26-8-50
Section 26-8-50 Sale of property to effect removal thereof from state - Proceedings under application;
appointment, powers, etc., of commissioner for conduct of sale. The court, in the order of
sale, must appoint a suitable person commissioner to make the sale and, except as otherwise
provided in this article, the authority and duty of such commissioner is the same as that
of a conservator authorized to sell property of a minor or ward for reinvestment. If the commissioner
so appointed fails to act or to complete the sale, another may be appointed at any time by
an order of the court. (Code 1896, §2384; Code 1907, §4474; Code 1923, §8247; Code 1940,
T. 21, §119; Acts 1987, No. 87-590, p. 975, §2-333(b).)...
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26-8-51
Section 26-8-51 Sale of property to effect removal thereof from state - Disposition of proceeds
from sale; compensation of commissioner. The commissioner must, as soon as practicable after
the receipt of the purchase money for the property sold by him or her, pay the same to the
judge of probate or register or clerk, as the case may be, of the court ordering the sale,
and such money must be retained and safely kept by such judge or register or clerk until the
sale has been duly confirmed or vacated. If the sale is vacated, the purchase money must be,
by such judge or register or clerk, returned to the purchaser. If the sale is confirmed, such
money must be by such officer paid over to the foreign conservator entitled to receive the
same, after deducting therefrom the costs and expenses attending the sale, including compensation
to the commissioner in the amount of two and one-half percent upon the proceeds of such sale,
but in no case more than $100. (Code 1896, §2385; Code 1907,...
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40-10-132
Section 40-10-132 List and sale of lands bid in by state. (a) It shall be the duty of the Land
Commissioner to cause to be prepared a suitable book, in which shall be entered a description,
as accurate as can be obtained, of all the lands which have been bid in by the state, with
the amount of state and county taxes due thereon and the date when such lands were bid in;
and, when three years shall have elapsed from the date of sale, such portions of lands as
have not been redeemed shall be subject to sale by the state; and the Land Commissioner, with
the approval of the Governor, may do any of the following: (1) Sell the same at private sale
to any purchaser, who may pay therefor in cash to the Treasurer such sum of money as the Land
Commissioner may ascertain to be sufficient to cover and satisfy all claims of the state and
county, which sum shall not be less than the amount of money for which the lands were bid
in by the state, with interest thereon at the rate of 12 percent per annum...
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10A-2-12.02
Section 10A-2-12.02 Sale of assets other than in regular course of business. REPEALED IN THE
2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (a) Subject to the limitations of the Constitution of Alabama of 1901, as
the same may be amended from time to time, a corporation may sell, lease, exchange, or otherwise
dispose of all, or substantially all, of its property, with or without the good will, otherwise
than in the usual and regular course of business on the terms and conditions and for the consideration
determined by the corporation's board of directors, if the board of directors proposes and
its shareholders approve the proposed transaction. (b) For a transaction to be authorized:
(1) The board of directors must recommend the proposed transaction to the shareholders unless
the board of directors determines that because of a conflict of interest or other special
circumstances it should make no recommendation and communicates...
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44-1-92
Section 44-1-92 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER. THIS SECTION HAS NOT BEEN
CODIFIED BY THE LEGISLATURE. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) There is hereby
created the Department of Youth Services Capital Improvement Trust Fund and the Youth Services
Capital Improvement Trust Fund Income Account as separate funds in the state treasury. Any
unexpended or unencumbered balances in the funds shall not revert at the end of each fiscal
year, but shall remain in the funds and may be carried over into each succeeding fiscal year.
Any income earned on the trust income account shall accrue to the fund. The funds shall be
administered by the State Treasurer, which shall be entitled to a reasonable fee for the administration.
All investments shall be made pursuant to the same authority and restrictions that apply to
the investment of State funds. (b) Funding to the Department of Youth Services Capital Improvement
Trust Fund shall consist of funds resulting from the...
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40-10-18
Section 40-10-18 When property to be bid in for state. If no person shall bid for any real
estate offered at such sale an amount sufficient to pay the sum specified in the decree of
sale, and the costs and expenses subsequently accruing, the judge of probate shall bid in
such real estate for the state at a price not exceeding the sum specified in such decree and
such subsequently accruing cost and expenses. In no event shall the judge of probate bid in
for the state less than the entire amount of real estate included in any assessment. (Acts
1935, No. 194, p. 256; Code 1940, T. 51, §265.)...
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43-2-417
Section 43-2-417 Resale upon failure of purchaser to comply with terms; liability for deficiency.
If the purchaser fails to comply with the terms of the sale, the executor or administrator
may again proceed to advertise and sell the property. If, on another and a completed sale,
the property sells for a less sum than the amount bid at the former sale, the purchaser so
in default is liable to the executor, administrator or any person damaged for the deficiency,
and also the expense of the sale. (Code 1896, §149; Code 1907, §2613; Code 1923, §5840;
Code 1940, T. 61, §235.)...
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45-19-80.30
Section 45-19-80.30 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR
SESSION, EFFECTIVE JANUARY 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) In Coosa
County, in addition to any and all court costs, fees, and charges now or hereafter authorized,
there shall be assessed by the clerk of the circuit court a one hundred dollar ($100) charge
on the service of all failure to appear warrants executed by the deputies or Sheriff of Coosa
County. (b) The service fee imposed in this section shall be assessed against a defendant
upon conviction. The clerk of the court shall enter the amount of the fee provided in this
section on the docket sheet and shall collect the fee in the same manner and same time as
other court costs. The service fee may be waived by the court for good cause shown. (c) The
revenues derived from this fee shall be distributed as follows: (1) Twenty-five dollars ($25)
of the fee shall be distributed to the Sheriff's Office Law Enforcement Fund...
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10A-2-12.01
Section 10A-2-12.01 Sale of assets in regular course of business and mortgage of assets. REPEALED
IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (a) Subject to the limitations of the Constitution of Alabama of 1901, as
the same may be amended from time to time, a corporation may, on the terms and conditions
and for the consideration determined by the board of directors: (1) Sell, lease, exchange,
or otherwise dispose of all, or substantially all, of its property in the usual and regular
course of business; (2) Mortgage, pledge, dedicate to the repayment of indebtedness, whether
with or without recourse, or otherwise encumber any or all of its property whether or not
in the usual and regular course of business; or (3) Transfer any or all of its property to
a corporation all the shares of which are owned by the corporation. (b) Unless the articles
of incorporation require it, approval by the shareholders of a transaction...
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40-10-136
Section 40-10-136 Certification when land bid in by state sold. Upon the consummation of such
sale, the Land Commissioner must certify the same to the judge of probate, who shall make
entry thereof in the book of land sales in his office; and the commissioner shall furnish
a description of such lands to the assessor of the county in which they are situated, who
shall enter the same upon his list for assessment; but the time allowed infants and lunatics
in which to redeem lands sold for taxes shall in no wise be affected by any such sale and
conveyance. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §319.)...
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