10A-2A-7.22
Section 10A-2A-7.22 Proxies. (a) A stockholder may vote the stockholder's stock in person or
by proxy. (b) A stockholder, or the stockholder's agent or attorney-in-fact, may appoint a
proxy to vote or otherwise act for the stockholder by signing an appointment form, or by an
electronic transmission. An electronic transmission must contain or be accompanied by information
from which the recipient can determine the date of the transmission and that the transmission
was authorized by the sender or the sender's agent or attorney-in-fact. (c) An appointment
of a proxy is effective when a signed appointment form or an electronic transmission of the
appointment is received by the inspector of election or the officer or agent of the corporation
authorized to count votes. An appointment is valid for the term provided in the appointment
form, and, if no term is provided, is valid for 11 months unless the appointment is irrevocable
under subsection (d). (d) An appointment of a proxy is revocable...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-7.22.htm - 3K - Match Info - Similar pages

10A-2A-1.49
Section 10A-2A-1.49 Notice requirements. (a) Unless stockholder approval is required under
Section 10A-2A-1.47(c), prompt notice of an action taken under Section 10A-2A-1.47 shall be
given to each holder of valid and putative stock, regardless of whether entitled to vote,
as of (i) the date of such action by the board of directors, and (ii) the date of the defective
corporate action ratified, provided that notice shall not be required to be given to holders
of valid and putative stock whose identities or addresses for notice cannot be determined
from the records of the corporation. (b) The notice must contain (i) either a copy of the
action taken by the board of directors in accordance with Section 10A-2A-1.47(a) or (b) or
the information required by Section 10A-2A-1.47(a)(1) through (a)(4) or Section 10A-2A-1.47(b)(1)
through (b)(3), as applicable, and (ii) a statement that any claim that the ratification of
the defective corporate action and any putative stock issued as a result of...
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40-7-25.1
Section 40-7-25.1 Current use value of Class III property - Definition; appraisal of property
at request of owner; legislative intent; applicability of section; method of valuation; factors
considered in appraisal; rules and regulations of Department of Revenue; hearing objections.
(a) For ad valorem tax years beginning on and after October 1, 1978, with respect to taxable
property defined in Section 40-8-1, as amended, as Class III property and upon request by
the owner of such property as hereinafter provided, the assessor shall base his appraisal
of the value of such property on its current use on October 1 in any taxable year and not
on its fair and reasonable market value. Failure of an owner of Class III property to request
appraisal at current use value shall mean that the property shall be valued on its fair and
reasonable market value as otherwise provided in this title until such time as the owner thereof
shall request valuation on the basis of current use value. As used in...
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10A-2A-6.23
Section 10A-2A-6.23 Stock dividends. (a) Unless the certificate of incorporation provides otherwise,
stock may be issued pro rata and without consideration to the corporation's stockholders or
to the stockholders of one or more classes or series of stock. An issuance of stock under
this subsection is a stock dividend. (b) Stock of one class or series may not be issued as
a stock dividend in respect of stock of another class or series unless (i) the certificate
of incorporation so authorizes, (ii) a majority of the votes entitled to be cast by the class
or series to be issued approve the issuance, or (iii) there is no outstanding stock of the
class or series to be issued. (c) The board of directors may fix the record date for determining
stockholders entitled to a stock dividend, which date may not be retroactive. If the board
of directors does not fix the record date for determining stockholders entitled to a stock
dividend, the record date is the date the board of directors authorizes...
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10A-2A-11.05
Section 10A-2A-11.05 Merger between parent and subsidiary or between subsidiaries. (a) A domestic
or foreign parent entity that owns stock of a corporation which carries at least 90 percent
of the voting power of each class and series of the outstanding stock of that subsidiary corporation
that has voting power may (i) merge that subsidiary corporation into itself (if it is a corporation,
foreign corporation, or eligible entity), (ii) merge that subsidiary corporation into another
corporation, foreign corporation, or eligible entity in which the parent entity owns at least
90 percent of the voting power of each class and series of the outstanding stock or eligible
interests which have voting power, or (iii) merge itself (if it is a corporation, foreign
corporation, or eligible entity) into that subsidiary corporation, in any case without the
approval of the board of directors or stockholders of that subsidiary corporation, unless
the certificate of incorporation or organizational...
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10A-2A-17.03
Section 10A-2A-17.03 Certain amendments and transactions; votes required. (a) Unless the certificate
of incorporation requires a greater vote, in addition to any other approval of stockholders
required under this chapter, the approval of at least two-thirds of the votes entitled to
be cast thereon, and, if any class or series of stock is entitled to vote as a separate group
thereon, the approval of at least two-thirds of the votes entitled to be cast by that voting
group, shall be required for a corporation that is not a benefit corporation to: (1) amend
its certificate of incorporation to include a statement that it is subject to this article;
or (2)(i) merge with or into another entity, or effect a conversion, if, as a result of the
merger or conversion, the stock of any voting group would become, or be converted into or
exchanged for the right to receive, stock of a benefit corporation or stock or interests in
an entity subject to provisions of organic law analogous to those in this...
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10A-2A-7.21
Section 10A-2A-7.21 Voting entitlement of stock. (a) Except as provided in subsections (b)
and (d) or unless the certificate of incorporation provides otherwise, each outstanding share
of stock, regardless of class or series, is entitled to one vote on each matter voted on at
a stockholders' meeting. Only stock is entitled to vote. (b) Stock of a corporation is not
entitled to vote if it is owned by or otherwise belongs to the corporation directly, or indirectly
through an entity of which a majority of the voting power is held directly or indirectly by
the corporation or which is otherwise controlled by the corporation. (c) Stock held by the
corporation in a fiduciary capacity for the benefit of any person is entitled to vote unless
it is held for the benefit of, or otherwise belongs to, the corporation directly, or indirectly
through an entity of which a majority of the voting power is held directly or indirectly by
the corporation or which is otherwise controlled by the corporation....
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11-54-4
Section 11-54-4 Binding option agreements for sale of industrial park authorized. Each municipality
in this state holding property as the site of an industrial park is hereby authorized to make
and enter into binding option agreements for the sale of all or any portion of said industrial
park, subject however, to the following conditions and limitations: (1) No option shall be
entered into for a period exceeding one year. (2) Where an appraisal is required pursuant
to Section 11-54-3, the option amount shall be for not less than the average of the market
value stated in two independent appraisals dated not earlier than 60 days prior to consummation
of the option agreement. Where the option agreement is for less than one year, said original
option agreement may be extended by the municipality up to a maximum of one year without new
appraisals. When the provisions on any constitutional amendment relieve or exempt the municipality
from the provisions of Section 94 of the Constitution of...
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18-1A-3
Section 18-1A-3 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ACTION. Condemnation
action. (2) APPRAISAL. An opinion as to the value of or compensation payable for property,
prepared by the owner or under the direction of an individual qualified by knowledge, skill,
experience, training, or education to express an opinion as to the value of property. (3)
BUSINESS. A lawful activity, whether or not for profit, other than a farm operation, conducted
primarily for the purchase, sale, lease, rental, manufacture, processing, or marketing of
products, commodities, or other property, or for providing services. (4) CONDEMN. To take
property under the power of eminent domain. (5) CONDEMNATION ACTION. Includes all acts incident
to the process of condemning property after commencement of suit until the entry of final
judgment. (6) CONDEMNEE. A person who has or claims an interest in...
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35-8A-414
Section 35-8A-414 Effect of violations on rights of action; attorney's fees. If a declarant
or any other person subject to this chapter fails to comply with any provision hereof or any
provision of the declaration or bylaws, any person or class of persons adversely affected
by the failure to comply has a claim for actual damages or appropriate equitable relief. The
court, in an appropriate case, may award reasonable attorney's fees to either party. (Acts
1990, No. 90-551, p. 858, §4-114.)...
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