27-31A-3.1
Section 27-31A-3.1 Risk retention groups to comply with governance standards. (a) By January
1, 2016, existing risk retention groups shall be in compliance with the governance standards
set forth in this section. New risk retention groups shall be in compliance with these standards
at the time of licensure. (b) The board of directors or board, as used in this section, means
the governing body of the risk retention group elected by the shareholders or members to establish
policy, elect or appoint officers and committees, and make other governing decisions. Director,
as used in this section, means a natural person designated in the articles of the risk retention
group, or designated, elected, or appointed by any other manner, name, or title to act as
a member of the board of directors. (c)(1) The board of directors of the risk retention group
shall have a majority of independent directors. If the risk retention group is a reciprocal,
then the attorney-in-fact would be required to adhere...
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11-65-5
Section 11-65-5 Composition of commission; terms; qualifications; removal from office. (a)
Every commission shall have five members, which shall constitute its governing body. All powers
of a commission shall be exercised by its members or pursuant to their authorization. The
mayor or other chief executive officer of the sponsoring municipality and the president or
other designated presiding officer of the county commission of the host county shall each
serve as a member ex officio, unless such official exercises his or her right, as provided
in subsection (b), to appoint a fixed-term member to serve in lieu of such official. The service
of each such official as a member shall begin with the beginning of his or her tenure in such
office and shall end with the ending of such tenure or the appointment by such official of
a fixed-term member to serve in lieu of his or her ex officio service. The other three members
shall be appointed in the manner hereinafter prescribed as soon as may be...
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10A-2A-8.22
Section 10A-2A-8.22 Notice of meeting. (a) Unless the certificate of incorporation or bylaws
provide otherwise, regular meetings of the board of directors may be held without notice of
the date, time, place, or purpose of the meeting. (b) Unless the certificate of incorporation
or bylaws provide for a longer or shorter period, special meetings of the board of directors
shall be preceded by at least two days' notice of the date, time, and place of the meeting.
The notice need not describe the purpose of the special meeting unless required by the certificate
of incorporation or bylaws. (Act 2019-94, §1.)...
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10A-2A-8.21
Section 10A-2A-8.21 Action without meeting. (a) Except to the extent that the certificate of
incorporation or bylaws require that action by the board of directors be taken at a meeting,
action required or permitted by this chapter to be taken by the board of directors may be
taken without a meeting if each director signs a consent describing the action to be taken
and delivers it to the corporation. (b) Action taken under this section is the act of the
board of directors when one or more consents signed by all the directors are delivered to
the corporation. The consent may specify a later time as the time at which the action taken
is to be effective. A director's consent may be withdrawn by a revocation signed by the director
and delivered to the corporation before delivery to the corporation of unrevoked written consents
signed by all the directors. (c) A consent signed under this section has the effect of action
taken at a meeting of the board of directors and may be described as...
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10A-2A-2.02
Section 10A-2A-2.02 Certificate of incorporation. Notwithstanding Section 10A-1-3.05: (a) The
certificate of incorporation must set forth: (1) a corporate name for the corporation that
satisfies the requirements of Article 5 of Chapter 1; (2) the number of shares of stock the
corporation is authorized to issue; (3) the street and mailing addresses of the corporation's
initial registered office, the county within this state in which the street and mailing address
is located, and the name of the corporation's initial registered agent at that office as required
by Article 5 of Chapter 1; and (4) the name and address of each incorporator. (b) The certificate
of incorporation may set forth: (1) the names and addresses of the individuals who are to
serve as the initial directors; (2) provisions not inconsistent with law regarding: (i) the
purpose or purposes for which the corporation is organized; (ii) managing the business and
regulating the affairs of the corporation; (iii) defining,...
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37-6-24
Section 37-6-24 Waiver of notice. Whenever any notice is required to be given under the provisions
of this chapter or under the provisions of the articles of incorporation or bylaws of a cooperative,
waiver thereof in writing, signed by the person or persons entitled to such notice, whether
before or after the time fixed for the giving of such notice, shall be deemed equivalent to
such notice. If a person or persons entitled to notice of a meeting shall attend such meeting,
such attendance shall constitute a waiver of notice of the meeting, except in case the attendance
is for the express purpose of objecting to the transaction of any business because the meeting
shall not have been lawfully called or convened. (Acts 1939, No. 231, p. 371; Code 1940, T.
18, §54.)...
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10A-2-7.04
Section 10A-2-7.04 Action without meeting. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94
EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) Except as provided
in the articles of incorporation, action required or permitted by the Constitution of Alabama
of 1901 or by this chapter to be taken at a shareholders' meeting may be taken without a meeting
if the action is taken by all shareholders entitled to vote on the action. The action must
be evidenced by one or more written consents describing the action taken, signed by all the
shareholders entitled to vote on the action, and delivered to the corporation for inclusion
in the minutes or filing with the corporate records. (b) If not otherwise fixed under Section
10A-2-7.03 or 10A-2-7.07, the record date for determining shareholders entitled to take action
without a meeting is the date the first shareholder signs the consent under subsection (a).
(c) A consent signed under this section has the effect of a...
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10A-2-8.21
Section 10A-2-8.21 Action without meeting. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94
EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) Unless the articles
of incorporation or bylaws provide otherwise, action required or permitted by this chapter
to be taken at a board of directors' meeting may be taken without a meeting if the action
is taken by all members of the board. The action must be evidenced by one or more written
consents describing the action taken, signed by each director, and included in the minutes
or filed with the corporate records reflecting the action taken. (b) Action taken under this
section is effective when the last director signs the consent, unless the consent specifies
a different effective date. (c) A consent signed under this section has the effect of a meeting
vote and may be so described in any document. (Acts 1994, No. 94-245, p. 343, §1; §10-2B-8.21;
amended and renumbered by Act 2009-513, p. 967, §118.)...
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10A-2A-8.08
Section 10A-2A-8.08 Removal of directors by stockholders. (a) The stockholders may remove one
or more directors with or without cause unless the certificate of incorporation provides that
directors may be removed only for cause. (b) If a director is elected by a voting group of
stockholders, only the stockholders of that voting group may participate in the vote to remove
that director. (c) A director may be removed if the number of votes cast to remove exceeds
the number of votes cast not to remove the director, except to the extent the certificate
of incorporation or bylaws require a greater number; provided that if cumulative voting is
authorized, a director may not be removed if, in the case of a meeting, the number of votes
sufficient to elect the director under cumulative voting is voted against removal and, if
in the case of an action by written consent, the action is taken by less than unanimous consent.
(d) A director may be removed by the stockholders only at a meeting called...
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10A-2-2.02
Section 10A-2-2.02 Supplemental provisions required or permitted in articles of incorporation.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT
IN THE CURRENT CODE SUPPLEMENT. (a) In addition to the information required to be set forth
in a certificate of formation by Section 10A-1-3.05, articles of incorporation of a corporation
formed under this chapter must set forth: (1) The number of shares the corporation is authorized
to issue; (2) The names and addresses of the individuals who are to serve as the initial directors;
and (3) The purpose or purposes for which the corporation is organized, which may be stated
to be or to include the transaction of any lawful business for which corporations may be incorporated
under this chapter. (b) The articles of incorporation may set forth: (1) Provisions not inconsistent
with law regarding: (i) Reservation to the shareholders of the right to adopt the initial
bylaws of the corporation; (ii) Managing the...
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