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10A-11-1.10
Section 10A-11-1.10 Internal capital accounts. (a) Any employee cooperative may establish through
its governing documents a system of internal capital accounts, to reflect the book value and
to determine the redemption price of membership shares, capital stock, and written notices
of allocation. (b) The governing documents of an employee cooperative may permit the periodic
redemption of written notices of allocation and capital stock, and shall provide for recall
and redemption of the membership share upon termination of membership in the cooperative.
No redemption shall be made if the redemption would result in the liability of any director
or officer of the employee cooperative. (c) The governing documents may provide for the employee
cooperative to pay or credit interest on the balance in each member's internal capital account.
(d) The governing documents may authorize assignment of a portion of retained net earnings
and net losses to a collective reserve account. Earnings assigned...
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10A-11-1.02
Section 10A-11-1.02 Definitions. As used in this chapter, the following words shall have the
following meanings: (1) COLLECTIVE RESERVE ACCOUNT. An internal capital account that represents
the portion of the net book value of the corporation attributable to the cooperative. (2)
EMPLOYEE COOPERATIVE. A corporation which has elected to be governed by this chapter. (3)
INTERNAL CAPITAL ACCOUNT COOPERATIVE. An employee cooperative governed in accordance with
Section 10A-11-1.11. (4) INTERNAL CAPITAL ACCOUNTS. A system of accounts on the books of an
employee cooperative that reflects the book value of the corporation. (5) MEMBER. A natural
person who has been accepted for membership in and owns a membership share issued by an employee
cooperative. (6) MEMBERSHIP FEE. The consideration paid for a membership share. (7) MEMBERSHIP
SHARE. A single share of voting stock issued to each member of a worker cooperative as evidence
of membership. (8) PATRONAGE. The amount of work performed as a...
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10A-1-1.03
Section 10A-1-1.03 Definitions. As used in this title, unless the context otherwise requires,
the following terms mean: (1) AFFILIATE. A person who controls, is controlled by, or is under
common control with another person. An affiliate of an individual includes the spouse, or
a parent or sibling thereof, of the individual, or a child, grandchild, sibling, parent, or
spouse of any thereof, of the individual, or an individual having the same home as the individual,
or a trust or estate of which an individual specified in this sentence is a substantial beneficiary;
a trust, estate, incompetent, conservatee, protected person, or minor of which the individual
is a fiduciary; or an entity of which the individual is director, general partner, agent,
employee or the governing authority or member of the governing authority. (2) ASSOCIATE. When
used to indicate a relationship with: (A) a domestic or foreign entity for which the person
is: (i) an officer or governing person; or (ii) a beneficial...
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10A-11-1.11
Section 10A-11-1.11 Internal capital account cooperatives. (a) An internal capital account
cooperative is a worker cooperative whose entire net book value is reflected in internal capital
accounts, one for each member, and a collective reserve account, and in which no persons other
than members own capital stock. In an internal capital account cooperative, each member shall
have one and only one vote in any matter requiring voting by stockholders. (b) An internal
capital account cooperative shall credit the paid-in membership fee and additional paid-in
capital of a member to the member's internal capital account and shall also record the apportionment
of retained net earnings or net losses to the members in accordance with patronage by appropriately
crediting or debiting the internal capital accounts of members. The collective reserve account
in an internal capital account cooperative shall reflect any paid-in capital, net losses,
and retained net earnings not allocated to individual...
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10A-11-1.09
Section 10A-11-1.09 Apportionment, etc., of net earnings or losses. (a) The net earnings or
losses of an employee cooperative shall be apportioned and distributed at such times and in
such manner as the governing documents specify. Net earnings declared as patronage allocations
with respect to a period of time, and paid or credited to members, shall be apportioned among
the members in accordance with the ratio which each member's patronage during the period involved
bears to total patronage by all members during that period. (b) The apportionment, distribution,
and payment of net earnings required by subsection (a) may be in cash, credits, written notices
of allocation, or capital stock issued by the employee cooperative. (Act 97-949, p. 524, §9;
§10-14-9; amended and renumbered by Act 2009-513, p. 967, §312.)...
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10A-2A-1.40
Section 10A-2A-1.40 Chapter definitions. Notwithstanding Section 10A-1-1.03, as used in this
chapter, unless otherwise specified or unless the context otherwise requires, the following
terms have the following meanings: (1) AUTHORIZED STOCK means the stock of all classes and
series a corporation or foreign corporation is authorized to issue. (2) BENEFICIAL STOCKHOLDER
means a person who owns the beneficial interest in stock, which is either a record stockholder
or a person on whose behalf shares of stock are registered in the name of an intermediary
or nominee. (3) CERTIFICATE OF INCORPORATION means the certificate of incorporation described
in Section 10A-2A-2.02, all amendments to the certificate of incorporation, and any other
documents permitted or required to be delivered for filing by a corporation with the Secretary
of State under this chapter or Chapter 1 that modify, amend, supplement, restate, or replace
the certificate of incorporation. After an amendment of the certificate...
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40-27-1
Section 40-27-1 Compact adopted; terms. The following Multistate Tax Compact is hereby approved,
adopted and enacted into law by the State of Alabama: Multistate Tax Compact Article I. Purposes.
The purposes of this compact are to: 1. Facilitate proper determination of state and local
tax liability of multistate taxpayers, including the equitable apportionment of tax bases
and settlement of apportionment disputes. 2. Promote uniformity or compatibility in significant
components of tax systems. 3. Facilitate taxpayer convenience and compliance in the filing
of tax returns and in other phases of tax administration. 4. Avoid duplicative taxation. Article
II. Definitions. As used in this compact: 1. "State" means a state of the United
States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or possession
of the United States. 2. "Subdivision" means any governmental unit or special district
of a state. 3. "Taxpayer" means any corporation, partnership, firm,...
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44-2-10
Section 44-2-10 Text of compact. The Interstate Compact for Juveniles is enacted into law and
entered into with all jurisdictions mutually adopting the compact in the form substantially
as follows: THE INTERSTATE COMPACT FOR JUVENILES Article I. Purpose. The compacting states
to this interstate compact recognize that each state is responsible for the proper supervision
or return of juveniles, delinquents and status offenders who are on probation or parole and
who have absconded, escaped or run away from supervision and control and in so doing have
endangered their own safety and the safety of others. The compacting states also recognize
that each state is responsible for the safe return of juveniles who have run away from home
and in doing so have left their state of residence. The compacting states also recognize that
Congress, by enacting the Crime Control Act, 4 U.S.C. Section 112 (1965), has authorized and
encouraged compacts for cooperative efforts and mutual assistance in the...
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22-18-50
Section 22-18-50 Enactment and text of Emergency Medical Services Personnel Licensure Interstate
Compact. The Emergency Medical Services Personnel Licensure Interstate Compact is hereby enacted
into law and entered into with all other jurisdictions legally joining therein in form substantially
as follows: SECTION 1. PURPOSE In order to protect the public through verification of competency
and ensure accountability for patient care related activities all states license emergency
medical services (EMS) personnel, such as emergency medical technicians (EMTs), advanced EMTs
and paramedics. This Compact is intended to facilitate the day to day movement of EMS personnel
across state boundaries in the performance of their EMS duties as assigned by an appropriate
authority and authorize state EMS offices to afford immediate legal recognition to EMS personnel
licensed in a member state. This Compact recognizes that states have a vested interest in
protecting the public's health and safety...
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10A-11-1.06
Section 10A-11-1.06 Members; membership shares; rights and responsibilities. (a) The governing
documents shall establish qualifications and the method of acceptance and termination of members.
No person may be accepted as a member unless employed by the employee cooperative on a full-time
or part-time basis. In order to qualify for membership, part-time employment shall be at least
half-time. (b) An employee cooperative shall issue a class of voting stock designated as "membership
shares." Each member shall own only one membership share, and only members may own such
shares. (c) Membership shares shall be issued for a fee as shall be determined by the directors.
An employee cooperative may allow for payment of such fee by payroll deduction, installments,
or similar methods. A membership share may be issued to a person upon acceptance for membership
regardless of whether the membership fee is fully paid. (d) Members of an employee cooperative
shall have all the rights and...
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