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11-61A-7
Section 11-61A-7 Board of directors. (a) The authority shall be governed by a board of directors
of seven members. The board shall be elected by the governing body of the municipality. Each
member of the board shall be a qualified elector of the municipality. No elected official
of the state, of a county, or a municipality shall, while holding office, be eligible to serve
as a director. The directorships shall be numbered one to seven, inclusive. The initial term
for directorships one and two shall be two years. The initial term for directorships three
and four shall be three years. The initial term for directorships five, six, and seven shall
be four years. The initial terms shall commence April 1, 1994. All subsequent terms of directorships
shall be for four years. (b) If a directorship is vacant, a successor shall be elected by
the governing body to serve the remainder of the unexpired term. Directors shall be eligible
for reelection. (c) A majority of the members of the board of...
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2-10-59
Section 2-10-59 Regular and special meetings of members. In its bylaws each association shall
provide for one or more regular meetings annually. The board of directors shall have the right
to call a special meeting at any time, and 10 percent of the members or stockholders may file
a petition stating the specific business to be brought before the association and demand a
special meeting at any time. Such meeting must thereupon be called by the directors. Notice
of all meetings, together with a statement of the purpose thereof, shall be mailed to each
member at least 10 days prior to the meeting, but the bylaws may require instead that such
notice may be given by publication in a newspaper of general circulation, published at the
principal place of business of the association. (Acts 1921, Ex. Sess., No. 31, p. 38; Code
1923, §7136; Code 1940, T. 2, §94.)...
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2-10-94
Section 2-10-94 Board of directors. The affairs of an association incorporated under this article
shall be conducted, controlled and managed by a board of directors of such number, not to
be less than five, and with such terms of office as may be provided by the bylaws. The said
directors shall be elected by the members or stockholders of the association from their own
number. When a vacancy on the board of directors occurs other than by expiration of term,
the remaining members of the board by a majority vote shall fill the vacancy until the next
regular meeting of the members of the association. An association may provide a fair remuneration
for the time actually spent by its officers and directors in its service. No director, during
his term of office, shall be a party to a contract for profit with the association differing
in any way from the business relations accorded regular members or holders of stock of the
association. (Acts 1935, No. 220, p. 604; Code 1940, T. 2, §118; Acts...
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10A-30-2.08
Section 10A-30-2.08 Management by shareholders; applicable to corporations formed as close
corporations or electing close corporation status prior to January 1, 1995. The certificate
of formation of a close corporation may provide that the business of the corporation shall
be managed by the shareholders of the corporation rather than by a board of directors. So
long as this provision continues in effect: (1) No meeting of shareholders need be called
to elect directors; (2) Unless the context clearly requires otherwise, the shareholders of
the corporation shall be deemed to be directors for purposes of applying provisions of this
article; and (3) The shareholders of the corporation shall be subject to all liabilities of
directors. Such a provision may be inserted in the certificate of formation by amendment if
all incorporators and subscribers or all holders of record of all of the outstanding shares,
whether or not having voting power, authorize such a provision. An amendment to the...
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11-92B-7
Section 11-92B-7 Board of directors. (a) The authority shall operate under the direction of
a board of directors which shall consist of voting members selected as follows: (1) One member
appointed by the Governor. (2) Five members appointed by the governing body of each municipality
whose corporate limits lie in whole or in part within the operational area of the authority.
(3) Five members appointed by the governing body of the county of incorporation. (b) A vacancy
occurring on the board for any reason shall be filled within 30 days of the vacancy by the
appointing authority making the initial appointment. If the appointing authority that made
the initial appointment does not fill the vacancy within 30 days, the remaining appointing
authorities shall make the appointment. (c) Initial appointments to the board shall be made
within 30 days following the effective date of the incorporation. The Governor's initial appointee
shall serve a three-year term. Each governing body of a...
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2-10-64
Section 2-10-64 Referring questions to entire membership. Upon demand of one third of the entire
board of directors, any matter that has been approved or passed by the board must be referred
to the entire membership or the stockholders for decision at the next special or regular meeting,
but a special meeting may be called for the purpose. (Acts 1921, Ex. Sess., No. 31, p. 38;
Code 1923, §7141; Code 1940, T. 2, §99.)...
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45-2-243.23
Section 45-2-243.23 Board of directors - Powers and duties. (a) The power of the bureau shall
be vested in and exercised by the board of directors pursuant to this subpart. (b) The board
shall employ agents, employees, officers, consultants, attorneys, and secure services and
assistance the board deems necessary to enable it to conduct and engage in the activities
and purposes for which this bureau is created. (c) The board may delegate to one or more of
its members, employees, agents, or officers, the duties it deems proper. (d) The board shall
elect a chair, a vice chair of the board who shall serve as chair in the event of the absence
of the chair, a treasurer, and a secretary. One person may serve as treasurer and secretary.
The treasurer and secretary may, but need not be, a member of the board. (e) The board shall
provide by resolution for the dates on which the chair, vice chair, treasurer, and secretary
shall be elected, which resolution shall also specify the term or period...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-2-243.23.htm - 2K - Match Info - Similar pages
5-7A-62
Section 5-7A-62 Application to convert charter; written plan of conversion; authorizing resolution;
submission to superintendent; fee; tentative approval; vote of stockholders or members; directors;
articles of incorporation and bylaws; statement of superintendent's objections; amendment;
appeal of disapproval; application to FDIC; final approval and permit. Any savings institution
may apply to the superintendent for permission to convert its charter in order to do business
as a state chartered bank in accordance with the following procedures: (1) The board of directors
shall approve a written plan of conversion, the application for conversion and shall adopt
an authorizing resolution, all by a vote of a majority of all the directors. The plan of conversion
shall include a statement of: a. The proposed organization and management structure of the
resulting bank if the application were approved, and the proposed name under which it would
do business as a bank; b. The method and time...
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9-8-58
Section 9-8-58 Referendum upon creation of district - Counting, etc., of votes; certification,
recordation and filing of results. The votes shall be counted by the election officers at
the close of the polls, and report of the results, along with the ballots, shall be delivered
to the polling superintendent, who shall certify the results to the board of supervisors.
If a majority of the votes cast favor creation of the district, the board of supervisors shall
certify such results to the judge of probate of the county or counties involved. Upon proper
recording of such action, such watershed conservancy district shall be duly created. After
recording, the certification shall be filed with the State Soil and Water Conservation Committee.
(Acts 1957, No. 517, p. 705, §8.)...
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10A-2-8.20
Section 10A-2-8.20 Meetings. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE
JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) The board of directors may
hold regular or special meetings in or out of this state. (b) Unless the articles of incorporation
or bylaws provide otherwise, the board of directors may permit any or all directors to participate
in a regular or special meeting by, or conduct the meeting through the use of, any means of
communication by which all directors participating may simultaneously hear each other during
the meeting. A director participating in a meeting by this means is deemed to be present in
person at the meeting. (Acts 1994, No. 94-245, p. 343, §1; §10-2B-8.20; amended and renumbered
by Act 2009-513, p. 967, §118.)...
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