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16-13-180
Section 16-13-180 Petition for election; calling of election. Upon a petition signed by 200
or more qualified electors of any county to the county commission, said county commission
shall order an election to be held at the time specified in said petition to determine whether
or not a special tax shall be levied for public school purposes within said county; and, upon
request of the county board of education to the county commission, said court shall order
an election to be held at the time requested by the said board of education to determine whether
or not a special tax shall be levied for public school purposes within any school tax district
in the county under the control of such board; and, upon the request of any city board of
education to the county commission, said court shall order an election to be held at the time
requested by said board of education to determine whether or not a special tax shall be levied
for public school purposes within said city. (School Code 1927,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-180.htm - 1K - Match Info - Similar pages
45-37-72.27
Section 45-37-72.27 Statement of candidacy; petition. (a) No primary election shall be held
to nominate a candidate to fill a vacancy under this subpart. At any election held under this
subpart no person's name shall appear on the ballot as a candidate for the office to be filled
at the election unless such person has filed in the office of the judge of probate of the
county within the time and in the forms prescribed in subsection (b) his or her statement
of candidacy and the petition signed by a least 100 qualified electors of the commission district
requesting that such person become a candidate for the office. (b) Any person desiring to
become a candidate at any election may become such candidate by filing in the office of the
judge of probate of the county such person's statement in writing of such candidacy, accompanied
by such person's affidavit taken and certified by such judge of probate, or by a notary public,
that such person is duly qualified to hold the office for which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-72.27.htm - 3K - Match Info - Similar pages
10A-2-11.03
Section 10A-2-11.03 Action on plan. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE
JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) After adopting a plan of
merger or share exchange, the board of directors of each corporation party to the merger,
and the board of directors of the corporation whose shares will be acquired in the share exchange,
shall submit the plan of merger, except as provided in subsection (g), or share exchange for
approval by its shareholders. (b) For a plan of merger or share exchange to be approved: (1)
The board of directors must recommend the plan of merger or share exchange to the shareholders,
unless the board of directors determines that because of conflict of interest or other special
circumstances it should make no recommendation and communicates the basis for its determination
to the shareholders with the plan; and (2) The shareholders entitled to vote must approve
the plan. (c) Subject to the corporation's articles of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-11.03.htm - 5K - Match Info - Similar pages
11-97-6
Section 11-97-6 Board of directors of corporation; election; terms of office; vacancies; qualifications;
expenses; impeachment. (a) Each corporation shall be governed by a board of directors. All
powers of the corporation shall be exercised by the board or pursuant to its authorization.
The board shall consist of three directors who shall be elected by the governing body of the
determining subdivision for staggered terms as hereinafter provided. The governing body of
the determining subdivision shall specify for which term each director is elected. The initial
term of office of one director shall begin immediately upon his election and shall end at
12:01 o'clock, A.M., on January 1 of the first succeeding odd-numbered calendar year following
his election. The initial term of office of another director shall begin immediately upon
his election and shall end at 12:01 o'clock, A.M., on January 1 of the second succeeding odd-numbered
calendar year following his election. The initial term...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-6.htm - 4K - Match Info - Similar pages
2-10-66
Section 2-10-66 Exchange of stock. Whenever an association organized under this article with
preferred capital stock shall purchase the stock or any property or any interest in any property
of any person, firm, corporation or association, it may discharge the obligations so incurred,
wholly or in part, by exchanging for the acquired interest shares of its preferred capital
stock to an amount which at par value would equal a fair market value of the stock or interest
so purchased, as determined by the board of directors. In that case the transfer to the association
of the stock or interest purchased shall be equivalent to payment in cash for the shares of
stock issued. (Acts 1921, Ex. Sess., No. 31, p. 38; Code 1923, §7144; Code 1940, T. 2, §102.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-10-66.htm - 1K - Match Info - Similar pages
10A-2-13.01
Section 10A-2-13.01 Definitions. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE
JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (1) "Corporate action"
means the filing of articles of merger or share exchange by the judge of probate or Secretary
of State, or other action giving legal effect to a transaction that is the subject of dissenters'
rights. (2) "Corporation" means the issuer of shares held by a dissenter before
the corporate action, or the surviving or acquiring corporation by merger or share exchange
of that issuer. (3) "Dissenter" means a shareholder who is entitled to dissent from
corporate action under Section 10A-2-13.02 and who exercises that right when and in the manner
required by Sections 10A-2-13.20 through 10A-2-13.28. (4) "Fair Value," with respect
to a dissenter's shares, means the value of the shares immediately before the effectuation
of the corporate action to which the dissenter objects, excluding any appreciation or depreciation
in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-13.01.htm - 2K - Match Info - Similar pages
10A-2-13.21
Section 10A-2-13.21 Notice of intent to demand payment. REPEALED IN THE 2019 REGULAR SESSION
BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a)
If proposed corporate action creating dissenters' rights under Section 10A-2-13.02 is submitted
to a vote at a shareholder's meeting, a shareholder who wishes to assert dissenters' rights
(1) must deliver to the corporation before the vote is taken written notice of his or her
intent to demand payment or his or her shares if the proposed action is effectuated; and (2)
must not vote his or her shares in favor of the proposed action. (b) A shareholder who does
not satisfy the requirements of subsection (a) is not entitled to payment for his or her shares
under this article. (Acts 1994, No. 94-245, p. 343, §1; §10-2B-13.21; amended and renumbered
by Act 2009-513, p. 967, §141.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-13.21.htm - 1K - Match Info - Similar pages
10A-30-2.09
Section 10A-30-2.09 Appointment of custodian for close corporation; applicable to corporations
formed as close corporations or electing close corporation status prior to January 1, 1995.
(a) The circuit court of the county in which the corporation has its registered office or
any court in such place having jurisdiction, upon application of any shareholder, may appoint
one or more persons to be custodians, and, if the corporation is insolvent, to be receivers,
of any close corporation when: (1) Pursuant to Section 10A-30-2.08, the business and affairs
of the corporation are managed by the shareholders and they are so divided that the business
of the corporation is suffering or is threatened with irreparable injury and any remedy with
respect to such deadlock provided in the governing documents or in any written agreement of
the shareholders has failed; or (2) The petitioning shareholder has the right to the dissolution
of the corporation under a provision of the certificate of formation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-30-2.09.htm - 2K - Match Info - Similar pages
10A-4-4.02
Section 10A-4-4.02 Merger and conversion. (a) A domestic professional corporation may convert
to or merge with another corporation, professional corporation, or another type of entity,
domestic or foreign, under the Alabama Business Corporation Law, or may merge with or convert
to another type of entity as permitted by Article 8 of Chapter 1. Upon the merger, consolidation,
or conversion, if the surviving or new corporation or converted entity, as the case may be,
is to render professional services in Alabama, it shall comply with the provisions of this
chapter. (b) An unincorporated professional association organized under Article 1 of Chapter
30 may merge or consolidate with a professional corporation organized under this chapter.
In the merger, the procedure specified in the Alabama Business Corporation Law shall apply,
provided that: (1) The surviving corporation shall be a domestic professional corporation,
(2) The following terms, when used in the Alabama Business Corporation Law...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-4-4.02.htm - 2K - Match Info - Similar pages
11-91-2
Section 11-91-2 Contracting for and purchase of insurance policies generally; requirements
as to amounts of insurance under policies and coverage of policies. (a) All such governing
bodies shall have authority to contract for and purchase any or all such policies of insurance
from any insurer or insurers admitted to transact the business of such insurance in the State
of Alabama, and the governing bodies of all state colleges and universities shall have, in
addition to powers previously granted, the authority to contract for and purchase any or all
such policies of insurance from any nonprofit corporation organized and operated without profit
to any private shareholder or individual exclusively for the purpose of aiding or strengthening
educational institutions by issuing insurance and annuity contracts only to or for the benefit
of such institutions and individuals engaged in the services of such institutions. (b) The
amounts of insurance under any such policy must be based upon some...
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