Alabama Code > Title 23 > Chapter 1 > Article 9 > Division 1 – Scenic Enhancement
Current as of: 2024 | Check for updates
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Other versions
| § 23-1-220 | Short title |
| § 23-1-221 | Purpose of division |
| § 23-1-222 | Authority of Director of Transportation to acquire land |
| § 23-1-223 | Interest in acquired land; manner of acquisition |
Terms Used In Alabama Code > Title 23 > Chapter 1 > Article 9 > Division 1 - Scenic Enhancement
- 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.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
- Probate: Proving a will
- property: includes both real and personal property. See Alabama Code 1-1-1