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7-9A-512
Section 7-9A-512 Amendment of financing statement. (a) Amendment of information in financing
statement. Subject to Section 7-9A-509, a person may add or delete collateral covered
by, continue or terminate the effectiveness of, or, subject to subsection (e), otherwise amend
the information provided in, a financing statement by filing an amendment that: (1) identifies,
by its file number, the initial financing statement to which the amendment relates; and (2)
if the amendment relates to an initial financing statement filed or recorded in a filing office
described in Section 7-9A-501(a)(1), provides the information specified in Section
7-9A-502(b). (b) Period of effectiveness not affected. Except as otherwise provided in Section
7-9A-515, the filing of an amendment does not extend the period of effectiveness of the financing
statement. (c) Effectiveness of amendment adding collateral. A financing statement that is
amended by an amendment that adds collateral is effective as to the added...
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7-9A-516
Section 7-9A-516 What constitutes filing; effectiveness of filing. (a) What constitutes
filing. Except as otherwise provided in subsection (b), communication of a record to a filing
office and tender of the filing fee or acceptance of the record by the filing office constitutes
filing. (b) Refusal to accept record; filing does not occur. Filing does not occur with respect
to a record that a filing office refuses to accept because: (1) the record is not communicated
by a method or medium of communication authorized by the filing office; (2) an amount equal
to or greater than the applicable filing fee is not tendered; (3) the filing office is unable
to index the record because: (A) in the case of an initial financing statement, the record
does not provide a name for the debtor; (B) in the case of an amendment or information statement,
the record: (i) does not identify the initial financing statement as required by Section
7-9A-512 or 7-9A-518, as applicable; or (ii) identifies an initial...
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7-9A-525
Section 7-9A-525 Fees. (a) Initial financing statement or other record: General rule.
Except as otherwise provided in subsection (e), and except that no filing fee is required
for the filing of a termination statement pursuant to Section 7-9A-513, the fee for
filing and indexing a record under this part is: (1) $20.00 if the record is communicated
in writing and consists of one or two pages; (2) $20.00 plus $2.00 for each page more than
two if the record is communicated in writing and consists of more than two pages; and (3)
$15.00 if the record is communicated by another medium authorized by filing-office rule. (b)
Initial financing statement: Manufactured-housing transactions: Section 7-9A-502(c).
Except as otherwise provided in subsection (c), the fee for filing and indexing an initial
financing statement of the kind described in Section 7-9A-502(c) is $10.00 if the financing
statement indicates that it is filed in connection with a manufactured-home transaction. (c)
Number of...
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16-13-310
Section 16-13-310 Obligations under contractual agreements. (a) Upon the request of
a public person who shall have issued or incurred obligations for the benefit of a board and
for a purpose or purposes for which a board could issue warrants under this article, and upon
compliance with the following terms and conditions, a board may undertake, pursuant to a contractual
agreement with such public person, to pay such amounts to, or for the account of, such public
person at such times and in such amounts as shall be sufficient to pay all, or such portion
as such board and such public person shall determine, of the principal of, premium (if any),
and interest on such obligations when and as due and payable. (b) The obligations of a public
person which a board is authorized to support by a contractual agreement under subsection
(a) shall be in such denomination, mature at such time or times, bear interest at such rate,
be subject to redemption, and contain such other terms, as are...
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7-5-102
Section 7-5-102 Definitions. (a) In this article: (1) "Adviser" means a person
who, at the request of the issuer, a confirmer, or another adviser, notifies, or requests
another adviser to notify, the beneficiary that a letter of credit has been issued, confirmed,
or amended. (2) "Applicant" means a person at whose request or for whose account
a letter of credit is issued. The term includes a person who requests an issuer to issue a
letter of credit on behalf of another if the person making the request undertakes an obligation
to reimburse the issuer. (3) "Beneficiary" means a person who under the terms of
a letter of credit is entitled to have its complying presentation honored. The term includes
a person to whom drawing rights have been transferred under a transferable letter of credit.
(4) "Confirmer" means a nominated person who undertakes, at the request or with
the consent of the issuer, to honor a presentation under a letter of credit issued by another.
(5) "Dishonor" of a letter...
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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...
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7-9A-312
Section 7-9A-312 Perfection of certain security interests by filing; temporary perfection.
(a) Perfection by filing permitted. A security interest in chattel paper, negotiable documents,
instruments, or investment property may be perfected by filing. (b) Control or possession
of certain collateral. Except as otherwise provided in Section 7-9A-315(c) and (d)
for proceeds: (1) a security interest in a deposit account may be perfected only by control
under Section 7-9A-314; (2) and except as otherwise provided in Section 7-9A-308(d),
a security interest in a letter-of-credit right may be perfected only by control under Section
7-9A-314; and (3) a security interest in money may be perfected only by the secured party's
taking possession under Section 7-9A-313. (c) Goods covered by negotiable document.
While goods are in the possession of a bailee that has issued a negotiable document covering
the goods: (1) a security interest in the goods may be perfected by perfecting a security
interest...
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10A-2-16.02
Section 10A-2-16.02 Inspection of records by shareholders. REPEALED IN THE 2019 REGULAR
SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A shareholder of a domestic corporation or of a foreign corporation with its principal
office within this state is entitled to inspect and copy, during regular business hours at
the corporation's principal office, or if its principal office is outside this state, at a
reasonable location within this state, specified by the corporation, any of the records of
the corporation described in Section 10A-2-16.01(e) if he or she gives the corporation
written notice of his or her demand at least five business days before the date on which he
or she wishes to inspect and copy. (b) A shareholder of a domestic corporation or of a foreign
corporation with its principal office within this state who shall have been a holder of record
of shares for 180 days immediately preceding his or her demand or who is the holder...
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11-81-222
Section 11-81-222 Contents of complaint; order and notice of hearing to show cause why
obligations not valid. (a) The complaint by appropriate allegations, references or exhibits
shall briefly state the following: the authority for issuing such obligations; the resolution
or resolutions authorizing their issuance and the fact of their adoption and all essential
proceedings had or taken in connection therewith; the amount of the obligations to be issued;
the maximum rate of interest they are to bear; when principal and interest are to be paid
and the place of payment (unless the successful bidder at public sale will have the right
to name, designate, request or suggest the place of payment, which shall be stated if this
is the case); the taxes, other revenues or other means provided for their payment; and, in
the case of obligations payable from taxes, the amount of outstanding indebtedness payable
or secured by the same taxes and the assessed valuation for the then preceding tax year...
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41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall
have the following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST
FUND. The trust fund of the state created under Amendment 450 to the Constitution of Alabama
of 1901, and appearing as ยง219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section
41-10-759. (3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established
pursuant to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued
pursuant to this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement
of economic damages claims of the state against BP Exploration and Production, Inc. and any
of its corporate affiliates arising out of the Deepwater Horizon oil spill...
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