This legal document, part of the Code of Alabama’s Commercial Code, specifically addresses the collection of items by payor banks. It states that any knowledge, notice, stop-payment order, or legal process received by a payor bank comes too late to terminate, suspend, or modify the bank’s right or duty to pay an item or charge its customer’s account if the bank has already accepted or certified the item, paid it in cash, settled for the item without the right to revoke the settlement, become accountable for the amount of the item, or if a cutoff hour has passed.

This legal document, found in the Code of Alabama under the Commercial Code, specifically addresses the relationship between a payor bank and its customer. It outlines the circumstances under which a bank may charge a customer’s account, even if it creates an overdraft. An item is considered properly payable if it is authorized by the customer and complies with any agreement between the customer and the bank. The document also states that a customer is not liable for an overdraft if they did not sign the item or benefit from its proceeds, but the bank can still charge the overdraft amount, interest, and applicable fees against deposits or credits to the account.

This legal document, part of the Code of Alabama’s Commercial Code, governs the relationship between a payor bank and its customer in the context of bank deposits and collections. It grants the customer or any authorized person the right to stop payment of any item drawn on the customer’s account or close the account by providing an order to the bank. The stop-payment order is effective for six months, but lapses after 14 calendar days if the original order was oral and not confirmed in writing.

A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than six months after its date, but it may charge its customer’s account for a payment made thereafter in good faith. (Acts 1965, No. 549, p. 811; repealed by Acts 1995, No. 95-668, p. 1381, 2; added by Acts 1995, No. 95-668, p. 1381, 2.

This legal document, part of the Code of Alabama’s Commercial Code on Bank Deposits and Collections, governs the relationship between a payor bank and its customer. It outlines the duties and responsibilities of the bank and the customer regarding the handling of items and statements of account. The bank is required to either return the items paid or provide sufficient information in the statement of account for the customer to identify the items.

The provided legal document is a section of the Code of Alabama, specifically the Fantasy Contests Act, which governs the registration of fantasy contest operators, fees, and taxes. According to the document, fantasy contest operators are required to register with the regulator before offering any fantasy contest with an entry fee in the state. Operators who offered fantasy contests prior to May 1, 2016, are allowed to operate until May 31, 2019, provided they file an application for registration within 60 days of availability.

The provided legal document content pertains to the Alabama Monetary Transmission Act. It outlines the reporting requirements for licensees under various circumstances. Licensees are required to file a report to the commission within 15 business days of any material change in information provided in their application. Additionally, licensees must file a report within five business days after becoming aware of certain events, such as bankruptcy filings, receivership, license revocation or suspension, cancellation of bond or security, felony charges or convictions of the licensee or authorized delegate, and involvement in material civil litigation or class action.

The provided legal document content covers various aspects of unclaimed property, including uncashed travelers checks and money orders, unclaimed moneys collected by utility corporations, voluntary disposition of miscellaneous property, unclaimed wages held by the Department of Labor, proceeds from the sale of wrecked property, unclaimed personal property of discharged, deceased, or escaped persons in specific state institutions, unclaimed property resulting from the administration of the vehicle and traffic law, unclaimed amounts or securities held by foreign corporations, miscellaneous unclaimed property, unclaimed insurance proceeds other than life insurance, unclaimed moneys resulting from the sale of pledged or mortgaged personal property, unclaimed property held by sales finance companies and insurance premium finance agencies, and unclaimed virtual currency held by banking organizations and other entities engaged in virtual currency business activity.

The provided legal document content pertains to the repeal of certain laws and the constitutionality of this chapter. It covers various aspects related to unclaimed funds and abandoned property, including requirements for mailing notice to owners of record, authority of the state comptroller, agreements for abandoned property location services, retention of books and records, penalty and interest provisions, publication of abandoned property, payment process, filing claims, assumption of liability, and expiration of time periods.

A bank or trust company may conduct a banking business, at automated teller machines, point-of-sale terminals, and similar facilities subject to regulations which may be promulgated by the superintendent of financial services. Such facilities shall not be deemed to be branches and shall not be subject to any of the provisions of this chapter applicable to branches; provided however that notwithstanding the foregoing, for purposes of clause (ii) of subdivision one of section one hundred five of this chapter, such facilities shall be deemed to be branches, and such facilities shall be subject to the terms and conditions of section one hundred five, and for purposes of section twenty-eight-b of this chapter, such facilities shall be deemed to be branches.