Search is not available for this dataset
url stringlengths 42 388 | state stringclasses 51
values | path stringlengths 83 10.4k | title stringlengths 34 2.24k | content stringlengths 0 2.39M |
|---|---|---|---|---|
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-143/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-143 - Registration - Designation of a Beneficiary. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › Section 8-6-143 - Registration - Designation of a Beneficiary. | Section 8-6-143
Registration - Designation of a beneficiary.
A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.
(Acts 1997, No. 97-7... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-144/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-144 - Registration - Applicable Language. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › Section 8-6-144 - Registration - Applicable Language. | Section 8-6-144
Registration - Applicable language.
Registration in beneficiary form may be shown by the words "transfer on death" or the abbreviation "TOD," or by the words "pay on death" or the abbreviation "POD," after the name of the registered owner and before the name of a beneficiary.
(Acts 1997, No. 97-703, p. ... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-145/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-145 - Designation of Tod; Registration Cancelled or Changed. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › Section 8-6-145 - Designation of Tod; Registration Cancelled or Changed. | Section 8-6-145
Designation of TOD; registration cancelled or changed.
The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death. A registration of a security in beneficiary form may be cancelled or changed at any time by the sole owner or all then sur... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-146/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-146 - Death of Owner. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › Section 8-6-146 - Death of Owner. | Section 8-6-146
Death of owner.
On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to the beneficiary or beneficiaries who survive all owners. On proof of death of all owners and compliance with any applicable requirements of the registering... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-147/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-147 - Assent of Owner; Discharge From Claims. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › Section 8-6-147 - Assent of Owner; Discharge From Claims. | Section 8-6-147
Assent of owner; discharge from claims.
(a) A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity, the owner requesting registration in beneficiary form assents to the p... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-148/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-148 - Transfer on Death. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › Section 8-6-148 - Transfer on Death. | Section 8-6-148
Transfer on death.
(a) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this article and is not testamentary.
(b) This article does not limit the rights of creditors of... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-149/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-149 - Terms and Conditions of Registration. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › Section 8-6-149 - Terms and Conditions of Registration. | Section 8-6-149
Terms and conditions of registration.
(a) A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests (1) for registrations in beneficiary form, and (2) for implementation of registrations in beneficiary form, incl... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-150/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-150 - Short Title; Construction. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › Section 8-6-150 - Short Title; Construction. | Section 8-6-150
Short title; construction.
(a) This article shall be known as and may be cited as the Uniform TOD Security Registration Act.
(b) This article shall be liberally construed and applied to promote its underlying purposes and policy and to make uniform the laws with respect to the subject of this article am... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-6/section-8-6-151/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 6 - Uniform Transfer on Death Security Registration Act.›Section 8-6-151 - Application. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 6 - Uniform Transfer on Death Security Registration Act. › Section 8-6-151 - Application. | Section 8-6-151
Application.
This article applies to registrations of securities in beneficiary form made before or after August 1, 1997, by decedents dying on or after August 1, 1997.
(Acts 1997, No. 97-703, p. 1451, §12.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-7/section-8-6-170/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act.›Section 8-6-170 - Short Title. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act. › Section 8-6-170 - Short Title. | Section 8-6-170
Short title.
This article shall be known and may be cited as the Protection of Vulnerable Adults from Financial Exploitation Act.
(Act 2016-141, §1.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-7/section-8-6-171/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act.›Section 8-6-171 - Definitions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act. › Section 8-6-171 - Definitions. | Section 8-6-171
Definitions.
In this article, unless the context otherwise requires, the following words and terms shall have the following meanings:
(1) AGENT. The same meaning as in subdivision (2) of Section 8-6-2.
(2) BROKER-DEALER. The same meaning as in subdivision (3) of Section 8-6-2.
(3) COMMISSION. The Alabam... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-7/section-8-6-172/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act.›Section 8-6-172 - Notification of Department and Commission - Disclosure of Information. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act. › Section 8-6-172 - Notification of Department and Commission - Disclosure of Information. | Section 8-6-172
Notification of department and commission - Disclosure of information.
If a qualified individual reasonably believes that financial exploitation of a vulnerable adult may have occurred, may have been attempted, or is being attempted, the qualified individual shall promptly notify the department and the ... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-7/section-8-6-173/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act.›Section 8-6-173 - Notification of Department and Commission - Liability. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act. › Section 8-6-173 - Notification of Department and Commission - Liability. | Section 8-6-173
Notification of department and commission - Liability.
A qualified individual that in good faith and exercising reasonable care makes a disclosure of information pursuant to Section 8-6-172 shall be immune from administrative or civil liability that might otherwise arise from such disclosure or for any ... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-7/section-8-6-174/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act.›Section 8-6-174 - Notification of Certain Third Parties - Disclosure of Information. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act. › Section 8-6-174 - Notification of Certain Third Parties - Disclosure of Information. | Section 8-6-174
Notification of certain third parties - Disclosure of information.
If a qualified individual reasonably believes that financial exploitation of a vulnerable adult may have occurred, may have been attempted, or is being attempted, the qualified individual may notify a reasonably associated individual, le... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-7/section-8-6-175/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act.›Section 8-6-175 - Notification of Certain Third Parties - Liability. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act. › Section 8-6-175 - Notification of Certain Third Parties - Liability. | Section 8-6-175
Notification of certain third parties - Liability.
A qualified individual that, in good faith and exercising reasonable care, complies with Section 8-6-174 shall be immune from any administrative or civil liability that might otherwise arise from such disclosure.
(Act 2016-141, §6.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-7/section-8-6-176/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act.›Section 8-6-176 - Delay of Disbursement - Authorized. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act. › Section 8-6-176 - Delay of Disbursement - Authorized. | Section 8-6-176
Delay of disbursement - Authorized.
(a) A broker-dealer or investment adviser may delay a disbursement from an account of a vulnerable adult or an account on which a vulnerable adult is a beneficiary if:
(1) The broker-dealer, investment adviser, or qualified individual reasonably believes, after initia... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-7/section-8-6-177/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act.›Section 8-6-177 - Delay of Disbursement - Liability. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act. › Section 8-6-177 - Delay of Disbursement - Liability. | Section 8-6-177
Delay of disbursement - Liability.
A broker-dealer or investment adviser that, in good faith and exercising reasonable care, complies with Section 8-6-176 shall be immune from any administrative or civil liability that might otherwise arise from such delay in a disbursement in accordance with this secti... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-7/section-8-6-178/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act.›Section 8-6-178 - Access to and Availability of Records. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act. › Section 8-6-178 - Access to and Availability of Records. | Section 8-6-178
Access to and availability of records.
A broker-dealer or investment adviser shall provide access to or copies of records that are relevant to the suspected or attempted financial exploitation of a vulnerable adult to agencies charged with administering state adult protective services laws and to law en... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-7/section-8-6-179/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act.›Section 8-6-179 - Rulemaking Authority. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 7 - Protection of Vulnerable Adults From Financial Exploitation Act. › Section 8-6-179 - Rulemaking Authority. | Section 8-6-179
Rulemaking authority.
The commission, from time to time, may make, amend, and rescind such rules pursuant to the Alabama Administrative Procedure Act and prescribe such forms as are necessary and desirable to carry out the provisions of this article. No rules or forms may be made or prescribed unless th... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-8/section-8-6-190/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021›Section 8-6-190 - Short Title. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021 › Section 8-6-190 - Short Title. | Section 8-6-190
Short title.
This article shall be known and may be cited as the Elderly and Vulnerable Adult Financial Protection Act of 2021.
(Act 2021-78, §1.) |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-8/section-8-6-191/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021›Section 8-6-191 - Legislative Findings. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021 › Section 8-6-191 - Legislative Findings. | Section 8-6-191
Legislative findings.
The Legislature finds that instances of financial exploitation are on the rise in Alabama and elsewhere, particularly among elderly and vulnerable adults. The Legislature recognizes that while financial institutions are uniquely positioned to potentially uncover instances of financ... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-8/section-8-6-192/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021›Section 8-6-192 - Definitions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021 › Section 8-6-192 - Definitions. | Section 8-6-192
Definitions.
As used in this article, unless the context requires otherwise, the following terms have the following meanings:
(1) ACCOUNT. Funds or assets held by a financial service provider, including, but not limited to, a deposit account, checking account, money market account, savings account, shar... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-8/section-8-6-193/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021›Section 8-6-193 - Authority to Refuse or Delay Execution of a Financial Transaction. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021 › Section 8-6-193 - Authority to Refuse or Delay Execution of a Financial Transaction. | Section 8-6-193
Authority to refuse or delay execution of a financial transaction.
(a)(1) If a financial service provider has reasonable cause to suspect that financial exploitation may have occurred, may have been attempted, or is being attempted, the financial service provider may, but is not required to, refuse or d... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-8/section-8-6-194/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021›Section 8-6-194 - Financial Service Provider Authorized to Contact Certain Individuals or Entities ... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021 › Section 8-6-194 - Financial Service Provider Authorized to Contact Certain Individuals or Entities Upon Suspicion of Financial Exploitation; Di... | Section 8-6-194
Financial service provider authorized to contact certain individuals or entities upon suspicion of financial exploitation; disclosure of information.
(a) A financial service provider may offer to a customer who is an elderly or vulnerable adult the opportunity to submit and periodically update a list of... |
https://law.justia.com/codes/alabama/title-8/chapter-6/article-8/section-8-6-195/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 6 - Securities.›Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021›Section 8-6-195 - Construction and Application of Article. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 6 - Securities. › Article 8 - Elderly and Vulnerable Adult Financial Protection Act of 2021 › Section 8-6-195 - Construction and Application of Article. | Section 8-6-195
Construction and application of article.
(a) All laws or parts of laws which conflict with this article are repealed. Notwithstanding the previous sentence, nothing in this article shall be construed as altering or amending Article 7, commencing with Section 8-6-170, of Chapter 6, the Protection of Vuln... |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-1 - Short Title. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-1 - Short Title. | Section 8-7-1
Short title.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §1.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-2 - Definitions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-2 - Definitions. | Section 8-7-2
Definitions.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §2.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-3 - License - Required. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-3 - License - Required. | Section 8-7-3
License - Required.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §3.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-4 - License - Exemptions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-4 - License - Exemptions. | Section 8-7-4
License - Exemptions.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §4.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-5 - License - Application. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-5 - License - Application. | Section 8-7-5
License - Application.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §5.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-6 - License - Investigation Fee; License Fee. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-6 - License - Investigation Fee; License Fee. | Section 8-7-6
License - Investigation fee; license fee.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §6; Acts 1991, No. 91-320, p. 584, §2.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-7 - License - Certified Financial Statement; Surety Bond or Deposit of Securities; List... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-7 - License - Certified Financial Statement; Surety Bond or Deposit of Securities; List of Offices, Etc. | Section 8-7-7
License - Certified financial statement; surety bond or deposit of securities; list of offices, etc.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §7.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-8 - License - Issuance. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-8 - License - Issuance. | Section 8-7-8
License - Issuance.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §8.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-9 - License Fees. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-9 - License Fees. | Section 8-7-9
License fees.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §9.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-10 - Employees, Agents or Representatives of Licensees. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-10 - Employees, Agents or Representatives of Licensees. | Section 8-7-10
Employees, agents or representatives of licensees.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §10.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-11 - Annual and Supplemental Listings of Offices, etc.; Adjustment of Surety Bond or Dep... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-11 - Annual and Supplemental Listings of Offices, etc.; Adjustment of Surety Bond or Deposit. | Section 8-7-11
Annual and supplemental listings of offices, etc.; adjustment of surety bond or deposit.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §11.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-12 - Procedure for Denial or Revocation of License; Judicial Review. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-12 - Procedure for Denial or Revocation of License; Judicial Review. | Section 8-7-12
Procedure for denial or revocation of license; judicial review.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §12.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-13 - Grounds for Revocation of Licenses. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-13 - Grounds for Revocation of Licenses. | Section 8-7-13
Grounds for revocation of licenses.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1960, Ex. Sess., No. 177, p. 2142, §13.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-14 - Increase of Surety Bond or Deposit. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-14 - Increase of Surety Bond or Deposit. | Section 8-7-14
Increase of surety bond or deposit.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §14.) |
https://law.justia.com/codes/alabama/title-8/chapter-7/section-8-7-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7 - Sale of Checks.›Section 8-7-15 - Penalties for Violation of Provisions of Chapter. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7 - Sale of Checks. › Section 8-7-15 - Penalties for Violation of Provisions of Chapter. | Section 8-7-15
Penalties for violation of provisions of chapter.
Repealed by Act 2017-389, §1, effective August 1, 2017.
(Acts 1961, Ex. Sess., No. 177, p. 2142, §15.) |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-1 - Short Title. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-1 - Short Title. | Section 8-7A-1
Short title.
This chapter may be cited as the Alabama Monetary Transmission Act.
(Act 2017-389, §2.) |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-2 - Definitions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-2 - Definitions. | Section 8-7A-2
Definitions.
For purposes of this chapter, the following terms shall have the following meanings:
(1) AGENT or AUTHORIZED DELEGATE. Any person designated or employed by a licensee under this chapter to provide monetary transmission services on behalf of the licensee.
(2) APPLICANT. Any person that files ... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-3 - Exclusions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-3 - Exclusions. | Section 8-7A-3
Exclusions.
This chapter does not apply to any of the following:
(1) The United States or a department, agency, or instrumentality thereof.
(2) The transmission of money by the United States Postal Service or by a contractor on behalf of the United States Postal Service.
(3) A state, county, city, or any... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-4 - Exemptions From Licensing. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-4 - Exemptions From Licensing. | Section 8-7A-4
Exemptions from licensing.
Sections 8-7A-5 to 8-7A-15, inclusive, shall not apply to any of the following persons:
(1) A person that provides clearance or settlement services pursuant to a registration as a clearing agency or an exemption from such registration granted under the federal securities laws.
... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-5 - License Required. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-5 - License Required. | Section 8-7A-5
License required.
(a) A person may not engage in the business of money transmission or advertise, solicit, or hold itself out as providing money transmission unless the person meets one of the following requirements:
(1) Is licensed under this chapter.
(2) Is an authorized delegate of a person licensed u... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-6 - Application for License. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-6 - Application for License. | Section 8-7A-6
Application for license.
(a) A person applying for a license under this chapter shall do so in a form and in a medium prescribed by the commission. The application shall contain all of the following information:
(1) The legal name, the residential address of the applicant if the applicant is an individua... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-7 - Security. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-7 - Security. | Section 8-7A-7
Security.
(a) A licensee shall maintain a surety bond, letter of credit, or other similar security in an amount, determined by rule or order of the commission, sufficient to secure faithful performance of the obligations of the licensee with respect to money transmission in Alabama.
(b) Security must be ... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-8 - Issuance of License. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-8 - Issuance of License. | Section 8-7A-8
Issuance of license.
(a) When an application is filed under this chapter, the commission shall investigate the applicant's financial condition and responsibility, financial and business experience, character, and general fitness. The commission may conduct an on-site investigation of the applicant, the r... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-9 - Renewal of License. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-9 - Renewal of License. | Section 8-7A-9
Renewal of license.
(a) All licenses under this chapter shall expire on March 31 of the calendar year.
(b) A licensee under this chapter shall pay an annual renewal fee no later than March 15. The renewal fee shall be established by rule of the commission and shall not be less than five hundred dollars (... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-10 - Net Worth. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-10 - Net Worth. | Section 8-7A-10
Net worth.
A licensee under this chapter shall maintain a net worth of at least twenty-five thousand dollars ($25,000) determined in accordance with generally accepted accounting principles.
(Act 2017-389, §2.) |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-11 - Relationship Between Licensee and Authorized Delegate. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-11 - Relationship Between Licensee and Authorized Delegate. | Section 8-7A-11
Relationship between licensee and authorized delegate.
(a) A contract between a licensee and an authorized delegate shall require the authorized delegate to operate in full compliance with this chapter.
(b) The licensee shall establish, furnish, and enforce policies and procedures sufficient to ensure t... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-12 - Examinations. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-12 - Examinations. | Section 8-7A-12
Examinations.
(a) The commission may conduct an annual examination of a licensee or of any of its authorized delegates.
(b) The commission may examine a licensee or its authorized delegate, at any time, if the commission has reason to believe that the licensee or authorized delegate is engaging in an un... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-13 - Reports. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-13 - Reports. | Section 8-7A-13
Reports.
(a) A licensee shall file a report to the commission within 15 business days of any material change in information provided in a licensee's application.
(b) A licensee shall file a report with the commission within five business days after the licensee has reason to know of the occurrence of an... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-14 - Records. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-14 - Records. | Section 8-7A-14
Records.
(a) A licensee shall maintain all of the following records for determining its compliance with this chapter:
(1) A record of each payment instrument or stored-value obligation sold.
(2) A general ledger posted at least monthly containing all assets, liabilities, capital, income, and expense acc... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-15 - Suspension and Revocation. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-15 - Suspension and Revocation. | Section 8-7A-15
Suspension and revocation.
(a) The commission, by order, may suspend or revoke a license or order a licensee to revoke the designation of an authorized delegate, with or without prior notice, if the commission finds that such an order is in the best interest of the public, and any of the following circu... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-16 - Unauthorized Activities. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-16 - Unauthorized Activities. | Section 8-7A-16
Unauthorized activities.
A person may not provide monetary transmission services on behalf of a person required to be licensed who is not licensed under this chapter. The commission, by rule or order, may further define unauthorized activities.
(Act 2017-389, §2.) |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-17/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-17 - Orders to Cease and Desist and Other Injunctive or Civil Relief. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-17 - Orders to Cease and Desist and Other Injunctive or Civil Relief. | Section 8-7A-17
Orders to cease and desist and other injunctive or civil relief.
(a) If the commission determines that any person has engaged in or is about to engage in any act or practice constituting a violation of this chapter or a rule adopted or an order issued under this chapter, the commission, in its discretio... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-18/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-18 - Consent Orders. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-18 - Consent Orders. | Section 8-7A-18
Consent orders.
The commission may enter into a consent order at any time with a person to resolve a matter arising under this chapter or a rule adopted or order issued under this chapter. A consent order must be signed by the person to whom it is issued or by the person's authorized representative, and... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-19/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-19 - Civil Penalties. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-19 - Civil Penalties. | Section 8-7A-19
Civil penalties.
(a) The commission may assess a civil penalty against a person that violates this chapter or a rule adopted or an order issued under this chapter in an amount not to exceed one thousand dollars ($1,000) per day for each day the violation is outstanding.
(b) In addition to the assessment... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-20/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-20 - Criminal Penalties. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-20 - Criminal Penalties. | Section 8-7A-20
Criminal penalties.
(a) A person that intentionally makes a false statement, misrepresentation, or false certification in a record filed or required to be maintained under this chapter or that intentionally makes a false entry or omits a material entry in such a record, upon conviction, shall be guilty ... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-21 - Confidentiality. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-21 - Confidentiality. | Section 8-7A-21
Confidentiality.
(a) Except as otherwise provided in subsection (b), all information or reports obtained by the commission from the applicant, licensee, or authorized delegate and all information contained in or related to examination, investigation, operation, or condition reports prepared by, or on be... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-22/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-22 - Cooperation. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-22 - Cooperation. | Section 8-7A-22
Cooperation.
The commission may consult and cooperate with other federal and state agencies in enforcing and administering this chapter. The commission may jointly pursue examinations and take other official action that it is otherwise empowered to take.
(Act 2017-389, §2.) |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-23/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-23 - Investigation and Subpoenas by Commission. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-23 - Investigation and Subpoenas by Commission. | Section 8-7A-23
Investigation and subpoenas by commission.
(a) The commission may do any of the following:
(1) Make such public or private investigations within or outside of this state as it deems necessary to determine whether: Any license under this chapter should be granted, denied, suspended, or revoked; any perso... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-24/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-24 - Party Aggrieved by Order Entitled to Hearing Before Commission; Appeals From Actio... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-24 - Party Aggrieved by Order Entitled to Hearing Before Commission; Appeals From Action of Commission. | Section 8-7A-24
Party aggrieved by order entitled to hearing before commission; appeals from action of commission.
(a) Any person aggrieved by an order issued under this chapter shall be entitled to a hearing, as authorized for contested cases, pursuant to the Administrative Procedure Act, Chapter 22 of Title 41, if th... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-25/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-25 - Burden of Proving an Exemption or an Exception From a Definition. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-25 - Burden of Proving an Exemption or an Exception From a Definition. | Section 8-7A-25
Burden of proving an exemption or an exception from a definition.
In any proceeding under this chapter, the burden of proving an exemption or an exception from a definition is upon the person claiming it.
(Act 2017-389, §2.) |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-26/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-26 - Making, Amending, and Rescinding Rules and Prescribing Forms. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-26 - Making, Amending, and Rescinding Rules and Prescribing Forms. | Section 8-7A-26
Making, amending, and rescinding rules and prescribing forms.
The commission from time to time, may make, amend, and rescind rules and prescribe forms as are necessary and desirable to carry out this chapter. No rules or forms may be made or prescribed unless the commission finds that the action is nece... |
https://law.justia.com/codes/alabama/title-8/chapter-7a/section-8-7a-27/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 7A - Alabama Monetary Transmission Act.›Section 8-7A-27 - Interpretive Opinions by the Commission. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 7A - Alabama Monetary Transmission Act. › Section 8-7A-27 - Interpretive Opinions by the Commission. | Section 8-7A-27
Interpretive opinions by the commission.
(a) The commission may issue interpretative opinions and no-action letters upon request from interested persons. Such opinions or no-action letters shall be limited in scope and may not be requested to provide legal advice to any person. No opinion or no-action l... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-1 - Maximum Rates of Interest - Generally. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-1 - Maximum Rates of Interest - Generally. | Section 8-8-1
Maximum rates of interest - Generally.
Except as otherwise provided by law, the maximum rate of interest upon the loan or forbearance of money, goods, or things in action, except by written contract is $6 upon $100 for one year, and the rate of interest by written contract is not to exceed $8 upon $100 fo... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-1-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-1.1 - Maximum Rates of Interest - Permitted Under State or Federal Law. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-1.1 - Maximum Rates of Interest - Permitted Under State or Federal Law. | Section 8-8-1.1
Maximum rates of interest - Permitted under state or federal law.
(a) Individuals, partnerships, banks, corporations, and other legal entities may, on any loans or extensions of credit made by them, charge or impose the same rate of interest or finance charge to the same extent and under the same circum... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-1-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-1.2 - Maximum Rates of Interest - Loans Secured by Savings Accounts. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-1.2 - Maximum Rates of Interest - Loans Secured by Savings Accounts. | Section 8-8-1.2
Maximum rates of interest - Loans secured by savings accounts.
Any savings and loan association located within the State of Alabama may charge on loans secured by savings accounts a rate of interest of not more than two percent per annum in excess of the rate of return payable on any such savings accoun... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-2 - Maximum Rates of Interest - Aggregation of Principal and Interest on Loans at Six Pe... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-2 - Maximum Rates of Interest - Aggregation of Principal and Interest on Loans at Six Percent and Division Into Installments. | Section 8-8-2
Maximum rates of interest - Aggregation of principal and interest on loans at six percent and division into installments.
It shall be lawful to lend money at six percent per annum or less, to aggregate principal and interest at the date of the loan for the entire period of the loan and to divide the sum o... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-4 - Maximum Rates of Interest - Loans, etc., of $100,000 or More to State Board of Educa... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-4 - Maximum Rates of Interest - Loans, etc., of $100,000 or More to State Board of Education and Trustees of State Educational Institutions. | Section 8-8-4
Maximum rates of interest - Loans, etc., of $100,000 or more to State Board of Education and trustees of state educational institutions.
(a) The State Board of Education and the trustees of all state institutions where education is a part of the program of the institution as referred to in Section 16-3-28... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-5 - Maximum Rates of Interest - Loans, Credit Sales, etc., of $2,000 or More to Individu... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-5 - Maximum Rates of Interest - Loans, Credit Sales, etc., of $2,000 or More to Individuals, Corporations, Trusts, Partnerships, or Associations. | Section 8-8-5
Maximum rates of interest - Loans, credit sales, etc., of $2,000 or more to individuals, corporations, trusts, partnerships, or associations.
(a) Any person or persons, corporations, trust, general partnership or partnerships, limited partnership or partnerships, or association may agree to pay such rate ... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-6 - Maximum Rates of Interest - Exemption of Debts Incurred Pursuant to National Housing... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-6 - Maximum Rates of Interest - Exemption of Debts Incurred Pursuant to National Housing Act or Veterans' Benefits. | Section 8-8-6
Maximum rates of interest - Exemption of debts incurred pursuant to National Housing Act or veterans' benefits.
(a) All debts or extensions of credit incurred pursuant to any provision of the act of Congress known as the National Housing Act, as the same now exists or may hereafter be amended or supplemen... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-7 - Maximum Rates of Interest - Exemption of Bonds, Notes, etc., of State, Instrumentali... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-7 - Maximum Rates of Interest - Exemption of Bonds, Notes, etc., of State, Instrumentalities, Localities, Etc. | Section 8-8-7
Maximum rates of interest - Exemption of bonds, notes, etc., of state, instrumentalities, localities, etc.
Any bonds, notes, warrants, other evidences of indebtedness, or securities issued by the State of Alabama or any department, agency, or instrumentality thereof, by any not-for-profit public or privat... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-8 - Interest Accrues on Breach of Contract. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-8 - Interest Accrues on Breach of Contract. | Section 8-8-8
Interest accrues on breach of contract.
All contracts, express or implied, for the payment of money, or other thing, or for the performance of any act or duty bear interest from the day such money, or thing, estimating it at its money value, should have been paid, or such act, estimating the compensation ... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-9 - Interest on Unauthorized Change Bills and Notes Not Exceeding $1. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-9 - Interest on Unauthorized Change Bills and Notes Not Exceeding $1. | Section 8-8-9
Interest on unauthorized change bills and notes not exceeding $1.
All change bills and notes for a sum not exceeding $1 issued or circulated in this state without authority of law bear interest at the rate of 100 percent per annum from the day of their date, time of issue or circulation, and may be sued o... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-10 - Interest on Money Judgments and Costs. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-10 - Interest on Money Judgments and Costs. | Section 8-8-10
Interest on money judgments and costs.
(a) Judgments for the payment of money, other than costs, if based upon a contract action, bear interest from the day of the cause of action, at the same rate of interest as stated in the contract; all other judgments shall bear interest at the rate of 7.5 percent p... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-11 - Application of Partial Payments to Principal and Interest. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-11 - Application of Partial Payments to Principal and Interest. | Section 8-8-11
Application of partial payments to principal and interest.
Except as provided in this section, when partial payments are made, the interest due is first to be paid and the balance applied to the payment of the principal. In the case of a judgment for child or spousal support, or a judgment for medical su... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-12 - Enforcement of Usurious Contracts. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-12 - Enforcement of Usurious Contracts. | Section 8-8-12
Enforcement of usurious contracts.
(a) Except as otherwise permitted by law, all contracts for the payment of interest upon the loan or forbearance of goods, money, things in action, or upon any contract whatever at a higher rate than is prescribed in this chapter are usurious and cannot be enforced exce... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-13 - Collection on Notes, etc., Discounted at Higher Rate of Interest Than Eight Percent... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-13 - Collection on Notes, etc., Discounted at Higher Rate of Interest Than Eight Percent. | Section 8-8-13
Collection on notes, etc., discounted at higher rate of interest than eight percent.
Except when otherwise permitted by law, any banker who discounts any note, bill of exchange, or draft at a higher rate of interest than eight percent per annum, not including the difference of exchange, cannot enforce th... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-14 - Interest Surcharge on Loans or Credit Sales; Refunds; Maximum Interest Rate Indexed... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-14 - Interest Surcharge on Loans or Credit Sales; Refunds; Maximum Interest Rate Indexed to Prime Rate; Maximum Interest Rates for Open-End Credit Plans. | Section 8-8-14
Interest surcharge on loans or credit sales; refunds; maximum interest rate indexed to prime rate; maximum interest rates for open-end credit plans.
(a) In addition to other lawful charges under various state laws, and notwithstanding any restrictions thereunder, a legal licensed lending institution, a v... |
https://law.justia.com/codes/alabama/title-8/chapter-8/section-8-8-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 8 - Interest and Usury.›Section 8-8-15 - Bad Check Charge; Deemed Not Finance Charge. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 8 - Interest and Usury. › Section 8-8-15 - Bad Check Charge; Deemed Not Finance Charge. | Section 8-8-15
Bad check charge; deemed not finance charge.
(a) Any lender of money, extender of other credit, or merchant making a sale of merchandise, goods, or services, or the assignee of the lender, extender of credit, or merchant who receives a check, draft, negotiable order of withdrawal, or like instrument draw... |
https://law.justia.com/codes/alabama/title-8/chapter-9/section-8-9-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9 - Frauds.›Section 8-9-1 - Mortgage of Personalty. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9 - Frauds. › Section 8-9-1 - Mortgage of Personalty. | Section 8-9-1
Mortgage of personalty.
Except as may be otherwise provided by Title 7 a mortgage of or security interest in personal property is not valid unless made in writing and subscribed by the mortgagor or debtor.
(Code 1886, §1731; Code 1896, §2151; Code 1907, §4288; Code 1923, §8033; Code 1940, T. 20, §2.) |
https://law.justia.com/codes/alabama/title-8/chapter-9/section-8-9-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9 - Frauds.›Section 8-9-2 - Certain Agreements Void Unless in Writing. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9 - Frauds. › Section 8-9-2 - Certain Agreements Void Unless in Writing. | Section 8-9-2
Certain agreements void unless in writing.
In the following cases, every agreement is void unless such agreement or some note or memorandum thereof expressing the consideration is in writing and subscribed by the party to be charged therewith or some other person by him thereunto lawfully authorized in wr... |
https://law.justia.com/codes/alabama/title-8/chapter-9/section-8-9-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9 - Frauds.›Section 8-9-3 - Sufficiency of Note of Contract - Memorandum of Auctioneer. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9 - Frauds. › Section 8-9-3 - Sufficiency of Note of Contract - Memorandum of Auctioneer. | Section 8-9-3
Sufficiency of note of contract - Memorandum of auctioneer.
When lands, tenements, or hereditaments are sold or leased at public auction and the auctioneer, his clerk or agent makes a memorandum of the property and the price thereof at which it is sold or leased, the terms of sale, the name of the purchas... |
https://law.justia.com/codes/alabama/title-8/chapter-9/section-8-9-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9 - Frauds.›Section 8-9-4 - Sufficiency of Note of Contract - Return or Report of Officer Making Judicial Sale. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9 - Frauds. › Section 8-9-4 - Sufficiency of Note of Contract - Return or Report of Officer Making Judicial Sale. | Section 8-9-4
Sufficiency of note of contract - Return or report of officer making judicial sale.
When lands, tenements, or hereditaments are sold at judicial sale, the return or report of the officer making the sale, showing the names of the parties to the action or proceeding, a description of the property, the price... |
https://law.justia.com/codes/alabama/title-8/chapter-9/section-8-9-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9 - Frauds.›Section 8-9-5 - Representation or Assurance of Another's Credit to Be in Writing. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9 - Frauds. › Section 8-9-5 - Representation or Assurance of Another's Credit to Be in Writing. | Section 8-9-5
Representation or assurance of another's credit to be in writing.
No action can be maintained to charge any person, by reason of any representation or assurance made, concerning the character, conduct, ability, trade, or dealings of any other person, when such action is brought by the person to whom such ... |
https://law.justia.com/codes/alabama/title-8/chapter-9/section-8-9-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9 - Frauds.›Section 8-9-8 - When General Assignment or Conveyance of Substantially All Property by Debtor Inures... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9 - Frauds. › Section 8-9-8 - When General Assignment or Conveyance of Substantially All Property by Debtor Inures to Benefit of All Creditors Equally. | Section 8-9-8
When general assignment or conveyance of substantially all property by debtor inures to benefit of all creditors equally.
(a) Every general assignment made by a debtor or a conveyance by a debtor of substantially all of his property subject to execution in payment of a prior debt by which a preference or ... |
https://law.justia.com/codes/alabama/title-8/chapter-9/section-8-9-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9 - Frauds.›Section 8-9-10 - Agreement in Contract to Forfeit Right of Action for Not Presenting Damage Claim Vo... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9 - Frauds. › Section 8-9-10 - Agreement in Contract to Forfeit Right of Action for Not Presenting Damage Claim Void; Exceptions. | Section 8-9-10
Agreement in contract to forfeit right of action for not presenting damage claim void; exceptions.
Any agreement, convenant, or stipulation in any contract, verbal or written, forfeiting any right of action for failure to present to the party liable a claim for damages, is void; but this section shall no... |
https://law.justia.com/codes/alabama/title-8/chapter-9/section-8-9-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9 - Frauds.›Section 8-9-11 - Agreements to Confess Judgment, Be Sued in Different Venue or Authorize Another to... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9 - Frauds. › Section 8-9-11 - Agreements to Confess Judgment, Be Sued in Different Venue or Authorize Another to Confess Judgment Before Commencement of Action Void; Annulment of Illegal Judgments. | Section 8-9-11
Agreements to confess judgment, be sued in different venue or authorize another to confess judgment before commencement of action void; annulment of illegal judgments.
All agreements, contracts, or stipulations to confess judgment in any of the courts of this state, to be sued in any county other than th... |
https://law.justia.com/codes/alabama/title-8/chapter-9/section-8-9-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9 - Frauds.›Section 8-9-12 - Realty Conveyance Wherein Grantee Agrees to Support Grantor During Life Voidable; E... | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9 - Frauds. › Section 8-9-12 - Realty Conveyance Wherein Grantee Agrees to Support Grantor During Life Voidable; Exceptions. | Section 8-9-12
Realty conveyance wherein grantee agrees to support grantor during life voidable; exceptions.
Any conveyance of realty wherein a material part of the consideration is the agreement of the grantee to support the grantor during life is void at the option of the grantor, except as to bona fide purchasers fo... |
https://law.justia.com/codes/alabama/title-8/chapter-9a/section-8-9a-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9A - Alabama Fraudulent Transfer Act.›Section 8-9A-1 - Definitions. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9A - Alabama Fraudulent Transfer Act. › Section 8-9A-1 - Definitions. | Section 8-9A-1
Definitions.
As used in this chapter:
(1) AFFILIATE.
a. A person who directly or indirectly owns, controls, or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person who holds the securities,
1. As a fiduciary or agent without sole discretiona... |
https://law.justia.com/codes/alabama/title-8/chapter-9a/section-8-9a-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9A - Alabama Fraudulent Transfer Act.›Section 8-9A-2 - Insolvency. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9A - Alabama Fraudulent Transfer Act. › Section 8-9A-2 - Insolvency. | Section 8-9A-2
Insolvency.
(a) A debtor is insolvent if the sum of the debtor's debts is greater than all of the debtor's assets at a fair valuation.
(b) A debtor who is generally not paying his debts as they become due is presumed to be insolvent.
(c) A partnership is insolvent under subsection (a) if the sum of the p... |
https://law.justia.com/codes/alabama/title-8/chapter-9a/section-8-9a-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9A - Alabama Fraudulent Transfer Act.›Section 8-9A-3 - Value. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9A - Alabama Fraudulent Transfer Act. › Section 8-9A-3 - Value. | Section 8-9A-3
Value.
(a) Value is given for a transfer if, in exchange for the transfer, property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise to furnish support to the debtor or another person made otherwise than in the ordinary course of the promisor... |
https://law.justia.com/codes/alabama/title-8/chapter-9a/section-8-9a-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9A - Alabama Fraudulent Transfer Act.›Section 8-9A-4 - Transfers Fraudulent as to Present and Future Creditors. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9A - Alabama Fraudulent Transfer Act. › Section 8-9A-4 - Transfers Fraudulent as to Present and Future Creditors. | Section 8-9A-4
Transfers fraudulent as to present and future creditors.
(a) A transfer made by a debtor is fraudulent as to a creditor, whether the creditor's claim arose before or after the transfer was made, if the debtor made the transfer with actual intent to hinder, delay, or defraud any creditor of the debtor.
(b... |
https://law.justia.com/codes/alabama/title-8/chapter-9a/section-8-9a-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9A - Alabama Fraudulent Transfer Act.›Section 8-9A-5 - Transfers Fraudulent as to Present Creditors. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9A - Alabama Fraudulent Transfer Act. › Section 8-9A-5 - Transfers Fraudulent as to Present Creditors. | Section 8-9A-5
Transfers fraudulent as to present creditors.
(a) A transfer made by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made if the debtor made the transfer without receiving a reasonably equivalent value in exchange for the transfer and the debtor was insolvent at that tim... |
https://law.justia.com/codes/alabama/title-8/chapter-9a/section-8-9a-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9A - Alabama Fraudulent Transfer Act.›Section 8-9A-6 - When Transfer Is Made. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9A - Alabama Fraudulent Transfer Act. › Section 8-9A-6 - When Transfer Is Made. | Section 8-9A-6
When transfer is made.
For the purposes of this chapter:
(1) A transfer is made:
a. With respect to an asset that is real property other than a fixture, but including the interest of a seller or purchaser under a contract for the sale of the asset, when the transfer is so far perfected that a good-faith ... |
https://law.justia.com/codes/alabama/title-8/chapter-9a/section-8-9a-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9A - Alabama Fraudulent Transfer Act.›Section 8-9A-7 - Remedies of Creditors. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9A - Alabama Fraudulent Transfer Act. › Section 8-9A-7 - Remedies of Creditors. | Section 8-9A-7
Remedies of creditors.
(a) In an action for relief against a transfer under this chapter, the remedies available to creditors, subject to the limitations in Section 8-9A-8, include:
(1) Avoidance of the transfer to the extent necessary to satisfy the creditor's claim;
(2) An attachment or other provision... |
https://law.justia.com/codes/alabama/title-8/chapter-9a/section-8-9a-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 8 - Commercial Law and Consumer Protection.›Chapter 9A - Alabama Fraudulent Transfer Act.›Section 8-9A-8 - Defenses, Liability, and Protection of Transferee. | 2023 Code of Alabama › Title 8 - Commercial Law and Consumer Protection. › Chapter 9A - Alabama Fraudulent Transfer Act. › Section 8-9A-8 - Defenses, Liability, and Protection of Transferee. | Section 8-9A-8
Defenses, liability, and protection of transferee.
(a) A transfer is not voidable under Section 8-9A-4(a) against a person who took in good faith and for a reasonably equivalent value or against any subsequent transferee or obligee who took in good faith.
(b) Except as otherwise provided in this section,... |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.