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27-1-24
Section 27-1-24 Alabama Insurance Underwriting Association. (a) Every insurer authorized to
write and engaged in writing, on a direct basis, fire and extended coverage insurance in Alabama
shall be and remain a member of the Alabama Insurance Underwriting Association, an unincorporated
nonprofit joint underwriting association organized in 1970 and in continuous existence from
1970 through November 1, 2008. Every such insurer shall be and remain a member of the association
so long as the association is in existence as a condition of such insurer's authority to continue
to transact the business of insurance in Alabama. An insurer that ceases to be a member of
the association due to withdrawal from the business of insurance in Alabama or its withdrawal
from writing fire and extended coverage insurance in Alabama remains liable to the association
as to contracts entered into during the insurer's membership in the association to the same
extent and effect as if the insurer's membership in...
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10A-2-15.42
Section 10A-2-15.42 Filing of verified statement with Commissioner of Revenue by foreign corporation
prior to acting as fiduciary. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE
JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Prior to the time when any foreign
corporation acts pursuant to the authority of this article in any fiduciary capacity or capacities
in this state, the foreign corporation shall file with the Commissioner of Revenue of this
state a verified statement which shall state: (1) The correct corporate name of the foreign
corporation; (2) The name of the state under the laws of which it is incorporated or if the
foreign corporation is a national banking association or other corporation organized under
the laws of the United States shall state that fact; (3) The address of its principal business
office; (4) In what fiduciary capacity, or capacities, it desires to act in the State of Alabama;
(5) That it is authorized to act in a similar...
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10A-20-4.02
Section 10A-20-4.02 Establishment of schools, hospitals, orphanages, etc., by state, sectional,
or national conventions or associations. Incorporated conventions or associations, as well
as sectional or national conventions or associations of churches incorporated under the laws
of any state, may establish schools, colleges, universities, hospitals, orphanages, or training
courses for the ministry, missions, medical, sanitary, and other benevolent work, either directly
or by authorizing boards of directors to be by the convention appointed, from time to time,
to incorporate under general laws as a separate but subsidiary corporation. Any religious,
educational, or charitable association or institution so established by the convention, whether
separately incorporated or not, shall always be under the complete control and ownership of
the conventions or of boards of trustees or directors now appointed, or hereafter from time
to time appointed by the conventions, and may donate and convey...
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22-21-100
Section 22-21-100 Definitions. For the purposes of this division, the following terms shall
have the meanings respectively ascribed to them by this section: (1) HOSPITAL CORPORATION.
A hospital association heretofore or hereafter organized under and pursuant to the provisions
of Act No. 211, General Acts of Alabama 1945, or Article 3 of this chapter, or a hospital
board heretofore or hereafter organized under and pursuant to the provisions of Division 1
of this article. (2) SECURITIES. Notes, bonds, certificates of indebtedness, warrants or other
evidences of indebtedness. (3) PUBLIC HOSPITAL PURPOSES. Such term includes the acquisition
by purchase, lease or otherwise and the construction, equipment, operation and maintenance
of public hospital facilities or any one or more of such purposes. (4) PUBLIC HOSPITAL FACILITIES.
Such term includes public hospitals, public clinics, public health centers, nurses' homes
and training facilities of any kind. (Acts 1949, No. 640, p. 981, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-100.htm - 1K - Match Info - Similar pages
27-31C-3
Section 27-31C-3 License to provide homeowners insurance; exemptions; powers and duties. (a)
An Alabama Coastal Captive Insurance Company, if permitted by its articles of incorporation
or organization, operating agreements, or charter, may apply to the commissioner for a license
to write homeowners insurance coverage as limited in Section 27-31B-3(a)(4) and as defined
and limited in the standard real property and contents insurance forms as approved by the
commissioner. (b) An Alabama Coastal Captive Insurance Company that qualified as an association
captive under the provisions of Section 27-31B-8 is exempt from the requirement that the association
be in existence for one year so long as the association is in good standing as an entity before
becoming an owner of an Alabama Coastal Captive Insurance Company. (c) An Alabama Coastal
Captive Insurance Company may write homeowners insurance coverage as limited in Section 27-31B-3(a)(4)
and as limited to perils described in subsection (a)...
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5-17-3
Section 5-17-3 Use of words "credit union" in name or title. It shall be a misdemeanor
for any person, association, copartnership, or corporation, except corporations organized
in accordance with the provisions of this chapter, credit unions incorporated under the laws
of the United States, the trade associations of credit unions doing business in this state,
and other organizations as approved by the administrator, to use the words "credit union"
in their name, title, or in advertising. A credit union organized under the provisions of
this chapter shall include in its corporate name or title the words "credit union."
Any violation of this prohibition shall subject the party chargeable therewith to a penalty
of five hundred dollars ($500) for each day, with a maximum amount of fifty thousand dollars
($50,000), during which the violation is committed or repeated. The penalty may be recovered
by the administrator by an action instituted for that purpose, and, in addition to the penalty,...
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10A-2-3.02
Section 10A-2-3.02 General powers. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE
JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Unless its articles of incorporation
provide otherwise, every corporation organized under this chapter has perpetual duration and
succession in its corporate name and has the same powers as an individual to do all things
necessary or convenient to carry out its business and affairs, including, without limitation,
all entity powers provided in Sections 10A-1-2.11, 10A-1-2.12, and 10A-1-2.13. (Act 2009-513,
p. 967, §91.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-3.02.htm - 899 bytes - Match Info - Similar pages
10A-20-7.10
Section 10A-20-7.10 Rights to shares, bonds, securities, or other evidences of corporate indebtedness.
(a) Notwithstanding any rule at common law, any provision of any general or special law or
any provision in their respective charters, agreements of association, certificate of formation,
or trust indentures: (1) Any person, including all domestic corporations organized for the
purpose of carrying on business within this state, and further including, without implied
limitation, public utility companies, insurance companies, foreign corporations licensed to
do business within this state, all financial institutions, as defined in Section 10A-20-7.01,
and all trusts, are hereby authorized to acquire, purchase, hold, sell, assign, transfer,
mortgage, pledge, or otherwise dispose of any bonds, securities, or other evidences of indebtedness
created by, or the shares of the capital stock of, the corporation and, while owners of the
stock, to exercise all the rights, powers, and privileges of...
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10A-20-8.01
Section 10A-20-8.01 Definitions. For the purposes of this article, the following terms shall
have the meanings respectively ascribed to them by this section: (1) AFFILIATED ORGANIZATIONS.
Organizations or boards deriving their powers, functions, funds, and property directly from
the parent organization, as defined in this section, or from its law-making body and does
not mean organizations or boards organized under or answerable to any state organization,
board, convention, or authority constituting a branch of the parent organization. (2) CHANGE
OF SOCIAL POLICIES. Any substantial and material change in or departure from the rules, social
creed, jurisdictional system, authoritative pronouncements, or other fraternal law relating
to the social standards, practices, or policies of the parent organization or its affiliated
institutions, as the same existed at the time of affiliation or merger of the local organization,
and which change is contrary to the way of life of the majority...
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22-21-74
Section 22-21-74 Incorporation - Certificate of incorporation - Filing; amendments. (a) The
certificate of incorporation shall have attached thereto a certified copy of the resolution
provided for in Section 22-21-73 and a certificate by the Secretary of State of the State
of Alabama that the name proposed for the corporation is not identical with that of any other
corporation in this state. The certificate of incorporation shall be signed and acknowledged
by the incorporators before an officer authorized by the laws of this state to take acknowledgment
of deeds and, with the documents attached, may be filed with the judge of probate of the county,
who shall forthwith receive and record the same. When the certificate of incorporation and
the documents attached have been filed as provided in this section, the corporation referred
to therein and composed of the incorporators named therein shall come into existence and shall
constitute a body corporate and politic under the name set forth...
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