10A-5-6.04
Section 10A-5-6.04 Death or incompetency of member. REPEALED IN THE 2014 REGULAR SESSION BY
ACT 2014-144 EFFECTIVE JANUARY 1, 2017. (a) Except as otherwise provided in the governing
documents: (1) If a member who is an individual dies or if a court of competent jurisdiction
adjudges a member to be incompetent to manage the member's person or property, the member's
personal representative, conservator, legal representative, heirs, or legatees may exercise
all the member's financial rights for the purpose of settling the member's estate or administering
the member's property, including any power the member had to transfer the membership interest.
(2) If a member is a corporation, limited liability company, trust, general partnership, limited
partnership, registered limited liability partnership, custodianship, or other entity and
is dissolved or terminated, the financial rights of that member may be exercised by the legal
representative or successor of that member. (b) The personal...
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36-27-21.3
Section 36-27-21.3 Cost-of-living increases; funding. (a) There is hereby provided, commencing
October 1, 1982, to any person retired prior to October 1, 1981, under the Teachers' Retirement
System or Employees' Retirement System of Alabama and who is receiving a retirement allowance
therefrom, a cost-of-living increase of $1.00 per month for each year of creditable service
attained by said member; provided any person retired under the provisions of Section 36-27-7,
or 36-27-7.1 shall receive an increase of $.50 per month for each year of creditable service
attained by said member. In addition to the foregoing amount an additional $1.00 per month
increase may be granted upon the occurrence of certain conditions set forth in subsection
(e) of this section; provided any person retired under the provisions of Section 36-27-7,
or 36-27-7.1 may receive an additional $.50 per month increase upon the occurrence of certain
conditions pursuant to subsection (e) of this section. Effective...
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5-7A-43
Section 5-7A-43 Continuation of identity, obligations, etc., of state bank. Upon such conversion,
merger or consolidation becoming effective, the national bank shall be deemed to be a continuation
of the entity and of the identity of the state bank and all the rights, obligations and relations
of the state bank to or in respect to any person, estate, creditor, depositor, trustee or
beneficiary of any trust and in, or in respect to, any executorship or trusteeship or other
trust or fiduciary function shall remain unimpaired. The national bank, as of the time of
the taking effect of such conversion, merger or consolidation shall succeed to all such rights,
obligations, relations and trusts and the duties and liabilities connected therewith and shall
execute and perform each and every such trust or relation in the same manner as if the national
bank had itself assumed the trust or relation, including the obligations and liabilities connected
therewith. If the state bank is acting as...
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34-24-537
Section 34-24-537 Default procedures. (a) The grounds for default include, but are not limited
to, failure of a member state to perform such obligations or responsibilities imposed upon
it by the compact, or the rules and bylaws of the interstate commission promulgated under
the compact. (b) If the interstate commission determines that a member state has defaulted
in the performance of its obligations or responsibilities under the compact, or the bylaws
or promulgated rules, the interstate commission shall: (1) Provide written notice to the defaulting
state and other member states, of the nature of the default, the means of curing the default,
and any action taken by the interstate commission. The interstate commission shall specify
the conditions by which the defaulting state must cure its default; and (2) Provide remedial
training and specific technical assistance regarding the default. (c) If the defaulting state
fails to cure the default, the defaulting state shall be terminated...
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45-35A-54.18
Section 45-35A-54.18 Grants for use, etc., of public streets, property, etc. - Election results.
If at such election the majority of the votes are in favor of the ordinance and the making
of the proposed grant, the same shall thereupon become effective; but if a majority of the
votes so cast shall be against the passage of the resolution, bylaw, or ordinance and against
the making of the grant, the bylaw, resolution, or ordinance shall not become effective, nor
shall it confer any rights, powers, or privileges of any kind, and it shall be the duty of
the board of commissioners, after the result of the election is determined, to pass a resolution
or ordinance to that effect. (Act 79-537, p. 959, §19.)...
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5-7A-63
Section 5-7A-63 Resulting bank as continuation of savings institution. Except insofar as the
superintendent requires the converting savings institution to terminate certain activities
and dispose of certain assets in order to meet the requirements applicable to state chartered
banks, upon the conversion of any savings institution into a state chartered bank, the corporate
existence of such savings institution shall not terminate, but such resulting bank shall be
deemed to be a continuation of the savings institution so converted, and all property of the
converted savings institution including its rights, titles and interests in and to all property
of whatsoever kind, character or description, whether real, personal or mixed, and things
in action and every right, privilege, interest and asset of any conceivable value or benefit,
and all obligations, liabilities, charges, liens, encumbrances, judgments, and claims then
existing or pertaining to it or which would inure to or against it,...
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10A-2-12.02
Section 10A-2-12.02 Sale of assets other than in regular course of business. REPEALED IN THE
2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (a) Subject to the limitations of the Constitution of Alabama of 1901, as
the same may be amended from time to time, a corporation may sell, lease, exchange, or otherwise
dispose of all, or substantially all, of its property, with or without the good will, otherwise
than in the usual and regular course of business on the terms and conditions and for the consideration
determined by the corporation's board of directors, if the board of directors proposes and
its shareholders approve the proposed transaction. (b) For a transaction to be authorized:
(1) The board of directors must recommend the proposed transaction to the shareholders unless
the board of directors determines that because of a conflict of interest or other special
circumstances it should make no recommendation and communicates...
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10A-2-13.02
Section 10A-2-13.02 Right to dissent. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE
JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) A shareholder is entitled
to dissent from, and obtain payment of the fair value of his or her shares in the event of,
any of the following corporate actions: (1) Consummation of a plan of merger to which the
corporation is a party (i) if shareholder approval is required for the merger by Section 10A-2-11.03
or the articles of incorporation and the shareholder is entitled to vote on the merger or
(ii) if the corporation is a subsidiary that is merged with its parent under Section 10A-2-11.04;
(2) Consummation of a plan of share exchange to which the corporation is a party as the corporation
whose shares will be acquired, if the shareholder is entitled to vote on the plan; (3) Consummation
of a sale or exchange by all, or substantially all, of the property of the corporation other
than in the usual and regular course of...
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25-3-5
Section 25-3-5 Commissioner to provide seminars for unemployed or underemployed employees regarding
their rights and responsibilities; commissioner authorized to assist employee groups, communicate
with creditors, etc.; state credit union may expand field of membership if adversely affected
by layoffs or closings; regulations concerning financial disclosure and assistance of employees.
Repealed by Act 2012-496, §5, effective October 1, 2012. (Acts 1983, No. 83-590, p. 922.)...

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34-21-128
Section 34-21-128 Oversight, dispute resolution, enforcement,etc. (a) Oversight. (1) Each party
state shall enforce this compact and take any action necessary and appropriate to effectuate
the purposes and intent of this compact. (2) The commission shall receive service of process
in any proceeding that may affect the powers, responsibilities, or actions of the commission,
and shall have standing to intervene in such a proceeding for all purposes. Failure to provide
service of process in a proceeding to the commission shall render the judgment or order void
as to the commission, this compact, or promulgated rules. (b) Default, technical assistance,
and termination. (1) If the commission determines that a party state has defaulted in the
performance of its obligations or responsibilities under this compact or the adopted rules,
the commission shall do all of the following: a. Provide written notice to the defaulting
state and other party states of the nature of the default, the proposed...
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