Code of Alabama

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40-22-2
Section 40-22-2 Mortgages, deeds of trust, etc., generally. No mortgage, deed of trust, contract
of conditional sale, or other instrument of like character which is given to secure the payment
of any debt which conveys any real or personal property situated within this state or any
interest therein or any security agreement or financing statement provided for by the Uniform
Commercial Code, except a security agreement or a financing statement relating solely to security
interests in accounts, contract rights, or general intangibles, as such terms are defined
in the Uniform Commercial Code, and except for the re-recordation of corrected mortgages,
deeds, or instruments executed for the purpose of perfecting the title to real or personal
property, specifically, but not limited to, corrections of maturity dates thereof, shall be
received for record or for filing in the office of any probate judge of this state unless
the following privilege or license taxes shall have been paid upon such...
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39-2-11
Section 39-2-11 Proceedings upon failure of successful bidders to execute contracts and furnish
bonds, etc.; death of a low bidder; effect of failure of awarding authorities to complete
execution of contracts and issue proceed orders; withdrawal of low bid upon discovery of mistake.
(a) Should the successful bidder or bidders to whom a contract is awarded fail to execute
a contract and furnish acceptable contract securities and evidence of insurance as required
by law within the period as set forth in Section 39-2-8, the awarding authority shall retain
from the proposal guaranty, if it is a cashier's check, or recover from the principal or the
sureties, if the guaranty is a bid bond, the difference between the amount of the contract
as awarded and the amount of the proposal of the next lowest bidder. If no other bids are
received, the full amount of the proposal guaranty shall be so retained or recovered as liquidated
damages for such default. Any sums so retained or recovered shall be...
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27-38-2
Section 27-38-2 Variable contracts - Statement of procedures for determining benefits; death
benefit provision. (a) Any variable contract providing benefits payable in variable amounts
delivered, or issued for delivery, in this state shall contain a statement of the essential
features of the procedures to be followed by the insurer in determining the dollar amount
of such variable benefits. Any such contract, including a group contract, and any certificate
in evidence of variable benefits issued thereunder shall state that such dollar amount will
vary to reflect investment experience and shall contain on its first page a statement to the
effect that the benefits thereunder are on a variable basis. (b) Variable annuity contracts
delivered, or issued for delivery, in this state may include as an incidental benefit provision
for payment on death during the deferred period of an amount not in excess of the greater
of the sum of the premiums or stipulated payments paid under the contract or...
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27-14-25
Section 27-14-25 Receipt and giving of acquittance and discharge for payment by minors. (a)
Any minor domiciled in this state who has attained the age of 18 years shall be deemed competent
to receive and to give full acquittance and discharge for a payment, or payments, in aggregate
amount not exceeding $3,000.00 in any one year, made by a life insurer under the maturity,
death, or settlement agreement provisions in effect or elected by such minor under a life
insurance policy or annuity contract, provided such policy, contract, or agreement shall provide
for the payment, or payments, to such minor and if, prior to such payment, the insurer has
not received written notice of the appointment of a duly qualified guardian of the property
of such minor. No such minor shall be deemed competent to alienate the right to, or to anticipate,
such payments. This section shall not be deemed to restrict the rights of minors set forth
in Section 27-14-5. (b) This section shall not be deemed to...
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11-50A-17
Section 11-50A-17 Contracts for use of projects; purchase of electric power; payment of charges;
indemnity; enforcement of performance. (a) Any municipality, if authorized by resolution or
ordinance of its governing body, may contract with the authority for the payment of any rates,
tolls, fees, and other charges prescribed in this section and Section 11-50A-18 by the authority
for the output, capacity, use or service by the municipality of any projects or other resources
of the authority or any of its facilities or undertakings. The obligations to pay the amounts
contracted to be paid by the municipality to the authority under the contract or contracts
entered into pursuant to the provisions of this section shall be treated as expenses of operating
the electric distribution system of the municipality for the payment of which the revenues
of the municipality derived from the operation of its electric distribution system (together
with any other revenues that may be lawfully pledged...
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15-13-160
Section 15-13-160 Qualifications - Professional bail companies. No professional bail company
shall execute or become surety on any appearance bond in this state, unless it has an order
granting authorization to become professional surety on any bail. The order granting authorization
shall be reissued annually prior to January 1 of each year by the presiding circuit judge
of the county in which the company desires to execute bail or appearance bonds. Prior to the
judge's issuance of the original order and no later than December 1 of each year, thereafter,
professional bail companies shall submit annually to the presiding circuit judge the following:
(1) An original corporate surety bond or escrow agreement, filed and approved by the presiding
circuit judge of the county in which the professional bail company executes or becomes surety
on appearance bonds, in the amount of $25,000, guaranteeing the payment of all sums of money
that may become due by virtue of any judgment absolute that...
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16-33C-7
Section 16-33C-7 PACT contracts. (a) Each PACT contract shall include, but shall not be limited
to, the following terms: (1) The amount and the number of contract payments required from
a purchaser on behalf of a designated beneficiary. (2) The terms and conditions under which
purchasers shall remit contract payments, including, but not limited to, the date or dates
upon which each contract payment shall be due. (3) Provisions for late payment charges and
for default. (4) Provisions for withdrawal from the PACT Program, including refunds and any
penalty therefor. (5) The name and date of birth of the designated beneficiary on whose behalf
a contract is drawn. (6) Terms and conditions under which another person may be subsequently
substituted for the designated beneficiary originally named. (7) The name of the person entitled
to terminate the PACT contract, the terms and conditions under which a PACT contract may be
terminated, and the name of the person entitled to any refund due as a...
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26-10B-8
Section 26-10B-8 Department to provide coverage and benefits not provided by residence state;
procedure for reimbursement. The State Department of Human Resources shall provide coverage
and benefits for a child who is in another state and who is covered by an adoption assistance
agreement made by the State Department of Human Resources for coverage or benefits, if any,
not provided by the residence state. To this end, the adoptive parents acting for the child
must obtain prior approval from the State Department of Human Resources and may submit evidence
of payment for services or benefit amounts not payable in the residence state and shall be
reimbursed therefor. However, there shall be no reimbursement for services or benefit amounts
covered under any insurance or other third party medical contract or arrangement held by the
child or the adoptive parents. The State Department of Human Resources shall make regulations
implementing this section. Among other things, such regulations...
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33-2-126
Section 33-2-126 General provisions relative to inland facilities bonds. In order to provide
funds for the purposes of this article, there are hereby authorized to be sold and issued
bonds of the state not exceeding $2,000,000.00 in aggregate principal amount, under and subject
to the provisions hereinafter set forth. The bonds shall be designated as inland facilities
bonds of the state. The bonds shall be general obligations of the state for payment of the
principal of and interest on which the full faith and credit of the state are hereby irrevocably
pledged. The bonds may be issued from time to time in one or more series, shall bear an appropriate
series designation, shall be in such form and denominations and of such tenor and maturities,
shall bear such rate or rates of interest payable in such manner, may contain provisions for
redemption prior to maturity, and may contain other provisions not inconsistent herewith,
all as shall be set forth in an order or resolution of the...
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33-2-156
Section 33-2-156 General provisions relative to inland facilities bonds. In order to provide
funds for the purposes of this article, there are hereby authorized to be sold and issued
bonds of the state not exceeding $10,000,000.00 in aggregate principal amount, under and subject
to the provisions hereinafter set forth. The bonds shall be designated as inland facilities
bonds of the state, series 1970. The bonds shall be general obligations of the state for payment
of the principal of and interest on which the full faith and credit of the state are hereby
irrevocably pledged. The bonds may be issued from time to time in one or more series, shall
bear an appropriate series designation, shall be in such form and denominations and of such
tenor and maturities, shall bear such rate of interest payable in such manner, may contain
provisions for redemption prior to maturity, and may contain other provisions not inconsistent
herewith, all as shall be set forth in an order or resolution of the...
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