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11-92A-12
Section 11-92A-12 Powers of authority. An authority shall have the following powers,
which it may exercise in any county within such authority's authorized operational area: (1)
To have succession by its corporate name until dissolved as provided in this chapter; (2)
To institute and defend legal proceedings in any court of competent jurisdiction and proper
venue; provided, however, that an authority may not be sued in any trial court other than
the courts of a county within the authorized operational area of the authority; provided,
further, that the officers, directors, agents, and employees of an authority may not be sued
for their actions in behalf of the authority except for actions that are known by such person
to be unlawful or are performed with reckless disregard for the lawfulness of such actions;
(3) To have and to use a corporate seal and to alter the seal at its pleasure; (4) To establish
a fiscal year; (5) To anticipate by the issuance of its bonds the receipt of any...
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45-38-141.05
Section 45-38-141.05 Powers of authority; rates and charges. (a) The authority shall
have the following powers, together with all powers incidental thereto or necessary to the
discharge thereof in corporate form: (1) To have succession by its corporate name for the
duration of time specified in its certificate of incorporation. (2) To sue and be sued in
its own name in civil actions, except as otherwise provided in this part, and to defend civil
actions against it. (3) To adopt and make use of a corporate seal and to alter the same at
pleasure. (4) To adopt and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, receive, and take, by purchase, gift, lease, devise, or otherwise,
and to hold property of every description, real, personal, or mixed, whether located in one
or more counties and whether located within or outside the service area. (6) To make, enter
into, and execute such contracts, agreements, leases, and other instruments and to take such...
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7-3-104
Section 7-3-104 Negotiable instrument. (a) Except as provided in subsections (c) and
(d), "negotiable instrument" means an unconditional promise or order to pay a fixed
amount of money, with or without interest or other charges described in the promise or order,
if it: (1) Is payable to bearer or to order at the time it is issued or first comes into possession
of a holder; (2) Is payable on demand or at a definite time; and (3) Does not state any other
undertaking or instruction by the person promising or ordering payment to do any act in addition
to the payment of money, but the promise or order may contain (i) an undertaking or power
to give, maintain, or protect collateral to secure payment, (ii) an authorization or power
to the holder to confess judgment or realize on or dispose of collateral, or (iii) a waiver
of the benefit of any law intended for the advantage or protection of an obligor. (b) "Instrument"
means a negotiable instrument. (c) An order that meets all of the...
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30-4-17
Section 30-4-17 Revocation of certain transferable interests in property upon divorce
or annulment. (a) In this section, the following terms have the following meanings:
(1) DISPOSITION OR APPOINTMENT OF PROPERTY. Includes a transfer of an item of property or
any other benefit to a beneficiary designated in a governing instrument. (2) DIVORCE or ANNULMENT.
Any divorce or annulment, or any dissolution or declaration of invalidity of a marriage, that
would exclude the spouse as a surviving spouse within the meaning of Section 43-8-252.
A decree of separation that does not terminate the status of husband and wife is not a divorce
for purposes of this section. (3) DIVORCED INDIVIDUAL. An individual whose marriage
has been terminated by divorce or annulment. (4) GOVERNING INSTRUMENT. An instrument executed
by the divorced individual before the divorce or annulment of his or her marriage to his or
her former spouse. (5) RELATIVE OF THE DIVORCED INDIVIDUAL'S FORMER SPOUSE. An individual
who...
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43-2-843
Section 43-2-843 Transactions authorized for personal representatives; exceptions. Except
as restricted or otherwise provided by the will or by an order of court and subject to the
priorities stated in Section 43-8-76, a personal representative, acting prudently for
the benefit of the interested persons, may properly: (1) Retain assets owned by the decedent
pending distribution or liquidation including those in which the representative is personally
interested or which are otherwise improper for trust investment. (2) Receive assets from fiduciaries,
or other sources. (3) Perform, compromise, or refuse performance of the decedent's contracts
that continue as obligations of the estate, as the personal representative may determine under
the circumstances. In performing enforceable contracts by the decedent to convey or lease
land, the personal representative, among other possible courses of action, may do either of
the following: a. Execute and deliver a deed of conveyance for cash...
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40-21-100
Section 40-21-100 Definitions. (a) For the purpose of this article, the following terms
shall have the respective meanings ascribed by this section: (1) BUSINESS. All activities
relating to the furnishing of utility services. (2) DEPARTMENT. The Department of Revenue
of the State of Alabama. (3) DOMESTIC WATER. All water except water that is sold to persons
for use or consumption in industrial processes and not primarily for human consumption. (4)
GROSS RECEIPTS. The value proceeding or accruing from the furnishing of utility services,
all receipts actual and accrued, without any deduction on account of the cost of the utility
services sold, the cost of the materials used, labor or service cost, interest paid, or any
other expense whatever, and without any deductions on account of losses. (5) GROSS SALES.
The value proceeding or accruing from the furnishing of utility services, and including the
proceeds from the sale of any utility services handled on consignment by the taxpayer,...
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41-10-44.3
Section 41-10-44.3 Additional powers of authority. In addition to the powers granted
to it in Section 41-10-26 and in Sections 41-10-37 through 41-10-43, the authority
shall have the following powers: (1) To adopt and alter bylaws for the regulation and conduct
of its affairs and business; (2) To borrow money and to issue project obligations, whether
or not the interest thereon is excluded from gross income for federal income tax purposes,
for the purpose of financing project costs, and to provide for the rights of the purchasers,
holders or owners of its project obligations; (3) To execute and deliver mortgages, security
agreements and trust indentures and other forms of agreements for the purpose of securing
its project obligations, and in connection therewith, to mortgage, pledge or assign the revenues,
receipts and other property of the authority received, and the financing agreements entered
into by the authority in connection with, the financing of projects under this Article 2A;...
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6-5-347
Section 6-5-347 Agritourism. (a) For the purposes of this section, the following
terms shall have the following meanings: (1) AGRICULTURAL. As defined in Section 41-14-51.
(2) AGRITOURISM ACTIVITY. Any of the following, whether or not a participant provides monetary
or other valuable compensation to participate in, view, or enjoy: a. An activity at an agricultural
operation, which is not already addressed under Sections 6-5-337 or 35-15-40, including, but
not limited to, farming, ranching, historic and cultural agricultural activities, self-pick
farms, or farmers' markets, provided the agritourism professional is selling his or her own
product at a location provided to, leased to, rented to, or owned by the agritourism professional
for the purpose of selling his or her own product. b. An activity involving an animal exhibition,
show, or competition at an agricultural fair or youth livestock show, which is not already
addressed under Section 6-5-337, including, but not limited to, FFA,...
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7-9A-102
Section 7-9A-102 Definitions and index of definitions. (a) Article 9A definitions. In
this article: (1) "Accession" means goods that are physically united with other
goods in such a manner that the identity of the original goods is not lost. (2) "Account,"
except as used in "account for," means a right to payment of a monetary obligation,
whether or not earned by performance, (i) for property that has been or is to be sold, leased,
licensed, assigned, or otherwise disposed of, (ii) for services rendered or to be rendered,
(iii) for a policy of insurance issued or to be issued, (iv) for a secondary obligation incurred
or to be incurred, (v) for energy provided or to be provided, (vi) for the use or hire of
a vessel under a charter or other contract, (vii) arising out of the use of a credit or charge
card or information contained on or for use with the card, or (viii) as winnings in a lottery
or other game of chance operated or sponsored by a State, governmental unit of a State, or...
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19-3B-103
Section 19-3B-103 Definitions. In this chapter: (1) ACTION, with respect to an act of
a trustee, includes a failure to act. (2) ASCERTAINABLE STANDARD means a standard relating
to an individual's health, education, support, or maintenance within the meaning of Section
2041(b)(1)(A) or 2514(c)(1) of the Internal Revenue Code of 1986, as in effect on January
1, 2007, or as later amended. (3) BENEFICIARY means a person that: (A) has a present or future
beneficial interest in a trust, vested or contingent; or (B) in a capacity other than that
of trustee, holds a power of appointment over trust property. (4) CHARITABLE TRUST means a
trust, or portion of a trust, created for a charitable purpose described in Section
19-3B-405(a). (5) CONSERVATOR means a person appointed by the court to administer the estate
of a minor or adult individual. (6) ENVIRONMENTAL LAW means a federal, state, or local law,
rule, regulation, or ordinance relating to protection of the environment. (7) GUARDIAN means
a...
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