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27-29B-3
Section 27-29B-3 Disclosure requirement. (a) Not later than June 1 of each calendar year, an
insurer or the insurance group of which the insurer is a member, shall submit to the commissioner
a Corporate Governance Annual Disclosure that contains the information described in Section
27-29B-5. Notwithstanding any request from the commissioner made pursuant to subsection (c),
if the insurer is a member of an insurance group, the insurer shall submit the report required
by this section to the commissioner of the lead state for the insurance group in accordance
with the laws of the lead state as determined by the procedures outlined in the most recent
Financial Analysis Handbook adopted by the NAIC. (b) The CGAD shall include a signature of
the insurer or insurance group's chief executive officer or corporate secretary attesting
to the best of that individual's belief and knowledge that the insurer has implemented the
corporate governance practices and that a copy of the disclosure has been...
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40-18-24.3
Section 40-18-24.3 Taxation on distributive share of interest, dividends, etc., of nonresident
member of qualified investment partnership. (a) Notwithstanding any other provision of this
chapter to the contrary, including Sections 40-18-2 and 40-18-24.2, no income tax shall be
due the State of Alabama from a nonresident member of a qualified investment partnership,
or from the qualified investment partnership itself, with respect to the nonresident member's
distributive share of interest, dividends, distributions, or gains and losses from qualifying
investment securities owned by the entity, as long as the nonresident member does not actively
participate in the day-to-day management of the entity. Provided, however, that in the event
a qualified investment partnership invests in the qualifying investment securities of an entity
that is majority owned by a nonresident member of the qualified investment partnership, income
tax shall be due by such nonresident member with respect to the...
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45-39-221.03
Section 45-39-221.03 Powers of tourism board. (a) The tourism board may conduct programs and
events, including, but not limited to, programs of information and publicity, sporting events,
and other public events to attract tourists and visitors to the county. The tourism board
may conduct programs or events in the state and elsewhere and expend its funds in the furtherance
of such programs and events in the state and elsewhere. (b) The tourism board may enter into
contracts with any person, firm, corporation, or association to carry out the purposes set
forth herein. No contract entered into by the tourism board shall bind either the state, the
county, or any municipality. (c) The tourism board shall have the following additional powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To sue and be sued in its own name in civil suits and actions, and to defend suits
and actions against it, including suits and actions ex delicto...
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11-89A-8
Section 11-89A-8 Powers of authority; location of facilities of authority. (a) Every authority
shall have all of the powers necessary and convenient to carry out and effectuate the purposes
and provisions of this chapter, including (without limiting the generality of the foregoing)
the following powers: (1) To have succession in its corporate name for the duration of time
(which may be in perpetuity, subject to the provisions of Section 11-89A-21 specified in its
certificate of incorporation); (2) To sue and be sued in its own name in civil suits and actions
and to defend suit against it; (3) To adopt and make use of a corporate seal and to alter
the same at pleasure; (4) To adopt, alter, and repeal bylaws, regulations, and rules, not
inconsistent with the provisions of this chapter, for the regulation and conduct of its affairs
and business; (5) To acquire, whether by gift, purchase, transfer, foreclosure, lease, or
otherwise, to construct and to expand, improve, operate, maintain,...
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23-1-306
Section 23-1-306 Corporation - Powers. The corporation shall have the following powers: (1)
To have perpetual succession by its corporate name unless sooner dissolved pursuant to Section
23-1-318. (2) To commence actions and have actions commenced against it, provided, however,
that the corporation shall be considered a public agency performing state governmental functions
and shall be immune from suit based on its acts or omissions or those of its agents, servants,
or employees to the extent the State of Alabama is so immune, and to prosecute and defend
in any court having jurisdiction of the subject matter and of the parties. Venue shall be
in the appropriate court of the county in which the principal office of the corporation is
located. (3) To have and to use a corporate seal and to alter the same at pleasure. (4) To
construct, reconstruct and relocate or to cause to be constructed, reconstructed and relocated
federal aid projects, including work incidental or related thereto, in...
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27-29-4
Section 27-29-4 Registration of insurers. (a)(1) Every insurer which is authorized to do business
in this state and which is a member of an insurance holding company system shall register
with the commissioner, except a foreign insurer subject to registration requirements and standards
adopted by statute or regulation in the jurisdiction of its domicile which are substantially
similar to those contained in this section and both of the following: a. Subdivision (1) of
subsection (a) of Section 27-29-5, and subsections (b) and (d) of Section 27-29-5. b. Either
subdivision (2) of subsection (a) of Section 27-29-5 or a provision such as the following:
Each registered insurer shall keep current the information required to be disclosed in its
registration statement by reporting all material changes or additions within 15 days after
the end of the month in which it learns of each change or addition. (2) Any insurer which
is subject to registration under this section shall register within 15...
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37-6-42
Section 37-6-42 Enumerated powers. (a) Any such electric cooperative shall have power: (1)
To supply telephone service in rural areas to its members, to governmental agencies and political
subdivisions, to other persons, and to business entities not in excess of 40 percent of the
number of its members; provided that wireless communications services, including, without
limitation, services classified as of January 1, 1997, as "commercial mobile radio services"
by the Federal Communications Commission, may be provided to any person, firm, corporation,
governmental agency, or political subdivision within any area for which the electric cooperative
is authorized to provide such wireless service under federal law or regulations, without the
business entity being a member of the cooperative, regardless of whether the business entity
is in excess of 40 percent of the number of its members, and, without limiting the foregoing,
should a cooperative acquire any facilities in rural areas...
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23-1-175
Section 23-1-175 Powers. The corporation shall have the following powers: (1) To have succession
by its corporate name without time limit; (2) To maintain actions and have actions maintained
against it and to prosecute and defend in any court having jurisdiction of the subject matter
and of the parties; (3) To have and to use a corporate seal and to alter the same at pleasure;
(4) To construct, reconstruct and relocate, or to cause to be constructed, reconstructed and
relocated, public roads and bridges, including work incidental or related thereto in the State
of Alabama; (5) To receive, take and hold by sale, gift, lease, devise or otherwise real and
personal estate of every description and to manage the same; (6) To acquire by purchase, gift
or the exercise of the power of eminent domain or any other lawful means and to convey, or
cause to be conveyed, to the State of Alabama any real, personal or mixed property necessary
or convenient in connection with the construction of public...
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11-32-7
Section 11-32-7 Powers of authority. (a) The authority shall exercise powers and duties necessary
to the discharge of its powers and duties in corporate form as follows: (1) Have succession
by its corporate name in perpetuity subject to Section 11-32-20. (2) Sue and be sued in its
own name in civil suits and actions and defend suits against it. (3) Adopt and make use of
a corporate seal and alter the same at its pleasure. (4) Adopt and alter bylaws for the regulation
and conduct of its affairs and business. (5) Acquire, receive, take, by purchase, gift, lease,
devise, or otherwise, and hold property of every description, real, personal, or mixed, whether
located in one or more counties or municipalities and whether located within or outside the
authorizing county. (6) Make, enter into, and execute contracts, agreements, leases, and other
instruments and take other actions as may be necessary or convenient to accomplish any purpose
for which the authority was organized, or exercise any...
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23-6-7
Section 23-6-7 Corporate powers. The corporation shall have the following powers: (1) To have
succession by its corporate name without time limit; (2) To sue and be sued and to prosecute
and defend, at law or in equity, in any court having jurisdiction of the subject matter and
of the parties; (3) To have and to use a corporate seal and to alter the same at pleasure;
(4) To construct, reconstruct, and relocate industrial access roads and bridges within the
state or to cause the same to be constructed, reconstructed, and relocated; (5) To receive,
take and hold by sale, gift, lease, devise or otherwise, real and personal estate of every
description, and to manage the same; (6) To acquire by purchase, gift, or the exercise of
the power of eminent domain, or any other lawful means, and to transfer, convey or cause to
be conveyed to the state, any real, personal or mixed property necessary or convenient in
connection with the construction, reconstruction, or relocation of industrial access...
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