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24-11-5
Section 24-11-5 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR SESSION,
EFFECTIVE MARCH 28, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Account Holder Responsibilities.
The account holder shall do all of the following: (1) Not use funds held in a first-time and
second chance home buyer savings account to pay expenses of administering the account, except
that a service or other account fee may be deducted from the account by the financial institution
in which the account is held. (2) Submit the following to the Department of Revenue with the
account holder's Alabama income tax return: a. Detailed information, in a form prescribed
by the Department of Revenue, regarding the first-time and second chance home buyer savings
account, including a list of transactions for the account during the tax year. b. Form 1099
issued by the financial institution for the account. (3) Submit to the department, upon a
withdrawal of funds from a first-time and second chance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-11-5.htm - 1K - Match Info - Similar pages
31-13-8
Section 31-13-8 Enrollment or attendance at institutions of postsecondary education. An alien
who is not lawfully present in the United States shall not be permitted to enroll in or attend
any public postsecondary education institution in this state. For the purposes of this section,
a public postsecondary education institution officer may seek federal verification of an alien's
immigration status with the federal government pursuant to 8 U.S.C. § 1373(c). A public postsecondary
education institution officer or official shall not attempt to independently make a final
determination of whether an alien is lawfully present in the United States. Except as otherwise
provided by law, an alien who is not lawfully present in the United States shall not be eligible
for any postsecondary education benefit, including, but not limited to, scholarships, grants,
or financial aid. (Act 2011-535, p. 888, §8; Act 2012-491, p. 1410, §1.)...
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35-5A-2
Section 35-5A-2 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ADULT. An individual
who has attained the age of 21 years. (2) BENEFIT PLAN. An employer's plan for the benefit
of an employee or partner, or an individual retirement account. (3) BROKER. A person lawfully
engaged in the business of effecting transactions in securities or commodities for the person's
own account or for the account of others. (4) CONSERVATOR. A person appointed or qualified
by a court to act as general, limited, or temporary guardian of a minor's property or a person
legally authorized to perform substantially the same functions. (5) COURT. Circuit court.
(6) CUSTODIAL PROPERTY. a. Any interest in property transferred to a custodian under this
chapter and b. The income from and proceeds of that interest in property. (7) CUSTODIAN. A
person so designated under Section 35-5A-10 or a successor or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-5A-2.htm - 2K - Match Info - Similar pages
40-17-271
Section 40-17-271 Powers and authority of the Commissioner of the Department of Revenue. (a)
Notwithstanding any other provisions of this law, the Commissioner of the Department of Revenue
is authorized to enter into reciprocal agreements on behalf of this state with the duly authorized
representatives of any of the states of the United States, the District of Columbia, or a
state or province of a foreign country or a territory or possession of either the United States
or a foreign country providing for the uniform administration of motor fuels use taxation
laws with respect to motor vehicles operated in multiple member jurisdictions. (b) In exercising
the authority granted by this article, the commissioner is expressly authorized and empowered
to enter into and to become a member of the International Fuel Tax Agreement or any other
designation that may, from time to time, be given to that plan, developed pursuant to the
Federal Intermodal Surface Transportation Efficiency Act of 1991....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-271.htm - 2K - Match Info - Similar pages
5-22-7
Section 5-22-7 Immunity from liability. Except as provided in Section 5-22-6, no financial
institution, or director, officer, employee or agent thereof, shall be civilly or criminally
liable to any person for acts or omissions done in connection with the keeping or maintaining
of records and providing of reports or disclosure thereof as required by this chapter and
no cause of action shall exist against any financial institution, director, officer, employee
or agent thereof for any action taken or not taken pursuant to or in reliance upon the provisions
of this chapter. (Acts 1990, No. 90-469, p. 674, §7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-22-7.htm - 919 bytes - Match Info - Similar pages
8-19A-10
Section 8-19A-10 Financial requirements. (a) An application filed pursuant to Section 8-19A-5
shall be accompanied by: (1) A bond executed by a corporate surety approved by the division
and licensed to do business in this state. (2) An irrevocable letter of credit issued for
the benefit of the applicant by a bank whose deposits are insured by an agency of the federal
government. (3) A certificate of deposit in a financial institution insured by an agency of
the federal government, which may be withdrawn only on the order of the division, except that
the interest may accrue to the applicant. (b) The amount of the bond, letter of credit, or
certificate of deposit shall be a minimum of fifty thousand dollars ($50,000), and the bond,
letter of credit, or certificate of deposit shall be conditioned upon compliance by the applicant
with this chapter. The division may establish a bond of a greater amount to ensure the general
welfare of the public and the interests of the telemarketing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-19A-10.htm - 1K - Match Info - Similar pages
16-22A-33
Section 16-22A-33 Submission of additional reports; suitability determination. Upon request
of the State Superintendent of Education, the Department of Public Safety shall request and
obtain nationwide criminal history background information reports from the Federal Bureau
of Investigation and statewide criminal history background information reports from the Alabama
Bureau of Investigation for each current public certified employee and current public noncertified
employee within a reasonable time after receipt of the request. Within a reasonable time after
receipt of the reports, the Department of Public Safety shall submit both the nationwide and
statewide criminal history background information reports directly to the State Department
of Education. (1) If the criminal history background information reports pertain to a current
public certified employee, the State Superintendent of Education shall review the criminal
history record information reports and make a diligent effort to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-22A-33.htm - 6K - Match Info - Similar pages
19-3B-802
Section 19-3B-802 Duty of loyalty. (a) A trustee shall administer the trust solely in the interests
of the beneficiaries. (b) Subject to the rights of persons dealing with or assisting the trustee
as provided in Section 19-3B-1012, a sale, encumbrance, or other transaction involving the
investment or management of trust property entered into by the trustee for the trustee's own
personal account or which is otherwise affected by a conflict between the trustee's fiduciary
and personal interests is voidable by a beneficiary affected by the transaction unless: (1)
the transaction was authorized by the terms of the trust; (2) the transaction was approved
by the court; (3) the beneficiary did not commence a judicial proceeding within the time allowed
by Section 19-3B-1005; (4) the beneficiary consented to the trustee's conduct, ratified the
transaction, or released the trustee in compliance with Section 19-3B-1009; or (5) the transaction
involves a contract entered into or claim acquired by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3B-802.htm - 5K - Match Info - Similar pages
27-2B-9
Section 27-2B-9 Confidentiality of reports and plans; information sharing agreements; publication
of RBC levels prohibited; use of reports and plans by commissioner. (a) All RBC reports, to
the extent the information therein is not required to be set forth in a publicly available
annual statement schedule, and RBC plans, including the results or report of any examination
or analysis of an insurer performed pursuant hereto and any corrective order issued by the
commissioner pursuant to examination or analysis, with respect to any domestic insurer or
foreign insurer which are filed with the commissioner constitute information that may be damaging
to the insurer if made available to its competitors and therefore shall be kept confidential
by the commissioner. This information shall not be made public or be subject to subpoena,
other than by the commissioner, and then only for the purpose of enforcement actions taken
by the commissioner pursuant to this chapter or any other provision of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-2B-9.htm - 5K - Match Info - Similar pages
27-5B-8
Section 27-5B-8 Certified reinsurer. (a) Credit shall be allowed when the reinsurance is ceded
to an assuming insurer that is certified by the commissioner as a reinsurer in this state
and secures its obligations in accordance with the requirements of this section. In order
to be eligible for certification, the assuming insurer shall meet all of the following requirements:
(1) The assuming insurer must be domiciled and licensed to transact insurance or reinsurance
in a qualified jurisdiction, as determined by the commissioner pursuant to subsection (c).
(2) The assuming insurer must maintain minimum capital and surplus, or its equivalent, in
an amount to be determined by the commissioner pursuant to regulation. (3) The assuming insurer
must maintain financial strength ratings from two or more rating agencies deemed acceptable
by the commissioner pursuant to regulation. (4) The assuming insurer must agree to submit
to the jurisdiction of this state, appoint the commissioner as its agent...
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