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32-7-27
to this section and the director shall not accept the certificate unless accompanied by evidence
that there are no unsatisfied judgments of any character against the depositor in the county
where the depositor resides. (b) The deposit shall be held by the State Treasurer to satisfy,
in accordance with the provisions of this chapter, any execution on a judgment issued against
the person making the deposit, for damages, including damages for care and loss of services,
because of bodily injury to or death of any person, or for damages because of injury
to or destruction of property, including the loss of use of property resulting from the ownership,
maintenance, use, or operation of a motor vehicle after the deposit was made. Money or securities
so deposited shall not be subject to attachment or execution unless the attachment or execution
shall arise out of an action for damages as provided in this subsection. (Acts 1951, No. 704,
p. 1224, ยง25; Acts 1993, 1st Ex. Sess., No....
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39-2-12
Section 39-2-12 Partial and final payments of contractors by awarding authorities. (a) As used
in this section the following words shall have the meanings ascribed to them as follows: (1)
CONTRACTOR. Any natural person, partnership, company, firm, corporation, association, limited
liability company, cooperative, or other legal entity licensed by the Alabama State Licensing
Board for General Contractors. (2) NONRESIDENT CONTRACTOR. A contractor which is neither a.
organized and existing under the laws of the State of Alabama, nor b. maintains its principal
place of business in the State of Alabama. A nonresident contractor which has maintained a
permanent branch office within the State of Alabama for at least five continuous years shall
not thereafter be deemed to be a nonresident contractor so long as the contractor continues
to maintain a branch office within Alabama. (3) RETAINAGE. That money belonging to the contractor
which has been retained by the awarding authority conditioned on...
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35-12-71
Section 35-12-71 Definitions. As used in this article, unless the context otherwise requires,
the following terms shall have the meanings respectively ascribed to them by this section:
(1) APPARENT OWNER. A person whose name appears on the records of a holder as the person entitled
to property held, issued, or owing by the holder. (2) BUSINESS ASSOCIATION. A corporation,
joint stock company, investment company, partnership, unincorporated association, joint venture,
limited liability company, business trust, trust company, safe deposit company, financial
organization, insurance company, mutual fund, utility, or other business entity consisting
of one or more persons, whether or not for profit. (3) DOMICILE. The state of incorporation
of a corporation and the state of the principal place of business of a holder other than a
corporation. (4) FINANCIAL ORGANIZATION. A savings and loan association, building and loan
association, industrial loan organization, credit union, cooperative bank,...
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7-9A-102
term includes: (A) proceeds to which a security interest attaches; (B) accounts, chattel paper,
payment intangibles, and promissory notes that have been sold; and (C) goods that are the
subject of a consignment. (13) "Commercial tort claim" means a claim arising in
tort with respect to which: (A) the claimant is an organization; or (B) the claimant is an
individual and the claim: (i) arose in the course of the claimant's business or profession;
and (ii) does not include damages arising out of personal injury to or the death
of an individual. (14) "Commodity account" means an account maintained by a commodity
intermediary in which a commodity contract is carried for a commodity customer. (15) "Commodity
contract" means a commodity futures contract, an option on a commodity futures contract,
a commodity option, or another contract if the contract or option is: (A) traded on or subject
to the rules of a board of trade that has been designated as a contract market for such a
contract...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-102.htm - 29K - Match Info - Similar pages
27-43-9
of which it is filed. The department shall not approve any bond under the terms of which the
protection afforded against insolvency is not equivalent to the protection afforded by those
securities provided for in subsection (a) of this section. (c) Securities or bonds posted
pursuant to this section shall be for the benefit of and subject to action thereon in the
event of insolvency or impairment of any legal service insurance corporation by any person
or persons sustaining an actionable injury due to the failure of the corporation to
faithfully perform its obligations to its insureds. (d) The state shall be responsible for
the safekeeping of all securities deposited with the Treasurer of the State under this chapter.
Such securities shall not, on account of being in this state, be subject to taxation, but
shall be held exclusively and solely to guarantee the legal service insurance corporation's
performance of its obligations to its insureds. (e) Such deposit or bond shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-43-9.htm - 4K - Match Info - Similar pages
27-3-11
Section 27-3-11 Deposit requirements - Generally. (a) The commissioner shall not issue or permit
to exist a certificate of authority as to any insurer, other than an alien insurer, unless
it has deposited and maintains deposited in trust with the Treasurer of this state cash or
securities eligible under Section 27-6-3 and having a value at all times of not less than
$100,000.00 or the minimum paid-in capital stock, if a stock insurer, or surplus, if a mutual
or reciprocal insurer, required to be maintained by the insurer under this title for authority
to transact the kinds of insurance to be transacted, whichever is the smaller amount. (b)
The deposit shall be for the general benefit and protection of the insurer's policyholders
or its policyholders and creditors. (c) In lieu of such deposit, or part thereof, in this
state of a foreign insurer, the commissioner shall, subject to the retaliatory law, Section
27-3-29, accept the current certificate in proper form of the public official...
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32-7-31
director. (b) The director shall not consent to the cancellation of any bond or the return
of any money or securities in the event any action for damages upon a liability covered by
such proof is then pending or any judgment upon any such liability is then unsatisfied or
in the event the person who has filed such bond or deposited such money or securities has
within one year immediately preceding such request been involved as an operator or owner in
any motor vehicle accident resulting in injury or damage to the person or property
of others. An affidavit of the applicant as to the nonexistence of such facts, or that he
or she has been released from all of his or her liability or has been finally adjudicated
not to be liable for such injury or damage shall be sufficient evidence thereof in
the absence of evidence to the contrary in the records of the director. (c) Whenever any person
whose proof has been cancelled or returned under subdivision (3) of subsection (a) of this
section...
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22-21-370
as the deposit in lieu of which it is filed. The department shall not approve any bond under
the terms of which the protection afforded against insolvency is not equivalent to the protection
afforded by those securities provided for in subsection (a). (c) Securities or bonds posted
pursuant to this section shall be for the benefit of and subject to action thereon in the
event of insolvency or impairment of any dental service plan corporation by any person or
persons sustaining an actionable injury due to the failure of the corporation to faithfully
perform its obligations to its subscribers. (d) The commissioner shall be responsible for
the safekeeping of all securities. Said securities under this section shall be deposited with
the State Treasurer. Such securities shall not, on account of being in this state, be subject
to taxation, but shall be held exclusively and solely to guarantee the dental service plan
corporation's performance of its obligations to its subscribers. (e) Such...
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32-7-11
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 her personal...
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36-17-3
Section 36-17-3 Duties generally. The powers, functions, and duties of the Treasurer shall
be: (1) To receive all moneys due the state and deposit them in the proper accounts. (2) To
perform the functions and duties now authorized by law with respect to state depositaries.
(3) To pay all warrants duly executed by the Comptroller, and to pay for funds electronically
transferred by the Comptroller in accordance with Section 41-4-50, upon the determination
that there is sufficient money for the payment thereof in the fund upon which they are drawn.
No warrant executed by any other person shall be honored. All checks drawn on the state funds
shall be signed by the Treasurer, or the chief clerk in the office, and countersigned by the
special assistant in the office of the Treasurer, who is appointed by the Treasurer with the
approval of the Governor. Another employee may be designated by the Treasurer, with the approval
of the Governor, to countersign checks in the absence of the special...
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