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41-10-267
Section 41-10-267 Powers of authority. The authority shall have the following powers
among others specified in this article: (1) To have succession by its corporate name until
dissolved as provided in this article; (2) To sue and be sued and to prosecute and defend,
at law or in equity, in any court having jurisdiction of the subject matter and of the parties
thereto; (3) To have and to use a corporate seal and to alter the same at pleasure; (4) To
make and alter all needful bylaws, rules and regulations for the transaction of the authority's
business and the control of its property and affairs; (5) To provide for the acquisition,
construction, installation, equipping, operation and maintenance of judicial facilities; (6)
To receive, take and hold by sale, gift, lease, devise or otherwise, real and personal property
of every description, and to manage the same; (7) To acquire by purchase, gift, or the exercise
of the power of eminent domain, or any other lawful means, and to transfer,...
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41-10-356
Section 41-10-356 Powers of authority. The authority shall have the following powers
among others specified in this article: (1) To have succession by its corporate name until
dissolved as provided in this article; (2) To sue and be sued and to prosecute and defend,
at law or in equity, in any court having jurisdiction of the subject matter and of the parties
thereto; (3) To have and to use a corporate seal and to alter the same at pleasure; (4) To
make and alter all needful bylaws, rules and regulations for the transaction of the authority's
business and the control of its property and affairs; (5) To provide for the acquisition,
construction, installation, equipping, operation and maintenance of mental health facilities,
including the equipping and improvement of existing mental health facilities; (6) To receive,
take and hold by sale, gift, lease, devise or otherwise, real and personal property of every
description, and to manage the same; (7) To acquire by purchase, gift, or any...
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45-49A-81.04
Section 45-49A-81.04 Investment of funds. All monies properly belonging to the fund
shall be kept in a separate account or accounts, and may, in the discretion of the persons
charged with the duties of administering the fund, be invested in any securities provided
by law to be a suitable investment for trust fund monies pursuant to the laws of this state
including, but not limited to, the following: (1) Bonds, notes, or other obligations of the
United States, or those guaranteed by the United States or for which the credit of the United
States is pledged for the payment of the principal and interest or the dividends thereof.
(2) State bonds pledging the full faith and credit of the state and revenue bonds additionally
secured by the full faith and credit of the state. (3) Bonds of the counties and municipalities
of the state which contain a pledge of full faith and credit of the county or municipality
which issues the bonds. (4) Savings accounts or certificates of deposit at any bank...
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7-9A-316
Section 7-9A-316 Effect of change in governing law. (a) General rule: Effect on perfection
of change in governing law. A security interest perfected pursuant to the law of the jurisdiction
designated in Section 7-9A-301(1) or 7-9A-305(c) remains perfected until the earliest
of: (1) the time perfection would have ceased under the law of that jurisdiction; (2) the
expiration of four months after a change of the debtor's location to another jurisdiction;
or (3) the expiration of one year after a transfer of collateral to a person that thereby
becomes a debtor and is located in another jurisdiction. (b) Security interest perfected or
unperfected under law of new jurisdiction. If a security interest described in subsection
(a) becomes perfected under the law of the other jurisdiction before the earliest time or
event described in that subsection, it remains perfected thereafter. If the security interest
does not become perfected under the law of the other jurisdiction before the earliest...
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27-21A-4
Section 27-21A-4 Powers of health maintenance organizations. (a) The powers of a health
maintenance organization include, but are not limited to the following: (1) The purchase,
lease, construction, renovation, operation, or maintenance of hospitals, medical facilities,
or both, and their ancillary equipment; (2) The making of loans other than in the ordinary
course of business, to providers under contract with it in furtherance of its program or the
making of loans to a corporation or corporations in which it owns a majority interest for
the purpose of acquiring or constructing medical facilities and hospitals or in furtherance
of a program providing health care services to enrollees. (3) The furnishing of health care
services through providers which are under contract with or employed by the health maintenance
organization. (4) The contracting with any person for the performance on its behalf of certain
functions such as marketing, enrollment, and administration. (5) The purchase,...
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27-32-1
Section 27-32-1 Definitions. For the purposes of this chapter, the following terms shall
have the meanings respectively ascribed to them by this section: (1) IMPAIRMENT or
INSOLVENCY. The capital of a stock insurer, the net assets of a Lloyd's plan insurer or the
surplus of a mutual or reciprocal insurer shall be deemed to be impaired and the insurer shall
be deemed to be insolvent when such insurer is not possessed of assets at least equal to all
liabilities and required reserves, together with its total issued and outstanding capital
stock, if a stock insurer, or the minimum surplus, if a Lloyd's plan, mutual or reciprocal
insurer, required by this title to be maintained for the kind or kinds of insurance it is
then authorized to transact. (2) INSURER. Any person, firm, corporation, association, or aggregation
of persons doing an insurance business and subject to the insurance supervisory authority
of, or to liquidation, rehabilitation, reorganization, or conservation by, the...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama
hereby agrees to the following interstate compact known as the Interstate Insurance Product
Regulation Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of
joint and cooperative action among the compacting states: 1. To promote and protect the interest
of consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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36-17-3
Section 36-17-3 Duties generally. The powers, functions, and duties of the Treasurer
shall be: (1) To receive all moneys due the state and deposit them in the proper accounts.
(2) To perform the functions and duties now authorized by law with respect to state depositaries.
(3) To pay all warrants duly executed by the Comptroller, and to pay for funds electronically
transferred by the Comptroller in accordance with Section 41-4-50, upon the determination
that there is sufficient money for the payment thereof in the fund upon which they are drawn.
No warrant executed by any other person shall be honored. All checks drawn on the state funds
shall be signed by the Treasurer, or the chief clerk in the office, and countersigned by the
special assistant in the office of the Treasurer, who is appointed by the Treasurer with the
approval of the Governor. Another employee may be designated by the Treasurer, with the approval
of the Governor, to countersign checks in the absence of the special...
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40-9B-3
Section 40-9B-3 Definitions. (a) For purposes of this chapter, the following words and
phrases mean: (1) ABATE, ABATEMENT. A reduction or elimination of a taxpayer's liability for
tax or payments required to be made in lieu thereof. An abatement of transaction taxes imposed
under Chapter 23 of this title, or payments required to be made in lieu thereof, shall relieve
the seller from the obligation to collect and pay over the transaction tax as if the sale
were to a person exempt, to the extent of the abatement, from the transaction tax. (2) ALTERNATIVE
ENERGY RESOURCES. The definition given in Section 40-18-1. (3) CONSTRUCTION RELATED
TRANSACTION TAXES. The transaction taxes imposed by Chapter 23 of this title, or payments
required to be made in lieu thereof, on tangible personal property and taxable services incorporated
into an industrial development property, the cost of which may be added to capital account
with respect to the property, determined without regard to any rule which...
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7-8-102
Section 7-8-102 Definitions. (a) In this article: (1) "Adverse claim" means
a claim that a claimant has a property interest in a financial asset and that it is a violation
of the rights of the claimant for another person to hold, transfer, or deal with the financial
asset. (2) "Bearer form," as applied to a certificated security, means a form in
which the security is payable to the bearer of the security certificate according to its terms
but not by reason of an indorsement. (3) "Broker" means a person defined as a broker
or dealer under the federal securities laws, but without excluding a bank acting in that capacity.
(4) "Certificated security" means a security that is represented by a certificate.
(5) "Clearing corporation" means: (i) a person that is registered as a "clearing
agency" under the federal securities laws; (ii) a federal reserve bank; or (iii) any
other person that provides clearance or settlement services with respect to financial assets
that would require it to...
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