7-5-115
Section 7-5-115 Statute of limitations. An action to enforce a right or obligation arising
under this article must be commenced within two years after the expiration date of the relevant
letter of credit or one year after the cause of action accrues, whichever occurs later. A
cause of action accrues when the breach occurs, regardless of the aggrieved party's lack of
knowledge of the breach. (Acts 1997, No. 97-702, p. 1427, §1.)...
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6-5-624
Section 6-5-624 Limitation on time for commencement of action. Any civil action for damages
for disparagement of perishable agricultural or aquacultural food products or commodities
shall be commenced within one year after the cause of action accrues. (Acts 1993, 1st Ex.
Sess., No. 93-892, p. 175, §5.)...
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5-5A-42
Section 5-5A-42 Adverse claims to deposits. Notice to any bank of an adverse claim to a deposit
standing on its books to the credit of any person shall not be effectual to cause said bank
to recognize said adverse claimant unless said adverse claimant shall also either procure
a restraining order, injunction or other appropriate process against said bank from a court
of competent jurisdiction in a civil action therein instituted by such claimant wherein the
person to whose credit the deposit stands is made a party and served with summons or shall
execute to said bank in form and with sureties acceptable to it, a bond indemnifying said
bank from any and all liability, loss, damage, costs and expenses for and on account of the
payment or recognition of such adverse claim or the dishonor of or failure to pay the check
or failure to comply with other order of the person to whose credit the deposit stands on
the books of said bank; provided, that this section shall not apply in any instance...
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6-5-753
Section 6-5-753 Commencement of action. (a) All actions against a manufacturer in tort, contract,
or otherwise for death or injury to person or damage to property arising out of an accident
shall be commenced within two years next after a cause of action accrues, and not thereafter.
Causes of action for wrongful death accrue upon the death of the testator or intestate. (b)
Notwithstanding subsection (a), and except as provided in subsections (c) and (d), no action
for death or injury to a person or damage to property arising out of an accident may be brought
against a manufacturer if any of the following circumstances apply: (1) The accident occurred
after the applicable repose period beginning on either: a. The date of delivery of the aircraft
to its first purchaser or lessee, if delivered directly from the manufacturer. b. The date
of first delivery of the aircraft to a person engaged in the business of selling or leasing
such aircraft. (2) The accident occurred with respect to any...
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7-4-104
Section 7-4-104 Definitions and index of definitions. (a) In this article, unless the context
otherwise requires: (1) "Account" means any deposit or credit account with a bank,
including a demand, time, savings, passbook, share draft, or like account, other than an account
evidenced by a certificate of deposit; (2) "Afternoon" means the period of a day
between noon and midnight; (3) "Banking day" means the part of a day on which a
bank is open to the public for carrying on substantially all of its banking functions; (4)
"Clearing house" means an association of banks or other payors regularly clearing
items; (5) "Customer" means a person having an account with a bank or for whom a
bank has agreed to collect items, including a bank that maintains an account at another bank;
(6) "Documentary draft" means a draft to be presented for acceptance or payment
if specified documents, certificated securities (Section 7-8-102) or instructions for uncertificated
securities (Section 7-8-308), or...
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6-5-221
Section 6-5-221 Limitation on time for commencement of action. (a) All civil actions in tort,
contract, or otherwise against any architect or engineer performing or furnishing the design,
planning, specifications, testing, supervision, administration, or observation of any construction
of any improvement on or to real property, or against builders who constructed, or performed
or managed the construction of, an improvement on or to real property designed by and constructed
under the supervision, administration, or observation of an architect or engineer, or designed
by and constructed in accordance with the plans and specifications prepared by an architect
or engineer, for the recovery of damages for: (i) Any defect or deficiency in the design,
planning, specifications, testing, supervision, administration, or observation of the construction
of any such improvement, or any defect or deficiency in the construction of any such improvement;
or (ii) Damage to real or personal property...
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41-14-33
Section 41-14-33 Contracts covering time deposits, open account; early withdrawal; apportionment;
payment and rate of interest. (a) The State Treasurer is authorized to enter into contracts
with the state depositories for the deposit of state funds in time deposits, open account,
having maturities of 91 days, six months, or one year; provided that any such contract for
a time deposit, open account, having a maturity of 91 days shall provide for early withdrawal
of funds upon written notice delivered at least 14 days (or the minimum period of time as
is prescribed by applicable banking regulation then in effect) prior to the date of withdrawal.
(b) The State Treasurer shall apportion the time deposits, open account, among state depositories,
giving preference to banks that are located in Alabama and giving due consideration to the
activities of the various banking accounts maintained therein, the reasonable value of the
banking services rendered or to be rendered the state by depositary...
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34-14-9
Section 34-14-9 Complaint and hearing; appeal; disciplinary actions. (a) Any person wishing
to make a complaint against a licensee or apprentice under this chapter shall reduce the same
to writing and file his or her complaint with the board within one year from the date of the
action upon which the complaint is based. If the board investigates and determines the charges
made in the complaint are sufficient to warrant a hearing to determine whether the license
issued under this chapter shall be suspended or revoked, it shall make an order fixing a time
and place for a hearing and require the licensee complained against to appear and defend against
the complaint. The order shall have annexed thereto a copy of the complaint. The order and
copy of the complaint shall be served upon the licensee at least 20 days before the date set
for hearing, either personally or by registered or certified mail sent to the licensee's last
known address. Continuances or adjournment of hearing date shall...
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7-4A-106
Section 7-4A-106 Time payment order is received. (a) The time of receipt of a payment order
or communication cancelling or amending a payment order is determined by the rules applicable
to receipt of a notice stated in Section 7-1-202. A receiving bank may fix a cut-off time
or times on a funds-transfer business day for the receipt and processing of payment orders
and communications cancelling or amending payment orders. Different cut-off times may apply
to payment orders, cancellations, or amendments, or to different categories of payment orders,
cancellations, or amendments. A cut-off time may apply to senders generally or different cut-off
times may apply to different senders or categories of payment orders. If a payment order or
communication cancelling or amending a payment order is received after the close of a funds-transfer
business day or after the appropriate cut-off time on a funds-transfer business day, the receiving
bank may treat the payment order or communication as...
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32-7-11
Section 32-7-11 Custody, disposition and return of security. Security deposited in compliance
with the requirements of this chapter shall be placed by the director in the custody of the
State Treasurer and shall be applicable only to the payment of a judgment or judgments rendered
against the person or persons on whose behalf the deposit was made, for damages arising out
of the accident in question in an action at law, begun not later than the period of time provided
in Section 6-2-38(l), with regard to actions for injury to the person or rights of another
not arising from contract, or any successor statute of limitations, for general negligence,
following the date of such accident or within the period of time following the date of deposit
of any security under subdivision (3) of Section 32-7-8, or to the payment in settlement agreed
to by the depositor of a claim or claims arising out of such accident. Such deposit or any
balance thereof shall be returned to the depositor or his or...
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