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45-49-23.09
Section 45-49-23.09 Agreements governed by this part; transferees; successors. (a) This part
shall apply to agreements in existence on May 13, 1993, as well as agreements entered into
or renewed after May 13, 1993. (b) A transferee of a wholesaler that continues in business
as a wholesaler shall have the benefit of and be bound by all terms and conditions of the
agreement with the supplier in effect on the date of the transfer; provided, however, a transfer
of a wholesaler's business which requires supplier's consent or approval but is disapproved
by the supplier shall be null and void. (c) A successor to a supplier that continues in business
as a supplier shall be bound by all terms and conditions of each agreement of the supplier
in effect on the date of succession. (Act 93-483, p. 764, ยง 11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49-23.09.htm - 1K - Match Info - Similar pages
7-4A-405
Section 7-4A-405 Payment by beneficiary's bank to beneficiary. (a) If the beneficiary's bank
credits an account of the beneficiary of a payment order, payment of the bank's obligation
under Section 7-4A-404(a) occurs when and to the extent (i) the beneficiary is notified of
the right to withdraw the credit, (ii) the bank lawfully applies the credit to a debt of the
beneficiary, or (iii) funds with respect to the order are otherwise made available to the
beneficiary by the bank. (b) If the beneficiary's bank does not credit an account of the beneficiary
of a payment order, the time when payment of the bank's obligation under Section 7-4A-404(a)
occurs is governed by principles of law that determine when an obligation is satisfied. (c)
Except as stated in subsections (d) and (e), if the beneficiary's bank pays the beneficiary
of a payment order under a condition to payment or agreement of the beneficiary giving the
bank the right to recover payment from the beneficiary if the bank does...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-4A-405.htm - 3K - Match Info - Similar pages
10A-8A-5.02
Section 10A-8A-5.02 Transfer of partner's transferable interest. (a) A transfer, in whole or
in part, of a partner's transferable interest: (1) is permissible; (2) does not by itself
cause the partner's dissociation; (3) does not by itself cause a dissolution and winding up
of the partnership; and (4) subject to Section 10A-8A-5.05, does not entitle the transferee
to: (A) participate in the management or conduct of the partnership's business or not for
profit activity; or (B) except as otherwise provided in subsection (d), have access to required
information, records, or other information concerning the partnership's business or not for
profit activity. (b) A transferee has a right: (1) to receive, in accordance with the transfer,
distributions to which the transferor would otherwise be entitled; (2) to receive upon the
dissolution and winding up of the partnership, in accordance with the transfer, the net amount
otherwise distributable to the transferor; and (3) to seek under Section...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-5.02.htm - 2K - Match Info - Similar pages
7-4-213
Section 7-4-213 Medium and time of settlement by bank. (a) With respect to settlement by a
bank, the medium and time of settlement may be prescribed by Federal Reserve regulations or
circulars, clearing-house rules, and the like, or agreement. In the absence of such prescription:
(1) The medium of settlement is cash or credit to an account in a Federal Reserve bank of
or specified by the person to receive settlement; and (2) The time of settlement, is: (i)
With respect to tender of settlement by cash, a cashier's check, or teller's check, when the
cash or check is sent or delivered; (ii) With respect to tender of settlement by credit in
an account in a Federal Reserve bank, when the credit is made; (iii) With respect to tender
of settlement by a credit or debit to an account in a bank, when the credit or debit is made
or, in the case of tender of settlement by authority to charge an account, when the authority
is sent or delivered; or (iv) With respect to tender of settlement by a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-4-213.htm - 2K - Match Info - Similar pages
24-9-7
Section 24-9-7 Disposition of tax delinquent properties. (a) The authority shall adopt rules
and regulations for the disposition of property in which the authority holds a legal interest,
which rules and regulations shall address the conditions set forth in this section. (b) The
authority may manage, maintain, protect, rent, repair, insure, alter, convey, sell, transfer,
exchange, lease as lessor, or otherwise dispose of property or rights or interests in property
in which the authority holds a legal interest to any public or private person for value determined
by the authority on terms and conditions, and in a manner and for an amount of consideration
the authority considers proper, fair, and valuable, including for no monetary consideration.
The transfer and use of property under this section and the exercise by the authority of powers
and duties under Act 2013-249 shall be considered a necessary public purpose and for the benefit
of the public. (c) Before the authority may sell,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-9-7.htm - 4K - Match Info - Similar pages
32-20-32
Section 32-20-32 Involuntary transfer of interest. (a) If the interest of an owner in a manufactured
home passes to another other than by voluntary transfer, the transferee, except as hereinafter
provided in subsection (b), shall promptly mail or deliver to a designated agent the last
certificate of title, if available, and proof of the transfer, together with his or her application
for a new certificate in the form the department prescribes. If the interest of an owner in
a manufactured home passes to another other than by voluntary transfer, and the manufactured
home is permanently affixed to the real property and the owner of the manufactured home and
the real property are the same then the transferee, except as hereinafter provided in subsection
(b), shall promptly mail or deliver to a designated agent the last certificate of title, if
available, and proof of the transfer, together with his or her application for a certificate
of cancellation in the form the department prescribes....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-20-32.htm - 2K - Match Info - Similar pages
7-3-106
Section 7-3-106 Unconditional promise or order. (a) Except as provided in this section, for
the purposes of Section 7-3-104(a), a promise or order is unconditional unless it states (i)
an express condition to payment, (ii) that the promise or order is subject to or governed
by another writing, or (iii) that rights or obligations with respect to the promise or order
are stated in another writing. A reference to another writing does not of itself make the
promise or order conditional. (b) A promise or order is not made conditional (i) by a reference
to another writing for a statement of rights with respect to collateral, prepayment, or acceleration,
or (ii) because payment is limited to resort to a particular fund or source. (c) If a promise
or order requires, as a condition to payment, a countersignature by a person whose specimen
signature appears on the promise or order, the condition does not make the promise or order
conditional for the purposes of Section 7-3-104(a). If the person...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-3-106.htm - 2K - Match Info - Similar pages
7-4-215
Section 7-4-215 Final payment of item by payor bank; when provisional debits and credits become
final; when certain credits become available for withdrawal. (a) An item is finally paid by
a payor bank when the bank has first done any of the following: (1) Paid the item in cash;
(2) Settled for the item without having a right to revoke the settlement under statute, clearing-house
rule, or agreement; or (3) Made a provisional settlement for the item and failed to revoke
the settlement in the time and manner permitted by statute, clearing-house rule, or agreement.
(b) If provisional settlement for an item does not become final, the item is not finally paid.
(c) If provisional settlement for an item between the presenting and payor banks is made through
a clearing house or by debits or credits in an account between them, then to the extent that
provisional debits or credits for the item are entered in accounts between the presenting
and payor banks or between the presenting and successive...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-4-215.htm - 2K - Match Info - Similar pages
32-7-11
Section 32-7-11 Custody, disposition and return of security. Security deposited in compliance
with the requirements of this chapter shall be placed by the director in the custody of the
State Treasurer and shall be applicable only to the payment of a judgment or judgments rendered
against the person or persons on whose behalf the deposit was made, for damages arising out
of the accident in question in an action at law, begun not later than the period of time provided
in Section 6-2-38(l), with regard to actions for injury to the person or rights of another
not arising from contract, or any successor statute of limitations, for general negligence,
following the date of such accident or within the period of time following the date of deposit
of any security under subdivision (3) of Section 32-7-8, or to the payment in settlement agreed
to by the depositor of a claim or claims arising out of such accident. Such deposit or any
balance thereof shall be returned to the depositor or his or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7-11.htm - 1K - Match Info - Similar pages
36-28-8
Section 36-28-8 Contribution Fund. (a) There is hereby established a special fund to be known
as the Contribution Fund. Such fund shall consist of and there shall be deposited in such
fund: (1) All contributions, interest and penalties collected under Sections 36-28-5 and 36-28-7;
(2) All moneys appropriated thereto under this chapter; (3) Any property or securities and
earnings thereof acquired through the use of moneys belonging to the fund; (4) Interest earned
upon any moneys in the fund; and (5) All sums recovered upon the bond of the custodian or
otherwise for losses sustained by the fund and all other moneys received for the fund from
any other source. All moneys in the fund shall be mingled and undivided. Subject to the provisions
of this chapter, the state Comptroller is vested with full power, authority and jurisdiction
over the fund, including all moneys and property or securities belonging thereto, and may
perform any and all acts whether or not specifically designated,...
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