Alabama Code > Title 40 > Chapter 20 > Article 2 – Mineral Documentary Tax


§ 40-20-30	Definitions
§ 40-20-31	Levied; applicability
§ 40-20-32	Tax to be a lien; amount of tax
§ 40-20-33	When and by whom tax payable; effect of nonpayment
§ 40-20-34	Tax payable to probate judge; entries on instrument and record
§ 40-20-35	Tax to be in lieu of ad valorem taxes; exemption of nonproducing leasehold and other interests from ad valorem taxes
§ 40-20-36	How exemption obtained upon existing interests
§ 40-20-37	Fees of probate judge; disposition of remainder of tax

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Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
Deed: The legal instrument used to transfer title in real property from one person to another.
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
Grantor: The person who establishes a trust and places property into it.
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}
Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Statute: A law passed by a legislature.
writing: includes typewriting and printing on paper. See Alabama Code 1-1-1