16-25-13
Section 16-25-13 Credit for service as elected official of state or department head;
payment of employee's contribution; applicability of provisions of section. (a) Any
person who, as of September 5, 1973, is presently covered or is eligible to be covered under
the Teachers' Retirement System of Alabama and who, prior to such coverage or eligibility
for coverage, served as an elective official of the state government or a department head
authorized to exercise sovereign power of the state shall have credited to him one year of
creditable service for each year served as such elected official or department head, not to
exceed eight years; provided, that such person shall pay into the retirement system the employee's
part of the cost or contribution based on the salary paid to such person during the time of
his service as an elected official or department head, with such cost or contribution to be
calculated at the percent or rate in effect on September 5, 1973. (b) This section
shall...
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19-3D-11
Section 19-3D-11 Decanting power under expanded distributive dicretion. (a) In this
section the following terms have the following meanings: (1) NONCONTINGENT RIGHT. A
right that is not subject to the exercise of discretion or the occurrence of a specified event
that is not certain to occur. The term does not include a right held by a beneficiary if any
person has discretion to distribute property subject to the right to any person other than
the beneficiary or the beneficiary's estate. (2) PRESUMPTIVE REMAINDER BENEFICIARY. A qualified
beneficiary other than a current beneficiary. (3) SUCCESSOR BENEFICIARY. A beneficiary that
is not a qualified beneficiary on the date the beneficiary's qualification is determined.
The term does not include a person that is a beneficiary only because the person holds a nongeneral
power of appointment. (4) VESTED INTEREST. (A) A right to a mandatory distribution that is
a noncontingent right as of the date of the exercise of the decanting power; (B) a...
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26-1A-114
Section 26-1A-114 Agent's duties. (a) Notwithstanding provisions in the power of attorney,
an agent that has accepted appointment shall: (1) act in accordance with the principal's reasonable
expectations to the extent actually known by the agent and, otherwise, in the principal's
best interest; (2) act in good faith; and (3) act only within the scope of authority granted
in the power of attorney. (b) Except as otherwise provided in the power of attorney, an agent
that has accepted appointment shall: (1) act loyally for the principal's benefit; (2) act
so as not to create a conflict of interest that impairs the agent's ability to act impartially
in the principal's best interest; (3) act with the care, competence, and diligence ordinarily
exercised by agents in similar circumstances; (4) keep a record of all receipts, disbursements,
and transactions made on behalf of the principal; (5) cooperate with a person that has authority
to make health care decisions for the principal to carry out...
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35-18-2
Section 35-18-2 Easement conveyed, recorded, assigned, etc.; term of easement; interest
maintained; condemnation. (a) Except as otherwise provided in this chapter, a conservation
easement may be created, conveyed, recorded, assigned, released, modified, terminated, or
otherwise altered or affected in the same manner as other easements. A conservation easement
may not be created or expanded under this chapter by any state, county, or local governmental
body through the exercise of the power of eminent domain. (b) No right or duty in favor of
or against a holder and no right in favor of a person having a third-party right of enforcement
arises under a conservation easement before its acceptance by the holder and a recordation
of the acceptance. (c) Except as provided in subsection (b) of Section 35-18-3, the
term of a conservation easement shall be the term stated in the instrument creating the easement
or, if no term is stated, the lesser of 30 years or the life of the grantor, or upon...
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36-27-15
Section 36-27-15 Granting of credit for service as elected official of state or department
head; maximum credit; payment of employee's contribution; applicability of provisions of section.
(a) Any person who, as of September 5, 1973, is covered or is eligible to be covered under
the Employees' Retirement System of Alabama and who, prior to such coverage or eligibility
for coverage, served as an elective official of the state government or a department head
authorized to exercise sovereign power of the state shall have credited to him one year of
creditable service for each year served as such elected official or department head, not to
exceed eight years; provided, that such person shall pay into the retirement system the employee's
part of the cost or contribution based on the salary paid to such person during the time of
his service as an elected official or department head, with such cost or contribution to be
calculated at the percent or rate in effect on September 5, 1973. (b)...
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11-99A-6
Section 11-99A-6 Powers of a district. Any district shall have the following powers,
in addition to those stated elsewhere in this chapter: (1) To have perpetual existence, subject
to termination as herein provided. (2) To have and use a corporate seal, but the use of a
corporate seal on any document shall not be required for the validity of a document or the
due execution and delivery thereof. (3) To sue and to be sued and to be a party to suits,
actions, and proceedings, but subject to the limitations on liability and the immunity granted
in this chapter. (4) To enter into contracts and agreements affecting the affairs of the district,
including contracts with the United States of America and any other public person. (5) To
borrow money and to incur indebtedness and to evidence the same by bonds, all without an election.
(6) To acquire and dispose of land, real property, personal property, and interests therein
of any nature. (7) To acquire, construct, install, and operate...
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19-3C-3
Section 19-3C-3 Standard of conduct in managing and investing institutional funds. (a)
Subject to the intent of a donor expressed in a gift instrument, an institution, in managing
and investing an institutional fund, shall consider the charitable purposes of the institution
and the purposes of the institutional fund. (b) In addition to complying with the duty of
loyalty imposed by law other than this chapter, each person responsible for managing and investing
an institutional fund shall manage and invest the fund in good faith and with the care an
ordinarily prudent person in a like position would exercise under similar circumstances. (c)
In managing and investing an institutional fund, an institution: (1) may incur costs that
are appropriate and reasonable in relation to the assets, the purposes of the institution,
and the skills available to the institution; and (2) shall make a reasonable effort to verify
facts relevant to the management and investment of the fund. (d) An...
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29-1-26
Section 29-1-26 Legislative double dipping prohibited. (a) This section shall
be known and may be cited as the Legislative Double Dipping Prohibition Act. (b) Any other
provision of law to the contrary notwithstanding, and except as provided in subsection (c),
a member of the Legislature, during his or her term of office, may not be an employee of any
other branch of state government, any department, agency, board, or commission of the state,
or any public educational institution including, but not limited to, a local board of education,
a two-year institution of higher education, or a four-year institution of higher education.
For purposes of this section, employee means any of the following: (1) An employee
as defined in Section 36-27-1, or a teacher as defined in Section 16-25-1. An
employee as defined in this subsection shall not include any person receiving pension benefits
from the Retirement Systems of Alabama. (2) A person who is personally providing services
under a personal...
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34-8-7
Section 34-8-7 Exemptions from chapter; subcontractor requirements. (a) The following
shall be exempted from this chapter: (1) The practice of general contracting, as defined in
Section 34-8-1, by an authorized representative or representatives of the United States
Government, State of Alabama, incorporated town, city, or county in this state, which is under
the supervision of a licensed architect or engineer provided any work contracted out by the
representative shall comply with the provisions of this chapter for general contractor. (2)
The construction of any residence or private dwelling. (3) A person, firm, or corporation
constructing a building or other improvements on his, her, or its own property provided that
any of the work contracted out complies with the definition in this chapter for general contractor.
A municipal governing body or municipal regulatory body may not enact any ordinance or law
restricting or altering this exemption. Any municipal ordinance or regulation...
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5-5A-18.1
Section 5-5A-18.1 Banks and trust companies to have power of federally chartered or
regulated financial institution. In addition to all other rights and powers provided under
this title, banks and trust companies chartered by this state and supervised by the superintendent
and banks or trust companies chartered by any other state which are doing business or proposing
to conduct any bank or trust company activities in this state and each of their subsidiaries,
subject to the prior approval of the superintendent, may make any loan or investment , exercise
any power, and engage in any activity which they could make , exercise, or engage in if incorporated
or operating as a federally chartered or regulated financial institution and they shall be
entitled to all rights, privileges, and protections granted or available to federally chartered
or regulated financial institutions. In addition to other conditions determined at the superintendent's
discretion, any approval granted under this...
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