|
10A-2-10.03
Section 10A-2-10.03 Amendment by board of directors and shareholders. REPEALED IN THE 2019
REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE
SUPPLEMENT. (a) A corporation's board of directors may propose one or more amendments to the
articles of incorporation for submission to the shareholders. (b) For the amendments to be
adopted: (1) The board of directors must recommend the amendment to the shareholders unless
the board of directors determines that because of conflict of interest or other special circumstances
it should make no recommendation and communicates the basis for its determination to the shareholders
with the amendment; and (2) The shareholders entitled to vote on the amendment must approve
the amendment as provided in subsection (e). (c) Subject to the corporation's articles of
incorporation, the board of directors may condition its submission of the proposed amendment
on any basis, except that the board of directors may not...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-10.03.htm - 2K - Match Info - Similar pages
11-29-3
Section 11-29-3 Definitions. As used in this chapter, the following words and phrases shall
have the following respective meanings: (1) FISCAL YEAR. The fiscal year of the state as may
from time to time be provided by law. (2) FUND. The "County Government Capital Improvement
Fund." (3) FUND CAPITAL. All assets of the "fund." (4) STATE. The State of
Alabama. (5) TRUST FUND. "The Alabama Trust Fund" created by Amendment Number 450
of the Constitution of Alabama of 1901. (6) TRUST INCOME. The net income received by the state,
subsequent to the transfer of the initial trust capital by the State Treasurer to the board
of trustees of the trust fund, from the investment and reinvestment of all assets of the trust
fund, determined in accordance with the provisions of Amendment Number 450 of the Constitution
of Alabama of 1901. "Trust income" does not include income which becomes part of
the trust capital of the trust fund. (Acts 1986, No. 86-206, p. 269, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-29-3.htm - 1K - Match Info - Similar pages
11-66-3
Section 11-66-3 Definitions. As used in this chapter, the following words and phrases shall
have the following respective meanings: (1) FISCAL YEAR. The fiscal year of the state as may
from time to time be provided by law. (2) FUND. The "Municipal Government Capital Improvement
Fund." (3) FUND CAPITAL. All assets of the "fund." (4) STATE. The State of
Alabama. (5) TRUST FUND. "The Alabama Trust Fund" created by Amendment Number 450
of the Constitution of Alabama 1901. (6) TRUST INCOME. The net income received by the state,
subsequent to the transfer of the initial trust capital by the State Treasurer to the board
of trustees of the trust fund, from the investment and reinvestment of all assets of the trust
fund, determined in accordance with the provisions of Amendment Number 450 of the Constitution
of Alabama 1901. "Trust income" does not include income which becomes part of the
trust capital of the trust fund. (Acts 1986, No. 86-234, p. 345, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-66-3.htm - 1K - Match Info - Similar pages
22-3A-15
Section 22-3A-15 Disposition of proceeds of bonds; Public Health Facilities Building Fund;
powers of authority; improvement and construction defined; supervision; bidding. (a) The proceeds
of the bonds, other than refunding bonds, remaining after paying the expenses of their sale
and issuance shall be turned in to the State Treasury and all income derived from the investment
of said proceeds (including income from the investment of proceeds held in the Debt Service
Reserve Fund to the extent provided in the resolution, trust indenture or other documents
pursuant to which the bonds shall be issued) shall be carried in a special fund to be designated
the Public Health Facilities Building Fund, and shall be subject to be drawn on by the authority
for the purpose of paying the costs of acquiring, constructing, improving and equipping such
public health facilities in the state as shall be determined by the authority. Subject to
the provisions of Section 22-3A-19, the authority shall have...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-15.htm - 3K - Match Info - Similar pages
41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST FUND.
The trust fund of the state created under Amendment 450 to the Constitution of Alabama of
1901, and appearing as §219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-759.
(3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established pursuant
to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued pursuant to
this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement of
economic damages claims of the state against BP Exploration and Production, Inc. and any of
its corporate affiliates arising out of the Deepwater Horizon oil spill...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-751.htm - 6K - Match Info - Similar pages
41-29-3
Section 41-29-3 Project notification; applications. (a)(1) The Secretary of Commerce shall
be notified in writing about the general parameters of a project if an entity is considering
locating or expanding a facility at a site within this state and intends to claim any of the
incentives provided by the State of Alabama that are described in subdivision (2) (the "required
notification"). The required notification should be made as soon as the project's parameters
are generally known or when a site or sites have been identified by a project entity or a
visit is made to the State of Alabama by the project entity or its representative. The initial
required notification may be made on an anonymous basis (i.e., "Project Alpha")
in order to protect the confidentiality of a proposed project. Upon timely notifying the secretary
within the time frame specified in this subdivision, the secretary shall transmit a letter
to the project entity or its representative acknowledging receipt of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-29-3.htm - 4K - Match Info - Similar pages
19-3-120
Section 19-3-120 Classes of authorized investments; repeal of conflicting statutes. (a) Unless
otherwise authorized or directed by the court having jurisdiction thereof, or by the will,
trust agreement or other document which is the source of authority, a trustee, executor, administrator,
guardian or one acting in any other fiduciary capacity, other than as a trustee governed by
the Alabama Uniform Trust Code, with the exercise of reasonable business prudence, in addition
to any other investments now permitted by law, may invest funds in securities or investments
which, at the time of the making or purchase thereof, are included in one or more of the following
classes: (1) Bonds or other interest-bearing obligations of the United States of America,
or payment of which the United States of America has guaranteed as to both principal and interest.
(2) Bonds issued by the Federal Land Bank, under the act of Congress of the United States
of America, designated as "the Federal Farm Loan...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3-120.htm - 5K - Match Info - Similar pages
10A-1-1.08
Section 10A-1-1.08 Short titles. (a) The provisions of this title as described by this section
may be cited as provided by this section. (b) Chapter 2A and the provisions of Chapter 1 to
the extent applicable to business corporations may be cited as the Alabama Business Corporation
Law. (c) Chapter 3 and the provisions of Chapter 1 to the extent applicable to nonprofit corporations
may be cited as the Alabama Nonprofit Corporation Law. (d) Chapter 4 and the provisions of
Chapter 1 to the extent applicable to professional corporations may be cited as the Alabama
Professional Corporation Law. (e) Chapter 5A and the provisions of Chapter 1 to the extent
applicable to limited liability companies may be cited as the Alabama Limited Liability Company
Law. (f) Chapter 8A and the provisions of Chapter 1 to the extent applicable to general partnerships
may be cited as the Alabama Partnership Law. (g) Chapter 9A and the provisions of Chapter
1 to the extent applicable to limited partnerships may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-1.08.htm - 2K - Match Info - Similar pages
16-18B-13
Section 16-18B-13 Refunding bonds. Pursuant to the provisions of the aforesaid amendment and
this article, the corporation may, at any time and from time to time, issue for the state
refunding bonds of the state for the purpose of refunding any or all of the bonds authorized
by the amendment then outstanding (including any refunding bonds that may have been previously
issued), whether such refunding shall occur before, at or after the maturity of the bonds
to be refunded. In the discretion of the corporation, refunding bonds may be issued in exchange
for such outstanding bonds or they may be sold and the proceeds thereof applied to the purchase,
redemption or payment of outstanding bonds. Refunding bonds to be sold pursuant hereto may
be issued in such principal amount or amounts as shall be determined by the corporation. Pending
the application of the proceeds of refunding bonds issued in accordance with this section,
such proceeds, together with investment income therefrom, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18B-13.htm - 5K - Match Info - Similar pages
2-3A-55
Section 2-3A-55 Refunding bonds. Pursuant to the provisions of Amendment 619 and this article,
the authority may, at any time and from time to time, issue for the state refunding bonds
of the state for the purpose of refunding any or all of the bonds authorized by the aforesaid
amendment then outstanding (including any refunding bonds that may have been previously issued),
whether such refunding shall occur before, at or after the maturity of the bonds to be refunded.
In the discretion of the authority, refunding bonds may be issued in exchange for such outstanding
bonds or they may be sold and the proceeds thereof applied to the purchase, redemption or
payment of such outstanding bonds. Refunding bonds to be issued in exchange for such outstanding
bonds shall not be issued in a principal amount greater than the principal amount of the bonds
to be refunded. Refunding bonds to be sold pursuant hereto may be issued in such principal
amount or amounts as shall be determined by said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-55.htm - 5K - Match Info - Similar pages
|