Code of Alabama

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8-6-140
Section 8-6-140 Definitions. For the purposes of this article, the following words have the
following meanings unless the context otherwise requires: (1) BENEFICIARY FORM. A registration
of a security which indicates the present owner of the security and the intention of the owner
regarding the person who will become the owner of the security upon the death of the owner.
(2) DEVISEE. Any person designated in a will to receive a disposition of real or personal
property. (3) HEIRS. Those persons, including the surviving spouse, who are entitled under
the statutes of intestate succession to the property of a decedent. (4) PERSON. An individual,
a corporation, an organization, or other legal entity. (5) PERSONAL REPRESENTATIVE. Includes
executor, administrator, successor personal representative, special administrator, and persons
who perform substantially the same function under the law governing their status. (6) PROPERTY.
Includes both real and personal property or any interest therein...
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8-6-2
Section 8-6-2 Definitions. When used in this article, unless the context otherwise requires,
the following terms shall have the meanings respectively ascribed to them by this section:
(1) COMMISSION or SECURITIES COMMISSION. The securities commission. (2) AGENT. Any individual
other than a dealer who represents a dealer or issuer in effecting or attempting to effect
sales of securities, but such term does not include an individual who represents an issuer
in: a. Effecting a transaction in a security exempted by subdivisions (1), (2), (3), (4),
(9) or (10) of Section 8-6-10; b. Effecting transactions exempted by Section 8-6-11; or c.
Effecting transactions with existing employees, partners, or directors of the issuer if no
commission or other remuneration is paid or given directly or indirectly for soliciting any
person in this state. A partner, officer, or director of a dealer or issuer is an agent if
he otherwise comes within this definition. (3) DEALER. Any person engaged in the...
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10A-2-1.40
Section 10A-2-1.40 Definitions applicable to business corporations. In this chapter: REPEALED
IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (1) "Articles of incorporation" include amended and restated articles
of incorporation and, in the case of a corporation existing on January 1, 1981, its certificate
of incorporation, including any amended certificate, and also include, except where the context
otherwise requires, articles of merger. The term "articles of incorporations" as
used in this chapter is synonymous with the term "certificate of formation" employed
in Chapter 1. (2) "Authorized shares" means the shares of all classes a domestic
or foreign business corporation is authorized to issue. (3) "Corporation" or "domestic
corporation" means a business corporation, which is not a foreign corporation, incorporated
under or subject to the provisions of this chapter. (4) "Distribution" means a direct
or indirect...
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10A-2A-1.40
solely by reason of the stockholder's capacity as a stockholder. (f) The date and time of the
effectiveness of a notice delivered in accordance with Section 10A-2A-1.41, is determined
by Section 10A-2A-1.41. (25) MEANS denotes an exhaustive definition. (26) MEMBERSHIP means
the rights of a member in a nonprofit corporation or foreign nonprofit corporation. (27) MERGER
means a transaction pursuant to Section 10A-2A-11.02. (28) ORGANIZATIONAL DOCUMENTS means
the public organic record and private organizational documents of a corporation, foreign
corporation, or eligible entity. (29) PRINCIPAL OFFICE means the office (in or out of this
state) so designated in the annual report where the principal executive offices of a corporation
or foreign corporation are located. (30) PRIVATE ORGANIZATIONAL DOCUMENTS means (i)
the bylaws of a corporation, foreign corporation, nonprofit corporation, or foreign nonprofit
corporation, or (ii) the rules, regardless of whether in writing, that govern...
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7-1-201
Section 7-1-201 General definitions. (a) [Reserved]. (b) Subject to additional definitions
contained in the subsequent articles of this title which are applicable to specific articles
or parts thereof, and unless the context otherwise requires, in this title: (1) "Action,"
in the sense of a judicial proceeding, includes recoupment, counterclaim, set-off, suit in
equity, and any other proceeding in which rights are determined. (2) "Aggrieved party"
means a party entitled to pursue a remedy. (3) "Agreement," as distinguished from
"contract," means the bargain of the parties in fact, as found in their language
or inferred from other circumstances, including course of performance, course of dealing,
or usage of trade as provided in Section 7-1-303. (4) "Bank" means a person engaged
in the business of banking and includes a savings bank, savings and loan association, credit
union, and trust company. (5) "Bearer" means a person in possession of a negotiable
instrument, document of title, or...
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45-9-243.40
of the other, provided that the appropriate sales or use tax, if any was due, has been paid
on such item of personal property, and provided personal property to any person other than
any such sister, parent, or subsidiary corporation, any privilege or license tax due and payable
with respect to such subsequent subleasing under the provisions hereof shall be paid; (12)
The gross proceeds accruing from the leasing or rental of any tangible personal property by
a lessee which is a public or private hospital, nursing home, or health care facility,
or by a lessee which is an exempt organization; (13) The gross proceeds accruing from the
leasing or rental of medical equipment; (14) The gross proceeds accrued or accruing from any
leases or rental contracts in effect before August 1, 1989, provided, however, that the exemption
hereby afforded shall not apply to any renewal or extension of such leases or contracts and
shall not apply to gross proceeds accruing after one year from the first...
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43-8-1
Puerto Rico, and any territory or possession subject to the legislative authority of the United
States. (29) SUCCESSOR PERSONAL REPRESENTATIVE. A personal representative who is appointed
to succeed a previously appointed personal representative. (30) SUCCESSORS. Those persons,
other than creditors, who are entitled to property of a decedent under his will or this chapter.
(31) TESTACY PROCEEDING. A proceeding to establish a will or determine intestacy. (32) TRUST.
Includes any express trust, private or charitable, with additions thereto, wherever
and however created. It also includes a trust created or determined by judgment or decree
under which the trust is to be administered in the manner of an express trust. "Trust"
excludes other constructive trusts, and it excludes resulting trusts, guardianships, curatorships,
personal representatives, custodial arrangements pursuant to chapter 5 of Title 35, business
trusts providing for certificates to be issued to beneficiaries, common trust...
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16-33C-6
the keeping of records, the management of bank accounts and other investments, the transfer
of funds, and the safekeeping of securities evidencing investments. The PACT Trust Fund is
hereby created as the source for payment of the PACT Program's obligations under PACT contracts.
The amounts on deposit in the PACT Trust Fund shall not constitute property of the state,
and the state may have no claim or interest in them. Payments which are received by the PACT
Program from any public or private source, except those which are payments of administrative
fees, shall be prudently placed in the PACT Trust Fund. In order to provide funds to enable
the PACT Program to pay amounts due under the terms of its PACT contracts, there is irrevocably
pledged to that purpose from the PACT Trust Fund the monies necessary to pay those amounts.
A PACT contract and any other contract entered into by or on behalf of the trust, does not
constitute a debt or obligation of the state, and no participant...
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19-3B-103
Section 19-3B-103 Definitions. In this chapter: (1) ACTION, with respect to an act of a trustee,
includes a failure to act. (2) ASCERTAINABLE STANDARD means a standard relating to an individual's
health, education, support, or maintenance within the meaning of Section 2041(b)(1)(A) or
2514(c)(1) of the Internal Revenue Code of 1986, as in effect on January 1, 2007, or as later
amended. (3) BENEFICIARY means a person that: (A) has a present or future beneficial interest
in a trust, vested or contingent; or (B) in a capacity other than that of trustee, holds a
power of appointment over trust property. (4) CHARITABLE TRUST means a trust, or portion of
a trust, created for a charitable purpose described in Section 19-3B-405(a). (5) CONSERVATOR
means a person appointed by the court to administer the estate of a minor or adult individual.
(6) ENVIRONMENTAL LAW means a federal, state, or local law, rule, regulation, or ordinance
relating to protection of the environment. (7) GUARDIAN means a...
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26-1A-102
Section 26-1A-102 Definitions. In this chapter: (1) "Agent" means a person granted
authority to act for a principal under a power of attorney, whether denominated an agent,
attorney-in-fact, or otherwise. The term includes an original agent, co-agent, successor agent,
and a person to which an agent's authority is delegated. (2) "Durable," with respect
to a power of attorney, means not terminated by the principal's incapacity. (3) "Electronic"
means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic,
or similar capabilities. (4) "Good faith" means honesty in fact. (5) "Incapacity"
means inability of an individual to manage property or business affairs because the individual:
(A) has an impairment in the ability to receive and evaluate information or make or communicate
decisions even with the use of technological assistance; or (B) is: (i) missing; (ii) detained,
including incarcerated in a penal system; or (iii) outside the United States and...
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