Alabama Code > Title 45 > Chapter 38 > Article 24 > Part 2 – Tax, Sales and Use
Current as of: 2024 | Check for updates
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Other versions
| § 45-38-241 | Levy of tax on sale of certain automotive vehicles, trailers, etc |
Terms Used In Alabama Code > Title 45 > Chapter 38 > Article 24 > Part 2 - Tax, Sales and Use
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
- Probate: Proving a will
- shall: is a lways mandatory and not merely directory:
(1) CHILD. See Alabama Code 38-7-2