40-12-260
owner. The Department of Revenue shall have the authority to prescribe rules and regulations
for the administration of this paragraph. c. Licensed motor vehicle dealers shall not be required
to register vehicles in the name of the dealership for vehicles held for resale. The dealership
shall register any motor vehicle and purchase an Alabama license plate of the proper classification
for any motor vehicle purchased, leased, or otherwise withdrawn from dealer inventory for
private, personal, or business use by any person, including any of the dealership employees.
(5) Any person failing to register a motor vehicle by timely transferring the license plate
as provided by subsections (a)(2) and (a)(4) above and (a)(7) below shall pay a penalty of
fifteen dollars ($15). The penalty shall be paid into the treasury of the county, with the
county treasurer maintaining these moneys as a special training fund. Only one special training
fund shall be established in each county. These...
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40-18-6
obsolescence, amortization, and depletion, to the extent allowed, but not less than the amount
allowable under this chapter. (3) In the case of stock, to the extent not provided for in
the foregoing paragraphs, for the amount of distributions previously made which, under the
law applicable to the year in which the distribution was made, either were tax-free or were
applicable in reduction of basis. (4) Basis of property of individuals establishing Alabama
domicile. Property, both real and personal, owned on the date Alabama domicile is established
shall have the same basis for Alabama income tax purposes as its basis for federal income
tax purposes as of that date. (5) Allocation of basis. The basis of property acquired in an
applicable asset acquisition (as defined in 26 U.S.C. §1060) shall be determined in accordance
with 26 U.S.C. §1060. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §378; Acts 1985, No.
85-515, §6; Acts 1985, 2nd Ex. Sess., No. 85-940, p. 252, §4; Acts 1990,...
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45-8-240.31
Section 45-8-240.31 Delinquent taxes statement; list of delinquent properties; newspaper notice;
trial and decree of sale; fees; reports. (a) After the first day of January, the Tax Collector
of Calhoun County shall mail a statement to all delinquent taxpayers addressed to the party
in whose name the property was assessed, showing a brief description of the property, and
the amount of taxes, fees, and cost due. It shall be the duty of such party to pay the taxes
and fees assessed and charged against the property. The failure to comply with the requirement
of this section, or the failure to receive the statement shall not invalidate a sale of the
property for taxes, nor invalidate the title of any property sold for taxes. (b)(1) Within
the time allowed by law, it shall be the duty of the tax collector to furnish the judge of
probate a list of all property on which the entire amount of taxes have not been paid, which
list shall show the name of the person to whom the property was...
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5-26-3
by the Farm Credit Administration; and (b) Is registered with, and maintains a unique identifier
through, the Nationwide Mortgage Licensing System and Registry, or if prior to the Federal
Banking Agencies establishing a registration system, would be subject to registration under
the registration system when established by the Federal Banking Agencies and then would maintain
a unique identifier. (12) RESIDENTIAL MORTGAGE LOAN. The term "residential mortgage loan"
means any loan primarily for personal, family, or household use that is secured by
a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling
(as defined in Section 103(v) of the Truth in Lending Act) or residential real estate upon
which is constructed or intended to be constructed a dwelling. (13) RESIDENTIAL REAL ESTATE.
The term "residential real estate" means any real property located in Alabama, upon
which is constructed or intended to be constructed a dwelling. (14) SUPERVISOR. The...
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19-3A-302
Section 19-3A-302 Apportionment of receipts and disbursements upon decedent's death or when
income interest begins. (a) A fiduciary shall allocate an income receipt or disbursement,
other than one to which Section 19-3A-201(a) applies, to principal in the following instances:
(1) In the case of a decedent's estate, if its due date occurs before the date of a decedent's
death; or (2) In the case of a trust or successive income interest, if its due date occurs
before an income interest begins. (b) A fiduciary shall allocate an income receipt or disbursement
to income if its due date occurs on or after the date on which a decedent dies or an income
interest begins and it is a periodic due date. An income receipt or disbursement shall be
treated as accruing from day to day if its due date is not periodic or if it has no due date.
The portion of the receipt or disbursement accruing before the date on which a decedent dies
or an income interest begins shall be allocated to principal and the...
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19-3A-401
Section 19-3A-401 Character of receipts. (a) For purposes of this section, "entity"
means a corporation, partnership, limited liability company, regulated investment company,
real estate investment trust, common trust fund, or any other organization in which a fiduciary
has an interest other than (1) a trust or decedent's estate to which Section 19-3A-402 applies,
(2) a business or activity to which Section 19-3A-403 applies, or (3) an asset-backed security
to which Section 19-3A-415 applies. (b) Except as otherwise provided in this section, a fiduciary
shall allocate to income money received from an entity. (c) A fiduciary shall allocate the
following receipts from an entity to principal: (1) Property other than money except in cases
when the fiduciary has the choice to receive dividends or similar payments either in cash
or in the shares or similar ownership interests of the corporation or other business entity,
in which case, the fiduciary shall allocate the receipts to income; (2)...
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22-52-37
Section 22-52-37 Standards for conduct of civil commitment proceedings generally; minimum standards
for civil commitment; appeals from orders of probate courts as to commitment. (a) Any civil
commitment proceedings are to be conducted in accordance with the following constitutional
due process standards: (1) Adequate notice of the hearing and its purpose shall be given sufficiently
in advance of the scheduled proceedings to permit a reasonable opportunity to prepare therefor.
(2) The person to be committed shall have the right to attend the hearing unless the court,
after appropriate inquiry, determines that he or she is so mentally or physically ill as to
be incapable of attendance. (3) The subject of the hearing shall be informed of his right
to counsel and to the appointment of counsel if indigent. Where the commitment of a presently
confined patient is sought, a guardian ad litem who is an attorney shall be appointed. (4)
The guardian ad litem shall be entitled to a reasonable fee...
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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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6-5-502
Section 6-5-502 Limitation periods for product liability actions. (a) All product liability
actions against an original seller must be commenced within the following time limits and
not otherwise: (1) Except as specifically provided in subsections (b), (c), and (e) of this
section, within one year of the time the personal injury, death, or property
damage occurs; and (2) Except as specifically provided in subsections (b), (c), and (e) of
this section, each element of a product liability action shall be deemed to accrue at the
time the personal injury, death, or property damage occurs; (b) Where the personal
injury, including personal injury resulting in death, or property damage
(i) either is latent or by its nature is not discoverable in the exercise of reasonable diligence
at the time of its occurrence, and (ii) is the result of ingestion of or exposure to some
toxic or harmful or injury-producing substance, element or particle, including radiation,
over a period of time as opposed...
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35-8B-2
Section 35-8B-2 Establishment of district. The exclusive and uniform method for the establishment
of a community development district shall be by the filing of the articles of establishment
of a community development district with the judge of probate of the county in which the district
is to be located, or if located in more than one county, of the county wherein is located
the largest area of the community development district. (1) The articles of establishment
of a district defined in subsection (a) of Section 35-8B-1 shall contain the following: a.
The written consent to the establishment of the district by the owner or owners of at least
51 percent of the real property to be included in the district, or documentation demonstrating
that the petitioner has control by deed, trust agreement, contract, or option of at least
51 percent of the real property to be included in the district. b. A metes and bounds description
of the external boundaries of the district, with a specific metes...
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