Code of Alabama

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7-5-118
Section 7-5-118 Security interest of issuer or nominated person. (a) An issuer or nominated
person has a security interest in a document presented under a letter of credit to the extent
that the issuer or nominated person honors or gives value for the presentation. (b) So long
as and to the extent that an issuer or nominated person has not been reimbursed or has not
otherwise recovered the value given with respect to a security interest in a document under
subsection (a), the security interest continues and is subject to Article 9A, but: (1) a security
agreement is not necessary to make the security interest enforceable under Section 7-9A-203(b)(3);
(2) if the document is presented in a medium other than a written or other tangible medium,
the security interest is perfected; and (3) if the document is presented in a written or other
tangible medium and is not a certificated security, chattel paper, a document of title, an
instrument, or a letter of credit, the security interest is...
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7-5-116
Section 7-5-116 Choice of law and forum. (a) The liability of an issuer, nominated person,
or adviser for action or omission is governed by the law of the jurisdiction chosen by an
agreement in the form of a record signed or otherwise authenticated by the affected parties
in the manner provided in Section 7-5-104 or by a provision in the person's letter of credit,
confirmation, or other undertaking. The jurisdiction whose law is chosen need not bear any
relation to the transaction. (b) Unless subsection (a) applies, the liability of an issuer,
nominated person, or adviser for action or omission is governed by the law of the jurisdiction
in which the person is located. The person is considered to be located at the address indicated
in the person's undertaking. If more than one address is indicated, the person is considered
to be located at the address from which the person's undertaking was issued. For the purpose
of jurisdiction, choice of law, and recognition of interbranch letters of...
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40-17-329
Section 40-17-329 Exemptions. (a) Unless otherwise provided for in this subsection, sales of
motor fuel to the following are exempt from the tax levied by subsection (a) of Section 40-17-325
and shall not be paid at the rack: (1) All motor fuel exported from this state for which proof
of export is available in the form of a terminal issued destination state shipping document
that is a. exported by a supplier who is licensed in the destination state or b. is sold by
a supplier to a licensed exporter for immediate export to a state for which the applicable
destination state motor fuel excise tax has been collected by the supplier who is licensed
to remit the tax to the destination state. If the motor fuel is exempt from the excise tax
due to the product being exported from this state, then the motor fuel exported from this
state shall also be exempt from the inspection fee imposed under Section 8-17-87. This exemption
shall not apply to any motor fuel which is transported and delivered...
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7-5-109
Section 7-5-109 Fraud and forgery. (a) If a presentation is made that appears on its face strictly
to comply with the terms and conditions of the letter of credit, but a required document is
forged or materially fraudulent, or honor of the presentation would facilitate a material
fraud by the beneficiary on the issuer or applicant: (1) the issuer shall honor the presentation,
if honor is demanded by (i) a nominated person who has given value in good faith and without
notice of forgery or material fraud, (ii) a confirmer who has honored its confirmation in
good faith, (iii) a holder in due course of a draft drawn under the letter of credit which
was taken after acceptance by the issuer or nominated person, or (iv) an assignee of the issuer's
or nominated person's deferred obligation that was taken for value and without notice of forgery
or material fraud after the obligation was incurred by the issuer or nominated person; and
(2) the issuer, acting in good faith, may honor or dishonor...
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8-1A-3
Section 8-1A-3 Scope. (a) Except as otherwise provided in subsection (b), this chapter applies
to electronic records and electronic signatures relating to a transaction. (b) This chapter
does not apply to a transaction to the extent it is governed by any of the following: (1)
A law governing the creation and execution of wills, codicils, or testamentary trusts. (2)
Title 7, the Uniform Commercial Code, other than Sections 7-1-107 and 7-1-206, Article 2,
and Article 2A. (3) A statute, regulation, or other rule of law governing adoption, divorce,
or other matters of family law. (c) This chapter does not apply to any of the following: (1)
Court orders or notices, or official court documents, including briefs, pleadings, and other
writings, required to be executed in connection with court proceedings. (2) Any notice of
any of the following: a. The cancellation or termination of utility services, including water,
heat, and power. b. Default, acceleration, repossession, foreclosure, or...
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7-5-110
Section 7-5-110 Warranties. (a) If its presentation is honored, the beneficiary warrants: (1)
to the issuer, any other person to whom presentation is made, and the applicant that there
is no fraud or forgery of the kind described in Section 7-5-109(a); and (2) to the applicant
that the drawing does not violate any agreement between the applicant and beneficiary or any
other agreement intended by them to be augmented by the letter of credit. (b) The warranties
in subsection (a) are in addition to warranties arising under Article 3, 4, 7, and 8 because
of the presentation or transfer of documents covered by any of those articles. (Acts 1997,
No. 97-702, p. 1427, ยง1.)...
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7-9A-310
Section 7-9A-310 When filing required to perfect security interest or agricultural lien; security
interests and agricultural liens to which filing provisions do not apply. (a) General rule:
Perfection by filing. Except as otherwise provided in subsection (b) and Section 7-9A-312(b),
a financing statement must be filed to perfect all security interests and agricultural liens.
(b) Exceptions: Filing not necessary. The filing of a financing statement is not necessary
to perfect a security interest: (1) that is perfected under Section 7-9A-308(d), (e), (f),
or (g); (2) that is perfected under Section 7-9A-309 when it attaches; (3) in property subject
to a statute, regulation, or treaty described in Section 7-9A-311(a); (4) in goods in possession
of a bailee which is perfected under Section 7-9A-312(d)(1) or (2); (5) in certificated securities,
documents, goods, or instruments which is perfected without filing, control, or possession
under Section 7-9A-312(e), (f), or (g); (6) in collateral...
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45-35-160.01
Section 45-35-160.01 Payments by credit card. (a)(1) The use of credit cards for any payments
made to a Houston County department, agency, board, or commission may be authorized upon approval
by the Houston County Commission as provided in subsection (b), and if authorized, shall be
accepted pursuant to rules and regulations promulgated by the Houston County Commission. The
rules and regulations shall include specific procedures for the acceptance of credit card
payments, including, but not limited to, provision for the payment of any discount or administrative
fee charged by the credit card issuer. The Houston County Commission may impose the assessment
of a surcharge or convenience fee from the person paying by credit card in an amount not greater
than the transaction fee charged by the credit card issuer. (2) Except as otherwise provided,
this section shall be construed to allow acceptance of credit card payments of any types of
amounts payable to Houston County as authorized by the...
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7-5-117
Section 7-5-117 Subrogation of issuer, applicant, and nominated person. (a) An issuer that
honors a beneficiary's presentation is subrogated to the rights of the beneficiary to the
same extent as if the issuer were a secondary obligor of the underlying obligation owed to
the beneficiary and of the applicant to the same extent as if the issuer were the secondary
obligor of the underlying obligation owed to the applicant. (b) An applicant that reimburses
an issuer is subrogated to the rights of the issuer against any beneficiary, presenter, or
nominated person to the same extent as if the applicant were the secondary obligor of the
obligations owed to the issuer and has the rights of subrogation of the issuer to the rights
of the beneficiary stated in subsection (a). (c) A nominated person who pays or gives value
against a draft or demand presented under a letter of credit is subrogated to the rights of:
(1) the issuer against the applicant to the same extent as if the nominated person...
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30-3B-305
Section 30-3B-305 Registration of child custody determination. (a) A child custody determination
issued by a court of another state may be registered in this state, with or without a simultaneous
request for enforcement, by sending to the appropriate court in this state: (1) A letter or
other document requesting registration; (2) Two copies, including one certified copy, of the
determination sought to be registered, and a statement under penalty of perjury that to the
best of the knowledge and belief of the person seeking registration the order has not been
modified; and (3) Except as otherwise provided in Section 30-3B-209, the name and address
of the person seeking registration and any parent or person acting as a parent who has been
awarded custody or visitation in the child custody determination sought to be registered.
(b) On receipt of the documents required by subsection (a), the registering court shall: (1)
Cause the determination to be filed as a foreign judgment, together...
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