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34-27-60
Section 34-27-60 Acts constituting violation of article - Misrepresentation; waiver
of rights of purchasers; sale, etc., without license; bad checks. It shall be a violation
of this article for any seller of vacation time-sharing plans to: (1) Use any promotional
device, including but not limited to sweepstakes, lodging certificates, gift awards, premiums,
or discounts, without fully disclosing that such promotional devices are being used for the
purpose of soliciting the sale of vacation time-sharing plans and without fully disclosing
the fair market value of each award or prize offered and the approximate odds of receiving
each award or prize offered. (2) Use any promotional device as set forth above to obtain the
names and addresses of prospective purchasers without fully and prominently disclosing that
names and addresses so acquired will be used for the purpose of soliciting the sale of the
vacation time-sharing plans. (3) Misrepresent the amount of time or period of time the...
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40-10-197
Section 40-10-197 Action to foreclose the right to redeem and quiet title; notice requirements;
effect of foreclosure; deed; expiration of certificate. (a) At any time not less than three
years after the auction or sale of a tax lien but not later than 10 years after the auction
or sale, if the tax lien is not redeemed, the holder of the tax lien certificate may bring
in the circuit court of the county in which the property is located an action to foreclose
the right to redeem and quiet title to the property in the name of the holder of the tax lien
certificate. If any applicable law or court order prohibits bringing an action to foreclose
the right to redeem and quiet title to the property, the limitation provided in this section
shall be extended 12 months following the termination of the prohibition. (b)(1) At least
30 days before filing a tax lien foreclosure action under this article, but not more than
180 days before the action is commenced, the holder of the tax lien certificate...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-10-197.htm - 5K - Match Info - Similar pages
7-3-103
Section 7-3-103 Definitions. (a) In this article: (1) "Acceptor" means a drawee
who has accepted a draft. (2) "Drawee" means a person ordered in a draft to make
payment. (3) "Drawer" means a person who signs or is identified in a draft as a
person ordering payment. (4) "Good faith" means honesty in fact in the conduct or
transaction concerned. (5) "Maker" means a person who signs or is identified in
a note as a person undertaking to pay. (6) "Order" means a written instruction to
pay money signed by the person giving the instruction. The instruction may be addressed to
any person, including the person giving the instruction, or to one or more persons jointly
or in the alternative but not in succession. An authorization to pay is not an order unless
the person authorized to pay is also instructed to pay. (7) "Ordinary care" in the
case of a person engaged in business means observance of reasonable commercial standards,
prevailing in the area in which the person is located, with respect...
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7-8-202
Section 7-8-202 Issuer's responsibility and defenses; notice of defect or defense. (a)
Even against a purchaser for value and without notice, the terms of a certificated security
include terms stated on the certificate and terms made part of the security by reference on
the certificate to another instrument, indenture, or document or to a constitution, statute,
ordinance, rule, regulation, order, or the like, to the extent the terms referred to do not
conflict with terms stated on the certificate. A reference under this subsection does not
of itself charge a purchaser for value with notice of a defect going to the validity of the
security, even if the certificate expressly states that a person accepting it admits notice.
The terms of an uncertificated security include those stated in any instrument, indenture,
or document or in a constitution, statute, ordinance, rule, regulation, order, or the like,
pursuant to which the security is issued. (b) The following rules apply if an issuer...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-8-202.htm - 3K - Match Info - Similar pages
23-1-157
Section 23-1-157 Bonds - Generally. (a) The bonds of the corporation shall be signed
by its president or vice president and attested by its secretary; provided, that a facsimile
of the signature of the officers may be imprinted or otherwise reproduced on any such bonds
in lieu of his or her signing the same. The seal of the corporation shall be affixed to such
bonds; provided, that a facsimile of the seal may be imprinted or otherwise reproduced on
any such bonds in lieu of being manually affixed thereon. (b) Any bonds of the corporation
may be executed and delivered at any time and from time to time, shall be in such form and
denominations and of such tenor and maturities, shall bear such rate or rates of interest
payable and evidenced in such manner, may contain provisions for redemption prior to maturity
and may contain other provisions not inconsistent with this article, all as may be provided
by the resolution of the board of directors whereunder such bonds are authorized to be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-157.htm - 6K - Match Info - Similar pages
7-2A-310
Section 7-2A-310 Lessor's and lessee's rights when goods become accessions. (1) Goods
are "accessions" when they are installed in or affixed to other goods. (2) The interest
of a lessor or a lessee under a lease contract entered into before the goods became accessions
is superior to all interests in the whole except as stated in subsection (4). (3) The interest
of a lessor or a lessee under a lease contract entered into at the time or after the goods
became accessions is superior to all subsequently acquired interests in the whole except as
stated in subsection (4) but is subordinate to interests in the whole existing at the time
the lease contract was made unless the holders of such interests in the whole have in writing
consented to the lease or disclaimed an interest in the goods as part of the whole. (4) The
interest of a lessor or a lessee under a lease contract described in subsection (2) or (3)
is subordinate to the interest of (a) a buyer in the ordinary course of business or a...
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8-17-97
Section 8-17-97 Collection and payment of inspection fee; filing requirements; rulemaking
authority. (a) It shall be the duty of the person first selling dyed diesel fuel, dyed kerosene,
or lubricating oil in this state or importing dyed diesel fuel, dyed kerosene, or lubricating
oil into the state, on which an inspection fee is due to collect and pay such inspection fee
to the Department of Revenue each month in respect of all dyed diesel fuel, dyed kerosene,
or lubricating oil sold or imported in the state during the preceding month unless the purchaser
is an inspection fee permit holder. (b) It shall be the duty of the supplier or permissive
supplier to collect and pay the inspection fee to the Department of Revenue each month in
respect of all dyed diesel fuel or dyed kerosene destined for Alabama that is sold to an importer
that does not have a valid inspection fee permit issued by the Alabama Department of Revenue.
(c) It shall be the duty of the supplier or permissive supplier...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-17-97.htm - 3K - Match Info - Similar pages
10A-10-1.15
Section 10A-10-1.15 Merger. (a) For purposes of this section, the following words
shall have the respective meanings ascribed to them: (1) ALABAMA REAL ESTATE INVESTMENT TRUST.
A real estate investment trust organized in compliance with the provisions of this chapter.
(2) BUSINESS TRUST. a. An entity described in Section 10A-16-1.01. b. An unincorporated
trust or association, including an Alabama real estate investment trust, a common-law trust,
or a Massachusetts trust, which is engaged in business and in which property is acquired,
held, managed, administered, controlled, invested, or disposed of for the benefit and profit
of any person who may become a holder of a transferable unit of beneficial interest in the
trust. (3) DOMESTIC LIMITED LIABILITY COMPANY. A limited liability company as defined under
the Alabama Limited Liability Company Law. (4) DOMESTIC LIMITED PARTNERSHIP. A limited partnership
as defined under the Alabama Limited Partnership Law. (5) FOREIGN BUSINESS TRUST. A...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-10-1.15.htm - 10K - Match Info - Similar pages
10A-20-7.04
Section 10A-20-7.04 Powers of corporation. In furtherance of its purposes and in addition
to the powers now or hereafter conferred on business corporations by Alabama statutes, the
corporation shall, subject to the restrictions and limitations contained in this section,
have the following powers: (1) To elect, appoint, and employ officers, agents, and employees
to make contracts and incur liabilities for any of the purposes of the corporation; provided,
that the corporation shall not incur any secondary liability by way of guaranty or endorsement
of the obligations of any person, firm, corporation, joint stock company, association, or
trust or in any other manner. (2) To borrow money from its members and the small business
administration and any other similar federal agency for any of the purposes of the corporation,
to issue therefor its bonds, debentures, notes, or other evidences of indebtedness, whether
secured or unsecured, and to secure the same by mortgage, pledge, deed of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-7.04.htm - 4K - Match Info - Similar pages
10A-2A-1.40
Section 10A-2A-1.40 Chapter definitions. Notwithstanding Section 10A-1-1.03,
as used in this chapter, unless otherwise specified or unless the context otherwise requires,
the following terms have the following meanings: (1) AUTHORIZED STOCK means the stock of all
classes and series a corporation or foreign corporation is authorized to issue. (2) BENEFICIAL
STOCKHOLDER means a person who owns the beneficial interest in stock, which is either a record
stockholder or a person on whose behalf shares of stock are registered in the name of an intermediary
or nominee. (3) CERTIFICATE OF INCORPORATION means the certificate of incorporation described
in Section 10A-2A-2.02, all amendments to the certificate of incorporation, and any
other documents permitted or required to be delivered for filing by a corporation with the
Secretary of State under this chapter or Chapter 1 that modify, amend, supplement, restate,
or replace the certificate of incorporation. After an amendment of the certificate...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-1.40.htm - 13K - Match Info - Similar pages
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