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23-7-21
Section 23-7-21 Securing of bonds - Pledge. (a) Any pledge made by the bank to secure its obligations
with respect to bonds or other financial assistance is valid and binding from the time the
pledge is made. The revenue, money, or property pledged and received by the bank is immediately
subject to the lien of the pledge without any physical delivery or further act. The lien of
any pledge is valid and binding as against all parties having claims of any kind in tort,
contract, or otherwise against the bank, irrespective of whether the parties have notice of
the pledge. (b) No recording or filing of the resolution authorizing the issuance of bonds
or other financial assistance, the trust indenture or other financing agreement securing the
bonds or other financial assistance, or any other instrument including filings under the Uniform
Commercial Code is necessary to create or perfect any pledge or security interest granted
by the bank to secure any bonds or other financial assistance....
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6-6-50
Section 6-6-50 Security for costs by nonresident or foreign corporation. When an attachment
is sued out in favor of a nonresident or a foreign corporation, security for the costs of
the action may be taken and approved by the officer issuing the same or may be endorsed with
his approval on the attachment. (Code 1867, §2937; Code 1876, §3262; Code 1886, §2939;
Code 1896, §534; Code 1907, §2934; Code 1923, §6182; Code 1940, T. 7, §855.)...
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7-9A-108
Section 7-9A-108 Sufficiency of description. (a) Sufficiency of description. Except as otherwise
provided in subsections (c), (d), and (e), a description of personal or real property is sufficient,
whether or not it is specific, if it reasonably identifies what is described. (b) Examples
of reasonable identification. Except as otherwise provided in subsection (d), a description
of collateral reasonably identifies the collateral if it identifies the collateral by: (1)
specific listing; (2) category; (3) except as otherwise provided in subsection (e), a type
of collateral defined in the Uniform Commercial Code; (4) quantity; (5) computational or allocational
formula or procedure; or (6) except as otherwise provided in subsection (c), any other method,
if the identity of the collateral is objectively determinable. (c) Supergeneric description
not sufficient. A description of collateral as "all the debtor's assets" or "all
the debtor's personal property" or using words of similar import...
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35-5A-10
Section 35-5A-10 Manner of creating custodial property and effecting transfer; form of transfer;
control of custodial property. (a) Custodial property is created and a transfer is made whenever:
(1) An uncertificated security or a certificated security in registered form is either: a.
Registered in the name of the transferor, an adult other than the transferor, or a trust company,
followed in substance by the words: "as custodian for _____ (name of minor) under the
Alabama Uniform Transfers to Minors Act"; or b. Delivered if in certificated form, or
any document necessary for the transfer of an uncertificated security is delivered, together
with any necessary endorsement to an adult other than the transferor or to a trust company
as custodian, accompanied by an instrument in substantially the form set forth in subsection
(b); (2) Money is paid or delivered to a broker or financial institution for credit to an
account in the name of the transferor, an adult other than the transferor, or...
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7-9A-305
Section 7-9A-305 Law governing perfection and priority of security interests in investment
property. (a) Governing law: General rules. Except as otherwise provided in subsection (c),
the following rules apply: (1) While a security certificate is located in a jurisdiction,
the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection,
and the priority of a security interest in the certificated security represented thereby.
(2) The local law of the issuer's jurisdiction as specified in Section 7-8-110(d) governs
perfection, the effect of perfection or nonperfection, and the priority of a security interest
in an uncertificated security. (3) The local law of the securities intermediary's jurisdiction
as specified in Section 7-8-110(e) governs perfection, the effect of perfection or nonperfection,
and the priority of a security interest in a security entitlement or securities account. (4)
The local law of the commodity intermediary's jurisdiction governs...
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7-9A-525
Section 7-9A-525 Fees. (a) Initial financing statement or other record: General rule. Except
as otherwise provided in subsection (e), and except that no filing fee is required for the
filing of a termination statement pursuant to Section 7-9A-513, the fee for filing and indexing
a record under this part is: (1) $20.00 if the record is communicated in writing and consists
of one or two pages; (2) $20.00 plus $2.00 for each page more than two if the record is communicated
in writing and consists of more than two pages; and (3) $15.00 if the record is communicated
by another medium authorized by filing-office rule. (b) Initial financing statement: Manufactured-housing
transactions: Section 7-9A-502(c). Except as otherwise provided in subsection (c), the fee
for filing and indexing an initial financing statement of the kind described in Section 7-9A-502(c)
is $10.00 if the financing statement indicates that it is filed in connection with a manufactured-home
transaction. (c) Number of...
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30-3-198
Section 30-3-198 Notice of lien. (a) The state Title IV-D agency, by or through any employee,
agent, or representative, shall file a notice of a lien against any real or personal property
of any noncustodial parent who resides or owns property in this state and owes past due child
support payments under 42 U.S.C.A. Section 666(a) (4) as follows: (i) liens against any real
property shall be filed in the office of the judge of probate where the real property is located;
(ii) liens against personal property, other than personal property subject to a certificate
of title, shall be filed in the office of the Secretary of State in the records where Uniform
Commercial Code financing statements are filed; and (iii) liens against personal property
which is subject to a certificate of title shall be filed in the office of the Alabama Department
of Revenue on such forms as may be prescribed by the Department of Revenue and upon delivery
to the Department of Revenue of the outstanding certificate...
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8-25-1
Section 8-25-1 Definitions. As used in this chapter, the following words and phrases shall
have the following meanings ascribed to them, unless the context clearly indicates otherwise:
(1) ADVERTISEMENT. A commercial message in any medium that directly or indirectly promotes
or assists a rental-purchase agreement, except for instore merchandising aids. (2) CONSUMER.
An individual who leases personal property under a rental-purchase agreement. (3) MERCHANDISE.
The personal property that is the subject of a rental-purchase agreement. (4) MERCHANT. A
person who, in the ordinary course of business, regularly leases, offers to lease, or arranges
for the leasing of merchandise under a rental-purchase agreement, and includes a person who
is assigned an interest in a rental-purchase agreement. (5) RENTAL-PURCHASE AGREEMENT. An
agreement for the use of merchandise by a consumer for personal, family, or household purposes,
for an initial period of four months or less that is automatically...
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11-101A-14
Section 11-101A-14 Securities payable out of revenues from projects, properties, etc., indenture
may contain agreements; liens. (a) Securities issued by an authority shall not be general
obligations of the authority but shall be payable solely out of the revenues from any project
or other properties or assets, including, without limitation, proceeds from the securities,
investment income and insurance, and condemnation proceeds, owned by it, all as may be provided
or specified in the resolution of the board authorizing the securities or the indenture under
which issued. The principal of and interest, and premium, if any, on any securities issued
by the authority shall be secured by a pledge of the revenues out of which the same are payable
and may be secured by an indenture conveying as security for the securities all or any part
of its property, which indenture may be subject to foreclosure. (b) Any indenture executed
on behalf of the authority and any resolution of the board...
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6-8-64
Section 6-8-64 Costs of publication - Rates; Internet publication; applicability of section.
(a) The rate charged for publication of a public notice shall not exceed the lowest classified
rate paid by or published on a rate card for commercial customers for an advertisement of
similar size, and frequency in the same newspapers in which the public notice appears. The
lowest classified rate paid by or published on a rate card for commercial customers for such
advertisements shall be calculated to also include all cash discounts, multiple insertion
discounts, and any other commercial contract benefits for which the public notice also qualifies.
(b) The newspaper publishing the notice shall place the notice on its own website, if it publishes
a website, and a statewide website at no additional charge to government or to the party in
interest or at whose instance the publication of a legal notice is to be given. The amount
charged for the notice shall include publication in the print...
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