Code of Alabama

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10A-2A-16.02
Section 10A-2A-16.02 Inspection rights of stockholders. (a) A stockholder of a corporation
is entitled to inspect and copy, during regular business hours at the corporation's principal
office, any of the records of the corporation described in Section 10A-2A-16.01(a), excluding
minutes of meetings of, and records of actions taken without a meeting by, the corporation's
board of directors and board committees established under Section 10A-2A-8.25, if the stockholder
gives the corporation a signed written notice of the stockholder's demand at least five business
days before the date on which the stockholder wishes to inspect and copy. (b) A stockholder
of a corporation is entitled to inspect and copy, during regular business hours at a reasonable
location specified by the corporation, any of the following records of the corporation if
the stockholder meets the requirements of subsection (c) and gives the corporation a signed
written notice of the stockholder's demand at least five...
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5-10A-1
Section 5-10A-1 Authorization or direction of banks to postpone paying liabilities, segregate
deposits and assets, renew loans, etc. The superintendent with the concurrence of not less
than two other members of the Banking Board, or any three members of the Banking Board without
action by said superintendent, are hereby authorized and empowered, in addition to all other
powers now conferred by law upon the superintendent or the Banking Board, or both, whenever
in their judgment the circumstances warrant it, to authorize or direct any and all banks:
(1) To postpone for any length of time the payment of any proportion of deposit or other liabilities,
demand and savings account liabilities and certificate of deposit liabilities to any individual,
firm, corporation or entity as said state officials may deem necessary and expedient, to be
determined by them according to any facts and conditions which in their opinion, for emergency
or other reasons, require such action in each particular...
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10A-2A-7.32
or omissions imposed by law on directors to the extent that the discretion or powers of the
directors are limited by the agreement. An agreement authorized by this section that eliminates
the board of directors shall impose on the person or persons in whom the discretion or powers
of the directors are vested the liability for acts or omissions as are imposed by law on directors.
(f) The existence or performance of an agreement authorized by this section shall not be a
ground for imposing personal liability on any stockholder for the acts or debts of
the corporation even if the agreement or its performance treats the corporation as if it were
a partnership or results in failure to observe the corporate formalities otherwise applicable
to the matters governed by the agreement. (g) Incorporators or subscribers for stock may act
as stockholders with respect to an agreement authorized by this section if no stock has been
issued when the agreement is made. (h) Limits, if any, on the...
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37-16-7
written document creating the electric easement or no express terms in the document, the electric
provider shall provide notice to the owner of the real property subject to the electric easement
by informing such owner of the installation of the broadband system within the electric easement
prior to installation. Notice shall be sufficient if mailed to the name and address of the
owner or owners listed in the real property ad valorem tax records for the county where the
real property is located. Nothing in this section shall require the notice from the electric
provider when the electric easement is acquired by condemnation or pursuant to an expansion
of the electric easement by civil action commenced by the owner. (h) Nothing in this chapter
shall be deemed to relieve the broadband operator, broadband service provider, or electric
provider from liability for bodily injury or physical damage to real or personal
property located adjacent to the electric easement. (Act 2019-326, ยง1.)...
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27-44-8
Section 27-44-8 Powers and duties of association. (a) If a member insurer is an impaired insurer,
the association may, in its discretion and subject to any conditions imposed by the association
that do not impair the contractual obligations of the impaired insurer, and that are approved
by the commissioner: (1) Guarantee or reinsure, or cause to be guaranteed, assumed, or reinsured,
any or all of the covered policies of the impaired insurers. (2) Provide such moneys, pledges,
notes, guarantees, or other means as are proper to effectuate subdivision (1), and assure
payment of the contractual obligations of the impaired insurer pending action under subdivision
(1). (b) If a member insurer is an insolvent insurer, the association shall, in its discretion
and subject to the approval of the commissioner, do either of the following: (1)a. Guarantee,
assume, or reinsure, or cause to be guaranteed, assumed, or reinsured, the covered policies
of the insolvent insurer. b. Assure payment of the...
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8-15-34
address of the occupant. Any lienholder with an interest in the property to be sold or otherwise
disposed of, of whom the owner has knowledge either through the disclosure provision on the
rental agreement or through finding a validly filed financing statement in the Secretary of
State's office, shall be included in the notice process as provided in this section. (4) The
owner shall have the right to deny the occupant access to the leased space and the owner may
enter and/or remove the personal property from the leased space to other suitable storage
space pending its sale or other disposition. (5) The notice required by this section shall
include: a. An itemized statement of the owner's claim showing the sum due at the time of
the notice and the date when the sum became due; b. A brief and general description of the
personal property subject to the lien. Such description shall be reasonably adequate
to permit the person notified to identify such property; except that any...
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7-9A-102
term includes: (A) proceeds to which a security interest attaches; (B) accounts, chattel paper,
payment intangibles, and promissory notes that have been sold; and (C) goods that are the
subject of a consignment. (13) "Commercial tort claim" means a claim arising in
tort with respect to which: (A) the claimant is an organization; or (B) the claimant is an
individual and the claim: (i) arose in the course of the claimant's business or profession;
and (ii) does not include damages arising out of personal injury to or the death
of an individual. (14) "Commodity account" means an account maintained by a commodity
intermediary in which a commodity contract is carried for a commodity customer. (15) "Commodity
contract" means a commodity futures contract, an option on a commodity futures contract,
a commodity option, or another contract if the contract or option is: (A) traded on or subject
to the rules of a board of trade that has been designated as a contract market for such a
contract...
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37-13-7
corporate name for the duration of time (which may be in perpetuity) specified in its certificate
of incorporation; (2) To sue and be sued in its own name in civil suit and actions; (3) To
adopt and make use of a corporate seal and to alter the same at pleasure; (4) To adopt and
alter bylaws for the regulation and conduct of its affairs and business; (5) To acquire, receive,
take and hold, whether by purchase, gift, lease, devise, or otherwise, property of every description,
whether real, personal or mixed, whether in one or more counties and whether within
or without the boundaries or corporate limits (as the case may be) of any authorizing subdivision,
and to manage said property, and to develop any undeveloped property owned, leased or controlled
by it in a manner necessary or convenient to carry out the purposes of this chapter; (6) To
execute such contracts and other instruments and to take such other action as may be necessary
or convenient to carry out the purposes of this...
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4-3-11
may be in perpetuity) specified in its certificate of incorporation; (2) To sue and be sued
in its own name in civil suits and actions, excepting actions in tort against the authority;
(3) To adopt and make use of a corporate seal and to alter the same at pleasure; (4) To adopt
and alter bylaws for the regulation and conduct of its affairs and business; (5) To acquire,
receive, take and hold, whether by purchase, gift, lease, devise or otherwise, property of
every description, whether real, personal or mixed, whether in one or more counties
and whether within or without the corporate limits of any authorizing subdivision, and to
manage said property, and to develop any undeveloped property owned, leased or controlled
by it; (6) To execute such contracts and other instruments and to take such other action as
may be necessary or convenient to carry out the purposes of this chapter or the exercise of
any power granted hereunder; (7) To plan, establish, develop, acquire, construct,...
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10A-2A-11.04
permitted by Section 10A-2A-10.05, its certificate of incorporation will not be changed; and
(3) each stockholder of the corporation whose stock was outstanding immediately before the
effective date of the merger or stock exchange will hold the same number of shares of stock,
with identical preferences, rights and limitations, immediately after the effective date of
the merger. (i) If as a result of a merger or stock exchange one or more stockholders of a
corporation will have new personal liability with respect to the surviving organization
or the acquiring entity, approval of the plan of merger or stock exchange will be ineffective
without the consent to the plan of merger or stock exchange of the stockholder who will have
new personal liability. A stockholder does not give consent required in this subsection
(i) merely by consenting to a provision in the certification of incorporation, the bylaws,
or an agreement of the stockholders, that allows for a plan of merger or...
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