereby a wholesaler is granted the
right to purchase and sell a brand or brands of wine sold by a supplier. (2) ANCILLARY BUSINESS.
A business owned by a wholesaler, or by a substantial partner of a wholesaler, the primary
business of which is directly related to the transporting, storing, or marketing of the brand
or brands of wine of a supplier with whom the wholesaler has an agreement; or a business owned
by a wholesaler, a substantial stockholder of a wholesaler, or a substantial partner of a
wholesaler which recycles empty beverage containers. (3) DESIGNATED MEMBER. The spouse, child,
grandchild, parent, brother, or sister of a deceased individual who owned an...
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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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40-10-120
Section 40-10-120 When and by whom land may be redeemed. (a) Real estate which hereafter
may be sold for taxes and purchased by the state may be redeemed at any time before the title
passes out of the state or, if purchased by any other purchaser, may be redeemed at any time
within three years from the date of the sale by the owner, his or her heirs, or personal representatives,
or by any mortgagee or purchaser of such lands, or any part thereof, or by any person having
an interest therein, or in any part thereof, legal or equitable, in severalty or as tenant
in common, including a judgment creditor or other creditor having a lien thereon, or on any
part thereof; and an infant or insane person entitled to redeem at any time before the expiration
of three years from the sale may redeem at any time within one year after the removal of the
disability; and such redemption may be of any part of the lands so sold, which includes the
whole of the interest of the redemptioner. If the mortgage...
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40-12-253
Section 40-12-253 Ad valorem taxation of motor vehicles. (a) Effective January 1, 2000,
ad valorem taxes on motor vehicles shall be assessed and the tax collected forward on a current
basis to coincide with the collection of motor vehicle license taxes and registration fees.
(1) Ad valorem taxes on motor vehicles shall become due and payable on the first day of the
registration renewal month of the owner, the date the motor vehicle enters the State of Alabama,
the date the motor vehicle is removed from the inventory of a dealer, or the date on which
the motor vehicle is otherwise determined to be taxable, whichever comes first. Ad valorem
taxes on motor vehicles shall become delinquent on the first day of the month following the
registration renewal month for the owner or as otherwise provided by law. (2) Ad valorem tax
on motor vehicles shall be collected through the last day of the month which precedes the
assigned registration renewal month for the owner as provided in Section...
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45-37-21.03
Section 45-37-21.03 Definitions. (a) The following words or phrases, or the plural thereof,
whenever they appear in this part, unless the context clearly requires otherwise, shall have
the meaning ascribed to them in this section: (1) AGREEMENT. Any agreement between
a wholesaler and a supplier, whether oral or written, whereby a wholesaler is granted the
right to purchase and sell a brand or brands of wine sold by a supplier. (2) ANCILLARY BUSINESS.
A business owned by a wholesaler, or by a substantial partner of a wholesaler, the primary
business of which is directly related to the transporting, storing, or marketing of the brand
or brands of wine of a supplier with whom the wholesaler has an agreement; or a business owned
by a wholesaler, a substantial stockholder of a wholesaler, or a substantial partner of a
wholesaler which recycles empty beverage containers. (3) DESIGNATED MEMBER. The spouse, child,
grandchild, parent, brother, or sister of a deceased individual who owned an...
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16-13-98
Section 16-13-98 Preference and payment of warrants and care of fund. All warrants issued
hereunder by a county or city board of education shall be payable solely from the county or
city board of education's apportioned share of the proceeds of the special tax in respect
of which they were issued, but this shall not prohibit their payment from any other funds
which may be available therefor under any other provision of law; provided, that in no event
shall such warrants be payable from such other funds if the effect thereof would be to subject
such warrants to any constitutional debt limit or to any constitutional requirement that they
be authorized by vote of the qualified voters. All warrants issued hereunder shall be preferred
claims against the county or city board of education's apportioned share of said tax as herein
provided. All valid pledges of the said tax heretofore made, whether made to secure warrants
or otherwise, shall remain valid and effective, and successive pledges...
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19-3-120.2
Section 19-3-120.2 Standards for fiduciary investment and management. (a) When investing,
reinvesting, purchasing, acquiring, exchanging, selling and managing property for the benefit
of another, a trustee, executor, administrator, guardian, conservator or other fiduciary,
other than a trustee governed by Chapter 3B, shall act with the care, skill, prudence, and
diligence under the circumstances then prevailing that a prudent person acting in a like capacity
and familiar with such matters would use to attain the purposes of the account. In making
investment decisions, a fiduciary shall consider the role that the investment plays within
the account's overall portfolio of assets and may consider the general economic conditions,
the anticipated tax consequences of the investment, the anticipated duration of the account
and the needs of the beneficiaries of the account. (b) The propriety of an investment decision
is to be determined by what a fiduciary knew or should have known at the time...
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45-25-250.05
Section 45-25-250.05 Additional powers and rights. (a) The authority organized or operating
pursuant to this article shall, in addition to all other powers now or hereafter granted by
law, have the following powers and rights: (1) To borrow money for use for any of its corporate
purposes. (2) To sell, transfer, convey, grant options to purchase, or lease all or any part
of its system or systems for such consideration and on such terms as it shall deem advisable
and in the best interest of the authority. (3) To consent and agree to the assignment or payment
of any income received from the investment of any moneys or funds of the authority to any
other public corporation or public entity, including, without limitation, the county, of the
State of Alabama. (4) To loan or advance its funds to any person, at such, if any, interest
as it shall determine, for the purpose of financing the construction of a system or any part
thereof. (5) To contract with others for the construction of all or...
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