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10A-20-7.04
Section 10A-20-7.04 Powers of corporation. In furtherance of its purposes and in addition to
the powers now or hereafter conferred on business corporations by Alabama statutes, the corporation
shall, subject to the restrictions and limitations contained in this section, have the following
powers: (1) To elect, appoint, and employ officers, agents, and employees to make contracts
and incur liabilities for any of the purposes of the corporation; provided, that the corporation
shall not incur any secondary liability by way of guaranty or endorsement of the obligations
of any person, firm, corporation, joint stock company, association, or trust or in any other
manner. (2) To borrow money from its members and the small business administration and any
other similar federal agency for any of the purposes of the corporation, to issue therefor
its bonds, debentures, notes, or other evidences of indebtedness, whether secured or unsecured,
and to secure the same by mortgage, pledge, deed of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-7.04.htm - 4K - Match Info - Similar pages
43-8-73
Section 43-8-73 Procedure for making election; petition; time limit; notice and hearing; withdrawal
of demand; order of court; enforcement of order. (a) The surviving spouse may elect to take
his elective share by filing with the court and mailing or delivering to the personal representative,
if any, a petition for the elective share within six months after the date of death, or within
six months after the probate of the decedent's will, whichever limitation last expires. The
court may extend the time for election for cause shown by the surviving spouse before the
time for election has expired. (b) The surviving spouse shall give notice of the time and
place set for hearing to persons interested in the estate whose interests will be adversely
affected by the taking of the elective share. (c) The surviving spouse may withdraw his demand
for an elective share at any time before entry of a final determination by the court. (d)
After notice and hearing, the court shall determine the amount...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/43-8-73.htm - 2K - Match Info - Similar pages
10A-1-7.21
Section 10A-1-7.21 Transaction of business without registration; generally. (a) A foreign entity
transacting business in this state, except a corporation or other organization formed pursuant
to federal law, may not maintain any action, suit, or proceeding in any court of this state
until it has registered in this state. (b) The failure of a foreign entity to register in
this state does not impair the validity of any contract or act of the foreign entity or prevent
the foreign entity from defending any action, suit, or proceeding in any court of this state.
(c) A foreign entity, by transacting business in this state without registration, shall be
deemed to consent to service of process with respect to causes of action arising out of business
transacted in this state, or to service of any notice or demand required or permitted by law,
by registered mail addressed to the foreign entity at the office required to be maintained
in the state or other jurisdiction where it is organized, or,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-7.21.htm - 2K - Match Info - Similar pages
10A-2-14.31
Section 10A-2-14.31 Procedure for judicial dissolution. REPEALED IN THE 2019 REGULAR SESSION
BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a)
Venue for a proceeding to dissolve a corporation lies in the county where a corporation's
articles of incorporation are filed, or, in the case of a corporation created by an act of
the Legislature prior to the adoption of the Constitution of Alabama of 1901, or which resulted
from a merger or consolidation, in Montgomery County. (b) It is not necessary to make shareholders
parties to a proceeding to dissolve a corporation unless relief is sought against them individually.
(c) A court in a proceeding brought to dissolve a corporation may issue injunctions, appoint
a receiver or custodian pendente lite with all powers and duties the court directs, take other
action required to preserve the corporate assets wherever located, and carry on the business
of the corporation until a full hearing can be held. (d)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-14.31.htm - 1K - Match Info - Similar pages
10A-2A-13.22
Section 10A-2A-13.22 Appraisal notice and form. (a) If a corporate action requiring appraisal
rights under Section 10A-2A-13.02(a) becomes effective, the corporation shall deliver a written
appraisal notice and form required by subsection (b) to all stockholders who satisfy the requirements
of Section 10A-2A-13.21(a), (b), or (c). In the case of a merger under Section 10A-2A-11.05,
the parent shall deliver an appraisal notice and form to all record stockholders who may be
entitled to assert appraisal rights. (b) The appraisal notice shall be delivered no earlier
than the date the corporate action specified in Section 10A-2A-13.02(a) became effective,
and no later than 10 days after that date, and must: (1) supply a form that (i) specifies
the first date of any announcement to stockholders made before the date the corporate action
became effective of the principal terms of the proposed corporate action, (ii) if the announcement
was made, requires the stockholder asserting appraisal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-13.22.htm - 2K - Match Info - Similar pages
28-5-3
Section 28-5-3 Documents to be filed by applicants for permits. The application filed with
the Governor for such permit shall be verified by affidavit and shall set forth the name and
address of all parties having an interest in the proposed industrial alcohol plant or, if
a corporation, shall set forth the name and address of its principal officers and directors
and the names and addresses of the individuals owning 51 percent of the stock and the names
and addresses of the individuals to be in charge of the plant. Accompanying said application
shall be an accurate plan and description of the premises and distilling apparatus, distinctly
showing the location of every still, boiler, worm tub and receiving cistern, the course and
construction of all pipes used or to be used in the distillery and every branch and every
cock or joint thereof and of every valve therein, together with every place, vessel, tub or
utensil from and to which any such pipe leads or with which it communicates and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/28-5-3.htm - 2K - Match Info - Similar pages
40-29-73
Section 40-29-73 Failure to collect and pay over tax, or attempt to evade or defeat tax. (a)
General rule. Any person required to collect, truthfully account for, and/or pay over any
tax imposed by Sections 40-17-2, 40-17-220, 40-18-71, 40-21-82, 40-23-2, 40-23-61, 40-26-1
and any other local sales, use, and gross receipts taxes collected by the state Department
of Revenue who willfully fails to collect such tax, or truthfully account for, and/or pay
over such tax, or willfully attempts in any manner to evade or defeat any such tax or the
payment thereof, shall, in addition to other penalties provided by law, be liable for a penalty
up to the total amount of the tax evaded, or not collected, or not accounted for and paid
over. (b) Extension of period of collection where bond is filed. (1) IN GENERAL. If, within
30 days after the day on which notice and demand of any penalty under subsection (a) is made
against any person, such person: a. Pays an amount which is not less than the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-29-73.htm - 3K - Match Info - Similar pages
26-23G-8
Section 26-23G-8 Anonymity of certain individuals in court proceedings. In every civil, criminal,
or administrative proceeding or action brought under this chapter, the court shall rule whether
the identity of any woman upon whom an abortion has been performed or attempted to be performed
shall be preserved from public disclosure if she does not give her consent to such disclosure.
The court, upon motion or sua sponte, shall make such a ruling and, upon determining that
her anonymity should be preserved, shall issue orders to the parties, witnesses, and counsel
and shall direct the sealing of the record and exclusion of individuals from courtrooms or
hearing rooms to the extent necessary to safeguard her identity from public disclosure. Each
order shall be accompanied by specific written findings explaining why the anonymity of the
woman should be preserved, why the order is essential to that end, how the order is narrowly
tailored to serve that interest, and why no reasonable less...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/26-23G-8.htm - 1K - Match Info - Similar pages
6-6-543
Section 6-6-543 Trial by jury or determination by court; entry and effect of judgment. Upon
the application of either party in a proceeding under Section 6-6-540, a trial by jury shall
be directed to determine the issues or any specified issue of fact presented by the pleadings,
and the court is bound by the result, but may, for sufficient reasons, order a new trial thereof;
and when a trial by jury is not requested, or as to the facts for which the same is not requested,
the court shall consider and determine any title, claim, interest, or encumbrance. The court
shall, upon the finding of the jury or upon such consideration and determination, finally
adjudge whether the defendant has any right, title, or interest in, or encumbrance upon, such
lands, or any part thereof, what such right, title, interest, or encumbrance is and in or
upon what part of the lands the same exists; and such judgment is binding and conclusive upon
all the parties to the action. (Code 1896, §812; Code 1907,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-6-543.htm - 1K - Match Info - Similar pages
8-1-121
Section 8-1-121 Certain contracts for future delivery void; exceptions. (a) All contracts of
sale for the future delivery of any commodity, article, personal property, stock or bond,
wherein the parties thereto do not intend a delivery of the article contracted for, but do
intend to gamble on the difference between the contract price and some subsequent market price,
shall be illegal and void, and no action shall be maintained in any court to enforce such
contract or to compel payment of any note or security given in payment or settlement of the
same. (b) The provisions of subsection (a) of this section shall not be construed so as to
apply to any person, firm, corporation or his or their agent, engaged in the business of manufacturing
or wholesale merchandising in the purchase or sale of the necessary commodities required in
the ordinary course of their business. (Code 1907, §§3349, 3350; Acts 1915, No. 791, p.
913; Code 1923, §§6816, 6818; Code 1940, T. 9, §§30, 32.)...
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