7-7-210
Section 7-7-210 Enforcement of warehouse's lien. (a) Except as otherwise provided in subsection
(b), a warehouse's lien may be enforced by public or private sale of the goods, in bulk or
in packages, at any time or place and on any terms that are commercially reasonable, after
notifying all persons known to claim an interest in the goods. The notification must include
a statement of the amount due, the nature of the proposed sale, and the time and place of
any public sale. The fact that a better price could have been obtained by a sale at a different
time or in a method different from that selected by the warehouse is not of itself sufficient
to establish that the sale was not made in a commercially reasonable manner. The warehouse
sells in a commercially reasonable manner if the warehouse sells the goods in the usual manner
in any recognized market therefor, sells at the price current in that market at the time of
the sale, or otherwise sells in conformity with commercially reasonable...
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23-7-21
Section 23-7-21 Securing of bonds - Pledge. (a) Any pledge made by the bank to secure its obligations
with respect to bonds or other financial assistance is valid and binding from the time the
pledge is made. The revenue, money, or property pledged and received by the bank is immediately
subject to the lien of the pledge without any physical delivery or further act. The lien of
any pledge is valid and binding as against all parties having claims of any kind in tort,
contract, or otherwise against the bank, irrespective of whether the parties have notice of
the pledge. (b) No recording or filing of the resolution authorizing the issuance of bonds
or other financial assistance, the trust indenture or other financing agreement securing the
bonds or other financial assistance, or any other instrument including filings under the Uniform
Commercial Code is necessary to create or perfect any pledge or security interest granted
by the bank to secure any bonds or other financial assistance....
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45-46-90.10
Section 45-46-90.10 Lien on pledge of revenues. Any pledge of revenues from the operation of
facilities of an authority shall be valid and binding from the time it is made, and the revenues
so pledged and thereafter received by the authority shall immediately become subject to the
lien of such pledge without any physical delivery thereof or further act. The lien of such
pledge shall be valid and binding against all parties having claims of any kind in tort, contract,
or otherwise against the authority, irrespective of whether the parties have actual notice
thereof, from the time a statement is filed in the office of the Judge of Probate of Marengo
County, Alabama. Such notice need state only the date on which the resolution authorizing
the issuance of the bonds was adopted by the board, the principal amount of bonds issued,
a brief description of the revenues so pledged, and a brief description of any property the
revenues from which are so pledged. The method provided in this section...
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7-2A-516
Section 7-2A-516 Effect of acceptance of goods; notice of default; burden of establishing default
after acceptance; notice of claim or litigation to person answerable over. (1) A lessee must
pay rent for any goods accepted in accordance with the lease contract, with due allowance
for goods rightfully rejected or not delivered. (2) A lessee's acceptance of goods precludes
rejection of the goods accepted. In the case of a finance lease, other than a consumer lease
in which the supplier assisted in the preparation of the lease contract or participated in
negotiating the terms of the lease contract with the lessor, if made with knowledge of a nonconformity,
acceptance cannot be revoked because of it. In any other case, if made with knowledge of a
nonconformity, acceptance cannot be revoked because of it unless the acceptance was on the
reasonable assumption that the nonconformity would be seasonably cured. Acceptance does not
of itself impair any other remedy provided by this article or...
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8-13-3
Section 8-13-3 License - Application. An applicant for a license to conduct a going out of
business sale or a distress merchandise sale shall file an application with the judge of probate
of the county in which such sale shall be held at least 30 days prior to such sale; provided,
however, that the said 30-day period may be waived in writing by the probate judge to whom
the application is made for good cause shown. The application shall be made upon forms prescribed
by the Commissioner of Revenue of the State of Alabama, signed and verified by the applicant
and shall include the following information: (1) Name and address of the applicant and also
the name of the true owner if the applicant is not such true owner; (2) Name, location, and
time of the proposed going out of business sale or distress merchandise sale; (3) Inventory
of the goods, wares, or merchandise, on hand and on order, which the applicant intends to
offer for sale at a going out of business sale or distress merchandise...
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11-50A-31
Section 11-50A-31 Effectiveness of pledges and security interests. Any pledge or security interest
created or granted by the authority shall be valid and binding from the time when the same
is made; moneys or property which are the subject of such pledge or security interest and
then held or thereafter received by the authority shall immediately be subject to such pledge
or security interest without any physical delivery thereof or further act; and such pledge
or security interest shall be valid and binding as against all parties having claims of any
kind in tort, contract or otherwise against the authority, irrespective of whether or not
such parties have notice thereof. Neither the bond resolution, trust agreement or indenture
nor any other instrument relating to bonds, bond anticipation notes or notes or otherwise
creating or granting any such pledge or security interest need be filed or recorded in any
office other than with the records of the authority. (Acts 1981, No. 81-681, p....
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2-29-7
Section 2-29-7 Maintenance of records by commission merchants as to handling, storage or sale
of farm products. It shall be the duty of every commission merchant upon receipt of any farm
products for sale on commission to make and keep a correct record thereof, showing in detail
the following with reference to the handling, sale or storage of any such farm products: the
name and address of the consignor, the date received, the grade, quantity and condition when
received, the amounts sold, the date of each sale, the price for which sold, itemized statement
of the expenses connected with or incurred in making sale and to whom sold, including the
complete name and address. A copy of such record and account of sale of such farm products,
together with remittance in full of the amount realized by such sale, less expenses and commission,
shall be mailed to the consignor within 48 hours after the consummation of and in no case
shall such remittance be delayed for a longer period than seven...
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35-4-75
Section 35-4-75 Time for delivery of deed; when recorded contract presumed abandoned. (a) Where
any contract or extension thereof for the sale of any interest in land fails to state the
time within which, or the circumstances under which, a deed is to be delivered, the time for
the delivery of the deed shall be a reasonable time after the date on which the contract was
entered into, and in no case more than one year subsequent to such date. (b) Where any contract
for the sale of any interest in land or any extension of such contract has been recorded or
rerecorded and five years have elapsed since the time provided by the parties or by subsection
(a) of this section for the delivery of the deed, whichever period shall be the longer, and
no action has been brought for the specific performance of such contract or for the foreclosure
of the vendee's interest or for the enforcement of an equitable lien arising from the contract
and no lis pendens has been properly filed, a lienholder or a...
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40-7-43
Section 40-7-43 Duties of assessor when he has reason to believe property may be removed or
otherwise escape taxation. When the tax assessor has reason to believe that any person whose
property has been or is due to be assessed for taxation, either for the current tax year or
any preceding year, has removed or is about to remove from the county, or that such person
is closing out or going out of business by selling or disposing of substantially all of his
personal property on which taxes would be due on the next following October 1, or where insolvency
is impending, or where goods, wares, or merchandise are advertised for sale at auction, bankrupt,
insolvent, assignment, or fire sale, or where goods, wares, or merchandise are to be sold
or advertised to be sold for the satisfying of creditors, he shall at once notify the tax
collector in writing, if the property has been assessed; and, if the property has not been
assessed, the assessor shall at once make an assessment against the same...
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7-7-308
Section 7-7-308 Enforcement of carrier's lien. (a) A carrier's lien on goods may be enforced
by public or private sale of the goods, in bulk or in packages, at any time or place and on
any terms that are commercially reasonable, after notifying all persons known to claim an
interest in the goods. The notification must include a statement of the amount due, the nature
of the proposed sale, and the time and place of any public sale. The fact that a better price
could have been obtained by a sale at a different time or in a method different from that
selected by the carrier is not of itself sufficient to establish that the sale was not made
in a commercially reasonable manner. The carrier sells goods in a commercially reasonable
manner if the carrier sells the goods in the usual manner in any recognized market therefor,
sells at the price current in that market at the time of the sale, or otherwise sells in conformity
with commercially reasonable practices among dealers in the type of...
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