Alabama Code > Title 8 > Chapter 6 > Article 4 – Ownership by Minors


§ 8-6-90	Short title
§ 8-6-91	Definitions
§ 8-6-92	Liability of bank, transfer agent, etc., for treating minor as having capacity to exercise security rights; presumption that holder not minor
§ 8-6-93	Minor may not disaffirm security transaction unless prior written notice of minority given
§ 8-6-94	Right of minor to receive dividends, etc
§ 8-6-95	Certain laws not affected by article

Chief judge: The judge who has primary responsibility for the administration of a court but also decides cases; chief judges are determined by seniority.
circuit: means judicial circuit. See Alabama Code 1-1-1
Court reporter: A person who makes a word-for-word record of what is said in court and produces a transcript of the proceedings upon request.
Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Lien: A claim against real or personal property in satisfaction of a debt.
Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
property: includes both real and personal property. See Alabama Code 1-1-1
Reporter: Makes a record of court proceedings and prepares a transcript, and also publishes the court's opinions or decisions (in the courts of appeals).
Trustee: A person or institution holding and administering property in trust.