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7-8-109
Section 7-8-109 Warranties in indirect holding. (a) A person who originates an entitlement
order to a securities intermediary warrants to the securities intermediary that: (1) the entitlement
order is made by an appropriate person, or if the entitlement order is by an agent, the agent
has actual authority to act on behalf of the appropriate person; and (2) there is no adverse
claim to the security entitlement. (b) A person who delivers a security certificate to a securities
intermediary for credit to a securities account or originates an instruction with respect
to an uncertificated security directing that the uncertificated security be credited to a
securities account makes to the securities intermediary the warranties specified in Section
7-8-108(a) or (b). (c) If a securities intermediary delivers a security certificate to its
entitlement holder or causes its entitlement holder to be registered as the owner of an uncertificated
security, the securities intermediary makes to the...
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8-6-140
Section 8-6-140 Definitions. For the purposes of this article, the following words have the
following meanings unless the context otherwise requires: (1) BENEFICIARY FORM. A registration
of a security which indicates the present owner of the security and the intention of the owner
regarding the person who will become the owner of the security upon the death of the owner.
(2) DEVISEE. Any person designated in a will to receive a disposition of real or personal
property. (3) HEIRS. Those persons, including the surviving spouse, who are entitled under
the statutes of intestate succession to the property of a decedent. (4) PERSON. An individual,
a corporation, an organization, or other legal entity. (5) PERSONAL REPRESENTATIVE. Includes
executor, administrator, successor personal representative, special administrator, and persons
who perform substantially the same function under the law governing their status. (6) PROPERTY.
Includes both real and personal property or any interest therein...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-6-140.htm - 4K - Match Info - Similar pages
32-8-36
Section 32-8-36 Application for certificate with bond or cash. If the department is not satisfied
as to the ownership of the vehicle or that there are no undisclosed security interests in
it, the department may accept the application but shall either: (1) Withhold issuance of a
certificate of title until the applicant presents documents reasonably sufficient to satisfy
the department as to the applicant's ownership of the vehicle and that there are no undisclosed
security interests on it; or (2) As a condition of issuing a certificate of title, require
the applicant to file with the department a bond in the form prescribed by the department
and executed by the applicant, and executed by a person authorized to conduct a surety business
in this state. The bond shall be in an amount prescribed by the department and conditioned
to indemnify any prior owner and lienholder and any subsequent purchaser of the vehicle or
person acquiring any security interest in it, and their respective...
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7-9A-314
Section 7-9A-314 Perfection by control. (a) Perfection by control. A security interest in investment
property, deposit accounts, letter-of-credit rights, electronic chattel paper, or electronic
documents may be perfected by control of the collateral under Section 7-7-106, 7-9A-104, 7-9A-105,
7-9A-106, or 7-9A-107. (b) Specified collateral: Time of perfection by control; continuation
of perfection. A security interest in deposit accounts, electronic chattel paper, letter-of-credit
rights, or electronic documents is perfected by control under Section 7-7-106, 7-9A-104, 7-9A-105,
or 7-9A-107 when the secured party obtains control and remains perfected by control only while
the secured party retains control. (c) Investment property: Time of perfection by control;
continuation of perfection. A security interest in investment property is perfected by control
under Section 7-9A-106 from the time the secured party obtains control and remains perfected
by control until: (1) the secured party...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-314.htm - 1K - Match Info - Similar pages
32-20-24
Section 32-20-24 Acceptance of application where ownership of manufactured home in question.
If the department is not satisfied as to the ownership of the manufactured home or that there
are no undisclosed security interests in it, the department may accept the application but
shall do either of the following: (1) Withhold issuance of a certificate of title until the
applicant presents documents reasonably sufficient to satisfy the department as to the applicant's
ownership of the manufactured home and that there are no undisclosed security interests on
it. (2) As a condition of issuing a certificate of title or certificate of cancellation, require
the applicant to file with the department a bond in a form prescribed by the department and
executed by the applicant, and either accompanied by the deposit of cash with the department
or also executed by a person authorized to conduct a surety business in this state. The bond
shall be in an amount equal to fifty thousand dollars ($50,000)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-20-24.htm - 2K - Match Info - Similar pages
7-8-503
Section 7-8-503 Property interest of entitlement holder in financial asset held by securities
intermediary. (a) To the extent necessary for a securities intermediary to satisfy all security
entitlements with respect to a particular financial asset, all interests in that financial
asset held by the securities intermediary are held by the securities intermediary for the
entitlement holders, are not property of the securities intermediary, and are not subject
to claims of creditors of the securities intermediary, except as otherwise provided in Section
7-8-511. (b) An entitlement holder's property interest with respect to a particular financial
asset under subsection (a) is a pro rata property interest in all interests in that financial
asset held by the securities intermediary, without regard to the time the entitlement holder
acquired the security entitlement or the time the securities intermediary acquired the interest
in that financial asset. (c) An entitlement holder's property...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-8-503.htm - 3K - Match Info - Similar pages
10A-1-1.03
Section 10A-1-1.03 Definitions. As used in this title, unless the context otherwise requires,
the following terms mean: (1) AFFILIATE. A person who controls, is controlled by, or is under
common control with another person. An affiliate of an individual includes the spouse, or
a parent or sibling thereof, of the individual, or a child, grandchild, sibling, parent, or
spouse of any thereof, of the individual, or an individual having the same home as the individual,
or a trust or estate of which an individual specified in this sentence is a substantial beneficiary;
a trust, estate, incompetent, conservatee, protected person, or minor of which the individual
is a fiduciary; or an entity of which the individual is director, general partner, agent,
employee or the governing authority or member of the governing authority. (2) ASSOCIATE. When
used to indicate a relationship with: (A) a domestic or foreign entity for which the person
is: (i) an officer or governing person; or (ii) a beneficial...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-1.03.htm - 25K - Match Info - Similar pages
26-2A-156
Section 26-2A-156 Claims against protected person; enforcement. (a) A conservator may pay or
secure from the estate claims against the estate or against the protected person arising before
or after the conservatorship upon their presentation and allowance in accordance with the
priorities stated in subsection (d). A claim may be presented by either of the following methods:
(1) The claimant may deliver or mail to the conservator a written statement of the claim indicating
its basis, the name and mailing address of the claimant, and the amount claimed; or (2) The
claimant may file a written statement of the claim, in the form prescribed by rules of the
court, with the clerk of court and deliver or mail a copy of the statement to the conservator.
(b) A claim is deemed presented on the first to occur of receipt of the written statement
of claim by the conservator or the filing of the claim with the court. A presented claim is
presumed to be disallowed if receipt of the claim is not...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/26-2A-156.htm - 3K - Match Info - Similar pages
11-53B-10
Section 11-53B-10 Redemption of property. (a) Any real property heretofore or hereafter sold
for the satisfaction of an assessment lien imposed thereon by the governing body of a municipality
may be redeemed by the former owner, or his or her assigns, or other persons authorized to
redeem property sold for taxes by the state, within two years from the date of the sale by
depositing with the officer designated by the municipality to collect the assessments the
amount of money for which the lands were sold, with interest thereon at the rate of 12 percent
per annum from the date of the sale through the date of the payment. (b) In addition to any
other requirements set forth in this section, the proposed redemptioner must pay or tender
the purchaser or his transferee all insurance premiums paid or owed by the purchaser with
accrued interest on the payments computed from the date the premiums were paid at 12 percent
per annum through the date of payment. (c) In addition to any other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-53B-10.htm - 4K - Match Info - Similar pages
27-25-7
Section 27-25-7 Notice of availability of owner's title insurance. (a) In connection with any
transaction involving the purchase or sale of a fee simple or possessory interest in real
property in this state, the title insurer shall obtain or cause its agent to obtain, at or
before the closing of settlement and disbursement of any funds, a statement in writing from
the purchaser acknowledging that the purchaser has received a notice that owner's title insurance
may be available to the purchaser in accordance with the underwriting guidelines of the title
insurer and that the purchaser does or does not desire to purchase owner's insurance coverage.
The written notice of availability of owner's title insurance shall contain all of the following:
(1) The address or legal description of the property. (2) A disclosure that owner's title
insurance may be available in accordance with the underwriting guidelines of the title insurer
and the premium therefor. (3) A space to indicate the desire of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-25-7.htm - 2K - Match Info - Similar pages
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