27-41-30
Section 27-41-30 Particular investments - Loans, notes, etc., secured by mortgages and leases
on real property. An insurer may invest in loans, notes, bonds, or other evidences of indebtedness
of any person up to the fair value of real property securing said indebtedness, upon compliance
with the following conditions and provisions: (1) The indebtedness must be secured by a first
mortgage lien on real property having a fair value of not less than the principal amount of
the loan, except as provided in subdivision (8) of this section; (2) The indebtedness must
be additionally secured by a lease on said real property, which lease must be assigned and
transferred by the lessor to the lender or to a trustee of the lender under a trust instrument;
(3) The lease so assigned as additional security must be noncancellable and may be terminated
only upon such conditions as are generally provided in commercial leases, such as, for example,
destruction by fire, tornado, or similar hazard or...
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34-35-7
Section 34-35-7 License fee; bond. (a) Each applicant for a transient merchant license must
include a license fee of $250 with the application, to be deposited in the county treasury
that issues the license. The license applicant must also execute a cash bond or a surety bond
issued by a corporate surety authorized to do business in this state in an amount that is
the lesser of $2,000 or five percent of the wholesale value of any merchandise or services
to be offered for sale. The surety bond must be issued in favor of the state and must be conditioned
that the applicant will pay all taxes due from the applicant to the state or to a political
subdivision of the state, any fines assessed against the applicant or the applicant's agents
or employees for a violation of this chapter, and any judgment rendered against the applicant
or the applicant's agents or employees in a cause of action commenced by a purchaser of merchandise
or services not later than one year after the date the...
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37-1-128
Section 37-1-128 Superseding order - Amount of bond. The bond required to be filed as provided
in this subdivision in order to supersede an order of the commission shall be double the sum
estimated under Section 37-1-127, with two or more sureties, to be approved by the judge,
one of which may be a surety company, payable to the State of Alabama and conditioned to pay
all such loss or damage as any person, firm or corporation may sustain, including all such
excess rates, fares or charges as such person, firm or corporation may have paid pending the
appeal to the circuit court, or any subsequent appeal to the supreme court, in the event the
order or action of the commission shall be sustained. (Acts 1909, No. 42, p. 96; Code 1923,
§9840; Code 1940, T. 48, §86.)...
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37-2-62
Section 37-2-62 Action for damages. (a) If the value of such goods, property or chattels so
lost, destroyed or not delivered, or the amount of damages or injury, where injured, shall
not be paid or tendered to such person entitled thereto so presenting such verified claim
therefor within the time prescribed in subsection (b) of Section 37-2-61, such person may,
on bringing an action therefor and on making proof of such shipment and loss, or destruction,
failure to deliver or injury to such goods, chattels or property, and the due presentation
of such verified claim, or demand for the value of, or damage to such goods, property or chattels,
and that such claim was not for more than such value or injury, and the failure of such transportation
company to pay for the same within 60 days from the making of such demand, recover from the
said transportation company fourfold damages, suffered by reason of such loss, destruction
or injury, unless such loss, destruction or injury is the result...
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43-2-375
Section 43-2-375 Payment of debts not due. Any debt not due, which has been presented, may
be paid by an executor or administrator after six months from the grant of letters, and the
provisions of section 43-2-374 include such debts; but such payment must not be made unless
the creditor accepts, in discharge of such debt, such an amount as, with interest from the
day of payment to the day when such debt is due, would make the amount thereof. (Code 1852,
§1791; Code 1867, §2118; Code 1876, §2495; Code 1886, §2087; Code 1896, §137; Code 1907,
§2601; Code 1923, §5826; Acts 1931, No. 717, p. 837; Code 1940, T. 61, §222.)...
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43-2-462
Section 43-2-462 Confirmation of sale. Whenever the court is satisfied that such sale was fairly
conducted, and the land sold for an amount not greatly less than its real value, and the purchase
money is paid, or sufficiently secured, by mortgage or other personal security, it must make
an order confirming such sale; but such order of confirmation shall not be made until after
the expiration of 10 days after the report of sale is filed. (Code 1852, §1769; Code 1867,
§2095; Code 1876, §2467; Code 1886, §2123; Code 1896, §177; Code 1907, §2642; Code 1923,
§5872; Code 1940, T. 61, §266.)...
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43-2-641
Section 43-2-641 Authorization to make distribution - Distribution by court after six months
from grant of letters. (a) The court may also, in case of intestacy, make an order of distribution
out of the assets of the decedent, on the application of any person entitled to distribution,
after six months from the grant of letters. (b) The order of the court, made after six months
from the grant of letters on the application of any legatee or person entitled to distribution,
is a protection to the executor or administrator, to the extent of the amount or value of
the legacy or share ordered to be paid or distributed. (Code 1852, §§1778, 1789; Code 1867,
§§2105, 2116; Code 1876, §§2482, 2493; Code 1886, §§2199, 2209; Code 1896, §§267,
277; Code 1907, §§2725, 2735; Code 1923, §§5964, 5974; Acts 1931, No. 727, p. 841; Code
1940, T. 61, §§366, 376.)...
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5-11A-9
Section 5-11A-9 Exemption of trust companies, etc., acting as administrators, etc., from bond
requirement. Any trust company or bank which is authorized by law to act as a guardian, administrator,
executor, receiver or trustee, except as may be otherwise provided in this code for the administration
of the affairs of war veterans, under appointment of any court of this state, and which maintains
the deposit provided for in Section 5-11A-5, shall be entitled as a matter of right to exemption
from giving bond before receiving authority to act in any of the above capacities, provided
its aggregate liabilities, to secure which said bonds or other securities are deposited, do
not exceed five times the par value of said securities. When such company desires exemption
from giving any such bond, it shall file with the officer who would otherwise require such
bonds a sworn statement showing the amount in value of the bonds or other securities on deposit
with the State Treasurer, and that the...
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5-17-16
Section 5-17-16 Disposition of shares or deposit account of deceased person. Whenever a person
shall die leaving a share or deposit account in a credit union not exceeding ten thousand
dollars ($10,000), the credit union having the share or deposit account may discharge itself
from liability thereafter by paying the funds in the share or deposit account to the widow
or surviving husband of the deceased or, if there is no widow or surviving husband, to the
persons having the actual custody or control of the minor child or children of the deceased;
provided, that such person, if not the legal guardian, shall execute to the probate judge
of the county a bond in the penal sum of double the amount of such deposit for the faithful
accounting of the money so received, which shall be approved by the probate judge, or, if
there is no minor child or children, to the person or persons who under the laws of Alabama
are the heirs and inherit the personal property of the deceased. No such payment is...
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28-3-42
Section 28-3-42 Administrator; annual report of board to Governor as to administration of chapter;
possession by officers, members, employees, etc., of board of liquor or malt or brewed beverages
for personal use. (a) The board shall appoint an administrator who, under the supervision
of the board, shall administer the provisions of this chapter. Before entering upon the duties
of his office, the administrator shall execute to the State of Alabama a bond, to be approved
by the Governor, in the amount of $25,000.00, for the faithful performance of his duties.
The premiums on the bond of the administrator shall be paid out of moneys derived from any
operation under the provisions of this chapter. The administrator, with the approval of the
board and subject to the provisions of the Merit System, shall appoint all necessary clerks,
stenographers, inspectors and chemists and other employees to enforce properly the provisions
of this chapter. No person shall be eligible for any appointment...
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