Code of Alabama

Search for this:
 Search these answers
151 through 160 of 962 similar documents, best matches first.
<<previous   Page: 12 13 14 15 16 17 18 19 20 21   next>>

10A-2A-14.14
Section 10A-2A-14.14 Election to purchase in lieu of dissolution. (a) In a proceeding under
Section 10A-2A-14.10(a)(2) to dissolve a corporation, the corporation may elect or, if it
fails to elect, one or more stockholders may elect to purchase all stock owned by the petitioning
stockholder at the fair value of the stock. An election pursuant to this section shall be
irrevocable unless the court determines that it is equitable to set aside or modify the election.
(b) An election to purchase pursuant to this section may be filed with the court at any time
within 90 days after the filing of the petition under Section 10A-2A-14.10(a)(2) or at a later
time as the court in its discretion may allow. If the election to purchase is filed by one
or more stockholders, the corporation shall, within 10 days thereafter, give written notice
to all stockholders, other than the petitioner. The notice must state the name and number
of shares of stock owned by the petitioner and the name and number of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-14.14.htm - 5K - Match Info - Similar pages

10A-2A-17.06
Section 10A-2A-17.06 Rights of action. (a) Except in a proceeding authorized under Section
10A-2A-17.05(c) or this section, no person other than the corporation, or a stockholder in
the right of the corporation pursuant to subsection (b), may bring an action or assert a claim
with respect to the violation of any duty applicable to a benefit corporation or any of its
directors under this article. (b) Except for a proceeding brought under Section 10A-2A-17.05(c),
a proceeding by a stockholder of a benefit corporation claiming violation of any duty applicable
to a benefit corporation or any of its directors under this article: (1) must be brought in
a derivative proceeding pursuant to Division D of Article 7 of this chapter; and (2) may be
brought only by a stockholder of the benefit corporation that at the time of the act or omission
complained of either individually, or together with other stockholders bringing such action
collectively, owned directly or indirectly at least five percent...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-17.06.htm - 2K - Match Info - Similar pages

10A-2A-7.29
Section 10A-2A-7.29 Inspectors of election. (a) The corporation shall, in advance of any meeting
of stockholders, appoint one or more inspectors to act at the meeting and make a written report
thereof. The corporation may designate one or more persons as alternate inspectors to replace
any inspector who fails to act. If no inspector or alternate is able to act at a meeting of
stockholders, the person presiding at the meeting shall appoint one or more inspectors to
act at the meeting. Each inspector, before entering upon the discharge of the duties of inspector,
shall take and sign an oath faithfully to execute the duties of inspector with strict impartiality
and according to the best of the inspector's ability. (b) The inspectors shall: (1) Ascertain
the number of shares of stock outstanding and the voting power of each; (2) Determine the
shares of stock represented at a meeting and the validity of proxies and ballots; (3) Count
all votes and ballots; (4) Determine and retain for a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-7.29.htm - 4K - Match Info - Similar pages

16-60-83
Section 16-60-83 Authorization to form public corporation. The Governor, the Director of Finance
and the State Superintendent of Education may become a public corporation with the powers
hereinafter provided by proceeding according to the provisions of Section 16-60-84. (Acts
1963, 2nd Ex. Sess., No. 93, p. 259, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-60-83.htm - 626 bytes - Match Info - Similar pages

30-3B-308
Section 30-3B-308 Expedited enforcement of child custody determination. (a) A petition under
this article must be verified. Certified copies of all orders sought to be enforced and of
any order confirming registration must be attached to the petition. A copy of a certified
copy of an order may be attached instead of the original. (b) A petition for enforcement of
a child custody determination must state: (1) Whether the court that issued the determination
identified the jurisdictional basis it relied upon in exercising jurisdiction and, if so,
what the basis was; (2) Whether the determination for which enforcement is sought has been
vacated, stayed, or modified by a court whose decision must be enforced under this chapter
and, if so, identify the court, the case number, and the nature of the proceeding; (3) Whether
any proceeding has been commenced that could affect the current proceeding, including proceedings
relating to domestic violence, protective orders, termination of parental...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/30-3B-308.htm - 3K - Match Info - Similar pages

30-3D-207
Section 30-3D-207 Determination of controlling child-support order. (a) If a proceeding is
brought under this chapter and only one tribunal has issued a child-support order, the order
of that tribunal controls and must be recognized. (b) If a proceeding is brought under this
chapter, and two or more child-support orders have been issued by tribunals of this state,
another state, or a foreign country with regard to the same obligor and same child, a tribunal
of this state having personal jurisdiction over both the obligor and individual obligee shall
apply the following rules and by order shall determine which order controls and must be recognized:
(1) If only one of the tribunals would have continuing, exclusive jurisdiction under this
chapter, the order of that tribunal controls. (2) If more than one of the tribunals would
have continuing, exclusive jurisdiction under this chapter: (A) an order issued by a tribunal
in the current home state of the child controls; or (B) if an order...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/30-3D-207.htm - 3K - Match Info - Similar pages

33-13-3
Section 33-13-3 Authorization to form public corporation. The Governor, the Director of Finance,
one member of the Senate, appointed by the president of the Senate, one member of the House
of Representatives, appointed by the Speaker of the House, and the director of the State Docks
Department shall become a public corporation with the powers hereinafter provided, by proceeding
according to the provisions of this chapter. (Acts 1975, 2nd Ex. Sess., No. 78, p. 206, §3.)...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-13-3.htm - 779 bytes - Match Info - Similar pages

10A-2-14.34
Section 10A-2-14.34 Election to purchase in lieu of dissolution. REPEALED IN THE 2019 REGULAR
SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) In a proceeding under Section 10A-2-14.30(2) to dissolve a corporation that has no shares
listed on a national securities exchange or regularly traded in a market maintained by one
or more members of a national or affiliated securities association, the corporation may elect
or, if it fails to elect, one or more shareholders may elect to purchase all shares owned
by the petitioning shareholder at the fair value of the shares. An election pursuant to this
section shall be irrevocable unless the court determines that it is equitable to set aside
or modify the election. (b) An election to purchase pursuant to this section may be filed
with the court at any time within 90 days after the filing of the petition under Section 10A-2-14.30(2)
or at a later time as the court in its discretion may allow. If...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-14.34.htm - 6K - Match Info - Similar pages

10A-2A-8.50
Section 10A-2A-8.50 Division definitions. In this division: (1) "Corporation" includes
any domestic or foreign predecessor entity of a corporation. (2) "Director" or "officer"
means an individual who is or was a director or officer, respectively, of a corporation or
who, while a director or officer of the corporation, is or was serving at the corporation's
request as a director, officer, manager, partner, trustee, employee, or agent of another entity
or employee benefit plan. A director or officer is considered to be serving an employee benefit
plan at the corporation's request if the individual's duties to the corporation also impose
duties on, or otherwise involve services by, the individual to the plan or to participants
in or beneficiaries of the plan. "Director" or "officer" includes, unless
the context requires otherwise, the estate or personal representative of a director or officer.
(3) "Liability" means the obligation to pay a judgment, settlement, penalty, fine
(including an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-8.50.htm - 2K - Match Info - Similar pages

11-50-234
Section 11-50-234 Board of directors. (a) Each corporation formed under this division shall
have a board of directors which shall constitute the governing body of the corporation, which
board shall consist of at least three members. All members of the board of directors shall
be reimbursed for actual expenses incurred in and about the performance of their duties under
this division, and the chairman of said board may, at the discretion of the board of directors,
be paid a director's fee in an amount not exceeding $15.00 each month, and each member of
the board of directors other than the chairman may be paid a director's fee in an amount not
exceeding $10.00 each month. Any officer of the municipality shall be eligible for appointment
and may serve as a member of the board of directors but shall not receive a fee for his services;
provided, that at no time shall the board consist of more than two officers of the municipality.
The directors of the corporation shall be elected by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-234.htm - 3K - Match Info - Similar pages

151 through 160 of 962 similar documents, best matches first.
<<previous   Page: 12 13 14 15 16 17 18 19 20 21   next>>