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35-8A-416
Section 35-8A-416 Declarant's obligation to complete and restore. (a) Except for improvements
labeled, "NEED NOT BE BUILT" the declarant shall complete all improvements depicted
on any site plan or graphic representation including plats or plans prepared pursuant to section
35-8A-209, whether or not that site plan or other graphic representation is contained in the
offering statement or any promotional material distributed by or for the declarant. (b) The
declarant is subject to liability for the prompt repair and restoration, to a condition compatible
with the remainder of the condominium, of any portion of the condominium affected by the declarant's
exercise of rights reserved pursuant to or created by sections 35-8A-210 through 35-8A-213,
35-8A-215, and 35-8A-216. (Acts 1990, No. 90-551, p. 858, ยง4-116.)...
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35-8A-220
Section 35-8A-220 Master associations. (a) If the declaration for a condominium provides that
any of the powers described in Section 35-8A-302 are to be exercised by or may be delegated
to a profit or nonprofit corporation which exercises those or other powers on behalf of one
or more condominiums or for the benefit of the unit owners of one or more condominiums, all
provisions of this chapter applicable to unit owners' associations apply to any such corporation
with regard to such delegated power except as modified by this section. (b) Unless it is acting
in the capacity of an association described in Section 35-8A-301, a master association may
exercise the powers set forth in Section 35-8A-302(a)(2) only to the extent expressly permitted
in the declarations of condominiums which are part of the master association or expressly
described in the delegations of power from those condominiums to the master association. (c)
If the declaration of any condominium provides that the board may...
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35-8A-401
Section 35-8A-401 Applicability; waiver. (a) This article applies to all units subject to this
chapter, except as provided in subsection (b) or as modified or waived in writing by agreement
of purchasers of units in a condominium in which all units are restricted to nonresidential
use. (b) Neither an offering statement nor a resale certificate need be prepared or delivered
in the case of: (1) A gratuitous disposition of a unit; (2) A transfer pursuant to court order;
(3) A disposition by a government or governmental agency; (4) A transfer by foreclosure or
disposition by deed in lieu of foreclosure; (5) A disposition to a person in the business
of selling real estate who intends to offer those units to purchasers where the responsibility
for preparing and delivering the offering statement has been transferred to the person pursuant
to subsection (b) of Section 35-8A-402; (6) A disposition that may be canceled at any time
and for any reason by the purchaser without penalty; or (7) A...
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9-17-83
Section 9-17-83 Order requiring unit operation - Contents. The order shall be fair and reasonable
under all the circumstances, shall protect the rights of interested parties and shall include:
(1) A description of the area embraced, termed the unit area, and a description of the pool
or pools or portions thereof affected and lying within the unit area, termed the unit pool.
(2) A statement of the nature of the operations contemplated. (3) An allocation among the
separately owned interests derived from or associated with tracts in the unit area of all
the oil or gas, or both, produced from the unit pool within the unit area, and not required
in the conduct of such operation or unavoidably lost, such allocation to be based on the relative
contribution which each such tract or interest is expected to make during the course of such
operation, to the total production of oil or gas, or both, so allocated. (4) A provision for
adjustment among the owners of the unit area (not including royalty...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-17-83.htm - 6K - Match Info - Similar pages
26-2A-136
Section 26-2A-136 Permissible court orders. (a) The court shall exercise the authority conferred
in this division to encourage the development of maximum self-reliance and independence of
a protected person and make protective orders only to the extent necessitated by the protected
person's mental and adaptive limitations and other conditions warranting the procedure. (b)
The court has the following powers that may be exercised directly or through a conservator
in respect to the estate and business affairs of a protected person: (1) While a petition
for appointment of a conservator or other protective order is pending and after preliminary
hearing and without notice, the court may preserve and apply the property of the person to
be protected as may be required for the support of the person or dependents of the person.
(2) After hearing and upon determining that a basis for an appointment or other protective
order exists with respect to a minor without other disability, the court has...
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35-8A-316
Section 35-8A-316 Lien for assessments. (a) The association has a lien on a unit for any assessment
and any other moneys due the association for special assessments or services or charges, such
as water or repairs, levied against that unit or fines imposed against its unit owner from
the time the assessment or fine becomes due. The association's lien may be foreclosed in like
manner as a mortgage on real estate provided the declaration is in conformity with Article
1A of Chapter 10 of this title and subject to the rights under Article 14A of Chapter 5 of
Title 6. The association shall send reasonable advance notice of its proposed action to the
unit owner and all lienholders of record of the unit. Unless the declaration otherwise provides,
fees, charges, late charges, fines, and interest charged pursuant to Section 35-8A-302(a)(10),
(11), and (12) are enforceable as assessments under this section. If an assessment is payable
in installments, the full amount of the assessment is a lien...
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9-16-5
Section 9-16-5 Permit for engaging in surface mining operations - Application; issuance. (a)
Any operator desiring a permit shall file an application with the department upon a form furnished
by the department containing all of the following: (1) A brief description of the tract or
tracts of land and the estimated number of acres to be affected by the applicant's surface
mining thereon during the permit period. The description shall include the section, township,
range, and county in which the land is located and shall otherwise describe the land with
sufficient clarity so it may be located and distinguished from other lands. The description
shall also include a description of access to the area from the nearest public highway (2)
A statement by the applicant that the applicant has the right and power by legal estate owned
to mine by surface mining the land so described. The statement shall set forth by reference
the source of the applicant's right and power to so mine. (3) A statement...
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27-29-3
Section 27-29-3 Acquisition of control of, or merger with, domestic insurers. (a)(1) No person
other than the issuer shall make a tender offer for or a request or invitation for tenders
of, or enter into any agreement to exchange securities for, seek to acquire, or acquire in
the open market any voting security of a domestic insurer if, after the consummation thereof,
such person would, directly or indirectly, or by conversion or by exercise of any right to
acquire, be in control of such insurer, and no person shall enter into an agreement to merge
with or otherwise to acquire control of a domestic insurer, or any person controlling a domestic
insurer unless, at the time any such offer, request, or invitation is made or any such agreement
is entered into, or prior to the acquisition of such securities if no offer or agreement is
involved such person has filed with the commissioner and has sent to such insurer a statement
containing the information required by this section and such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-29-3.htm - 17K - Match Info - Similar pages
35-4-434
Section 35-4-434 Disclosure. (a) Any contract for the sale of real property subject to a private
transfer fee obligation shall include a provision disclosing the existence of that obligation,
a description of the obligation, and a statement that private transfer fee obligations are
subject to certain prohibitions under this article. A contract for sale of real property which
does not conform to the requirements of this section is not enforceable by the seller against
the buyer, nor is the buyer liable to the seller for damages under such a contract, and the
buyer under the contract is entitled to the return of all deposits made in connection with
the sale of the real property. (b) Where a private transfer fee obligation is not disclosed
under subsection (a) and a buyer subsequently discovers the existence of the private transfer
fee obligation after title to the property has passed to the buyer, the buyer has the right
to recover both: (1) Any and all damages resulting from the failure...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-4-434.htm - 2K - Match Info - Similar pages
9-14A-6
Section 9-14A-6 Powers. The corporations created in Sections 9-14A-4 and 9-14A-5 shall each
have the following powers: (a) To have succession by its corporate name without time limit.
(b) To sue and be sued and to prosecute and defend, at law or in equity, in any court having
jurisdiction of the subject matter and of the parties. (c) To have and to use a corporate
seal and to alter the same at pleasure. (d) To receive, take and hold by sale, gift, lease,
devise or otherwise, real and personal estate of every description, and to manage the same.
(e) To exercise the right of eminent domain as freely and completely as, and in the same manner
as, the state is empowered to exercise such right. (f) To sell and issue for the state bonds
and refunding bonds as provided in this chapter. (g) To appoint and employ such attorneys,
accountants, financial advisors, underwriters, trustees, depositories, registrars and other
advisors, agents and independent contractors as the business of the...
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