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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 REPEALED IN THE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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-6.27.htm - 3K - Match Info - Similar pages
10A-2A-7.25
Section 10A-2A-7.25 Quorum and voting requirements for voting groups. (a) Stock entitled to
vote as a separate voting group may take action on a matter at a meeting only if a quorum
of those shares of stock exists with respect to that matter. Unless the certificate of incorporation
provides otherwise, stock representing a majority of the votes entitled to be cast on the
matter by the voting group constitutes a quorum of that voting group for action on that matter.
Whenever this chapter requires a particular quorum for a specified action, the certificate
of incorporation may not provide for a lower quorum. (b) Once a share of stock is represented
for any purpose at a meeting, it is deemed present for quorum purposes for the remainder of
the meeting and for any adjournment of that meeting unless a new record date is or must be
fixed for that adjourned meeting. (c) If a quorum exists, action on a matter (other than the
election of directors) by a voting group is approved if the votes cast...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-7.25.htm - 2K - Match Info - Similar pages
10A-2-13.32
Section 10A-2-13.32 Status of shares after payment. REPEALED IN THE 2019 REGULAR SESSION BY
ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Shares
acquired by a corporation pursuant to payment of the agreed value therefor or to payment of
the judgment entered therefor, as in this chapter provided, may be held and disposed of by
the corporation as in the case of other treasury shares, except that, in the case of a merger
or share exchange, they may be held and disposed of as the plan of merger or share exchange
may otherwise provide. (Acts 1994, No. 94-245, p. 343, §1; §10-2B-13.32; amended and renumbered
by Act 2009-513, p. 967, §143.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-13.32.htm - 1008 bytes - Match Info - Similar pages
10A-2A-10.05
Section 10A-2A-10.05 Amendment by board of directors. Unless the certificate of incorporation
provides otherwise, a corporation's board of directors may adopt amendments to the corporation's
certificate of incorporation without stockholder approval: (a) to extend the duration of the
corporation if it was incorporated at a time when limited duration was required by law; (b)
to delete the names and addresses of the incorporators or initial directors; (c) to delete
the name and address of the initial registered agent or registered office, if a statement
of change is on file with the Secretary of State; (d) if the corporation has only one class
of stock outstanding: (1) to change each issued and unissued authorized share of stock of
the class into a greater number of whole shares of stock of that class; or (2) to increase
the number of authorized shares of stock of the class to the extent necessary to permit the
issuance of stock as a stock dividend; (e) to change the corporate name,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-10.05.htm - 2K - Match Info - Similar pages
5-5A-7
Section 5-5A-7 Procedure for incorporation - Filing and recordation of certificate of incorporation.
The official or officials designated by the business corporation laws to file certificates
of incorporation shall, upon the certificate of incorporation being duly signed by the incorporators
and proof being duly made as required by law of the payment of subscription to the capital,
file and record the certificate of incorporation and other papers necessary or deemed necessary
in the incorporation of the bank, together with the said certificate issued by the superintendent.
(Acts 1980, No. 80-658, §5-5-7.)...
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10A-2A-6.22
Section 10A-2A-6.22 Liability of stockholders. (a) A purchaser from a corporation of the corporation's
own stock is not liable to the corporation or its creditors with respect to the stock except
to pay the consideration for which the stock was authorized to be issued or specified in the
subscription agreement. (b) A stockholder is not personally liable for any liabilities of
the corporation (including liabilities arising from acts of the corporation) except to the
extent provided in a provision of the certificate of incorporation permitted by Section 10A-2A-2.02.
(Act 2019-94, §1.)...
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5-5A-6
Section 5-5A-6 Procedure for incorporation - Certificate of Superintendent of Banks authorizing
filing of certificate of incorporation. If the superintendent shall be satisfied from his
investigation that the character and general fitness of the persons named as stockholders
and executive officers are such as to command the confidence of the community in which such
bank is proposed to be located and that there is sufficient business to support said bank
in said community and that the convenience and needs of said community shall be served, he
shall pass upon the sufficiency of the certificate of incorporation; and, if he approves the
certificate he shall issue under his hand and official seal a certificate authorizing the
proper official or officials to file the certificate of incorporation upon proof of payment
of subscription to the capital subscribed for as required by law. The superintendent shall
transmit the proposed certificate of incorporation, together with said certificate...
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6-11-57
Section 6-11-57 Applicability. This article shall apply to any transfer of structured settlement
payment rights under a transfer agreement entered into on or after the 30th day after July
1, 2006; provided, however, that nothing contained herein shall imply that any transfer under
a transfer agreement reached prior to such date is either effective or ineffective. (Act 2006-628,
p. 1714, §8.)...
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27-31-18
Section 27-31-18 Subscribers; exchange of insurance contracts; liability of representatives.
Individuals, partnerships, and corporations of this state may make application, enter into
agreement for, and hold, policies or contracts in, or with, and be a subscriber of any domestic,
foreign, or alien reciprocal insurer. Any corporation now or hereafter organized under the
laws of this state shall, in addition to the rights, powers, and franchises specified in its
articles of incorporation, have full power and authority as a subscriber to exchange insurance
contracts through such reciprocal insurer. The right to exchange such contracts is hereby
declared to be incidental to the purposes for which such corporations are organized and to
be as fully granted as the rights and powers expressly conferred upon such corporations. Government
or governmental agencies, state or political subdivisions thereof, boards, associations, estates,
trustees, or fiduciaries are authorized to exchange...
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34-23-112
Section 34-23-112 Required contractual provisions. Any agreement or contract entered into in
this state between the program administrator of a third party program and a pharmacy shall
include a statement of the method and amount of reimbursement to the pharmacy for services
rendered to persons enrolled in the program, the frequency of payment by the program administrator
to the pharmacy for such services rendered, and a method for the adjudication of complaints
or the settlement of disputes between the parties. (Acts 1981, No. 81-337, p. 477, §3.)...
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