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7-4-208
Section 7-4-208 Presentment warranties. (a) If an unaccepted draft is presented to the drawee
for payment or acceptance and the drawee pays or accepts the draft, (i) the person obtaining
payment or acceptance, at the time of presentment, and (ii) a previous transferor of the draft,
at the time of transfer, warrant to the drawee that pays or accepts the draft in good faith
that: (1) The warrantor is, or was, at the time the warrantor transferred the draft, a person
entitled to enforce the draft or authorized to obtain payment or acceptance of the draft on
behalf of a person entitled to enforce the draft; (2) The draft has not been altered; and
(3) The warrantor has no knowledge that the signature of the purported drawer of the draft
is unauthorized. (b) A drawee making payment may recover from a warrantor damages for breach
of warranty equal to the amount paid by the drawee less the amount the drawee received or
is entitled to receive from the drawer because of the payment. In addition,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-4-208.htm - 3K - Match Info - Similar pages
11-50-171
Section 11-50-171 Publication of notice of adoption of resolution authorizing transfer, certain
terms thereof, etc.; limitation period for action to restrain proposed transfer, etc. (a)
After the adoption of proceedings providing for the transfer and conveyance of any water system
or systems, the public corporation and municipality or municipalities proposing to make such
transfer and conveyance shall cause to be published once a week for two successive weeks in
a newspaper having general circulation within the limits of such municipality or municipalities
a notice in substantially the following form (the blanks being first properly filled in) with
the names of the public corporation and the municipality or municipalities appended thereto:
"A resolution has been adopted by the board of directors of the _____ (herein insert
the name of the public corporation proposing to make the transfer) and a resolution (or resolutions)
has (or have) been adopted by the governing body (or bodies) of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-171.htm - 4K - Match Info - Similar pages
11-47-233
Section 11-47-233 Notice respecting issuance of bonds; limitation of actions contesting validity
of bonds. Upon the adoption by the board of an authority of any resolution providing for the
issuance of bonds, the authority shall cause a notice respecting the issuance of the bonds
to be published once a week for two consecutive weeks in each county in which shall be located
any project financed or in any way assisted by the issuance of the bonds, the publication
in each county to be in a newspaper having general circulation therein. The notice shall be
in substantially the following form (the blanks being properly filled in) at the end of which
shall be printed the name and title of either the chair or secretary of the authority: "___,
a public corporation and instrumentality of the State of Alabama, on the _____ day of ___,
authorized the issuance of $ _____ principal amount of bonds (or notes, as the case may be)
of the public corporation for purposes authorized in the act...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-233.htm - 2K - Match Info - Similar pages
2-10-65
Section 2-10-65 Marketing contracts. The association and its members may make and execute marketing
contracts, requiring the members to sell, for any period of time not over 10 years, all or
any specified part of their agricultural products or specified commodities exclusively to
or through the association or any facilities to be created by the association. The contract
may provide that the association may sell or resell the products of its members, with or without
taking title thereto, and pay over to its members the resale price, after deducting all necessary
selling, overhead and other costs and expenses, including interest on preferred stock, not
exceeding eight percent per annum, and reserves for retiring the stock, if any, and other
proper reserves and interest not exceeding eight percent per annum upon common stock or other
items deemed proper. The bylaws and the marketing contract may fix, as liquidated damages,
specified sums to be paid by the member or stockholder to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-10-65.htm - 2K - Match Info - Similar pages
26-2A-140
Section 26-2A-140 Terms and requirements of bonds. (a) The following requirements and provisions
apply to any bond required under Section 26-2A-139. (1) Sureties are jointly and severally
liable with the conservator and with each other. (2) By executing an approved bond of a conservator,
the surety consents to the jurisdiction of the court that issued letters to the primary obligor
in any proceeding pertaining to the fiduciary duties of the conservator and naming the surety
as a party respondent. Notice of any proceeding must be delivered to the surety or mailed
by registered or certified mail to the address listed with the court at the place where the
bond is filed and to the address as then known to the petitioner. (3) On petition of a successor
conservator or any interested person, a proceeding may be initiated against a surety for breach
of the obligation of the bond of the conservator. (4) The bond of the conservator is not void
after the first recovery but may be proceeded...
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43-2-852
Section 43-2-852 Terms and requirements of bonds. (a) The following requirements and provisions
apply to any bond required under Section 43-2-850: (1) Sureties are jointly and severally
liable with the personal representative and with each other. (2) By executing an approved
bond of a personal representative, the surety consents to the jurisdiction of the court that
issued letters to the primary obligor in any proceeding pertaining to the fiduciary duties
of the personal representative and naming the surety as a party respondent. Notice of any
proceeding must be delivered to the surety or mailed by registered or certified mail to the
address listed with the court at the place where the bond is filed and to the address as then
known to the petitioner. (3) On petition of a successor personal representative or any interested
person, a proceeding may be initiated against a surety for breach of the obligation of the
bond of the personal representative. (4) The bond of the personal...
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6-5-220
Section 6-5-220 Definitions. As used in this article, the following words and phrases used
herein shall have the following meaning ascribed to them: (a) BUILDER. Any individual, partnership,
firm, or corporation that constructed, or performed or managed the construction of, an improvement,
or any portion thereof, on or to real estate, and at the time of the construction was licensed
as a general contractor in the State of Alabama. (b) ARCHITECT. Any individual who, at the
time the architectural services were performed, was legally qualified to practice architecture
and held an unexpired registration as an architect in the State of Alabama; any partnership,
corporation, professional corporation, or professional association which, at the time the
architectural services were performed, was legally qualified to practice architecture in the
State of Alabama; and all employees or agents of the registered architect or of his or her
entity or firm acting under the instruction, control, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-5-220.htm - 4K - Match Info - Similar pages
11-62-9
Section 11-62-9 Bonds and notes generally - Notice of resolution authorizing issuance of bonds
or notes; limitation period for actions, etc., as to validity of proceedings for issuance
of bonds. (a) Upon the adoption by the board of any authority of any resolution providing
for the issuance of bonds or notes, such authority may, in the discretion of its board, cause
a notice respecting the issuance of such bonds or notes to be published once a week for two
consecutive weeks in each county in which shall be located any facility financed or in any
way assisted by the issuance of such bonds or notes, such publication in each such county
to be in a newspaper having general circulation therein. Such notice shall be in substantially
the following form (the blanks being properly filled in) at the end of which shall be printed
the name and title of either the chairman or secretary of such authority: "_____ a public
corporation and instrumentality of the State of Alabama, on the _____ day...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-9.htm - 3K - Match Info - Similar pages
16-24B-3
Section 16-24B-3 Principals - Probationary and contract principals. (a) Any other provision
of law to the contrary notwithstanding, persons employed as principals in the public schools
in Alabama on or after July 1, 2000, may, at the election of the employing board and upon
the recommendation of the chief executive officer, be employed as probationary principals
for up to one full contract year; provided, however, that if such person is being employed
as a principal for the first time, such probationary period may be for up to two full contract
years. After completion of such probationary period, the same employing board, upon the recommendation
of the chief executive officer, shall either offer the probationary principal not less than
a three-year contract pursuant to this section or terminate the probationary principal for
any reason, or without a stated reason, as the case may be. In the case of a probationary
principal who is terminated prior to the end of the school year, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-24B-3.htm - 14K - Match Info - Similar pages
40-2A-11.1
Section 40-2A-11.1 Civil penalties for unethical tax preparation conduct. (a) For purposes
of the individual income tax imposed by Chapter 18, if there is an understatement of liability
on a return that would cause a tax return preparer to be subject to the penalties imposed
by 26 U.S.C. §6694, except §6694(c), §6700, or §6701, and if any of the failures enumerated
in 26 U.S.C. §6695, except §6695(e) and (g), occurs, the department may impose upon the
tax return preparer a penalty in accordance with 26 U.S.C. §§6694(a), (b), (d), (e), and
(f); §§6695(a), (b), (c), (d), and (f); §§6696(a) and (c), §6700, and §6701, as in effect
from time to time. (b) For purposes of this section: (1) "Subject to this title"
shall be substituted for references in the specified federal statutes to "imposed by
subtitle A." (2) "Commissioner" will be substituted for references in the specified
federal statutes to "secretary." (3) References in these federal statutes to federal
district courts...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-2A-11.1.htm - 7K - Match Info - Similar pages
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