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8-21B-12
Section 8-21B-12 Repurchase of items by supplier. Upon voluntary or involuntary termination,
nonrenewal, or discontinuance of the dealer agreement by the dealer or supplier, the supplier
shall repurchase from the dealer the following: (1) All heavy equipment which has been acquired
from the supplier within three years prior to the date of notice of the termination, nonrenewal,
or discontinuance of the dealer agreement and which has not previously been sold by the dealer.
The heavy equipment shall be repurchased at the net cost to the dealer. The heavy equipment
shall be delivered to the supplier at the dealer's premises. (2) All parts acquired by the
dealer from the supplier, or its approved sources, within seven years prior to the date of
notice of termination, nonrenewal, or discontinuance. The supplier shall repurchase the parts
at the net cost to the dealer. The parts shall be delivered to the supplier at the dealer's
premises. (3) Specialized repair tools, signage, books, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-21B-12.htm - 2K - Match Info - Similar pages
8-21B-4
Section 8-21B-4 Amendment, termination, etc., of dealer agreement - Good cause required. (a)
Notwithstanding the terms, provisions, or conditions of any agreement or dealer agreement,
no supplier shall unilaterally amend, terminate, or refuse to renew any dealer agreement,
or unilaterally cause a dealer to resign from a dealer agreement, unless the supplier has
first complied with this chapter and good cause exists for amendment, termination, nonrenewal,
or causing of resignation. The term good cause shall not include the sale or purchase of a
supplier. The term good cause shall be limited to withdrawal by the supplier, its successors,
and assigns of the sale of its products in Alabama or dealer performance deficiencies including,
but not limited to, failure by the dealer to comply substantially, without reasonable cause,
with any reasonable and material requirement imposed upon such dealer in writing by the supplier,
including, but not limited to, a substantial failure by a dealer to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-21B-4.htm - 2K - Match Info - Similar pages
40-18-86
Section 40-18-86 Sale or transfer of real property and associated tangible property by nonresidents.
(a) As used in this section, the term nonresident of Alabama shall include individuals, trusts,
partnerships, corporations, and unincorporated organizations. Any seller or transferor who
meets all of the following conditions and who provides the buyer or transferee with an affidavit
signed under oath swearing or affirming that all of the following conditions are met will
be deemed a resident for purposes of this section: (1) The seller or transferor has filed
Alabama income tax returns or appropriate extensions have been received for the two income
tax years immediately preceding the year of sale. (2) The seller or transferor is in business
in Alabama and will continue substantially the same business in Alabama after the sale or
the seller or transferor has real property remaining in the state at the time of closing of
equal or greater value than the withholding tax liability as...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-86.htm - 6K - Match Info - Similar pages
6-11-52
Section 6-11-52 Disclosure statement. Not less than three days prior to the date on which a
payee signs a transfer agreement, the transferee shall provide to the payee a separate disclosure
statement, in bold type no smaller than 14 points, setting forth all of the following: (1)
The amounts and due dates of the structured settlement payments to be transferred. (2) The
aggregate amount of the payments. (3) The discounted present value of the payments to be transferred,
which shall be identified as the "calculation of current value of the transferred structured
settlement payments under federal standards for valuing annuities," and the amount of
the applicable federal rate used in calculating the discounted present value. (4) The gross
advance amount. (5) An itemized listing of all applicable transfer expenses, other than attorneys'
fees and related disbursements payable in connection with the transferee's application for
approval of the transfer, and the transferee's best estimate of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-11-52.htm - 1K - Match Info - Similar pages
7-5-113
Section 7-5-113 Transfer by operation of law. (a) A successor of a beneficiary may consent
to amendments, sign and present documents, and receive payment or other items of value in
the name of the beneficiary without disclosing its status as a successor. (b) A successor
of a beneficiary may consent to amendments, sign and present documents, and receive payment
or other items of value in its own name as the disclosed successor of the beneficiary. Except
as otherwise provided in subsection (e), an issuer shall recognize a disclosed successor of
a beneficiary as beneficiary in full substitution for its predecessor upon compliance with
the requirements for recognition by the issuer of a transfer of drawing rights by operation
of law under the standard practice referred to in Section 7-5-108(e) or, in the absence of
such a practice, compliance with other reasonable procedures sufficient to protect the issuer.
(c) An issuer is not obliged to determine whether a purported successor is a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-5-113.htm - 2K - Match Info - Similar pages
8-21B-11
Section 8-21B-11 Indemnification. Each supplier shall indemnify and hold harmless its dealers
against any damages, expenses, and losses including, but not limited to, court costs and reasonable
attorneys' fees incurred by the dealer arising out of complaints, claims, or lawsuits including,
but not limited to, strict liability, negligence, misrepresentation, warranty, express or
implied, or rescission of the sale where the complaint, claim, or lawsuit relates to either
of the following: (1) The manufacture, assembly, or design of heavy equipment, parts, or accessories
by the supplier. (2) Other functions by the supplier beyond the control of the dealer including,
without limitation, the selection by the supplier of parts or components for the heavy equipment.
(Act 2009-755, p. 2279, ยง11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-21B-11.htm - 1K - Match Info - Similar pages
5-11A-34
Section 5-11A-34 Filing of affidavit in office of judge of probate; filing of notice of abandonment.
(a) Within a reasonable time after the date of a transfer of the fiduciary accounts in accordance
with the procedures set forth in Sections 5-11A-32 and 5-11A-33, the transferor shall file
an affidavit in the office of the judge of probate of the county in which the main office
of the transferor is located; and from time to time, the transferor may file a copy of such
affidavit in the office of the judge of probate in such other counties as the transferor may
deem appropriate. Such affidavit shall set forth the names and addresses of the transferor
and transferee, such identification of the fiduciary accounts transferred as the transferor
may deem appropriate, and such other information as the transferor may deem desirable. (b)
In the event that notice of objection to the transfer is received by the transferor after
the filing of record of the original affidavit with respect to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-11A-34.htm - 1K - Match Info - Similar pages
6-11-56
Section 6-11-56 Waiver; choice of law; procedures for life-contingent rights; liability. (a)
The provisions of this article may not be waived by any payee. (b) Any transfer agreement
entered into on or after July 1, 2006, by a payee who resides in this state shall provide
that disputes under the transfer agreement, including any claim that the payee has breached
the agreement, shall be determined in and under the laws of this state. Such a transfer agreement
shall not authorize the transferee or any other party to confess judgment or consent to entry
of judgment against the payee. (c) No transfer of structured settlement payment rights shall
extend to any payments that are life-contingent unless, prior to the date on which the payee
signs the transfer agreement, the transferee has established and has agreed to maintain procedures
reasonably satisfactory to the annuity issuer and the structured settlement obligor for (1)
periodically confirming the payee's survival, and (2) giving the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-11-56.htm - 2K - Match Info - Similar pages
27-21-5
Section 27-21-5 Qualifications for plan; examinations; public hearings; employment of consultants,
etc. (a) The commissioner shall set up standards and promulgate regulations concerning the
qualifications of those Alabama citizens entitled to utilize this plan, and no insurer or
association operating under the plan shall allow anyone to be insured under the plan unless
that person meets these qualifications. Any willful material misrepresentation by a person
attempting to qualify under the plan shall be a misdemeanor and, upon conviction thereof,
shall be punishable as prescribed in Section 13A-5-1. (b) The commissioner may also make other
necessary rules or regulations and may conduct any examination as to insurers at any reasonable
time and may also, at his discretion, hold public hearings to determine qualifications of
prospective insureds or rates and expenses of insurers in furtherance of this plan. The commissioner
may also employ consultants, actuaries, attorneys, or special...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-21-5.htm - 1K - Match Info - Similar pages
37-14-32
Section 37-14-32 Electric service outside existing municipal limits. Except as otherwise provided
in subdivisions (2), (3), (4) and (6) but notwithstanding any other provision of this article,
in areas outside existing municipal limits (including areas annexed to municipalities on or
after April 26, 1984), no electric supplier shall construct or maintain electric distribution
lines for the provision of retail electric service to any premises being provided retail electric
service by another electric supplier, or to any new premises located within the boundaries
of assigned service areas of another electric supplier. Assigned service areas outside existing
municipal limits are hereby established as set forth in this section. (1) Except as specified
in subdivisions (2) and (3) herein, each electric supplier is hereby granted a legislative
franchise and assigned the sole obligation, in areas outside existing municipal limits and
within existing municipal limits to the extent the standards...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-14-32.htm - 6K - Match Info - Similar pages
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