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Terms Used In Alabama Code 13A-1-10

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

All proceedings pending and all rights and liabilities existing, acquired or incurred on January 1, 1980, are hereby saved and may be consummated according to the law in force when they were commenced. This title shall not be construed to affect any prosecution pending or begun before January 1, 1980.