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16-44-1
by the commission pursuant to this paragraph or services borrowed pursuant to paragraph F of
this article shall be reported in the annual report of the commission. Such report shall include
the nature, amount and conditions, if any, of the donation, grant, or services borrowed, and
the identity of the donor or lender. H. The commission may establish and maintain such facilities
as may be necessary for the transacting of its business. The commission may acquire, hold,
and convey real and personal property and any interest therein. I. The commission shall
adopt bylaws for the conduct of its business and shall have the power to amend and rescind
these bylaws. The commission shall publish its bylaws in convenient form and shall file a
copy thereof and a copy of any amendment thereto, with the appropriate agency or officer in
each of the party states. J. The commission annually shall make to the governor and legislature
of each party state a report covering the activities of the...
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34-27-50
contract, promissory note, credit agreement, negotiable instrument, lease, use agreement, license,
security, or other muniment conferring on the purchaser the rights, benefits, and obligations
of a vacation time-sharing plan. (4) COMMISSION. The Alabama Real Estate Commission. (5) COMMISSIONER.
A member of the Alabama Real Estate Commission. (6) FACILITIES. Any structure, service, or
property whether improved or unimproved made available to the purchaser for recreational,
social, family, or personal use. (7) SELLER. Any owner of a vacation time-sharing plan
or any business entity, including but not limited to an agent, dealer, distributor, franchiser,
subsidiary, assignee, reseller, broker, or any other representative thereof who, for a fee,
commission, or other valuable consideration, negotiates or attempts to negotiate the listing,
sale, auction, purchase, exchange, or lease of any real estate or the improvements thereon
or collects rents or attempts to collect rents, or who...
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41-10-541
such obligations, and which meet the greater of 100% collateralization or the "AA"
collateral levels established by Standard & Poor's Rating Group for structured financings;
and h. Uncollateralized investment agreements with, or certificates of deposit issued by banks
or bank holding companies, the senior long-term securities of which are rated at least "AA"
by Standard & Poor's Rating Group and at least "Aa" by Moody's Investors Service.
(11) FINANCED PROPERTY. All property whether real, personal, or mixed, the costs of
which were or are to be paid or reimbursed in whole or in part with the proceeds of bonds
of the authority or the proceeds of authority-guaranteed obligations. (12) FINANCING AGREEMENT.
Any loan, lease, agreement, grant agreement, financing agreement, credit agreement, security
agreement, mortgage, indenture, guaranty agreement, or other type of agreement entered into
by the authority in connection with the incurring of authority obligations. (13) FUNDING AGREEMENT....
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41-18-1
or grant accepted by the board pursuant to this paragraph or services borrowed pursuant to
paragraph (g) of this article shall be reported in the annual report of the board. Such report
shall include the nature, amount and conditions if any, of the donation, grant or services
borrowed and the identity of the donor or lender. (i) The board may establish and maintain
such facilities as may be necessary for the transacting of its business. The board may acquire,
hold and convey real and personal property and any interest therein. (j) The board
shall adopt bylaws for the conduct of its business and shall have the power to amend and rescind
these bylaws. The board shall publish its bylaws in convenient form and shall file a copy
thereof and a copy of any amendment thereto with the appropriate agency or officer in each
of the party states. (k) The board annually shall make to the governor and legislature of
each party state a report covering the activities of the board for the...
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28-3-190
Section 28-3-190 Levy of tax; collection; disposition of proceeds by localities; enforcement
and administration; penalties; exclusive nature of tax. (a) Levy. In addition to the excise
tax levied by Article 5A of Chapter 3 of this title and the licenses provided for by Chapter
3A of this title and by Section 28-3-194, and any acts amendatory thereof, supplementary thereto
or substituted therefor, and municipal and county licenses, there is hereby levied a privilege
or excise tax on every person licensed under the provisions of Chapter 3A who sells, stores,
or receives for the purpose of distribution, to any person, firm, corporation, club, or association
within the State of Alabama any beer. The tax levied hereby shall be measured by and graduated
in accordance with the volume of sales by such person of beer, and shall be an amount equal
to one and six hundred twenty-five thousands cents (1.625 cents) for each four fluid ounces
or fractional part thereof. (b) Collection. The tax levied...
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5-13B-87
Section 5-13B-87 Fiduciary activities. (a) No foreign bank which is licensed to establish and
maintain an Alabama state branch or Alabama state agency shall engage in fiduciary activities
at such office unless such foreign bank shall have first obtained a certificate of authority
from the superintendent to engage in fiduciary activities at such office. (b) An application
to obtain a certificate of authority to engage in fiduciary activities shall be in such form
and contain such information, and be accompanied by such reasonable fee, as the superintendent
may require by regulation. The superintendent shall issue a certificate of authority to engage
in fiduciary activities to a foreign bank making an application under this section if he or
she finds that such foreign bank will exercise fiduciary powers in accordance with the laws
and regulations of this state. (c) A foreign bank which holds a certificate of authority issued
under this section may engage at its Alabama state branch or...
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5-13B-9
Section 5-13B-9 Agency activities. (a) Any Alabama state bank may, upon compliance with the
requirements of this section, agree to receive deposits, renew time deposits, close loans,
service loans, receive payments on loans and other obligations and, with the prior approval
of the superintendent, perform other services as an agent for any depository institution.
(b) An Alabama state bank that proposes to enter into an agency agreement to perform services
other than those specifically designated in subsection (a) shall file with the superintendent
at least 30 days before the effective date of the agreement: (1) A notice of intention to
enter into such an agency agreement with a depository institution; (2) A description of the
services other than those specifically designated in subsection (a) proposed to be performed
under the agency agreement; and (3) A copy of the agreement. (c) If any proposed service is
not specifically designated in subsection (a) and has not previously been...
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5-3A-3
Section 5-3A-3 Disclosure of information obtained by superintendent, bank examiners, etc. (a)
Neither the superintendent, any member of the Banking Board, nor any bank examiner or other
state employee shall disclose the condition and affairs of any bank or bank holding company,
or their subsidiaries or other affiliates, ascertained by an examination of such bank, or
bank holding company, or affiliates, or report or give information as to persons who are depositors
or debtors of a bank, except as authorized or required by law; provided, that this section
shall not be construed to prevent bank examiners and other employees from reporting such information
to the superintendent or such persons as the superintendent may lawfully designate. (b) Notwithstanding
the provisions of subsection (a), the superintendent, at the superintendent's discretion,
may disclose any information, otherwise protected under this section, to the members of the
Banking Board and confer with the members of the...
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5-13B-96
Section 5-13B-96 Appointment of superintendent as agent for service of process. (a) A foreign
bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency,
or Alabama representative office shall file with the superintendent an instrument irrevocably
appointing the superintendent and his or her successors in office to be such foreign bank's
agent, representative, and attorney to receive service of any lawful process in any judicial
or administrative proceeding against the foreign bank or any of its successors which arises
out of the foreign bank's activities in this state after such appointment has been filed,
with the same force and validity as if served directly on the foreign bank or its successor,
as the case may be. Such appointment shall be in such form and contain such information as
the superintendent may require by regulation or order. (b) Any foreign bank which establishes
an Alabama state branch, Alabama state agency, or Alabama...
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5-13B-97
Section 5-13B-97 Service of process. (a) Service of any lawful process in any judicial or administrative
proceeding against the foreign bank or any of its successors which arises out of the foreign
bank's activities in this state shall be made on the superintendent by delivering to and leaving
with him or her, or with any official having charge of his or her office, duplicate copies
of such process, notice, or demand. If any process, notice, or demand is served on the superintendent,
he or she shall immediately cause a copy thereof to be forwarded by registered mail addressed
to such foreign bank at its principal office as the same appears in his or her records. Any
service so had on the superintendent shall be returnable in not less than 30 days. (b) Nothing
in this article limits or affects the right to serve any process, notice, or demand required
or permitted by law to be served upon a foreign corporation in any other manner now or hereafter
permitted by law. (c) The superintendent...
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