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10A-4-5.02
Section 10A-4-5.02 Admission of foreign professional corporations. (a) A foreign professional
corporation shall be entitled to register under Article 7 of Chapter 1 for authority to render
professional services in Alabama only if: (1) A professional corporation incorporated under
this chapter would be allowed to register or procure a certificate of authority or equivalent
authorization to render professional services in the state under whose laws the foreign professional
corporation is organized; (2) The foreign professional corporation meets the requirements
of Section 10A-4-2.01; (3) The foreign professional corporation designates the Alabama licensed
individual or individuals through whom it will render professional services in Alabama and
the individual or individuals are not, at time of the designation, so designated by any other
foreign professional corporation; (4) The name of the foreign professional corporation meets
the requirements of Section 10A-1-5.08, provided that the...
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11-101A-17
Section 11-101A-17 Securities are legal investments. Securities issued under this chapter are
hereby made legal investments for savings banks and insurance companies organized under the
laws of the state. Unless otherwise directed by the court having jurisdiction thereof or the
document that is the source of authority, a trustee, executor, administrator, guardian, or
one acting in any other fiduciary capacity may, in addition to any other investment powers
conferred by law and with the exercise of reasonable business prudence, invest trust funds
in securities of an authority. The governing body of any authorizing subdivision, or any county
or municipality in which any project of an authority may be situated, may, in its discretion,
invest in securities of the authority any idle or surplus money held in its treasury which
is not otherwise earmarked or pledged. (Act 2001-642, p. 1317, ยง1.)...
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16-60-4
Section 16-60-4 Athens State University; powers generally. The school established at Athens,
Alabama, known as and called Athens State College, is and shall remain a body corporate under
the corporate name of Athens State University, and by that name may have and exercise all
powers previously enjoyed by Athens State College and shall succeed to all the rights, privileges,
obligations, liabilities, emoluments, benefits, interests, and titles at any time vested in
the institution in its respective names. None of the powers, authority, obligations, liabilities,
or functions of the institution shall be abated or impaired by this section. Only the name
of the institution shall be changed by this section. Whenever the institution is referred
to in the constitution, laws, rules, or regulations of this state, or any instrumentality
of this state, by any one of the respective names by which it has been known, the same shall
be considered to refer to Athens State University. (Act 98-640, p....
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17-5-14
Section 17-5-14 Corporate contributions or expenditures to political action committees; establishment
by corporation; actions by utilities. (a) A corporation incorporated or organized under the
laws of this state, or doing business in this state, may make a contribution or expenditure
to or on behalf of any candidate or political action committee in the same manner that an
individual is permitted to make under the laws of this state, except as otherwise expressly
prohibited by subsection (c). (b) Any corporation may establish a political action committee,
subject to the provisions of this section. Any corporation or any officer, employee, or agent
acting on behalf of such corporation, is also permitted to give, pay, expend, or contribute
money, services, or anything of value for the purposes of establishing, administering, or
soliciting voluntary contributions to a separate, segregated fund to be utilized for political
purposes as permitted by Section 17-5-14.1. (c) A utility regulated...
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2-10-27
Section 2-10-27 Authority to acquire stock and execute mortgages. All cooperative agricultural
associations of any kind or character whatsoever, heretofore or hereafter organized under
the laws of the State of Alabama, are hereby authorized and empowered to purchase or otherwise
acquire and to hold stock in the New Orleans Bank for Cooperatives and in the Central Bank
for Cooperatives in accordance with the provisions of the Farm Credit Act of 1971, as heretofore
amended and as it may hereafter be amended by the Congress of the United States. All corporations,
heretofore or hereafter organized under the laws of the State of Alabama, which are eligible
to borrow from production credit associations, are hereby authorized and empowered to purchase
or otherwise acquire and to hold stock in production credit associations in accordance with
the provisions of the Farm Credit Act of 1971, as heretofore amended and as it may hereafter
be amended by the Congress of the United States....
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27-4A-2
Section 27-4A-2 Definitions. For the purposes of this chapter only, the following terms, unless
the context clearly indicates otherwise, shall have the meanings: (1) ANNUITY CONSIDERATIONS.
All sums received as consideration for annuity contracts. (2) COMMISSIONER. The Commissioner
of Insurance of the State of Alabama. (3) DEPARTMENT. The Department of Insurance of the State
of Alabama. (4) DOMESTIC INSURER. Any insurer organized under the laws of the State of Alabama
which maintains its principal office and chief place of business in the State of Alabama.
(5) FOREIGN INSURER. Any insurer organized under the laws of any country or of any state of
the United States other than the State of Alabama and any insurer organized under the laws
of Alabama which maintains its principal office or chief place of business outside the State
of Alabama. (6) INSURER. Every insurer as defined in Section 27-1-2, and every other insurance
company or association charging a premium for contracts entered...
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34-24-53
Section 34-24-53 Board of Medical Examiners - Powers and duties generally; rules and regulations;
quorum; fund to defray litigation costs. (a) The Board of Censors of the Medical Association
of the State of Alabama, as constituted under the laws now in force, or which may hereafter
be in force, and under the constitution of the association, as the constitution now exists
or may hereafter exist, is constituted the State Board of Medical Examiners and is charged
with the duties and clothed with the powers hereinafter prescribed; the board is hereby vested
with authority to adopt and promulgate rules and regulations and to do such other acts as
may be necessary to carry into effect the duties and powers which accrue to it under laws
now in force or which may hereafter be in force; and a quorum as provided for by the constitution
of the Medical Association of the State of Alabama shall be competent to act. (b) The board
is hereby specifically authorized to set aside from its general...
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40-16-2
Section 40-16-2 Production credit associations taxable under chapter. Production credit associations,
incorporated pursuant to the provisions of the act of Congress known as the Farm Credit Act
of 1933, are not foreign corporations, and any such association which may become taxable by
the state shall be subject to the same taxation imposed upon national banks under the provisions
of this chapter, and such associations shall be exempt from all other forms of income, privilege
and license taxes imposed by the state. (Acts 1965, No. 276, p. 390.)...
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5-20-4
Section 5-20-4 Establishment or acquisition of a credit card bank. Subject to the provisions
of this chapter and to the prior approval of the superintendent, any bank holding company,
bank holding company subsidiary, domestic lender or foreign lender may, either singly or jointly
with other bank holding companies, bank holding company subsidiaries, domestic lenders or
foreign lenders, establish or acquire, and own and control all the voting shares of a single
credit card bank located in Alabama when and for so long as the following conditions are satisfied:
(1) If the credit card bank is to be organized under the laws of this state, such bank shall
be organized as provided in this chapter and in the manner provided in Chapter 5A of this
title; (2) In connection with the application to organize, or to acquire control of a credit
card bank, the applicant or applicants shall pay one filing fee to the Alabama Department
of Banking in an amount not less than $15,000 to be set by the...
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5-5A-20
Section 5-5A-20 Branch banks; commercial affiliates. (a) Alabama banks may establish a branch
or office for the transaction of the banking business within the State of Alabama upon prior
approval of the superintendent. Alabama banks may establish a branch or office for the transaction
of a banking business in any state other than Alabama, any territory of the United States,
or in any foreign country in accordance with the provisions of federal law, the laws of the
other state, territory, or foreign country and upon the prior approval of the superintendent.
(b) All laws or parts of laws, whether general, local, or general laws of local applications,
which conflict with this section are hereby repealed to the extent of such conflict. (c) Neither
an Alabama bank nor an out-of-state bank may establish or maintain a branch or office for
the transaction of the banking business in Alabama on the premises of a commercial affiliate
of the bank. For purposes of this section, commercial affiliate...
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