|
19-3B-1010
Section 19-3B-1010 Limitation on personal liability of trustee. (a) Except as otherwise provided
in the contract, a trustee is not personally liable on a contract properly entered into in
the trustee's fiduciary capacity in the course of administering the trust if the trustee in
the contract disclosed the fiduciary capacity. (b) A trustee is personally liable for torts
committed in the course of administering a trust, or for obligations arising from ownership
or control of trust property, including liability for violation of environmental law, but
only if the trustee, the trustee's employee, or the trustee's agent is personally at fault.
(c) A claim based on a contract entered into by a trustee in the trustee's fiduciary capacity,
on an obligation arising from ownership or control of trust property, or on a tort committed
in the course of administering a trust, may be asserted in a judicial proceeding against the
trustee in the trustee's fiduciary capacity, whether or not the trustee...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3B-1010.htm - 1K - Match Info - Similar pages
11-54B-9
Section 11-54B-9 Collection of special assessment; procedures; claim of lien; interest, penalties,
and fees. (a) A self-help business improvement district ordinance shall provide that the special
assessment levied on the owners of the real property located within the geographical area
of the district shall be collected by the district management corporation. The collection
procedures utilized by the district management corporation shall include the mailing of a
notice of the special assessment to the person shown as owner of the property on the records
of the tax assessor in the following manner: (1) After October 1 of each year, the district
management corporation may levy the special assessment for services to be provided during
the following calendar year. (2) The assessment shall be due on December 1 and delinquent
on January 1 following the October levy. (3) Upon delinquency, interest and penalties may
be assessed in the amounts provided in subsection (d). (b) Notwithstanding...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-9.htm - 6K - Match Info - Similar pages
11-89-16
Section 11-89-16 Exemption from taxation of district and property, leases, bonds, etc., thereof;
payment of fees, taxes, or costs to probate judge for incorporation, etc. The district, the
property and income of the district, all bonds issued by the district, the income from such
bonds, conveyances by or to the district, and leases, mortgages, and deeds of trust by or
to the district shall be exempt from all taxation in the State of Alabama. The district shall
be exempt from all taxes levied by any county, municipality, or other political subdivision
of the state, including, but without limitation to, license and excise taxes imposed in respect
of the privilege of engaging in any of the activities that a district may engage in. The district
shall not be obligated to pay or allow any fees, taxes, or costs to the judge of probate of
any county in respect of its incorporation, the amendment of its certificate of incorporation,
or the recording of any document. (Acts 1970, Ex. Sess., No....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-16.htm - 1K - Match Info - Similar pages
11-99B-14
Section 11-99B-14 Exemption from taxation of district and the property, leases, and bonds thereof;
payment of fees, taxes, or costs to judge of probate for incorporation. The property and income
of the district, all bonds issued by the district, the income, and profits from such bonds,
conveyances by or to the district and leases, mortgages, and deeds of trust by or to the district
shall be exempt from all taxation in the state. The district shall be exempt from all taxes
levied by any county, municipality, or other political subdivision of the state, including,
but without limitation to, license and excise taxes imposed in respect of the privilege of
engaging in any of the activities that a district may engage in. The district shall not be
obligated to pay or allow any fees, taxes, or costs to the judge of probate of any county
in respect of its incorporation, the amendment of its certificate of incorporation or the
recording of any document. (Act 2000-781, p. 1825, ยง14.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99B-14.htm - 1K - Match Info - Similar pages
40-14A-32
Section 40-14A-32 (Repealed for taxable years beginning on or after January 1, 2002.) Exemptions.
The tax levied by this article shall not apply to: (1) Financial institutions, as defined
in Section 40-16-1, that are subject to the provisions of Chapter 16 as to the excise taxes
levied on financial institutions; (2) Insurance companies that are subject to the premium
taxes levied by Chapter 4A of Title 27; (3) Corporations, limited liability entities, companies,
or associations whose property is assessed for taxation pursuant to the provisions of Chapter
21 and are also obligated to serve the general public; (4) Real estate investment trusts as
defined in Chapter 13 of Title 10; and (5) Any corporation organized as a not-for-profit corporation
that does not engage in any business other than holding title to property and paying the expenses
thereof, including, without limitation, a property owner's association or a corporation organized
solely to hold title to property on a temporary...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-14A-32.htm - 1K - Match Info - Similar pages
40-9-14.1
Section 40-9-14.1 Certificates of exemption to governmental entities, contractors, etc., for
certain tax exempt projects. (a) For the purposes of this section, the term governmental entity
means the State of Alabama and its political subdivisions, including a county, a municipality,
an industrial or economic development board or authority, and any public water or sewer authority,
district, system, or board that otherwise is sales and use tax exempt. A governmental entity
shall also include an educational institution of any of the foregoing Alabama political subdivisions
including a public college or university, a county or city board of education, and the State
Board of Education. (b)(1) The Department of Revenue shall issue a certificate of exemption
to the governmental entity for each tax exempt project. (2) The Department of Revenue shall
grant a certificate of exemption from state and local sales and use taxes to any contractor
licensed by the State Licensing Board for General...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9-14.1.htm - 5K - Match Info - Similar pages
41-14-35
Section 41-14-35 Security for deposits or accounts. (a) All public deposits, as defined in
Chapter 14A, of the state shall be secured to the extent and in the manner provided in Chapter
14A by any combination of the following securities and instruments, which may be issued and
held in either definitive or book-entry form: Direct obligations of the State of Alabama or
any other state of the United States; obligations of the United States government or that
are fully guaranteed as to payment of principal and interest by the United States; obligations
issued or guaranteed by any agency or instrumentality of the United States, including, without
limitation, the Government National Mortgage Association or any successor thereto, any Federal
Farm Credit Bank or any successor thereto, the Federal Housing Finance Board or any successor
thereto, the Federal Home Loan Bank System or any successor thereto, or any Federal Home Loan
Bank or any successor thereto; debt obligations, including, without...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-14-35.htm - 5K - Match Info - Similar pages
9-9-40
Section 9-9-40 Bonds - Remedies and proceedings upon default. (a) If any installment of principal
and interest evidenced by any bonds issued under the provisions of this article shall not
be paid at the time and in the manner when the same shall become due and payable, the same
shall bear interest at the rate of eight percent per annum until paid, and if such default
shall continue for a period of 60 days, the holder or holders of such bond or bonds upon which
default has been made may have a right of action against said water management district wherein
the court may issue a writ of mandamus against the officers of said district, including the
tax collector, directing the levying of a sufficient tax as provided in this article and the
collection of same in such sum as may be necessary to meet any unpaid installments of principal
and interest and costs of suit and such other remedies are hereby vested in the holder or
holders of such bond or bonds in default as may be authorized by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-9-40.htm - 9K - Match Info - Similar pages
11-92C-23
Section 11-92C-23 Loans, sales, grants, guarantees, and contractual or lease obligations of
money or property. (a) For the purpose of securing services of or the right to use or the
use by its citizens or customers of one or more projects of an authority, a cooperative district
of which the authority is a member, or any private user, or aiding or cooperating with the
authority, a cooperative district of which the authority is a member, or any private user
in the planning, development, undertaking, acquisition, construction, extension, improvement,
financing, operation, or protection of a project, any county, municipality, or other political
subdivision, public corporation, agency, or instrumentality of this state, upon such terms
and with or without consideration, as it determines, may do all of the following: (1) Lend
or donate money to, guarantee all or any part of the indebtedness or operating expense of,
or perform services for the benefit of, the authority, a cooperative district...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-23.htm - 4K - Match Info - Similar pages
40-10-197
Section 40-10-197 Action to foreclose the right to redeem and quiet title; notice requirements;
effect of foreclosure; deed; expiration of certificate. (a) At any time not less than three
years after the auction or sale of a tax lien but not later than 10 years after the auction
or sale, if the tax lien is not redeemed, the holder of the tax lien certificate may bring
in the circuit court of the county in which the property is located an action to foreclose
the right to redeem and quiet title to the property in the name of the holder of the tax lien
certificate. If any applicable law or court order prohibits bringing an action to foreclose
the right to redeem and quiet title to the property, the limitation provided in this section
shall be extended 12 months following the termination of the prohibition. (b)(1) At least
30 days before filing a tax lien foreclosure action under this article, but not more than
180 days before the action is commenced, the holder of the tax lien certificate...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-10-197.htm - 5K - Match Info - Similar pages
|