|
32-7-6
Section 32-7-6 Security required; suspensions; applicability. (a) If 20 days after the receipt
of a report of a motor vehicle accident within this state which has resulted in bodily injury
or death, or damage to the property of any one person in excess of five hundred dollars ($500),
the director does not have on file evidence satisfactory that the person who would otherwise
be required to file security under subsection (b) of this section has been released from liability,
or has been finally adjudicated not to be liable, or has executed a duly acknowledged written
agreement or conditional release providing for the payment of an agreed amount in installments
with respect to all claims for injuries or damages resulting from the accident, which agreement
or conditional release may include reasonable interest as set out in Section 32-7-7, the director
shall determine the amount of security which shall be sufficient in his or her judgment to
satisfy any judgment or judgments for damages...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7-6.htm - 5K - Match Info - Similar pages
35-19-11
Section 35-19-11 Administration and enforcement of chapter. (a) The department is designated
as the administrating agency for this chapter and is empowered to administer and enforce this
chapter using the authorities granted to it by the Environmental Management Act. However,
such designation shall not imply that the department shall assume any administration or enforcement
functions other than those directly related to the environmental covenant. (b) A civil action
for injunctive or other equitable relief for violation of an environmental covenant may be
maintained by any of the following parties or entities: (1) A party to the covenant. (2) Alabama
Department of Environmental Management. (3) Any person to whom the covenant expressly grants
power to enforce. (4) A person whose interest in the real property or whose collateral or
liability may be affected by the alleged violation of the covenant. (5) A municipality or
other unit of local government in which the real property subject to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-19-11.htm - 1K - Match Info - Similar pages
35-4-433
Section 35-4-433 Liability for violations. (a) Any person who records or enters into an agreement
imposing a private transfer fee obligation in his or her favor after May 25, 2011, shall be
liable for: (1) Any and all damages resulting from the imposition of the private transfer
fee obligation on the transfer of an interest in the real property, including, but not limited
to, the amount of any transfer fee paid by a party to the transfer. (2) All attorney fees,
expenses, and costs incurred by a party to the transfer or mortgagee of the real property
to recover any private transfer fee paid or in connection with an action to quiet title. (b)
Where an agent acts on behalf of a principal to record or secure a private transfer fee obligation,
liability shall be assessed to the principal, rather than the agent. (Act 2011-260, p. 474,
ยง1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-4-433.htm - 1K - Match Info - Similar pages
40-1-2
Section 40-1-2 Lien for taxes - Generally. (a) If any person liable to pay any tax, other than
ad valorem taxes, neglects or refuses to pay the same the amount, including any interest,
penalty, additional amount, or addition to such tax, together with any costs which may accrue
in addition thereto, shall be a lien in favor of the State of Alabama upon all property and
the rights to property, real or personal, belonging to such person. Unless another date is
specifically fixed by law, the lien shall arise at the time the assessment list, return therefor
or the payment thereof, as the case may be, was due to have been filed with or made to the
Department of Revenue or other agency of the state or county and shall continue until the
liability for such amount is satisfied or becomes unenforceable by reason of the lapse of
time. (b) Such lien shall not be valid against any mortgagee, purchaser in the usual course
of trade, or conventional judgment creditor with an actual money judgment of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-1-2.htm - 4K - Match Info - Similar pages
40-10-28
Section 40-10-28 Disposition of excess arising from sale. (a)(1) The excess arising from the
sale of any real estate remaining after paying the amount of the decree of sale, including
costs and expenses subsequently accruing, shall be paid over to a person or entity who has
redeemed the property as authorized in Section 40-10-120 or any other provisions of Alabama
law authorizing redemption from a tax sale, provided proof that the person or entity requesting
payment of the excess has properly redeemed the property is presented to the county commission
within three years after the tax sale has occurred. The county commission may retain any interest
earned on those funds. Until and unless the property is redeemed, the excess funds from the
tax sale shall be held in a separate account in the county treasury during the three-year
period. If at the end of the three-year period there has been no proper request for the excess
funds, those funds and any interest earned on those funds shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-10-28.htm - 4K - Match Info - Similar pages
41-10-622
Section 41-10-622 Definitions. When used in this division, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) APPROPRIATED FUNDS.
The tobacco revenues deposited in the special fund to the extent such revenues are appropriated
to the authority pursuant to Section 41-10-630. (2) AUTHORITY. The Alabama 21st Century Authority
authorized to be established pursuant to Section 41-10-623. (3) BONDS. Those bonds, including
refunding bonds, issued pursuant to this division. (4) GOVERNMENT SECURITIES. Any bonds or
other obligations which as the principal and interest constitute direct obligations of, or
are unconditionally guaranteed by, the United States of America, including obligations of
any federal agency to the extent such obligations are unconditionally guaranteed by the United
States of America and any certificates or any other evidences of an ownership interest in
such obligations of, or unconditionally guaranteed by, the United...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-622.htm - 5K - Match Info - Similar pages
7-8-201
Section 7-8-201 Issuer. (a) With respect to an obligation on or a defense to a security, an
"issuer" includes a person that: (1) places or authorizes the placing of its name
on a security certificate, other than as authenticating trustee, registrar, transfer agent,
or the like, to evidence a share, participation, or other interest in its property or in an
enterprise, or to evidence its duty to perform an obligation represented by the certificate;
(2) creates a share, participation, or other interest in its property or in an enterprise,
or undertakes an obligation, that is an uncertificated security; (3) directly or indirectly
creates a fractional interest in its rights or property, if the fractional interest is represented
by a security certificate; or (4) becomes responsible for, or in place of, another person
described as an issuer in this section. (b) With respect to an obligation on or defense to
a security, a guarantor is an issuer to the extent of its guaranty, whether or not its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-8-201.htm - 1K - Match Info - Similar pages
7-9A-207
Section 7-9A-207 Rights and duties of secured party having possession or control of collateral.
(a) Duty of care when secured party in possession. Except as otherwise provided in subsection
(d), a secured party shall use reasonable care in the custody and preservation of collateral
in the secured party's possession. In the case of chattel paper or an instrument, reasonable
care includes taking necessary steps to preserve rights against prior parties unless otherwise
agreed. (b) Expenses, risks, duties, and rights when secured party in possession. Except as
otherwise provided in subsection (d), if a secured party has possession of collateral: (1)
reasonable expenses, including the cost of insurance and payment of taxes or other charges,
incurred in the custody, preservation, use, or operation of the collateral are chargeable
to the debtor and are secured by the collateral; (2) the risk of accidental loss or damage
is on the debtor to the extent of a deficiency in any effective insurance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-207.htm - 2K - Match Info - Similar pages
7-9A-307
Section 7-9A-307 Location of debtor. (a) "Place of business." In this section, "place
of business" means a place where a debtor conducts its affairs. (b) Debtor's location:
General rules. Except as otherwise provided in this section, the following rules determine
a debtor's location: (1) A debtor who is an individual is located at the individual's principal
residence. (2) A debtor that is an organization and has only one place of business is located
at its place of business. (3) A debtor that is an organization and has more than one place
of business is located at its chief executive office. (c) Limitation of applicability of subsection
(b). Subsection (b) applies only if a debtor's residence, place of business, or chief executive
office, as applicable, is located in a jurisdiction whose law generally requires information
concerning the existence of a nonpossessory security interest to be made generally available
in a filing, recording, or registration system as a condition or result...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-307.htm - 4K - Match Info - Similar pages
7-9A-608
Section 7-9A-608 Application of proceeds of collection or enforcement; liability for deficiency
and right to surplus. (a) Application of proceeds, surplus, and deficiency if obligation secured.
If a security interest or agricultural lien secures payment or performance of an obligation,
the following rules apply: (1) A secured party shall apply or pay over for application the
cash proceeds of collection or enforcement under Section 7-9A-607 in the following order to:
(A) the reasonable expenses of collection and enforcement and, to the extent provided for
by agreement and not prohibited by law, reasonable attorney's fees and legal expenses incurred
by the secured party; (B) the satisfaction of obligations secured by the security interest
or agricultural lien under which the collection or enforcement is made; and (C) the satisfaction
of obligations secured by any subordinate security interest in or other lien on the collateral
subject to the security interest or agricultural lien under...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-608.htm - 2K - Match Info - Similar pages
|