10A-2-10.04
Section 10A-2-10.04 Voting on amendments by voting groups. REPEALED IN THE 2019 REGULAR
SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The holders of the outstanding shares of a class are entitled to vote as a separate voting
group, if shareholder voting is otherwise required by this chapter, on a proposed amendment
if the amendment would: (1) Increase or decrease the aggregate number of authorized shares
of the class; (2) Effect an exchange or reclassification of all or part of the shares of the
class into shares of another class; (3) Effect an exchange or reclassification, or create
the right of exchange, of all or part of the shares of another class into shares of the class;
(4) Change the designation, rights, preferences, or limitations of all or part of the shares
of the class; (5) Change the shares of all or part of the class into a different number of
shares of the same class; (6) Create a new class of shares having rights or...
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11-47-218
Section 11-47-218 Powers of authorities generally; location of projects; exercise of
power of eminent domain. (a) In addition to all other powers at any time conferred on it by
law, and subject to any express provisions of its certificate of incorporation to the contrary,
an authority shall have the following lawful powers, together with all powers incidental thereto
or necessary to discharge thereof in the corporate form: (1) To have succession by its corporate
name in perpetuity or for the duration specified in its certificate of incorporation. (2)
To sue and be sued in its own name in civil actions and to defend actions against it. (3)
To adopt and make use of a corporate seal and to alter the same at pleasure. (4) To adopt,
alter, and repeal bylaws, regulations, and rules, not inconsistent with this article or its
certificate of incorporation, for the regulation and conduct of the affairs and business of
the authority. (5) To acquire, receive, take, and hold, whether by purchase,...
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45-49-85
Section 45-49-85 Indexing system. (a) The following words, phrases, and terms including
the plural of any thereof, whenever used in this section, shall have the following
respective meanings: (1) CODE. The Code of Alabama, 1975, as amended. (2) COMPUTERIZED METHODS
OF INDEXING. The use of computer hardware and software to alphabetize, store, assemble, transmit
electronically, and generally prepare index information and shall include, but shall not be
limited to, the following: a. Display terminals used to enter, transmit, and retrieve index
information for specified periods. b. Computer speed printers used to prepare hard copy index
books. c. Storage of index information using disks, magnetic tape, cartridges, chips, or any
other method approved by the judge of probate. d. Computer processors to sort and alphabetize
index information. e. Any other computer techniques or equipment necessary for preparing the
various indexes. (3) COUNTY. Mobile County, Alabama. (4) GENERAL PROPERTY...
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10A-20-7.02
Section 10A-20-7.02 Incorporation. (a) Five or more financial institutions or persons,
a majority of whom shall be residents of this state, who may desire to create an industrial
development corporation under the provisions of this article for the purpose of promoting,
developing, and advancing the prosperity and economic welfare of the state and, to that end,
to exercise the powers and privileges provided in this article may be incorporated by delivering
to the Secretary of State for filing a certificate of formation. The filing of the certificate
shall be accompanied by a filing fee in the amount prescribed to be paid to the Secretary
of State under Section 10A-1-4.31 in connection with the filing of a certificate of
formation. The certificate of formation shall contain: (1) The name of the corporation which
shall include the words "industrial development corporation of Alabama." (2) The
location of the principal office of the corporation, but the corporation may have offices
in...
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10A-2-6.27
Section 10A-2-6.27 Restriction on transfer of shares and other securities. REPEALED
IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (a) The articles of incorporation, bylaws, an agreement among shareholders,
or an agreement between shareholders and the corporation may impose restrictions on the transfer
or registration of transfer of shares of corporation. A restriction does not affect shares
issued before the restriction was adopted unless the holders of the shares are parties to
the restriction agreement or voted in favor of the restriction. (b) A restriction on the transfer
or registration of transfer of shares is valid and enforceable against the holder or a transferee
of the holder including an executor, administrator, trustee, guardian, conservator or other
fiduciary entrusted with like responsibility for the person or estate of the holder, provided
the restriction is authorized by this section and, as provided by...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus
Lines Insurance Multi-State Compliance Compact Act is enacted into law and entered into with
all jurisdictions mutually adopting the compact in the form substantially as follows: PREAMBLE
WHEREAS, with regard to Non-Admitted Insurance policies with risk exposures located in multiple
states, the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted
and Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
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10A-2-8.06
Section 10A-2-8.06 Staggered terms for directors. REPEALED IN THE 2019 REGULAR SESSION
BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. If there
are nine or more directors, the articles of incorporation may provide for staggering their
terms by dividing the total number of directors into two or three groups, with each group
containing one-half or one-third of the total, as near as may be. In that event, the terms
of directors in the first group expire at the first annual shareholders' meeting after their
election, the terms of the second group expire at the second annual shareholders' meeting
after their election, and the terms of the third group, if any, expire at the third annual
shareholders' meeting after their election. At each annual shareholders' meeting held thereafter,
directors shall be chosen for a term of two years or three years, as the case may be, to succeed
those whose terms expire. (Acts 1994, No. 94-245, p. 343, §1; §10-2B-8.06;...
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16-17A-5
Section 16-17A-5 Articles of incorporation - Amendments. (a) The articles of incorporation
of any authority may be amended by filing articles of amendment with the Secretary of State,
but only with the approval of both the board of the authority and the sponsoring university,
in the manner provided in this section. (b) In order to amend the articles of incorporation,
the following steps shall be completed: (1) The board of the authority shall first adopt a
resolution proposing articles of amendment. (2) After the adoption by the board of a resolution
approving articles of amendment, the authority shall file with the sponsoring university a
written request for adoption of a resolution approving the proposed amendment. (3) As promptly
as may be practicable after the receipt of the request from the authority, the sponsoring
university shall review the application and shall adopt a resolution either approving or denying
the articles of amendment as proposed by the authority. (c) Within 30...
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5-13B-98
Section 5-13B-98 Filing of amendments to articles of incorporation. A foreign bank which
is licensed to maintain an Alabama state branch or Alabama state agency, whenever its articles
of incorporation are amended, shall forthwith file in the office of the superintendent a copy
of such amendment duly authenticated by the proper officer of the country of such foreign
bank's organization, but the filing thereof may not of itself enlarge or alter the purpose
or purposes for which such foreign bank is authorized to pursue in the transaction of its
business in this state, nor authorize such foreign bank to transact business in this state
under any name other than the name set forth in its license, nor extend the duration of its
corporate existence. (Acts 1995, No. 95-115, p. 134, §46.)...
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10A-2-10.20
Section 10A-2-10.20 Amendment by board of directors or 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 amend or repeal the corporation's
bylaws unless: (1) The articles of incorporation or this chapter reserve this power exclusively
to the shareholders in whole or part; or (2) The shareholders in amending or repealing a particular
bylaw provide expressly that the board of directors may not amend or repeal that bylaw. (b)
A corporation's shareholders may amend or repeal the corporation's bylaws even though the
bylaws may also be amended or repealed by its board of directors. (Acts 1994, No. 94-245,
p. 343, §1; §10-2B-10.20; amended and renumbered by Act 2009-513, p. 967, §131.)...
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