7-8-307
Section 7-8-307 Purchaser's right to requisites for registration of transfer. Unless
otherwise agreed, the transferor of a security on due demand shall supply the purchaser with
proof of authority to transfer or with any other requisite necessary to obtain registration
of the transfer of the security, but if the transfer is not for value, a transferor need not
comply unless the purchaser pays the necessary expenses. If the transferor fails within a
reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.
(Acts 1996, No. 96-742, p. 1241, §1.)...
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7-8-316
Section 7-8-316 (Effective Until January 1, 1997) Purchaser's right to requisites for
registration of transfer on books. Unless otherwise agreed the transferor must on due demand
supply his purchaser with any proof of his authority to transfer or with any other requisite
which may be necessary to obtain registration of the transfer of the security but if the transfer
is not for value a transferor need not do so unless the purchaser furnishes the necessary
expenses. Failure to comply with a demand made within a reasonable time gives the purchaser
the right to reject or rescind the transfer. (Acts 1965, No. 549, p. 811.)...
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40-12-260
Section 40-12-260 Transfer of license plates; registration procedures; receipts; penalty.
(a) Effective January 1, 1998, license plates, except for license plates issued under the
provisions of Section 40-12-290, et seq., or any subsequent enactment which authorizes
special license plates based on vehicle age, shall not be transferable between motor vehicle
owners and the following registration procedures shall apply: (1) When a current and valid
Alabama motor vehicle license plate has been obtained for the current tax year for use on
a motor vehicle and the vehicle has been sold or otherwise transferred to a new owner, the
license plate shall be removed from the vehicle and retained by the original plate owner.
(2) In the event an owner purchases, trades, exchanges, or otherwise acquires another vehicle
of the same license registration classification, the licensing official shall authorize the
transfer of the current and valid Alabama license plate previously obtained by the owner to...

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8-32-3
Section 8-32-3 Requirements for selling or offering to sell service contracts. (a) Either
the provider or its designee shall: (1) Provide a receipt for, or other written evidence of,
the purchase of the service contract to the contract holder. (2) Provide a copy of the service
contract to the service contract holder within a reasonable period of time from the date of
purchase. (b) A provider may, but is not required to, appoint an administrator or other designee
to be responsible for any or all of the administration of service contracts and compliance
with this chapter. (c) Each provider of service contracts sold in this state shall file a
registration with the commissioner on a form prescribed by the commissioner. Each provider
shall pay to the commissioner a fee in the amount of two hundred dollars ($200) annually.
All fees collected shall be paid into a special revolving fund to be set up by the State Treasurer
referred to as the "Service Contract Revolving Fund." The Service...
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7-8-108
Section 7-8-108 Warranties in direct holding. (a) A person who transfers a certificated
security to a purchaser for value warrants to the purchaser, and an indorser, if the transfer
is by indorsement, warrants to any subsequent purchaser, that: (1) the certificate is genuine
and has not been materially altered; (2) the transferor or indorser does not know of any fact
that might impair the validity of the security; (3) there is no adverse claim to the security;
(4) the transfer does not violate any restriction on transfer; (5) if the transfer is by indorsement,
the indorsement is made by an appropriate person, or if the indorsement is by an agent, the
agent has actual authority to act on behalf of the appropriate person; and (6) the transfer
is otherwise effective and rightful. (b) A person who originates an instruction for registration
of transfer of an uncertificated security to a purchaser for value warrants to the purchaser
that: (1) the instruction is made by an appropriate person,...
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7-8-404
Section 7-8-404 Wrongful registration. (a) Except as otherwise provided in Section
7-8-406, an issuer is liable for wrongful registration of transfer if the issuer has registered
a transfer of a security to a person not entitled to it, and the transfer was registered:
(1) pursuant to an ineffective indorsement or instruction; (2) after a demand that the issuer
not register transfer became effective under Section 7-8-403(a) and the issuer did
not comply with Section 7-8-403(b); (3) after the issuer had been served with an injunction,
restraining order, or other legal process enjoining it from registering the transfer, issued
by a court of competent jurisdiction, and the issuer had a reasonable opportunity to act on
the injunction, restraining order, or other legal process; or (4) by an issuer acting in collusion
with the wrongdoer. (b) An issuer that is liable for wrongful registration of transfer under
subsection (a) on demand shall provide the person entitled to the security with a...
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7-8-304
Section 7-8-304 Indorsement. (a) An indorsement may be in blank or special. An indorsement
in blank includes an indorsement to bearer. A special indorsement specifies to whom a security
is to be transferred or who has power to transfer it. A holder may convert a blank indorsement
to a special indorsement. (b) An indorsement purporting to be only of part of a security certificate
representing units intended by the issuer to be separately transferable is effective to the
extent of the indorsement. (c) An indorsement, whether special or in blank, does not constitute
a transfer until delivery of the certificate on which it appears or, if the indorsement is
on a separate document, until delivery of both the document and the certificate. (d) If a
security certificate in registered form has been delivered to a purchaser without a necessary
indorsement, the purchaser may become a protected purchaser only when the indorsement is supplied.
However, against a transferor, a transfer is complete...
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7-8-401
Section 7-8-401 Duty of issuer to register transfer. (a) If a certificated security
in registered form is presented to an issuer with a request to register transfer or an instruction
is presented to an issuer with a request to register transfer of an uncertificated security,
the issuer shall register the transfer as requested if: (1) under the terms of the security
the person seeking registration of transfer is eligible to have the security registered in
its name; (2) the indorsement or instruction is made by the appropriate person or by an agent
who has actual authority to act on behalf of the appropriate person; (3) reasonable assurance
is given that the indorsement or instruction is genuine and authorized (Section 7-8-402);
(4) any applicable law relating to the collection of taxes has been complied with; (5) the
transfer does not violate any restriction on transfer imposed by the issuer in accordance
with Section 7-8-204; (6) a demand that the issuer not register transfer has not...

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34-27-57
Section 34-27-57 Acts constituting violation of article - Sell, etc., interest in plan
to third person that substantially affects rights of other owners. (a) It shall be a violation
of this article for any seller of vacation time-sharing plans to sell, lease, assign, or otherwise
transfer the seller's interest in the vacation time-sharing plan or the accommodations or
facilities to a third party when such a sale, lease, assignment, or other transfer substantially
affects the rights of other owners or lessees of the time-share units, unless: (1) The third
party agrees in writing to: a. Fully honor the rights of purchasers of the vacation time-sharing
plan to occupy and use the accommodations or facilities; and b. Fully honor rights of purchasers
of the vacation time-sharing plan to cancel their contracts and receive an appropriate refund
as provided in this article; and c. Comply with the provisions of this article for as long
as the third party continues to sell the vacation...
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27-31B-3
Section 27-31B-3 Licensing. (a) Any captive insurance company, when permitted by its
articles of association, charter, or other organizational document, may apply to the commissioner
for a license to do any and all insurance defined in Sections 27-5-2, 27-5-4, and 27-5-5,
in subdivisions (1), (2), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), and (14) of
subsection (a) of Section 27-5-6, in Sections 27-5-7, 27-5-8, 27-5-9, and 27-5-10,
and to grant annuity contracts as defined in Section 27-5-3, subject, however, to all
of the following: (1) No pure captive insurance company may insure any risks other than those
of its parent and affiliated companies or controlled unaffiliated business. (2) No association
captive insurance company may insure any risks other than those of the member organizations
of its association, and their affiliated companies. (3) No industrial insured captive insurance
company may insure any risks other than those of the industrial insureds that comprise...

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