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10A-20-9.05
Section 10A-20-9.05 Recognition of associations of lessees, etc.; arbitration of certain
disputes arising under real estate leases. (a) Any corporation organized under this article
for the purpose of demonstrating the single tax principal shall, as soon as practicable after
August 25, 1976, amend its corporate charter to provide that it will recognize an association
of its lessees and will deal with representatives of the association on any and all matters
relating to leased corporate lands in any manner. (b) Any corporation organized under this
article for the purpose of demonstrating the single tax principal shall, as soon as practicable
after August 25, 1976, amend its corporate charter to provide that any lease agreement covering
real estate shall provide that the lessee may give written notice to the lessor that the lessee
objects to the amount of the rent claimed or requested by the lessor. Upon receipt of the
written notice, the lessor and the lessee, or any association of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-9.05.htm - 3K - Match Info - Similar pages
13A-8-142
Section 13A-8-142 Written demand for return of leased property; form of notice. For
the purposes of Section 13A-8-141 of this article: (1) A written demand for the return
of leased property may be made by personally delivering a copy thereof to the lessee; such
demand may also be delivered to a lessee by certified United States mail, directed to lessee
at his address shown on the rental contract, and the return receipt shall be deemed sufficient
evidence that the demand was received by the lessee, on the date shown on the receipt. (2)
The form of notice to be given under subdivision (1) of Section 13A-8-141 shall be
sufficient if substantially as follows: "This statutory notice is provided pursuant to
Section _____ of the Code of Alabama. You are hereby notified that the name or address
given by you, as lessee, and appearing on the rental contract dated _____, wherein _____ is
the lessor, was fictitious or false. Pursuant to Alabama law you have seven (7) days from
receipt of this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/13A-8-142.htm - 3K - Match Info - Similar pages
5-8A-35
Section 5-8A-35 Assumption or rejection of executory contracts by receiver. The receiver
shall assume or reject an executory contract, including an unexpired lease of real or personal
property, within 60 days after appointment, but the receivership court may for cause shown
extend or reduce the time. Any such contract or lease not assumed or rejected within that
time shall be deemed to be rejected. The receiver shall file within 60 days of his appointment,
a statement under oath showing which, if any, of the contracts of the bank are executory in
whole or in part, including unexpired leases of real or personal property, and which, if any,
have been rejected by the receiver. Unless a lease of real or personal property expressly
otherwise provides, a rejection of the lease or of any covenant therein by the receiver of
the lessor does not deprive the lessee of his estate. A general covenant or condition in a
lease that it shall not be assigned shall not be construed to prevent the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-8A-35.htm - 1K - Match Info - Similar pages
7-2A-513
Section 7-2A-513 Cure by lessor of improper tender or delivery; replacement. (1) If
any tender or delivery by the lessor or the supplier is rejected because it is nonconforming
and the time for performance has not yet expired, the lessor or the supplier may seasonably
notify the lessee of the lessor's or the supplier's intention to cure and may then make a
conforming delivery within the time provided in the lease contract. (2) If the lessee rejects
a nonconforming tender that the lessor or the supplier had reasonable grounds to believe would
be acceptable with or without money allowance, the lessor or the supplier may have a further
reasonable time to substitute a conforming tender if he or she seasonably notifies the lessee.
(Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §513.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-2A-513.htm - 1K - Match Info - Similar pages
7-2A-517
Section 7-2A-517 Revocation of acceptance of goods. (1) A lessee may revoke acceptance
of a lot or commercial unit whose nonconformity substantially impairs its value to the lessee
if the lessee has accepted it: (a) Except in the case of a finance lease, on the reasonable
assumption that its nonconformity would be cured and it has not been seasonably cured; or
(b) Without discovery of the nonconformity if the lessee's acceptance was reasonably induced
either by the lessor's assurances or, except in the case of a finance lease, by the difficulty
of discovery before acceptance. (2) Except in the case of a finance lease that is not a consumer
lease, a lessee may revoke acceptance of a lot or commercial unit if the lessor defaults under
the lease contract and the default substantially impairs the value of that lot or commercial
unit to the lessee. (3) If the lease agreement so provides, the lessee may revoke acceptance
of a lot or commercial unit because of other defaults by the lessor....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-2A-517.htm - 1K - Match Info - Similar pages
37-9-23
Section 37-9-23 Certificates for common carriers and permits for contract carriers -
Transfer or lease. Any certificate or permit may be transferred or leased subject to the approval
of the commission and under such rules and regulations as may be prescribed by the commission.
Except where a transfer of a certificate or a permit results from the operation of law, approval
of such transfer or lease shall be given only upon a finding by the commission, after notice
and opportunity for a hearing, that such transfer or lease will be consistent with the public
interest. The application for approval shall be made jointly by the transferor and the transferee
or lessor and lessee. No value shall be allowed for any purpose for any certificate or permit
issued under this chapter. (Acts 1945, No. 269, p. 414, §13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-9-23.htm - 1K - Match Info - Similar pages
7-2A-306
Section 7-2A-306 Priority of certain liens arising by operation of law. If a person
in the ordinary course of his or her business furnishes services or materials with respect
to goods subject to a lease contract, a lien upon those goods in the possession of that person
given by statute or rule of law for those materials or services takes priority over any interest
of the lessor or lessee under the lease contract or this article unless the lien is created
by statute and the statute provides otherwise or unless the lien is created by rule of law
and the rule of law provides otherwise. (Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §306.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-2A-306.htm - 950 bytes - Match Info - Similar pages
7-9A-321
Section 7-9A-321 Licensee of general intangible and lessee of goods in ordinary course
of business. (a) "Licensee in ordinary course of business." In this section,
"licensee in ordinary course of business" means a person that becomes a licensee
of a general intangible in good faith, without knowledge that the license violates the rights
of another person in the general intangible, and in the ordinary course from a person in the
business of licensing general intangibles of that kind. A person becomes a licensee in the
ordinary course if the license to the person comports with the usual or customary practices
in the kind of business in which the licensor is engaged or with the licensor's own usual
or customary practices. (b) Rights of licensee in ordinary course of business. A licensee
in ordinary course of business takes its rights under a nonexclusive license free of a security
interest in the general intangible created by the licensor, even if the security interest
is perfected and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-321.htm - 1K - Match Info - Similar pages
27-41-30
Section 27-41-30 Particular investments - Loans, notes, etc., secured by mortgages and
leases on real property. An insurer may invest in loans, notes, bonds, or other evidences
of indebtedness of any person up to the fair value of real property securing said indebtedness,
upon compliance with the following conditions and provisions: (1) The indebtedness must be
secured by a first mortgage lien on real property having a fair value of not less than the
principal amount of the loan, except as provided in subdivision (8) of this section;
(2) The indebtedness must be additionally secured by a lease on said real property, which
lease must be assigned and transferred by the lessor to the lender or to a trustee of the
lender under a trust instrument; (3) The lease so assigned as additional security must be
noncancellable and may be terminated only upon such conditions as are generally provided in
commercial leases, such as, for example, destruction by fire, tornado, or similar hazard or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-41-30.htm - 4K - Match Info - Similar pages
22-21-330
Section 22-21-330 Lease agreements with authorizing subdivision; terms; renewal options;
special pledge as security for payment of rental, etc.; use of vacant space. (a) Each authority
and any authorizing subdivision are hereby respectively authorized to enter into one or more
lease agreements with each other whereunder any health care facilities situated within (or
within 10 miles of) such authorizing subdivision or any part thereof shall be leased by the
authority to such authorizing subdivision, but if and only if such authorizing subdivision
is then permitted by law to operate such health care facilities, to issue its bonds, warrants,
notes or other securities therefor and to pledge for the benefit of any such securities its
full faith and credit. No such lease agreement shall be for a term longer than the then current
fiscal year in which it is made. Any such lease agreement may, however, contain a grant to
such authorizing subdivision of successive options to renew such lease...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-330.htm - 6K - Match Info - Similar pages
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