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45-2-22.02
Section 45-2-22.02 Definitions. (a) The following words or phrases, or the plural thereof,
whenever they appear in this part, unless the context clearly requires otherwise, shall have
the meaning ascribed to them in this section: (1) AGREEMENT. Any agreement between
a wholesaler and a supplier, whether oral or written, whereby a wholesaler is granted the
right to purchase and sell a brand or brands of wine sold by a supplier. (2) ANCILLARY BUSINESS.
A business owned by a wholesaler, or by a substantial partner of a wholesaler, the primary
business of which is directly related to the transporting, storing, or marketing of the brand
or brands of wine of a supplier with whom the wholesaler has an agreement; or a business owned
by a wholesaler, a substantial stockholder of a wholesaler, or a substantial partner of a
wholesaler which recycles empty beverage containers. (3) DESIGNATED MEMBER. The spouse, child,
grandchild, parent, brother, or sister of a deceased individual who owned an...
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45-37-21.03
Section 45-37-21.03 Definitions. (a) The following words or phrases, or the plural thereof,
whenever they appear in this part, unless the context clearly requires otherwise, shall have
the meaning ascribed to them in this section: (1) AGREEMENT. Any agreement between
a wholesaler and a supplier, whether oral or written, whereby a wholesaler is granted the
right to purchase and sell a brand or brands of wine sold by a supplier. (2) ANCILLARY BUSINESS.
A business owned by a wholesaler, or by a substantial partner of a wholesaler, the primary
business of which is directly related to the transporting, storing, or marketing of the brand
or brands of wine of a supplier with whom the wholesaler has an agreement; or a business owned
by a wholesaler, a substantial stockholder of a wholesaler, or a substantial partner of a
wholesaler which recycles empty beverage containers. (3) DESIGNATED MEMBER. The spouse, child,
grandchild, parent, brother, or sister of a deceased individual who owned an...
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45-49-23.01
Section 45-49-23.01 Definitions. (a) The following words or phrases, or the plural thereof,
whenever they appear in this part, unless the context clearly requires otherwise, shall have
the meaning ascribed to them in this section: (1) AGREEMENT. Any agreement between
a wholesaler and a supplier, whether oral or written, whereby a wholesaler is granted the
right to purchase and sell a brand or brands of wine sold by a supplier. (2) ANCILLARY BUSINESS.
A business owned by a wholesaler, or by a substantial partner of a wholesaler, the primary
business of which is directly related to the transporting, storing, or marketing of the brand
or brands of wine of a supplier with whom the wholesaler has an agreement; or a business owned
by a wholesaler, a substantial stockholder of a wholesaler, or a substantial partner of a
wholesaler which recycles empty beverage containers. (3) DESIGNATED MEMBER. The spouse, child,
grandchild, parent, brother, or sister of a deceased individual who owned an...
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13A-10-60
Section 13A-10-60 Definitions. (a) The definitions contained in Section 13A-10-1
are applicable in this article unless the context otherwise requires. (b) The following definitions
also apply to this article: (1) BENEFIT. Any gain or advantage to the beneficiary, including
any gain or advantage to a third person pursuant to the desire or consent of the beneficiary.
(2) PECUNIARY BENEFIT. Benefit in the form of money, property, commercial interests or anything
else the primary significance of which is economic gain. Expenses associated with social occasions
afforded public servants and party officers shall not be deemed a pecuniary benefit within
the meaning of this article. (3) PUBLIC SERVANT. As used in this article, such term includes
persons who presently occupy the position of a public servant, as defined in Section
13A-10-1(7), or have been elected, appointed or designated to become a public servant although
not yet occupying that position. (4) PARTY OFFICER. A person who holds...
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19-3A-409
Section 19-3A-409 Deferred compensation, annuities, and similar payments. (a) In this
section: (1) "Payment" means a payment that a fiduciary may receive over
a fixed number of years or during the life of one or more individuals because of services
rendered or property transferred to the payer in exchange for future payments. The term includes
a payment made in money or property from the payer's general assets or from a separate fund
created by the payer. For purposes of subsections (d), (e), (f), and (g), the term also includes
any payment from any separate fund, regardless of the reason for the payment. (2) "Separate
fund" includes a private or commercial annuity, an individual retirement account, and
a pension, profit-sharing, stock-bonus, or stock-ownership plan. (b) To the extent that a
payment or portion thereof is characterized by other sections of this chapter as income in
the hands of the payer, a fiduciary shall allocate such payment or portion thereof to income.
The...
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19-3B-802
Section 19-3B-802 Duty of loyalty. (a) A trustee shall administer the trust solely in
the interests of the beneficiaries. (b) Subject to the rights of persons dealing with or assisting
the trustee as provided in Section 19-3B-1012, a sale, encumbrance, or other transaction
involving the investment or management of trust property entered into by the trustee for the
trustee's own personal account or which is otherwise affected by a conflict between the trustee's
fiduciary and personal interests is voidable by a beneficiary affected by the transaction
unless: (1) the transaction was authorized by the terms of the trust; (2) the transaction
was approved by the court; (3) the beneficiary did not commence a judicial proceeding within
the time allowed by Section 19-3B-1005; (4) the beneficiary consented to the trustee's
conduct, ratified the transaction, or released the trustee in compliance with Section
19-3B-1009; or (5) the transaction involves a contract entered into or claim acquired by...
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19-3B-902
Section 19-3B-902 Standard of care; portfolio strategy; risk and return objectives.
(a) A trustee shall invest and manage trust assets as a prudent investor would, by considering
the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying
this standard, the trustee shall exercise reasonable care, skill, and caution. (b) A trustee's
investment and management decisions respecting individual assets must be evaluated not in
isolation but in the context of the trust portfolio as a whole and as a part of an overall
investment strategy having risk and return objectives reasonably suited to the trust. (c)
Among circumstances that a trustee may consider in investing and managing trust assets are
such of the following as are relevant to the trust or its beneficiaries: (1) general economic
conditions; (2) the possible effect of inflation or deflation; (3) the expected tax consequences
of investment decisions or strategies; (4) the role that each investment...
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35-12-71
Section 35-12-71 Definitions. As used in this article, unless the context otherwise
requires, the following terms shall have the meanings respectively ascribed to them by this
section: (1) APPARENT OWNER. A person whose name appears on the records of a holder
as the person entitled to property held, issued, or owing by the holder. (2) BUSINESS ASSOCIATION.
A corporation, joint stock company, investment company, partnership, unincorporated association,
joint venture, limited liability company, business trust, trust company, safe deposit company,
financial organization, insurance company, mutual fund, utility, or other business entity
consisting of one or more persons, whether or not for profit. (3) DOMICILE. The state of incorporation
of a corporation and the state of the principal place of business of a holder other than a
corporation. (4) FINANCIAL ORGANIZATION. A savings and loan association, building and loan
association, industrial loan organization, credit union, cooperative bank,...
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40-18-24.2
Section 40-18-24.2 Taxation of pass-through entities. (a) For purposes of this section
and Section 40-18-24.3, the following terms shall have the following meanings: (1)
MEMBER. An individual, estate, trust or business trust as defined in Section 40-18-1,
a corporation as defined in Section 40-18-1, or Subchapter K entity as defined in Section
40-18-1, that is a partner in a general, limited, limited liability, or limited liability
limited partnership, or a member of a limited liability company. (2) NONRESIDENT. a. An individual
who is not a resident of or domiciled in this state during the applicable tax year. b. A nonresident
trust as defined in Section 40-18-1. c. A nonresident estate as defined in Section
40-18-1. d. A foreign corporation as defined in Section 40-18-1, not commercially domiciled
in this state during the applicable tax year. e. A Subchapter K entity or business trust that
is created or organized under the laws of a jurisdiction other than this state and that is
not...
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40-23-1
Section 40-23-1 Definitions; transactions considered or not considered sales. (a) For
the purpose of this division, the following terms shall have the respective meanings ascribed
by this section: (1) PERSON or COMPANY. Used interchangeably, includes any individual,
firm, copartnership, association, corporation, receiver, trustee, or any other group or combination
acting as a unit and the plural as well as the singular number, unless the intention to give
a more limited meaning is disclosed by the context. (2) DEPARTMENT. The Department of Revenue
of the State of Alabama. (3) COMMISSIONER. The Commissioner of Revenue of the State of Alabama.
(4) TAX YEAR or TAXABLE YEAR. The calendar year. (5) SALE or SALES. Installment and credit
sales and the exchange of properties as well as the sale thereof for money, every closed transaction
constituting a sale. Provided, however, a transaction shall not be closed or a sale completed
until the time and place when and where title is transferred by...
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