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35-6-101
Section 35-6-101 Appointment of appraisers; report. In such circumstances as described in section
35-6-100, and in the event the parties cannot reach agreement as to the price, the value of
the interest or interests to be sold shall be determined by one or more competent real estate
appraisers or commissioners, as the court shall approve, appointed for such purpose by the
court. The appraisers or commissioners appointed under this section shall make their report
in writing to the court within 30 days after their appointment. (Acts 1979, No. 79-334, p.
532, §2.)...
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8-19A-12
Section 8-19A-12 Oral disclosures. (a) Within the first 30 seconds of a telephone call, a commercial
telephone seller or salesperson shall identify himself or herself by stating his or her true
name, the company on whose behalf the solicitation is being made, and the consumer goods or
services being sold. (b) If a sale or an agreement to purchase is completed, the commercial
telephone seller shall inform the purchaser of his or her cancellation rights as provided
in this chapter, state the license number issued by the division for both the commercial telephone
seller and the salesperson, and give the street address of the commercial telephone seller.
(c) All oral disclosures required by this section shall be made in a clear and intelligible
manner. (Acts 1994, No. 94-650, p. 1220, §12.)...
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8-37-2
Section 8-37-2 (Effective January 1, 2018) Definitions. For the purposes of this chapter, the
following words have the following meanings: (1) ADMINISTRATOR. A person, other than an insurer
or creditor, that performs administrative or operational functions pursuant to guaranteed
asset protection waiver programs. (2) BORROWER. A debtor, retail buyer or lessee, under a
finance agreement. (3) CREDITOR means any of the following: a. The lender in a loan or credit
transaction. b. The lessor in a lease transaction. c. Any retail seller of motor vehicles
in a retail installment transaction. d. The seller in commercial retail installment transactions.
e. The assignees of any of the foregoing to whom the credit or lease obligation is payable.
(4) FINANCE AGREEMENT. A loan, lease, or retail installment sales contract for the purchase
or lease of a motor vehicle. (5) FREE LOOK PERIOD. The period of time from the effective date
of the GAP waiver until the date the borrower may cancel the GAP...
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11-97-16
Section 11-97-16 Utility services agreements; incurring indebtedness by governmental users;
enforceability of utility services agreements. (a) Any county or municipality, or any instrumentality
of either thereof, if authorized by resolution or ordinance of its governing body, may enter
into one or more utility services agreements with a provider or providers pursuant to which
such provider or providers shall provide one or more utility services for, or for the benefit
of, any such governmental user that is a party to such utility services agreement. Any such
utility services agreement may provide for the purchase by the governmental user thereunder
of all or any part of the capacity, capability, or output of the facilities used to provide
the applicable utility services. Since the receipt of utility services by a governmental user
pursuant to a utility services agreement affords such governmental user the benefits of such
utility services without the burdens of ownership and operation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-16.htm - 5K - Match Info - Similar pages
35-8A-411
Section 35-8A-411 Release of liens. (a) In the case of a sale of a unit where delivery of an
offering statement is required pursuant to Section 35-8A-402(c) or a disclosure is made pursuant
to Section 35-8A-407, a seller shall record or furnish to the purchaser releases of all liens
or an agreement to release any liens that encumber that unit and its common element interest,
except liens on real estate that a declarant has the right to withdraw from the condominium,
that the purchaser does not expressly agree in a written contract of sale which specifically
identifies such lien and its amount to take subject to or assume, or provide a surety bond
or substitute collateral for or insurance against the lien in the manner provided for liens
on real estate in Section 35-11-233(b). (b) In conveying real estate to the association the
declarant shall have that real estate released from: (i) all liens the foreclosure of which
would deprive unit owners of any right of access to or easement of...
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6-5-485
Section 6-5-485 Settlement of disputes by arbitration. (a) After a physician, dentist, medical
institution, or other health care provider has rendered services, or failed to render services,
to a patient out of which a claim has arisen, the parties thereto may agree to settle such
dispute by arbitration. Such agreement must be in writing and signed by both parties. Any
such agreement shall be valid, binding, irrevocable, and enforceable, save upon such grounds
as exist in law or in equity for the revocation of any contract. (b) Pursuant to the provisions
of this section, the claimant shall select one competent and disinterested arbitrator, and
the party or parties against whom the claim is made shall select one competent and disinterested
arbitrator. The two arbitrators so named shall select a third arbitrator, or, if unable to
agree thereon within 30 days, then, upon request of any party, such third arbitrator shall
be selected by a judge of a court of record in the county in which...
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6-5-575
Section 6-5-575 Settlement of disputes by voluntary arbitration. (a) After a legal service
provider has rendered services, or failed to render services, to a client out of which a claim
has arisen, the parties thereto may agree to settle such dispute by arbitration. Such agreement
must be in writing and signed by both parties. Any such agreement shall be valid, binding,
irrevocable, and enforceable, save upon such grounds as exist in law or in equity for the
revocation of any contract. (b) Pursuant to the provisions of this section, the claimant shall
select one competent and disinterested arbitrator, and the party or parties against whom the
claim is made shall select one competent and disinterested arbitrator. The two arbitrators
so named shall select a third arbitrator, or, if unable to agree thereon within 30 days, then
upon request of any party, such third arbitrator shall be selected by a judge of a court of
record in the county in which the arbitration is pending. The...
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7-9A-201
Section 7-9A-201 General effectiveness of security agreement. (a) General effectiveness. Except
as otherwise provided in the Uniform Commercial Code, a security agreement is effective according
to its terms between the parties, against purchasers of the collateral, and against creditors.
(b) Applicable consumer laws and other law. A transaction subject to this article is subject
to any applicable rule of law which establishes a different rule for consumers and to (i)
any other statute or regulation that regulates the rates, charges, agreements, and practices
for loans, credit sales, or other extensions of credit and (ii) any consumer-protection statute
or regulation. (c) Other applicable law controls. In case of conflict between this article
and a rule of law, statute, or regulation described in subsection (b), the rule of law, statute,
or regulation controls. Failure to comply with a statute or regulation described in subsection
(b) has only the effect the statute or regulation...
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10A-1-4.13
Section 10A-1-4.13 Abandonment before effectiveness. (a) The parties to a filing instrument
may abandon the filing instrument if the instrument has not taken effect. (b) To abandon a
filing instrument the parties to the instrument must file with the filing officer a certificate
of abandonment. (c) A certificate of abandonment must: (1) be signed on behalf of each entity
that is a party to the action or transaction by the person authorized by this title to act
on behalf of the entity; (2) state the nature of the filing instrument to be abandoned, the
date of the instrument, and the parties to the instrument; and (3) state that the filing instrument
has been abandoned in accordance with the agreement of the parties. (d) On the filing of the
certificate of abandonment, the action or transaction evidenced by the original filing instrument
is abandoned and may not take effect. (e) If in the interim before a certificate of abandonment
is filed, the name of an entity that is a party to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-4.13.htm - 1K - Match Info - Similar pages
11-104-4
Section 11-104-4 Trustees. (a) A governmental entity or entities may retain as a trustee any
financial institution, committee, association, person, or persons which it deems capable,
competent, experienced, and appropriate for serving in such capacity. (b) The powers and duties
of the trustee shall be evidenced in and determined by the written trust agreement between
the trustee and the governmental entity or entities. (c) The trustee shall cause the annual
financial statements of the trust to be prepared in accordance with generally accepted accounting
principles and an audit by a qualified independent certified accounting firm to be conducted
of those financial statements of each respective trust for each fiscal year in accordance
with generally accepted auditing standards. (d) Reasonable trustee fees and the reasonable
expenses of holding, making, and disposing of investments, such as brokerage commissions,
legal expenses referable to a particular transaction, transfer taxes, and...
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