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16-13B-10
Section 16-13B-10 Conflict of interests; violations. (a) No member or officer of the city and
county boards of education shall be financially interested or have any personal beneficial
interest, either directly or indirectly, in the purchase of or contract for any personal property
or contractual service, nor shall any person willfully make any purchase or award any contract
in violation of this chapter. (b) Any violation of this section shall be deemed a misdemeanor,
and any person who violates this section, upon conviction, shall be imprisoned for not more
than 12 months or fined not more than five hundred dollars ($500), or both. Upon conviction
thereof, any person who willfully makes any purchase or awards any contract in violation of
this chapter shall be removed from office. (Act 2009-760, p. 2294, §1.)...
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24-1-26
Section 24-1-26 Conflicts of interest of commissioners or employees. No commissioner or employee
of an authority shall acquire any interest, direct or indirect, in any housing project or
in any property included or planned to be included in any project, nor shall he have any interest,
direct or indirect, in any contract or proposed contract for materials or services to be furnished
or used in connection with any housing project. If any commissioner or employee of an authority
owns or controls an interest, direct or indirect, in any property included or planned to be
included in any housing project, he shall immediately disclose the same in writing to the
authority, and such disclosure shall be entered upon the minutes of the authority. Failure
to so disclose such interest shall constitute misconduct in office. However, no provision
of this section shall be deemed to prohibit any bank, otherwise qualified, an officer, stockholder
or employee of which is a commissioner of a local housing...
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41-16-60
Section 41-16-60 Conflicts of interest of members or officers of certain public offices or
positions. Members and officers of the city and county boards of education and the district
boards of education of independent school districts may be financially interested in or have
any personal beneficial interest, either directly or indirectly, in the purchase of or contract
for any personal property or contractual service under either of the following conditions:
(1) The contract or agreement under which the financial interest arises was created prior
to the election or appointment of the individual to the position he or she holds. (2) The
individual holding the position does not participate in, by discussion or by vote, the decision-making
process which creates the financial or personal beneficial interest. (Acts 1967, Ex. Sess.,
No. 217, p. 259, §3; Act 2011-583, p. 1279, §1.)...
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8-26B-2
Section 8-26B-2 Definitions. In this chapter: (1) "Agency contract" means an agreement
in which a student athlete authorizes a person to negotiate or solicit on behalf of the athlete
a professional-sports-services contract or endorsement contract. (2) "Athlete agent":
(A) means an individual, whether or not registered under this chapter, who: (i) directly or
indirectly recruits or solicits a student athlete to enter into an agency contract or, for
compensation, procures employment or offers, promises, attempts, or negotiates to obtain employment
for a student athlete as a professional athlete or member of a professional sports team or
organization; (ii) for compensation or in anticipation of compensation related to a student
athlete's participation in athletics: (I) serves the athlete in an advisory capacity on a
matter related to finances, business pursuits, or career management decisions, unless the
individual is an employee of an educational institution acting exclusively as an...
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5-19A-7
Section 5-19A-7 Pawnshop charge; amounts in excess of pawnshop charge. (a) A pawnbroker may
contract for and receive a pawnshop charge in lieu of interest or other charges for all services,
expenses, costs, and losses of every nature but not to exceed 25 percent of the principal
amount, per month, advanced in the pawn transaction. (b) Any interest, charge, or fees contracted
for or received, directly or indirectly, in excess of the amount permitted under subsection
(a) shall be uncollectible and the pawn transaction shall be void. The pawnshop charge allowed
under subsection (a) shall be deemed earned, due, and owing as of the date of the pawn transaction
and a like sum shall be deemed earned, due, and owing on the same day of the succeeding month.
(Acts 1992, No. 92-597, p. 1227, §7.)...
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10A-1-2.12
Section 10A-1-2.12 Consideration for indebtedness. (a) Unless otherwise provided by its governing
documents or this title a domestic entity may create indebtedness for any consideration the
entity considers appropriate, including: (1) cash; (2) property; (3) a contract to receive
property; (4) a debt or other obligation of the entity or of another person; (5) services
performed or a contract for services to be performed; or (6) a direct or indirect benefit
realized by the entity. (b) In the absence of fraud in the transaction, the judgment of the
governing authority of a domestic entity as to the value of the consideration received by
the entity for indebtedness is conclusive. (c) For purposes of establishing the receipt of
consideration under this section, a domestic entity is treated as part of the entity creating
indebtedness if the domestic entity is directly or indirectly or wholly or partly owned by
that entity. (Act 2009-513, p. 967, §11.)...
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15-23-19
Section 15-23-19 Penalties - Failure of commission member to disclose conflict of interest.
(a) A member, agent or employee of the Alabama Crime Victims Compensation Commission commits
the crime of failing to disclose a conflict of interest if such member, agent or employee
exercises any discretionary function in connection with a commission contract, purchase, payment
or other pecuniary transaction pertaining to the commission without advance public disclosure
of a known potential conflicting interest in the transaction. (b) A "potential conflicting
interest" exists, but is not limited to, when the member, agent or employee of the commission
is a director, president, general manager or similar executive officer, or owns directly or
indirectly a substantial portion of any nongovernmental entity participating in the transaction.
(c) Public disclosure shall mean a public announcement and written notification to the Attorney
General. (d) Failing to disclose a conflict of interest is a...
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27-12-14
Section 27-12-14 Inducements as to property, casualty, or surety insurance. (a) No property,
casualty, or surety insurer, or any employee thereof, and no broker, agent, or solicitor shall
pay, allow, or give, or offer to pay, allow, or give, directly or indirectly, as an inducement
to insurance or after insurance has been effected, any rebate, discount, abatement, credit,
or reduction of the premium named in a policy of insurance, or any special favor or advantage
in the dividends or other benefits to accrue thereon or any valuable consideration or inducement
whatever not specified in the policy except to the extent provided for in rating systems filed
with the commissioner by, or on behalf of, the insurer and approved by the commissioner. (b)
No insured named in a policy nor any employee of such insured shall knowingly receive or accept,
directly or indirectly, any such rebate, discount, abatement, credit, or reduction of premium.
(c) Nothing in this section shall be construed as...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-12-14.htm - 4K - Match Info - Similar pages
5-18-4
Section 5-18-4 License - Required; exemptions; penalties for violation of section. (a) License
required. No person shall engage in the business of lending in amounts of less than one thousand
five hundred dollars ($1,500) and contract for, exact or receive, directly or indirectly,
on or in connection with any such loan, any charges whether for interest, insurance, compensation,
consideration, or expense, which in the aggregate are greater than the interest that the lender
would be permitted by law to charge for a loan of money if he or she were not a licensee under
this chapter, except as provided in and authorized by this chapter and without first having
obtained a license from the supervisor. For the purpose of this section, a loan shall be deemed
to be in the amount of less than one thousand five hundred dollars ($1,500) if the net amount
or value advanced to or on behalf of the borrower, after deducting all payments for interest,
expenses, and charges of any nature taken...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-18-4.htm - 3K - Match Info - Similar pages
27-12-12
Section 27-12-12 Life, annuity, and disability insurance - Agreements not expressed in contract,
rebates, and other inducements. (a) No person shall knowingly permit or offer to make, or
make, any contract of life insurance, annuity or disability insurance or agreement as to such
contract other than as plainly expressed in the contract issued thereon, or pay or allow,
or give or offer to pay, allow or give, directly or indirectly, as an inducement to such insurance
or annuity any rebate of premiums payable on the contract, or any special favor or advantage
in the dividends or other benefits thereon, or any paid employment or contract for services
of any kind, or any valuable consideration or inducement whatever not specified in the contract,
or, directly or indirectly, give, or sell, or purchase, or offer, or agree to give, sell,
purchase, or allow as inducement to such insurance or annuity or in connection therewith,
and whether or not to be specified in the policy or contract, any...
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