Alabama § 22-40A-10 - Financial Assurance.
Full text of Alabama Code of Alabama § 22-40A-10 — Financial Assurance., with citation guidance and answers to common questions.
§ 22-40A-10. Financial Assurance.
(a) The department shall, by regulation, establish the financial assurance levels and methods that are to be set to provide funds to abate any problems created as a result of a failure by the transporter or processor to properly manage scrap tires.
(b) Receivers of either class are not required to post financial assurance.
(c) Permitted transporters and processors shall post financial assurance. A fuel user that registers with the department shall post financial assurance if the user stores whole tires or shredded tires in excess of amounts the department establishes by regulation or in excess of permitted limits.
Frequently Asked Questions About Alabama § 22-40A-10
What does Code of Alabama § 22-40A-10 cover?
Section 22-40A-10 ("Financial Assurance.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 22-40A-10?
A common citation format is "Code of Alabama § 22-40A-10" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 22-40A-10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.