22-32-1
Section 22-32-1 Enactment of Southeast Interstate Low-Level Radioactive Waste Management Compact.
The Southeast Interstate Low-Level Radioactive Waste Management Compact is hereby enacted
into law and entered into by the State of Alabama with any and all states legally joining
therein in accordance with its terms, in the form substantially as follows: SOUTHEAST INTERSTATE
LOW-LEVEL RADIOACTIVE WASTE MANAGEMENT COMPACT Article I. Policy and Purpose There is hereby
created the Southeast Interstate Low-Level Radioactive Waste Management Compact. The party
states recognize and declare that each state is responsible for providing for the availability
of capacity either within or outside the state for the disposal of low-level radioactive waste
generated within its borders, except for waste generated as a result of defense activities
of the federal government or federal research and development activities. They also recognize
that the management of low-level radioactive waste is handled most...
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40-23-4
Section 40-23-4 Exemptions. (a) There are exempted from the provisions of this division and
from the computation of the amount of the tax levied, assessed, or payable under this division
the following: (1) The gross proceeds of the sales of lubricating oil and gasoline as defined
in Sections 40-17-30 and 40-17-170 and the gross proceeds from those sales of lubricating
oil destined for out-of-state use which are transacted in a manner whereby an out-of-state
purchaser takes delivery of such oil at a distributor's plant within this state and transports
it out-of-state, which are otherwise taxed. (2) The gross proceeds of the sale, or sales,
of fertilizer when used for agricultural purposes. The word "fertilizer" shall not
be construed to include cottonseed meal, when not in combination with other materials. (3)
The gross proceeds of the sale, or sales, of seeds for planting purposes and baby chicks and
poults. Nothing herein shall be construed to exempt or exclude from the computation of...

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19-1-4
Section 19-1-4 Transfer of negotiable instrument by fiduciary. If any negotiable instrument
payable or indorsed to a fiduciary as such is indorsed by the fiduciary, or if any negotiable
instrument payable or indorsed to his principal is indorsed by a fiduciary, or if any negotiable
instrument payable or indorsed to his principal is indorsed by a fiduciary empowered to indorse
such instrument on behalf of his principal, the indorsee is not bound to inquire whether the
fiduciary is committing a breach of his obligation as fiduciary in indorsing or delivering
the instrument, and is not chargeable with notice that the fiduciary is committing a breach
of his obligation as fiduciary unless he takes the instrument with actual knowledge of such
breach or with knowledge of such facts that his action in taking the instrument amounts to
bad faith. If, however, such instrument is transferred by the fiduciary in payment of or as
security for a personal debt of the fiduciary to the actual knowledge...
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7-3-409
Section 7-3-409 Acceptance of draft; certified check. (a) "Acceptance" means the
drawee's signed agreement to pay a draft as presented. It must be written on the draft and
may consist of the drawee's signature alone. Acceptance may be made at any time and becomes
effective when notification pursuant to instructions is given or the accepted draft is delivered
for the purpose of giving rights on the acceptance to any person. (b) A draft may be accepted
although it has not been signed by the drawer, is otherwise incomplete, is overdue, or has
been dishonored. (c) If a draft is payable at a fixed period after sight and the acceptor
fails to date the acceptance, the holder may complete the acceptance by supplying a date in
good faith. (d) "Certified check" means a check accepted by the bank on which it
is drawn. Acceptance may be made as stated in subsection (a) or by a writing on the check
which indicates that the check is certified. The drawee of a check has no obligation to certify
the...
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7-4A-103
Section 7-4A-103 Payment order - Definitions. (a) In this article: (1) "Payment order"
means an instruction of a sender to a receiving bank, transmitted orally, electronically,
or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of
money to a beneficiary if: (i) the instruction does not state a condition to payment to the
beneficiary other than time of payment, (ii) the receiving bank is to be reimbursed by debiting
an account of, or otherwise receiving payment from, the sender, and (iii) the instruction
is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer
system, or communication system for transmittal to the receiving bank. (2) "Beneficiary"
means the person to be paid by the beneficiary's bank. (3) "Beneficiary's bank"
means the bank identified in a payment order in which an account of the beneficiary is to
be credited pursuant to the order or which otherwise is to make payment to the beneficiary
if the order...
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7-3-107
Section 7-3-107 Instrument payable in foreign money. Unless the instrument otherwise provides,
an instrument that states the amount payable in foreign money may be paid in the foreign money
or in an equivalent amount in dollars calculated by using the current bank-offered spot rate
at the place of payment for the purchase of dollars on the day on which the instrument is
paid. (Acts 1965, No. 549, p. 811; repealed by Acts 1995, No. 95-668, p. 1381, §1; added
by Acts 1995, No. 95-668, p. 1381, §1.)...
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7-4A-401
Section 7-4A-401 Payment date. "Payment date" of a payment order means the day on
which the amount of the order is payable to the beneficiary by the beneficiary's bank. The
payment date may be determined by instruction of the sender but cannot be earlier than the
day the order is received by the beneficiary's bank and, unless otherwise determined, is the
day the order is received by the beneficiary's bank. (Acts 1992, 2nd Ex. Sess., No. 92-701,
p. 145, §1.)...
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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...
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7-3-110
Section 7-3-110 Identification of person to whom instrument is payable. (a) The person to whom
an instrument is initially payable is determined by the intent of the person, whether or not
authorized, signing as, or in the name or behalf of, the issuer of the instrument. The instrument
is payable to the person intended by the signer even if that person is identified in the instrument
by a name or other identification that is not that of the intended person. If more than one
person signs in the name or behalf of the issuer of an instrument and all the signers do not
intend the same person as payee, the instrument is payable to any person intended by one or
more of the signers. (b) If the signature of the issuer of an instrument is made by automated
means, such as a check-writing machine, the payee of the instrument is determined by the intent
of the person who supplied the name or identification of the payee, whether or not authorized
to do so. (c) A person to whom an instrument is...
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7-3-304
Section 7-3-304 Overdue instrument. (a) An instrument payable on demand becomes overdue at
the earliest of the following times: (1) On the day after the day demand for payment is duly
made; (2) If the instrument is a check, 90 days after its date; or (3) If the instrument is
not a check, when the instrument has been outstanding for a period of time after its date
which is unreasonably long under the circumstances of the particular case in light of the
nature of the instrument and usage of the trade. (b) With respect to an instrument payable
at a definite time the following rules apply: (1) If the principal is payable in installments
and a due date has not been accelerated, the instrument becomes overdue upon default under
the instrument for nonpayment of an installment, and the instrument remains overdue until
the default is cured. (2) If the principal is not payable in installments and the due date
has not been accelerated, the instrument becomes overdue on the day after the due date....

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