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34-27-52
Section 34-27-52 Acts constituting violation of article - Failure to keep certain items among
business records. It shall be a violation of this article for any owner or business entity
offering vacation time-sharing plans for sale to the public to fail to keep among its business
records the following: (1) A copy of each item required to be submitted to the commission
under Section 34-27-51. (2) A copy of the contract from each sale of the vacation time-sharing
plan, which contract shall be retained for a period of at least three years after parties
to the vacation time-sharing plan have completely performed all of their obligations thereunder.
(3) A list of all employees and independent contractors involved in the development, sale,
or advertising of the vacation time-sharing plan or plans, including their last known mailing
addresses, which list shall include all current employees and all previous employees whose
employment has been terminated within the preceding 36 months. (Acts...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27-52.htm - 1K - Match Info - Similar pages
34-27-63
Section 34-27-63 Filing of plan relating to units not substantially completed requires filing
of additional documents. If a seller files with the commission any vacation time-sharing plan
or any amendment thereto which describes or concerns time-sharing units, accommodations, or
facilities not substantially completed, the seller shall file with the commission the following:
(1) A notarized statement showing all costs involved in completing each phase of the project.
(2) A notarized statement of the time of completion of construction of each phase of the project.
(3) Satisfactory evidence of sufficient funds to cover all costs to complete the project.
(4) A copy of the executed construction contract and any other contracts for the completion
of the project. (5) A 100 percent payment performance bond payable to the State of Alabama
from a surety company authorized to do business in Alabama, covering the entire cost of construction
necessary to complete the project. (6) If purchasers'...
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7-8-307
Section 7-8-307 Purchaser's right to requisites for registration of transfer. Unless otherwise
agreed, the transferor of a security on due demand shall supply the purchaser with proof of
authority to transfer or with any other requisite necessary to obtain registration of the
transfer of the security, but if the transfer is not for value, a transferor need not comply
unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable
time to comply with the demand, the purchaser may reject or rescind the transfer. (Acts 1996,
No. 96-742, p. 1241, §1.)...
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34-27-56
Section 34-27-56 Acts constituting violation of article - Misrepresentation. It shall be a
violation of this article for any seller of vacation time-sharing plans, or his or her assignees,
to misrepresent in any manner the buyer's right to cancel provided by this article. (Acts
1983, No. 83-670, p. 1035, §7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27-56.htm - 617 bytes - Match Info - Similar pages
7-8-316
Section 7-8-316 (Effective Until January 1, 1997) Purchaser's right to requisites for registration
of transfer on books. Unless otherwise agreed the transferor must on due demand supply his
purchaser with any proof of his authority to transfer or with any other requisite which may
be necessary to obtain registration of the transfer of the security but if the transfer is
not for value a transferor need not do so unless the purchaser furnishes the necessary expenses.
Failure to comply with a demand made within a reasonable time gives the purchaser the right
to reject or rescind the transfer. (Acts 1965, No. 549, p. 811.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-8-316.htm - 928 bytes - Match Info - Similar pages
45-8A-22.135
Section 45-8A-22.135 Amendment and termination. (a) Amendment of the Plan. (1) The retirement
board shall have the right at any time to amend the plan, subject to the limitations of this
section. Any such amendment must be consistent with this subpart, any other legislation relating
to the trust, and consistent with other authority granted to the retirement board. Additionally,
in the event that the Legislature amends this subpart or makes other statutory changes that
impact the terms of the plan, the retirement board shall cause the plan to be amended as necessary
to reflect such legislation. (2) Any amendment which affects the rights, duties, or responsibilities
of the trustee may only be made with the trustee's written consent. Any such amendment shall
become effective as provided therein upon its execution. The trustee shall not be required
to execute an amendment unless such amendment affects the duties of the trustee hereunder.
(3) Except as otherwise specifically provided for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.135.htm - 2K - Match Info - Similar pages
5-12A-11
Section 5-12A-11 Management and control of fund; ownership of assets. The trust institution
shall have the exclusive management and control of each common trust fund administered by
it and the sole right at any time to sell, convert, exchange, transfer or otherwise change
or dispose of the assets comprising the same. The ownership of such assets shall be solely
in the trust institution as fiduciary and shall be considered as assets held by it as fiduciary.
A trust institution shall not invest any of its own funds in a common trust fund administered
by it or by an affiliated trust institution; and, if the trust institution, because of a creditor
relationship or any other reason, acquires any interest in a participation in such common
trust fund, the participation shall be withdrawn on the first date on which such withdrawal
can be effected; however, in no case shall an unsecured advance to a participant until the
time of the next withdrawal be deemed to constitute the acquisition of an...
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37-13-9
Section 37-13-9 Cooperation of cities, counties, etc. For the purpose of aiding and cooperating
with an authority in the planning, development, undertaking, construction, extension, improvement
or operation of railroad properties and facilities, any county, city, town or other political
subdivision, public corporation, agency or instrumentality of this state may, upon such terms
and with or without consideration, as it may determine: (1) Lend or donate money to an authority;
(2) Cause water, sewer or drainage facilities, or any other facilities which it is empowered
to provide, to be furnished adjacent to or in connection with such railroad properties and
facilities; (3) Donate, sell, convey, transfer or lease to an authority any land, property,
franchise, grant easement, license or lease, which it may own; (4) Donate, transfer, assign,
sell or convey to an authority any right, title or interest which it may have in any lease,
contract, agreement, license or property; (5) Furnish,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-13-9.htm - 1K - Match Info - Similar pages
37-14-38
Section 37-14-38 Validation procedure; authorization for validation of provisions of article.
In order to foster and encourage the underlying policies of this article and to assure that
sales and purchases of distribution facilities, and other transactions and actions authorized
or allowed by this article may be conducted in good faith with a knowledge of the validity
of the provisions hereof, and further, to assure that irrevocable commitments are not made
in the implementation of the provisions of this article without the assurance of their legality
and validity, the following judicial review process is hereby authorized and it is declared
to be the legislative intent that the provisions of this statute be judicially reviewed and
validated pursuant to the procedure set forth herein and that the circuit court enter a judgment
in accordance with the procedure set forth herein. (1) FILING OF COMPLAINT FOR DETERMINATION
AS TO LEGALITY OF PROVISIONS OF ARTICLE. - At any time subsequent to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-14-38.htm - 10K - Match Info - Similar pages
9-17-33
Section 9-17-33 Disposition of proceeds from sale of oil or gas production. (a) As used in
this section, the following terms shall have the following meanings: (1) CHECK STUB. The financial
record attached to a check, included with a check, or mailed separately at or near the time
the check is mailed. (2) DIVISION ORDER. A contract between the interest owner and the purchaser,
operator, or the owner of the right to drill and to produce, directing the distribution of
the value from the sale of the oil, gas, and other liquid hydrocarbons in the proportions
set out in the division order, which division order is prepared by the purchaser, operator,
and/or the owner of the right to drill and to produce on the basis of the ownership shown
in a title opinion prepared after examination of abstracts or based on other generally acceptable
legal ownership documentation and which is executed by the interest owners or others having
an interest in the production. (3) INTEREST OWNER. A person owning...
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