Code of Alabama

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7-8-510
Section 7-8-510 Rights of purchaser of security entitlement from entitlement holder.
(a) In a case not covered by the priority rules in Article 9A or the rules stated in subsection
(c), an action based on an adverse claim to a financial asset or security entitlement, whether
framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not
be asserted against a person who purchases a security entitlement, or an interest therein,
from an entitlement holder if the purchaser gives value, does not have notice of the adverse
claim, and obtains control. (b) If an adverse claim could not have been asserted against an
entitlement holder under Section 7-8-502, the adverse claim cannot be asserted against
a person who purchases a security entitlement, or an interest therein, from the entitlement
holder. (c) In a case not covered by the priority rules in Article 9A, a purchaser for value
of a security entitlement, or an interest therein, who obtains control has priority...
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7-4-210
Section 7-4-210 Security interest of collecting bank in items, accompanying documents,
and proceeds. (a) A collecting bank has a security interest in an item and any accompanying
documents or the proceeds of either: (1) In case of an item deposited in an account, to the
extent to which credit given for the item has been withdrawn or applied; (2) In case of an
item for which it has given credit available for withdrawal as of right, to the extent of
the credit given, whether or not the credit is drawn upon or there is a right of charge-back;
or (3) If it makes an advance on or against the item. (b) If credit given for several items
received at one time or pursuant to a single agreement is withdrawn or applied in part, the
security interest remains upon all the items, any accompanying documents or the proceeds of
either. For the purpose of this section, credits first given are first withdrawn. (c)
Receipt by a collecting bank of a final settlement for an item is a realization on its...

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11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution,
sale, delivery, redemption, etc.; security for payment of principal or interest; remedies
upon default; liability of municipalities, board, etc., thereupon. (a) Any authority shall
have power to issue from time to time its bonds and notes in such principal amount as its
board shall determine to be necessary to provide sufficient funds for achieving any of its
corporate purposes, including the payment of interest on any of its notes and bonds, the establishment
of reserves to secure any such notes and bonds and all other expenditures of such authority
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
authority shall also have the power to issue from time to time notes to renew notes and bonds
to pay notes, including interest thereon and, whenever it deems refunding expedient, to refund
any bonds by the issuance of new bonds, whether the bonds to be refunded...
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25-4-134
Section 25-4-134 Procedures for collection of delinquent contribution payments. (a)
Generally. The contributions, interest, and penalties required to be paid under this chapter
shall be a first and prior lien upon all property and rights to property, real or personal,
of any employer subject to this chapter. The lien shall arise at the time the contribution
report, or the payment of the contributions, as the case may be, was due to have been filed
with or made to the Department of Labor. The secretary may file in the office of the judge
of probate of any county in this state a certificate which shall show the name of the department
for which it is filed, the amount and nature of the contributions, interest, and penalties
for which a lien is claimed together with any costs that may have accrued, the name of the
employer against whose property a lien for such contributions, interest, and penalties is
claimed and the date thereof. An error in the certificate of the amount shall not...
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7-9A-502
Section 7-9A-502 Contents of financing statement; record of mortgage as financing statement;
time of filing financing statement. (a) Sufficiency of financing statement. Subject to subsection
(b), a financing statement is sufficient only if it: (1) provides the name of the debtor;
(2) provides the name of the secured party or a representative of the secured party; and (3)
indicates the collateral covered by the financing statement. (b) Real-property-related financing
statements. Except as otherwise provided in Section 7-9A-501(b), to be sufficient,
a financing statement that covers as-extracted collateral or timber to be cut, or which is
filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy
subsection (a) and also: (1) indicate that it covers this type of collateral; (2) indicate
that it is to be filed in the real property records; (3) provide a description of the real
property to which the collateral is related sufficient to give constructive...
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11-47-224
Section 11-47-224 Bonds of an authority - Payment out of revenues; security for payment;
mortgages, security interests, or assignments as security for payment. (a) Any bonds issued
by an authority shall be revenue bonds and shall be payable solely out of the revenues of
the authority as may be designated in the proceedings of the board under which the bonds are
authorized to be issued. (b) As security for payment of the principal of and interest on any
bonds issued or assumed by it, an authority may enter into a contract or contracts, and adopt
resolutions or other proceedings containing provisions constituting a part of the contract
or contracts with the holders of the bonds, pertaining to, among other things, the following:
(1) Pledging all or any part of the revenues of the authority to secure the payment of the
bonds. (2) Pledging, assigning, or mortgaging all or any part of the assets of the authority
to secure the payment of the bonds. (3) The creation of reserve, sinking, or...
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32-8-46
Section 32-8-46 Transfer of ownership - By operation of law. (a)(1) If the interest
of an owner in a vehicle passes to another other than by voluntary transfer, the transferee
shall, except as hereinafter provided in subsection (b), promptly mail or deliver to a designated
agent the last certificate of title, if available, and proof of the transfer, together with
his or her application for a new certificate in the form the department prescribes. (2) Except
as provided in subdivision (3), a person or entity initiating an involuntary transfer by operation
of law in this state shall give notice of the action to the department at least 35 calendar
days prior to the date of the transfer. The notice shall be in a manner as prescribed by the
department and shall include all of the following: a. The contact information for the person
or entity filing the notice. b. The motor vehicle's identification number, year, make, and
model. c. The date, time, and location of the involuntary transfer by...
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11-89A-10
Section 11-89A-10 Security for payment of bonds; contracts and agreements to secure.
(a) Any bonds issued by the authority shall be revenue bonds and shall be payable solely out
of such revenues of the authority as may be designated in the proceedings of the board under
which they shall be authorized to be issued. Any such proceedings may provide that the bonds
therein authorized shall be payable solely out of the revenues derived from the operation
of any facility or facilities owned by the authority, regardless of the fact that those bonds
may have been issued with respect to or for the benefit of a certain facility or facilities
of the authority. (b) As security for payment of the principal and interest on any bonds issued
or assumed by it, any authority may enter into a contract or contracts, and adopt resolutions
or other proceedings containing provisions constituting a part of the contract or contracts
with the holders of such bonds, pertaining to, among other things, the...
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11-97-10
Section 11-97-10 Security for payment of bonds; contracts and agreements to secure.
(a) Bonds issued by any corporation may, as its board may deem advisable, be either general
obligations of such corporation or limited obligations payable only out of certain specified
revenues or assets of such corporation; provided, that any corporation may enter into contracts
with the holders of any of its bonds preventing such corporation from thereafter issuing general
obligation bonds or limiting the amount of such bonds that may thereafter be issued. To the
extent permitted by any contracts with the holders of outstanding bonds and any other contractual
obligations or requirements, any corporation may pledge any of its revenues or mortgage or
assign any of its assets, whether real or personal and whether tangible or intangible, to
secure the payment of any of its bonds. (b) As security for payment of the principal of and
the interest and premium, if any, on any bonds issued or assumed by it, any...
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40-15-4
Section 40-15-4 Time of payment and filing return; extension of time. The tax imposed
by this chapter shall be paid and the return required by Section 40-15-3 shall be filed
on or before nine months after the decedent's death and shall be paid by the personal representative
to the Department of Revenue; provided, that where the Department of Revenue finds that the
payment on the due date of any part of the amount due would impose undue hardship upon the
estate, the Department of Revenue may extend the time for payment of all or any part, not
to exceed 10 years from the original due date. In such case the amount or amounts in respect
of which the extension is granted shall be paid on or before the dates thus fixed, unless
further extended within said limitation as to time. If the time for payment is extended, there
shall be collected, in addition to the tax, interest thereon at the legal rate from the original
due date of the tax to the date of payment. The Department of Revenue may, in...
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