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7-8-206
Section 7-8-206 Completion or alteration of security certificate. (a) If a security certificate
contains the signatures necessary to its issue or transfer but is incomplete in any other
respect: (1) any person may complete it by filling in the blanks as authorized; and (2) even
if the blanks are incorrectly filled in, the security certificate as completed is enforceable
by a purchaser who took it for value and without notice of the incorrectness. (b) A complete
security certificate that has been improperly altered, even if fraudulently, remains enforceable,
but only according to its original terms. (Acts 1965, No. 549, p. 811; repealed by Acts 1996,
No. 96-742, p. 1241, §1; added by Acts 1996, No. 96-742, p. 1241, §1.)...
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8-6-74
Section 8-6-74 (Repealed effective January 1, 1997) Inquiry into fiduciary relationship not
required; presumption that registered owner continues to be fiduciary. A corporation or transfer
agent registering a security in the name of a person who is a fiduciary, or who is described
as a fiduciary, is not bound to inquire into the existence, extent, or correct description
of the fiduciary relationship, and thereafter, the corporation and its transfer agent may
assume without inquiry that the newly registered owner continues to be the fiduciary until
the corporation or transfer agent receives written notice that the fiduciary is no longer
acting as such with respect to the particular security. (Acts 1961, No. 1016, p. 1593, §2.)...
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8-6-93
Section 8-6-93 Minor may not disaffirm security transaction unless prior written notice of
minority given. A minor who has transferred a security, received or empowered others to receive
dividends, interest, principal, or other payments or distributions, voted or given consent
in person or by proxy or made an election or exercised rights relating to the security has
no right thereafter, as against a bank, broker, issuer, third-party or transfer agent, to
disaffirm or avoid the transaction unless, prior to acting in the transaction, the bank, broker,
issuer, third-party or transfer agent against whom the transaction is sought to be disaffirmed
or avoided had received written notice in the office acting in the transaction that the specific
security is held by a minor. (Acts 1961, No. 1010, p. 1585, §3.)...
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20-2-255
Section 20-2-255 Hearings; restriction, suspension, revocation of certificate. (a) Any hearing
regarding the issuance, restriction, limitation, suspension, or revocation of a Qualified
Alabama Controlled Substances Registration Certificate (QACSC) held by a certified registered
nurse practitioner or a certified nurse midwife for any violations of this article shall be
before the Board of Medical Examiners. (b) The board shall have the authority to restrict,
suspend, or revoke a QACSC, whenever a CRNP or a CNM is found guilty on the basis of substantial
evidence of any of the acts or offenses enumerated in Section 20-2-254. The board shall also
have the authority to reinstate or to deny reinstatement of a QACSC. (c) The board may limit
revocation or suspension of a QACSC to the particular controlled substance with respect to
which grounds for revocation or suspension exist. (d) The board shall promptly notify the
Drug Enforcement Administration of the United States Department of Justice...
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8-6-143
Section 8-6-143 Registration - Designation of a beneficiary. A security, whether evidenced
by certificate or account, is registered in beneficiary form when the registration includes
a designation of a beneficiary to take the ownership at the death of the owner or the deaths
of all multiple owners. (Acts 1997, No. 97-703, p. 1451, §4.)...
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10A-30-2.12
Section 10A-30-2.12 Shareholders' option to dissolve corporation; applicable to corporations
formed as close corporations or electing close corporation status prior to January 1, 1995.
(a) The certificate of formation of any close corporation may include a provision granting
to any shareholder, or to the holders of any specified number or percentage of shares of any
class of shares, an option to have the corporation dissolved at will or upon the occurrence
of any specified event or contingency. Whenever any such option to dissolve is exercised,
the shareholders exercising the option shall give written notice thereof to all other shareholders.
After the expiration of 30 days following the sending of the notice, the dissolution of the
corporation shall proceed as if the required number of shareholders having voting power had
consented in writing to dissolution of the corporation as provided by the Alabama Business
Corporation Law. (b) If the certificate of formation as originally filed...
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32-8-44
Section 32-8-44 Transfer of ownership - Generally. (a) If an owner transfers his interest in
a vehicle, other than by the creation of a security interest, he shall, at the time of the
delivery of the vehicle, execute an assignment and warranty of title to the transferee in
the space provided therefor on the certificate or as the department prescribes, and cause
the certificate and assignment to be mailed or delivered to the transferee or to the department.
(b) Except as provided in this section, the transferee shall, promptly after delivery to him
of the vehicle, execute the application for a new certificate of title in the space provided
therefor on the certificate or as the department prescribes, and cause the certificate and
application to be mailed or delivered to a designated agent. (c) Upon request of the owner
or transferee, a lienholder in possession of the certificate of title shall, unless the transfer
was a breach of his security agreement, deliver the certificate to the...
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7-8-312
Section 7-8-312 (Effective Until January 1, 1997) Effect of guaranteeing signature or indorsement.
(1) Any person guaranteeing a signature of an indorser of a security warrants that at the
time of signing: (a) The signature was genuine; and (b) The signer was an appropriate person
to indorse (Section 7-8-308); and (c) The signer had legal capacity to sign. But the guarantor
does not otherwise warrant the rightfulness of the particular transfer. (2) Any person may
guarantee an indorsement of a security and by so doing warrants not only the signature (subsection
(1)) but also the rightfulness of the particular transfer in all respects. But no issuer may
require a guarantee of indorsement as a condition to registration of transfer. (3) The foregoing
warranties are made to any person taking or dealing with the security in reliance on the guarantee
and the guarantor is liable to such person for any loss resulting from breach of the warranties.
(Acts 1965, No. 549, p. 811.)...
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8-6-71
Section 8-6-71 (Repealed effective January 1, 1997) Definitions. For the purposes of this article,
unless the context otherwise requires, the following terms shall have the meanings respectively
ascribed to them by this section: Assignment. Such term includes any written stock power,
bond power, bill of sale, deed, declaration of trust, or other instrument of transfer. Claim
of beneficial interest. Such term includes a claim of any interest by a decedent's legatee,
distributee, heir or creditor, a beneficiary under a trust, a ward, a beneficial owner of
a security registered in the name of a nominee or a minor owner of a security registered in
the name of a custodian, or a claim of any similar interest whether the claim is asserted
by the claimant, a fiduciary, or by any other authorized person on his behalf and includes
a claim that the transfer would be in breach of fiduciary duties. Corporation. A private or
public corporation, association, or trust issuing a security. Fiduciary. An...
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8-6-7
Section 8-6-7 Registration of securities - Registration by qualification. (a) Any security
may be registered by qualification. (b) A registration statement under this section shall
contain the following information and be accompanied by the following documents in addition
to payment of the registration fee prescribed in Section 8-6-8 and, if required under Section
8-6-12, a consent to service of process meeting the requirements of that section: (1) With
respect to the issuer and any significant subsidiary, its name, address and form of organizations,
the state or foreign jurisdiction and date of its organization, the general character and
location of its business and a description of its physical properties and equipment; (2) With
respect to every director and officer of the issuer or person occupying a similar status or
performing similar functions, his name, address, and principal occupation for the past five
years, the amount of securities of the issuer held by him as of the date of...
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