Code of Alabama

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45-6-242
Section 45-6-242 Levy of taxes; exemptions; payment of taxes; reports by taxpayers;
applicability of state sales tax statutes; disposition of funds. (a) The following words,
terms, and phrases where used in this section shall have the following respective meanings
except where the context clearly indicates a different meaning: (1) "County" means
Bullock County in the State of Alabama. (2) "Commissioner" means the Commissioner
of Revenue of the state. (3) "State Department of Revenue" means the Department
of Revenue of the state. (4) "State" means the State of Alabama. (5) "State
sales tax statutes" means Division 1 of Article 1 of Chapter 23 of Title 40, as amended,
including all other statutes of the state which expressly set forth any exemptions from the
computation of the taxes levied in Division 1 and all other statutes which expressly apply
to, or purport to affect, the administration of Division 1 and the incidence and collection
of the taxes imposed therein. (6) "State sales...
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8-20-4
Section 8-20-4 Unfair and deceptive trade practices. Notwithstanding the terms, provisions,
or conditions of any dealer agreement or franchise or the terms or provisions of any waiver,
prior to the termination, cancellation, or nonrenewal of any dealer agreement or franchise,
the following acts or conduct shall constitute unfair and deceptive trade practices: (1) For
any manufacturer, factory branch, factory representative, distributor, or wholesaler, distributor
branch, or distributor representative to coerce or attempt to coerce any motor vehicle dealer
to do any of the following: a. To accept, buy, or order any motor vehicle or vehicles, appliances,
equipment, parts, or accessories therefor, or any other commodity or commodities or service
or services which such motor vehicle dealer has not voluntarily ordered or requested except
items required by applicable local, state, or federal law; or to require a motor vehicle dealer
to accept, buy, order, or purchase such items in order to...
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5-17-8
Section 5-17-8 Reports to Administrator of Alabama Credit Union Administration; powers
of administrator. (a) Credit unions shall report to the Administrator of the Alabama Credit
Union Administration at least annually on or before January 31 in such manner and form as
required by the administrator for that purpose. Additional reports may be required. Credit
unions shall be examined at least every 18 months by employees of the administration or by
other persons designated by the administrator. For failure to file reports when due, unless
excused for cause by the administrator, the credit union shall pay to the State Treasurer
five dollars ($5) for each day of its delinquency. (b) If the administrator determines that
the credit union is violating this chapter, or is insolvent, the administrator may suspend
operations of the credit union by issuing an order requiring that the credit union cease operations
pending a hearing on the revocation of the certificate of approval, or the...
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7-9A-209
Section 7-9A-209 Duties of secured party if account debtor has been notified of assignment.
(a) Applicability of section. Except as otherwise provided in subsection (c), this
section applies if: (1) there is no outstanding secured obligation; and (2) the secured
party is not committed to make advances, incur obligations, or otherwise give value. (b) Duties
of secured party after receiving demand from debtor. Within 10 days after receiving an authenticated
demand by the debtor, a secured party shall send to an account debtor that has received notification
of an assignment to the secured party as assignee under Section 7-9A-406(a) an authenticated
record that releases the account debtor from any further obligation to the secured party.
(c) Inapplicability to sales. This section does not apply to an assignment constituting
the sale of an account, chattel paper, or payment intangible. (d) Authenticated demand. In
this section, "authenticated demand" means a record authenticated by the...

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7-9A-503
Section 7-9A-503 Name of debtor and secured party. (a) Sufficiency of debtor's name.
A financing statement sufficiently provides the name of the debtor: (1) except as otherwise
provided in paragraph (3), if the debtor is a registered organization or the collateral is
held in a trust that is a registered organization, only if the financing statement provides
the name that is stated to be the registered organization's name on the public organic record
most recently filed with or issued or enacted by the registered organization's jurisdiction
of organization which purports to state, amend, or restate the registered organization's name;
(2) subject to subsection (f), if the collateral is being administered by the personal representative
of a decedent, only if the financing statement provides, as the name of the debtor, the name
of the decedent and, in a separate part of the financing statement, indicates that the collateral
is being administered by a personal representative; (3) if the...
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7-9A-402
Section 7-9A-402 Secured party not obligated on contract of debtor or in tort. The existence
of a security interest, agricultural lien, or authority given to a debtor to dispose of or
use collateral, without more, does not subject a secured party to liability in contract or
tort for the debtor's acts or omissions. (Act 2001-481, p. 647, §1.)...
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7-9A-313
Section 7-9A-313 When possession by or delivery to secured party perfects security interest
without filing. (a) Perfection by possession or delivery. Except as otherwise provided in
subsection (b), a secured party may perfect a security interest in tangible negotiable documents,
goods, instruments, money, or tangible chattel paper by taking possession of the collateral.
A secured party may perfect a security interest in certificated securities by taking delivery
of the certificated securities under Section 7-8-301. (b) Goods covered by certificate
of title. With respect to goods covered by a certificate of title issued by this State, a
secured party may perfect a security interest in the goods by taking possession of the goods
only in the circumstances described in Section 7-9A-316(d). (c) Collateral in possession
of person other than debtor. With respect to collateral other than certificated securities
and goods covered by a document, a secured party takes possession of collateral in...
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7-9A-507
Section 7-9A-507 Effect of certain events on effectiveness of financing statement. (a)
Disposition. A filed financing statement remains effective with respect to collateral that
is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest
or agricultural lien continues, even if the secured party knows of or consents to the disposition.
(b) Information becoming seriously misleading. Except as otherwise provided in subsection
(c) and Section 7-9A-508, a financing statement is not rendered ineffective if, after
the financing statement is filed, the information provided in the financing statement becomes
seriously misleading under Section 7-9A-506. (c) Change in debtor's name. If the name
that a filed financing statement provides for a debtor becomes insufficient as the name of
the debtor under Section 7-9A-503(a) so that the financing statement becomes seriously
misleading under Section 7-9A-506: (1) the financing statement is effective to perfect
a...
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7-9A-603
Section 7-9A-603 Agreement on standards concerning rights and duties. (a) Agreed standards.
The parties may determine by agreement the standards measuring the fulfillment of the rights
of a debtor or obligor and the duties of a secured party under a rule stated in Section
7-9A-602 if the standards are not manifestly unreasonable. (b) Agreed standards inapplicable
to breach of peace. Subsection (a) does not apply to the duty under Section 7-9A-609
to refrain from breaching the peace. (Act 2001-481, p. 647, §1.)...
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7-9A-208
Section 7-9A-208 Additional duties of secured party having control of collateral. (a)
Applicability of section. This section applies to cases in which there is no
outstanding secured obligation and the secured party is not committed to make advances, incur
obligations, or otherwise give value. (b) Duties of secured party after receiving demand from
debtor. Within 10 days after receiving an authenticated demand by the debtor: (1) a secured
party having control of a deposit account under Section 7-9A-104(a)(2) shall send to
the bank with which the deposit account is maintained an authenticated statement that releases
the bank from any further obligation to comply with instructions originated by the secured
party; (2) a secured party having control of a deposit account under Section 7-9A-104(a)(3)
shall: (A) pay the debtor the balance on deposit in the deposit account; or (B) transfer the
balance on deposit into a deposit account in the debtor's name; (3) a secured party, other
than a...
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