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25-13-2
Section 25-13-2 Definitions. (a) As used in this chapter, the following terms shall have the
following meanings: (1) ADMINISTRATOR. The Secretary of the Department of Labor or his or
her designee. (2) ASCE 21. American Society of Civil Engineers Automated People Mover Standards.
(3) ASME A17.1. The Safety Code for Elevators and Escalators, an American National Standard.
(4) ASME A17.3. The Safety Code for Existing Elevators and Escalators, an American National
Standard. (5) ASME A18.1. The Safety Standard for Platform Lifts and Stairway Chairlifts,
an American National Standard. (6) AUTOMATED PEOPLE MOVER. An installation as defined as an
automated people mover in ASCE 21. (7) BOARD. The Elevator Safety Review Board. (8) CERTIFICATE
OF OPERATION. A document issued by the administrator that indicates that the conveyance has
had the required safety inspection and tests, and fees have been paid as set forth in this
chapter. (9) CERTIFICATE OF OPERATION; TEMPORARY. A document issued by the...
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40-29-30
Section 40-29-30 Legal effect of certificate of sale of personal property and deed of real
property. (a) Certificate of sale of property other than real property. In all cases of a
sale of property (other than real property) pursuant to Section 40-29-26, the certificate
of such sale: (1) AS EVIDENCE. Shall be prima facie evidence of the right of the officer to
make such sale, and conclusive evidence of the regularity of his proceedings in making the
sale; and (2) AS CONVEYANCES. Shall transfer to the purchaser all right, title, and interest
of the party delinquent in and to the property sold; and (3) AS AUTHORITY FOR TRANSFER OF
CORPORATE STOCK. If such property consists of stocks, shall be notice when received, to any
corporation, company, or association of such transfer, and shall be authority to such corporation,
company, or association to record the transfer on its books and records in the same manner
as if the stocks were transferred or assigned by the party holding the same, in...
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8-1-171
Section 8-1-171 Conveyance of real estate by insane person not void if made in good faith.
(a) Whenever any person shall purchase in good faith and for a valuable consideration real
estate from an insane person without notice of such insanity, such contract and conveyance
shall not be void; but such insane person may recover from the vendee, or those claiming under
him, the difference between the market value of such real estate at the time of the sale and
the price paid therefor, with interest thereon, and shall have a lien on such real estate
to secure the same. (b) Purchasers from such vendee without notice of the insanity of the
original vendor shall be protected in like manner and have the benefits of this section. (Code
1907, §3347; Code 1923, §6822; Code 1940, T. 9, §41.)...
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10A-2-6.27
Section 10A-2-6.27 Restriction on transfer of shares and other securities. REPEALED IN THE
2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (a) The articles of incorporation, bylaws, an agreement among shareholders,
or an agreement between shareholders and the corporation may impose restrictions on the transfer
or registration of transfer of shares of corporation. A restriction does not affect shares
issued before the restriction was adopted unless the holders of the shares are parties to
the restriction agreement or voted in favor of the restriction. (b) A restriction on the transfer
or registration of transfer of shares is valid and enforceable against the holder or a transferee
of the holder including an executor, administrator, trustee, guardian, conservator or other
fiduciary entrusted with like responsibility for the person or estate of the holder, provided
the restriction is authorized by this section and, as provided by...
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27-14-3
Section 27-14-3 Insurable interest - Personal insurance; preneed contracts. (a) Insurable interest
with reference to personal insurance is an interest based upon a reasonable expectation of
pecuniary advantage through the continued life, health, or bodily safety of another person
and consequent loss by reason of his or her death or disability or a substantial interest
engendered by love and affection in the case of individuals closely related by blood or by
law. (b) An individual has an unlimited insurable interest in his or her own life, health,
and bodily safety and may lawfully take out a policy of insurance on his or her own life,
health, or bodily safety and have the same made payable to whomsoever he or she pleases, regardless
of whether the beneficiary so designated has an insurable interest. (c) A corporation, foreign
or domestic, has an insurable interest in the life or physical or mental ability of any of
its directors, officers, or employees, or the directors, officers, or...
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8-6-71
Section 8-6-71 (Repealed effective January 1, 1997) Definitions. For the purposes of this article,
unless the context otherwise requires, the following terms shall have the meanings respectively
ascribed to them by this section: Assignment. Such term includes any written stock power,
bond power, bill of sale, deed, declaration of trust, or other instrument of transfer. Claim
of beneficial interest. Such term includes a claim of any interest by a decedent's legatee,
distributee, heir or creditor, a beneficiary under a trust, a ward, a beneficial owner of
a security registered in the name of a nominee or a minor owner of a security registered in
the name of a custodian, or a claim of any similar interest whether the claim is asserted
by the claimant, a fiduciary, or by any other authorized person on his behalf and includes
a claim that the transfer would be in breach of fiduciary duties. Corporation. A private or
public corporation, association, or trust issuing a security. Fiduciary. An...
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15-5-62
Section 15-5-62 Definitions. For the purposes of this article, the following words shall have
the following meanings: (1) FELONY OFFENSE. Any act that could be charged as a felony criminal
offense under the Code of Alabama 1975, whether or not a formal criminal prosecution or delinquent
proceeding began at the time the forfeiture was initiated. (2) FINANCIAL INSTITUTION. A bank,
credit union, or savings and loan association. (3) INNOCENT OWNER. A bona fide purchaser or
lienholder of property that is subject to forfeiture, including any of the following: a. A
person who has a valid claim, lien, or other interest in the property seized who did not know
or consent to the conduct that caused the property to be forfeited, seized, or abandoned under
subdivision (1) of Section 15-5-63. b. A person who did not participate in the commission
of a crime or delinquent act giving rise to the forfeiture. c. A victim of an alleged criminal
offense. (4) INSTITUTED PROMPTLY. The filing by the district...
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27-24-2
Section 27-24-2 Sole surety - Corporations. Except as provided in Section 27-24-4, whenever
any person or corporation is, or may be, required or permitted to execute bond or other undertaking,
of whatsoever nature, with surety, or sureties, for the faithful discharge or performance
of the duties of any state, county, municipal, precinct, township, district, or corporate
office or position or of any position of public or private trust or employment for the faithful
discharge or performance of any duty or for the doing or not doing of anything in such bond
or undertaking specified or when any person or corporation is required or permitted to execute
any bond or other undertaking, of whatsoever nature, with surety or sureties, in any judicial
proceeding or as guardian, executor, administrator, receiver, assignee, or trustee, the court,
officer, or person having authority or charged with the duty of approving such bond or undertaking
may, if such bond or undertaking is otherwise...
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9-11-31
Section 9-11-31 Game breeder's license - Sales by licensee; nonindigenous game breeder option.
(a) Any person, firm, corporation, or association holding a game breeder's license as provided
in Section 9-11-30 may sell live protected game animals and game birds, or the eggs, embryos,
or semen of the birds and animals for propagating purposes to any person within or without
this state. The purchaser or purchasers of protected game animals or game birds, or eggs,
embryos, or semen of the birds or animals, shall be reported to the Commissioner of Conservation
and Natural Resources before the sale or shipment of same. The serial number of the license
of the game breeder making the sale or shipment shall appear or be attached in a conspicuous
place on the crate or other container in which the game animals or game birds, or eggs, embryos,
or semen of the birds or animals are being shipped. The Commissioner of Conservation and Natural
Resources may cancel or declare void any game breeder's...
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9-16-83
Section 9-16-83 Permits - Contents of application; reclamation plan; copy of application filed
for public inspection; insurance; blasting plan. (a) Each application for a surface coal mining
reclamation permit under this article shall be accompanied by a fee as determined by the regulatory
authority, but not to exceed the anticipated cost of reviewing, administering, and enforcing
the permit. In no event shall the permit fee be less than one thousand dollars ($1,000). The
regulatory authority shall develop procedures to enable the cost of the fee to be paid over
the life of the mine. The life of the mine means the term of the permit and the time required
to successfully complete all surface coal mining and reclamation activities and obtain a full
release of the performance bond for each bonded area. (b) The permit application shall be
submitted in a format prescribed by and satisfactory to the regulatory authority and shall
contain, among other things, all of the following: (1) The...
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