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27-28-2
Section 27-28-2 Plan for exchange of stock, etc., between domestic stock insurer and holding
company - Procedure for exchange. A plan of exchange shall be adopted and become effective
in the following manner: (1) APPROVAL OF THE BOARDS OF DIRECTORS. - The boards of directors
of each corporate party to the plan of exchange by resolution shall adopt the plan of exchange
which shall set forth the terms and conditions of the exchange and the mode of carrying the
same into effect and such other provisions with respect to the exchange as may be deemed necessary
or desirable. (2) APPROVAL OF COMMISSIONER. - Every plan of exchange, before being submitted
to vote of the stockholders pursuant to subdivision (3) of this section, shall be submitted
for approval to the commissioner in accordance with the following procedure: a. After the
approval required by subdivision (1) of this section is obtained, the domestic company shall
submit to the commissioner three copies of the plan of exchange and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-28-2.htm - 13K - Match Info - Similar pages
5-8A-46
Section 5-8A-46 Final distribution, termination of receivership and dissolution of bank. Whenever
the receiver shall have paid to each and every depositor and creditor of such bank whose claim
or claims as such creditor or depositor shall have been duly proven and allowed the full amount
of such claims and shall have made proper provision for the unclaimed and unpaid deposits
or dividends the receiver shall make application for final settlement including expenses of
liquidation, to be approved by the receivership court and shall distribute the balance of
any assets remaining ratably to the stockholders. Creditors shall not receive interest after
the date of taking of possession by the superintendent. The receiver shall in said final settlement
order be directed to file in the office of the judge of probate of the county in which the
principal place of business of the bank was located and in the office of Secretary of State
a certificate of dissolution and the written approval of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-8A-46.htm - 1K - Match Info - Similar pages
10A-2A-11.05
Section 10A-2A-11.05 Merger between parent and subsidiary or between subsidiaries. (a) A domestic
or foreign parent entity that owns stock of a corporation which carries at least 90 percent
of the voting power of each class and series of the outstanding stock of that subsidiary corporation
that has voting power may (i) merge that subsidiary corporation into itself (if it is a corporation,
foreign corporation, or eligible entity), (ii) merge that subsidiary corporation into another
corporation, foreign corporation, or eligible entity in which the parent entity owns at least
90 percent of the voting power of each class and series of the outstanding stock or eligible
interests which have voting power, or (iii) merge itself (if it is a corporation, foreign
corporation, or eligible entity) into that subsidiary corporation, in any case without the
approval of the board of directors or stockholders of that subsidiary corporation, unless
the certificate of incorporation or organizational...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-11.05.htm - 2K - Match Info - Similar pages
10A-3-7.18
Section 10A-3-7.18 Survival of remedy after dissolution. The dissolution of a nonprofit corporation
either (1) by the filing of the articles of dissolution by the Secretary of State, or (2)
by an order of court when the court has not liquidated the assets and affairs of the corporation
as provided in this chapter, or (3) by operation of law, or (4) by expiration of its period
of duration, shall not take away or impair any remedy available to or against the nonprofit
corporation, its directors, officers, or members, for any right or claim existing, or any
liability incurred, prior to the dissolution if action or other proceeding thereon is commenced
within two years after the date of the dissolution. Any action or proceeding by or against
the nonprofit corporation may be prosecuted or defended by the nonprofit corporation in its
corporate name. The members, directors, and officers shall have power to take the corporate
or other action as shall be appropriate to protect the remedy,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-3-7.18.htm - 1K - Match Info - Similar pages
10A-1-5.33
Section 10A-1-5.33 Change by registered agent of name or address of registered agent. (a) The
registered agent of any entity required by Section 10A-1-5.31 to designate and maintain a
registered agent or registered office may change its name, its address as the address of the
entity's registered office, or both, by delivering to the Secretary of State for filing a
statement of the change in accordance with the procedures in Article 4. (b) The statement
must be signed by the registered agent, or a person authorized to sign the statement on behalf
of the registered agent, and must contain: (1) the name of the entity represented by the registered
agent; (2) the name of the entity's registered agent and the address at which the registered
agent maintained the entity's registered office; (3) if the change relates to the name of
the registered agent, the new name of that agent; (4) if the change relates to the address
of the registered office, the new address of that office; and (5) a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-5.33.htm - 2K - Match Info - Similar pages
11-81-246
Section 11-81-246 Assessment lien; enforcement. (a) An assessment under this article and any
interest or penalties on the assessment: (1) Is a lien against the real property on which
the assessment is imposed from the date on which the notice of contractual assessment is recorded.
(2) Subject to the requirement in Section 11-81-245(a)(1) to obtain and record in the proper
recording office an executed consent and subordination agreement from existing mortgagees
and other lienholders, has the same priority status as a lien for any other ad valorem or
non-ad valorem tax. (3) Is a lien that runs with the real property, and the portion of the
assessment under the assessment contract that has not yet become due is not eliminated by
foreclosure of a property tax lien. (b) The assessment lien may be enforced by the local government
in the same manner that an ad valorem or non-ad valorem tax lien against real property may
be enforced by the local government with all redemption rights provided...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-246.htm - 2K - Match Info - Similar pages
25-5-197
Section 25-5-197 Limitation period for claims or actions for compensation. In case of occupational
exposure to radiation, as defined in this article, or of injury or disability resulting
therefrom, all claims for compensation shall be forever barred, unless within one year after
the employee first suffered disability therefrom and either knew or in the exercise of reasonable
diligence should have known that the disability was caused therefrom, but in no event more
than three years after date of the injury as hereinafter defined, the parties shall
have agreed upon the compensation payable under this article, or unless within such period
of time one of the parties shall have filed a verified complaint as provided in Section 25-5-88.
In case of death, all claims for compensation shall be forever barred, unless the death results
proximately from occupational exposure to radiation, as defined in this article, and occurs
within three years of the date of the injury, as hereinafter defined,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-197.htm - 2K - Match Info - Similar pages
10A-1-5.34
Section 10A-1-5.34 Resignation of registered agent. (a) A registered agent of any entity required
by Section 10A-1-5.31 to designate and maintain a registered agent or registered office may
resign as the registered agent by giving notice to that entity and to the Secretary of State.
(b) Notice to the entity must be given to the entity at the address of the entity most recently
known by the agent. (c) Notice to the Secretary of State must be given before the 11th day
after the date notice under subsection (b) is mailed or delivered and must include: (1) the
address of the entity most recently known by the agent; (2) a statement that written notice
of the resignation has been given to the entity; and (3) the date on which that written notice
of resignation was given. (d) On compliance with subsections (b) and (c), the appointment
of the registered agent terminates. The termination is effective on the 31st day after the
date the Secretary of State receives the notice. (e) If the Secretary...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-5.34.htm - 1K - Match Info - Similar pages
10A-2-16.22
Section 10A-2-16.22 Annual report for Secretary of State. REPEALED IN THE 2019 REGULAR SESSION
BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a)
Each domestic corporation, and each foreign corporation authorized to transact business in
this state, shall deliver to the Secretary of State for filing an annual report that sets
forth: (1) The name of the corporation and the state or other jurisdiction under whose law
it is incorporated; (2) The address of its registered office and the name of its registered
agent at that office in this state; (3) The address of its principal office including, in
the case of a foreign corporation, the address of its principal office in the state or other
jurisdiction under whose law it is incorporated; (4) The names and respective addresses of
its president and secretary; and (5) A brief statement of the character of business in which
it is actually engaged in this state. (b) Information in the annual report must be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-16.22.htm - 2K - Match Info - Similar pages
10A-5-9.03
Section 10A-5-9.03 Vesting of certain rights, privileges, powers, property, liabilities, and
duties. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017. (a)
When any merger has become effective under this chapter, for all purposes of the laws of the
state, all the rights, privileges, and powers of each of the domestic limited liability companies
and other business entities that have merged, and all property, real, personal, and
mixed, and all debts due to any of the domestic limited liability companies and other business
entities, as well as all other things and causes of action belonging to each of the domestic
limited liability companies and other business entities, shall be vested in the surviving
or resulting domestic limited liability company or other business entity, and shall thereafter
be the property of the surviving or resulting domestic limited liability company or other
business entity as they were of each of the domestic limited liability...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-5-9.03.htm - 2K - Match Info - Similar pages
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