11-58-4
Section 11-58-4 Board of directors. Each corporation formed under this chapter shall have a
board of directors which shall constitute the governing body of the corporation, consisting
of three members who shall serve without compensation, except that they shall be reimbursed
for actual expenses incurred in the performance of their duties under this chapter and, at
the discretion of the board of directors, may be paid a director's fee of ten dollars ($10)
for each director's meeting attended by them not to exceed a total of one hundred twenty dollars
($120) per member per year. No member of the board shall be an officer of the municipality
or county. The directors of the corporation shall be elected by the governing body of the
respective municipality or county and they shall be so elected that they shall hold office
for staggered terms. The first term of office of one director shall be two years, of another
director shall be four years, and of a third director shall be six years, as...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-58-4.htm - 1K - Match Info - Similar pages

9-6-6
Section 9-6-6 Board of directors. Each public corporation formed under this chapter 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 initial board shall consist of three directors
appointed by the Governor from among the persons who filed the application to incorporate.
The Governor shall appoint the directors as soon as may be practicable after he is notified,
as required in Section 9-6-5, that the public corporation has been formed. The terms of the
directors shall be staggered, the first term of one director being for three years from and
after the date of his appointment, the first term of another director being for six years
from and after the date of his appointment and the first term of the remaining director being
for nine years from and after the date of his appointment; thereafter the term of office of
each director shall be for nine years. Vacancies on the board shall be filled by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-6-6.htm - 2K - Match Info - Similar pages

10A-2A-13.31
Section 10A-2A-13.31 Court costs and expenses. (a) The court in an appraisal proceeding commenced
under Section 10A-2A-13.30 shall determine all court costs of the proceeding, including the
reasonable compensation and expenses of appraisers appointed by the court. The court shall
assess the court costs against the corporation, except that the court may assess court costs
against all or some of the stockholders demanding appraisal, in amounts which the court finds
equitable, to the extent the court finds the stockholders acted arbitrarily, vexatiously,
or not in good faith with respect to the rights provided by this article. (b) The court in
an appraisal proceeding may also assess the expenses of the respective parties in amounts
the court finds equitable: (1) against the corporation and in favor of any or all stockholders
demanding appraisal if the court finds the corporation did not substantially comply with the
requirements of Section 10A-2A-13.20, Section 10A-2A-13.22, Section...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-13.31.htm - 2K - Match Info - Similar pages

12-22-246
Section 12-22-246 Proceedings when undertaking forfeited. When any undertaking of bail under
the provisions of Sections 12-22-244 or 12-22-245 is forfeited by the failure of the defendant
to surrender himself to the sheriff or to appear and answer the charge, according to the terms
and effect of such undertaking, the same proceeding must be had thereon as on the forfeiture
of other undertakings of bail in the circuit court. (Code 1852, §756; Code 1867, §4307;
Code 1876, §4983; Code 1886, §4514; Code 1896, §4323; Code 1906, §6254; Code 1923, §3247;
Code 1940, T. 15, §378.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-22-246.htm - 921 bytes - Match Info - Similar pages

30-3B-307
Section 30-3B-307 Simultaneous proceedings. If a proceeding for enforcement under this article
is commenced in a court of this state and the court determines that a proceeding to modify
the determination is pending in a court of another state having jurisdiction to modify the
determination under Article 2, the enforcing court shall immediately communicate with the
modifying court. The proceeding for enforcement continues unless the enforcing court, after
consultation with the modifying court, stays or dismisses the proceeding. (Act 99-438, p.
866, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/30-3B-307.htm - 866 bytes - Match Info - Similar pages

6-6-228
Section 6-6-228 Determination of issue of fact. When a proceeding under this article involves
the determination of an issue of fact, such issue may be tried and determined in the same
manner as issues of fact are tried and determined in other civil actions in the court in which
the proceeding is pending. (Acts 1935, No. 355, p. 777; Code 1940, T. 7, §164.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-6-228.htm - 665 bytes - Match Info - Similar pages

8-6-119
Section 8-6-119 Judicial validation proceedings. Any judicial validation proceeding instituted
under this article shall conform to and be conducted in accordance with either Section 6-6-750
et seq. or Section 11-81-220 et seq., whichever is applicable to the issuer. The petition
shall allege that the issue of industrial revenue bonds proposed by the issuer is not improvident,
and the director shall be served with notice of the proceeding in the same manner and for
the same time as the district attorney, and may attend the hearing before the circuit court
having jurisdiction of the matter in person or by attorney, present evidence, and be heard
by the court. The court shall not validate unless, pursuant to evidence presented at the hearing,
the court finds and determines that the issue is not improvident. No judicial validation proceedings
shall be instituted under this article until the commission enters a stop order or until the
expiration of 15 days after the proposed industrial...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-6-119.htm - 1K - Match Info - Similar pages

10A-2A-13.30
Section 10A-2A-13.30 Court action. (a) If a stockholder makes demand for payment under Section
10A-2A-13.26 which remains unsettled, the corporation shall commence a proceeding within 60
days after receiving the payment demand and petition the court to determine the fair value
of the stock and accrued interest. If the corporation does not commence the proceeding within
the 60-day period, it shall pay in cash to each stockholder the amount the stockholder demanded
pursuant to Section 10A-2A-13.26 plus interest. (b) The corporation shall commence the proceeding
in the designated court, and if none, the circuit court for the county in which the corporation's
principal office is located in this state, and if none in this state, in the circuit court
for the county in which the corporation's most recent registered office is located. (c) The
corporation shall make all stockholders (regardless of whether they are residents of this
state) whose demands remain unsettled parties to the proceeding...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-13.30.htm - 2K - Match Info - Similar pages

10A-2A-14.08
Section 10A-2A-14.08 Director duties. (a) Directors shall cause the dissolved corporation to
discharge or make reasonable provision for the payment of claims and make distributions in
liquidation of assets to stockholders after payment or provision for claims. (b) Directors
of a dissolved corporation which has disposed of claims under Section 10A-2A-14.06 or Section
10A-2A-14.07 shall not be liable for breach of Section 10A-2A-14.08(a) with respect to claims
against the dissolved corporation that are barred or satisfied under Section 10A-2A-14.06
or Section 10A-2A-14.07. (Act 2019-94, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-14.08.htm - 918 bytes - Match Info - Similar pages

10A-2A-16.05
Section 10A-2A-16.05 Inspection rights of directors. (a) A director of a corporation is entitled
to inspect and copy the books, records, and documents of the corporation at any reasonable
time to the extent reasonably related to the performance of the director's duties as a director,
including duties as a member of a board committee, but not for any other purpose or in any
manner that would violate any duty to the corporation. (b) The designated court, and if none,
the circuit court for the county in which the corporation's principal office is located in
this state, and if none in this state, the circuit court for the county in which the corporation's
most recent registered office is located may order inspection and copying of the books, records,
and documents at the corporation's expense, upon application of a director who has been refused
inspection rights, unless the corporation establishes that the director is not entitled to
inspection rights. The court shall dispose of an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-16.05.htm - 1K - Match Info - Similar pages