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7-2A-506
been discovered by the aggrieved party, or when the default occurs, whichever is later. A cause
of action for indemnity accrues (a) in the case of an indemnity against liability, when the
act or omission on which the claim for indemnity is based is or should have been discovered
by the indemnified party, or when the default occurs, whichever is later, (b) in the case
of an indemnity against loss or damage, when the person indemnified makes payment thereof.
A cause of action for damages for injury to the person in the case of consumer goods
accrues when the injury occurs. (3) If an action commenced within the time limited
by subsection (1) is so terminated as to leave available a remedy by another action for the
same default or breach of warranty or indemnity, the other action may be commenced after the
expiration of the time limited and within 6 months after the termination of the first action
unless the termination resulted from voluntary discontinuance or from dismissal for failure...
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26-2A-140
Section 26-2A-140 Terms and requirements of bonds. (a) The following requirements and provisions
apply to any bond required under Section 26-2A-139. (1) Sureties are jointly and severally
liable with the conservator and with each other. (2) By executing an approved bond of a conservator,
the surety consents to the jurisdiction of the court that issued letters to the primary obligor
in any proceeding pertaining to the fiduciary duties of the conservator and naming the surety
as a party respondent. Notice of any proceeding must be delivered to the surety or mailed
by registered or certified mail to the address listed with the court at the place where the
bond is filed and to the address as then known to the petitioner. (3) On petition of a successor
conservator or any interested person, a proceeding may be initiated against a surety for breach
of the obligation of the bond of the conservator. (4) The bond of the conservator is not void
after the first recovery but may be proceeded...
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7-2A-103
or a line of machinery, or a quantity, as a gross or carload, or any other unit treated in
use or in the relevant market as a single whole. (d) "Conforming" goods or performance
under a lease contract means goods or performance that are in accordance with the obligations
under the lease contract. (e) "Consumer lease" means a lease that a lessor regularly
engaged in the business of leasing or selling makes to a lessee who is an individual and who
takes under the lease primarily for a personal, family, or household purpose, if the
total payments to be made under the lease contract, excluding payments for options to renew
or buy, do not exceed $100,000. (f) "Fault" means wrongful act, omission, breach,
or default. (g) "Finance lease" means a lease with respect to which: (i) the lessor
does not select, manufacture, or supply the goods; (ii) the lessor acquires the goods or the
right to possession and use of the goods in connection with the lease; and (iii) one of the
following...
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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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22-30E-9
Section 22-30E-9 Requirements for voluntary property assessment plans, voluntary cleanup plans;
financial assurance. (a) Subject to Sections 22-30E-8 and 22-30E-10, upon the department's
approval of a voluntary property assessment plan, approval of a voluntary cleanup plan, or
concurrence with the certification of compliance described in this section, whichever first
occurs, an applicant who is not a responsible person, as defined in Section 22-30E-3, at the
qualifying property, shall not be liable to the state or any third party for costs incurred
in the investigation or cleanup of, or equitable relief relating to, or damages resultant
from, in whole or in part, a preexisting release at the qualifying property, including, but
not limited to, any liability to the state for the cleanup of the property under Chapters
22, 27, 30, 30A, and 35 of this title, or a new release of a substance, constituent, or material
which had been part of a preexisting release at the property, unless such...
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33-5A-8
Section 33-5A-8 Right of redemption. (a) Where a vessel, or an interest in a vessel, is sold
under this chapter, the vessel may be redeemed by any of the following: (1) The debtor, including
any surety or guarantor. (2) A judgment creditor, or its transferee. (3) A transferee of the
interests of the debtor, either before or after the sale. A transfer of any kind made by the
debtor will accomplish a transfer of the interests of that party. (4) The spouse of a debtor,
or transferee of any interest of the debtor, who is a spouse on the day of the execution,
judgment, or foreclosure sale. (5) Children, heirs, or devisees of the debtor. (b) All persons
named or enumerated in subdivisions (a) (1) through (a) (5) may exercise the right of redemption
granted by this section within 90 days from the date of the sale. (c) (1) When any judgment
creditor or any transferee of a judgment creditor redeems under this section, all recorded
judgments, and recorded liens having a higher recorded priority...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-5A-8.htm - 3K - Match Info - Similar pages
43-2-852
Section 43-2-852 Terms and requirements of bonds. (a) The following requirements and provisions
apply to any bond required under Section 43-2-850: (1) Sureties are jointly and severally
liable with the personal representative and with each other. (2) By executing an approved
bond of a personal representative, the surety consents to the jurisdiction of the court
that issued letters to the primary obligor in any proceeding pertaining to the fiduciary duties
of the personal representative and naming the surety as a party respondent. Notice
of any proceeding must be delivered to the surety or mailed by registered or certified mail
to the address listed with the court at the place where the bond is filed and to the address
as then known to the petitioner. (3) On petition of a successor personal representative
or any interested person, a proceeding may be initiated against a surety for breach of the
obligation of the bond of the personal representative. (4) The bond of the personal...
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7-9-302
interest in property subject to the statute or treaty can be perfected only by compliance therewith
except as provided in Section 7-9-103 on multiple state transactions. Duration and renewal
of perfection of a security interest perfected by compliance with the statute or treaty are
governed by the provisions of the statute or treaty; in other respects the security interest
is subject to this article. (5)(a) The filing provisions of this article also do not apply
to a security interest in personal property or fixtures of a utility which is created
by a mortgage or other security agreement which also covers real property situated in the
State of Alabama and which has been filed for record in accordance with the laws of Alabama
governing mortgages of real property. Such security interest shall be perfected by such filing,
whether such filing shall have been accomplished before or after February 1, 1982; and such
security interest shall be and remain effective, both as to the personal...
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5-19-20
is required by the creditor, is not furnished by the debtor, and is purchased by the creditor,
then upon renewal, refinancing, or payment of the debt before the final maturity date, the
creditor shall refund or credit the debtor with that portion of the premium refunded by the
insurance carrier upon the termination of the insurance. (g) A creditor may not contract for
or receive a separate charge for insurance against loss of or damage to property or against
liability for property damage or personal injuries unless the original amount financed
exclusive of the charges for insurance is three hundred dollars ($300) or more and the value
of the property is three hundred dollars ($300) or more. (h) In no event shall the creditor
have any responsibility or liability for the failure to purchase any insurance permitted by
this section unless the creditor has affirmatively undertaken in writing to purchase the insurance.
(i) A creditor may offer and finance any other insurance in connection...
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11-47-25
for the underlying obligation only to the extent the municipality realizes final payment of
the underlying obligation in cash or the equivalent. If final payment is not made by the credit
card issuer or other guarantor of payment in the credit card transaction, then the underlying
obligation shall survive and the municipality shall retain all remedies for enforcement which
would have applied if the credit card transaction had not occurred. No contract may modify
the provisions of this subsection. This subsection shall not make the underlying obligor liable
for any discount or administrative fees paid to a credit card issuer or other party by the
municipality. (j) A municipal government officer or employee of the municipality who accepts
a credit card payment in accordance with this section and any applicable procedures, rules,
or regulations of the governing body shall not thereby incur any personal liability
for the final collection of the payments. (Act 2000-377, p. 593, ยง1.)...
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