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6-5-252
Section 6-5-252 Demand for statement of debt and lawful charges by person entitled to
redeem. Anyone desiring and entitled to redeem may make written demand of the purchaser or
his or her transferees for a statement in writing of the debt and all lawful charges claimed
by him or her, and the purchaser or their transferees shall, within 10 days after the written
demand, furnish the person making the demand with a written, itemized statement of all lawful
charges claimed by him or her. The redeeming party must then tender all lawful charges to
the purchaser or his or her transferee. If the purchaser or his or her transferee fails to
furnish a written, itemized statement of all lawful charges within 10 days after demand, he
or she shall forfeit all claims or right to compensation for improvements, and the party so
entitled to redeem may, on the expiration of the 10 days, file his or her complaint without
a tender to enforce his or her rights under this article and file a lis pendens with...
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7-9A-311
Section 7-9A-311 Perfection of security interests in property subject to certain statutes,
regulations, and treaties. (a) Security interest subject to other law. Except as otherwise
provided in subsection (d), the filing of a financing statement is not necessary or effective
to perfect a security interest in property subject to: (1) a statute, regulation, or treaty
of the United States whose requirements for a security interest's obtaining priority over
the rights of a lien creditor with respect to the property preempt Section 7-9A-310(a);
(2) Chapter 8 or Chapter 20 of Title 32 or another statute of this state which provides for
a security interest to be indicated on a certificate of title as a condition or result of
the security interest's obtaining priority over the rights of a lien creditor with respect
to the collateral, or any central filing system created by another statute of this state governing
perfection of a security interest in collateral that is subject to this article;...
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7-9A-316
Section 7-9A-316 Effect of change in governing law. (a) General rule: Effect on perfection
of change in governing law. A security interest perfected pursuant to the law of the jurisdiction
designated in Section 7-9A-301(1) or 7-9A-305(c) remains perfected until the earliest
of: (1) the time perfection would have ceased under the law of that jurisdiction; (2) the
expiration of four months after a change of the debtor's location to another jurisdiction;
or (3) the expiration of one year after a transfer of collateral to a person that thereby
becomes a debtor and is located in another jurisdiction. (b) Security interest perfected or
unperfected under law of new jurisdiction. If a security interest described in subsection
(a) becomes perfected under the law of the other jurisdiction before the earliest time or
event described in that subsection, it remains perfected thereafter. If the security interest
does not become perfected under the law of the other jurisdiction before the earliest...
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10A-20-7.10
Section 10A-20-7.10 Rights to shares, bonds, securities, or other evidences of corporate
indebtedness. (a) Notwithstanding any rule at common law, any provision of any general or
special law or any provision in their respective charters, agreements of association, certificate
of formation, or trust indentures: (1) Any person, including all domestic corporations organized
for the purpose of carrying on business within this state, and further including, without
implied limitation, public utility companies, insurance companies, foreign corporations licensed
to do business within this state, all financial institutions, as defined in Section
10A-20-7.01, and all trusts, are hereby authorized to acquire, purchase, hold, sell, assign,
transfer, mortgage, pledge, or otherwise dispose of any bonds, securities, or other evidences
of indebtedness created by, or the shares of the capital stock of, the corporation and, while
owners of the stock, to exercise all the rights, powers, and privileges of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-7.10.htm - 2K - Match Info - Similar pages
37-4-1
Section 37-4-1 Definitions. Unless otherwise specified, when used in this article, these
terms shall have the following meanings: (1) COMMISSION. The Alabama Public Service Commission.
(2) COMMISSIONER. A member of the commission. (3) MUNICIPALITY. Any municipal corporation
organized under the laws of this state. (4) PERSON. Such term shall mean and include individuals,
associations of individuals, firms, partnerships, companies, corporations, municipalities,
governmental agencies, their lessees, trustees, or receivers appointed by any court whatsoever,
in the singular number as well as in the plural. (5) NONUTILITY. Any federal agency, instrumentality,
or corporation, owned by the United States, and any corporation or joint stock company in
which the United States or any of its departments, establishments, or agencies, owns more
than 50 percent of the voting shares of stock of such corporation or joint stock company.
(6) SECURITIES. Such term shall mean and include stock, stock...
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7-3-203
Section 7-3-203 Transfer of instrument; rights acquired by transfer. (a) An instrument
is transferred when it is delivered by a person other than its issuer for the purpose of giving
to the person receiving delivery the right to enforce the instrument. (b) Transfer of an instrument,
whether or not the transfer is a negotiation, vests in the transferee any right of the transferor
to enforce the instrument, including any right as a holder in due course, but the transferee
cannot acquire rights of a holder in due course by a transfer, directly or indirectly, from
a holder in due course if the transferee engaged in fraud or illegality affecting the instrument.
(c) Unless otherwise agreed, if an instrument is transferred for value and the transferee
does not become a holder because of lack of indorsement by the transferor, the transferee
has a specifically enforceable right to the unqualified indorsement of the transferor, but
negotiation of the instrument does not occur until the...
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7-8-315
Section 7-8-315 (Effective Until January 1, 1997) Action against purchaser based upon
wrongful transfer. (1) Any person against whom the transfer of a security is wrongful for
any reason, including his incapacity, may against anyone except a bona fide purchaser reclaim
possession of the security or obtain possession of any new security evidencing all or part
of the same rights or have damages. (2) If the transfer is wrongful because of an unauthorized
indorsement, the owner may also reclaim or obtain possession of the security or new security
even from a bona fide purchaser if the ineffectiveness of the purported indorsement can be
asserted against him under the provisions of this article on unauthorized indorsements (Section
7-8-311). (3) The right to obtain or reclaim possession of a security may be specifically
enforced and its transfer enjoined and the security impounded pending the litigation. (Acts
1965, No. 549, p. 811.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-8-315.htm - 1K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-312.htm - 3K - Match Info - Similar pages
8-17-213
Section 8-17-213 Requirement that consignee produce permit, etc., prior to delivery,
sale, etc., of fireworks; requirement that purchaser of fireworks obtain proof that seller
possesses permit; keeping of records by permit holders. No person shall deliver, sell or ship
fireworks into or within the State of Alabama unless the consignee produces the required permit
or evidence that the consignee holds said permit. No person shall purchase fireworks from
another person without first requiring proof that the proper permit required of the seller
herein has been obtained and is current and valid. Each holder of a permit under the provisions
of this article shall keep an accurate record of each shipment received. Each holder of a
permit as distributor or wholesaler shall keep a record of each sale, delivery, or out shipment
of fireworks. Such records shall be clear, legible, and accurate, showing the name and address
of the seller or purchaser, item and quantity received or sold. Such records...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-17-213.htm - 1K - Match Info - Similar pages
10A-2A-13.01
Section 10A-2A-13.01 Definitions. Notwithstanding Chapter 1, in this Article 13: (1)
"Affiliate" means a person that directly or indirectly through one or more intermediaries
controls, is controlled by, or is under common control with another person or is a senior
executive of that person. For purposes of Section 10A-2A-13.02(b)(4), a person is deemed
to be an affiliate of its senior executives. (2) "Corporation" means the corporation
that is the issuer of the stock held by a stockholder demanding appraisal and, for matters
covered in Section 10A-2A-13.22 through Section 10A-2A-13.31, includes the surviving
organization of a merger. (3) "Fair value" means the value of the corporation's
stock determined: (i) immediately before the effectiveness of the corporate action to which
the stockholder objects; (ii) using customary and current valuation concepts and techniques
generally employed for similar businesses in the context of the transaction requiring appraisal;
and (iii) without...
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