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10A-2A-8.20
Section 10A-2A-8.20 Meetings. (a) The board of directors may hold regular or special meetings
in or out of this state. (b) Unless restricted by the certificate of incorporation or bylaws,
any or all directors may participate in any meeting of the board of directors 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. (Act 2019-94, §1.)...
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10A-2A-7.09
Section 10A-2A-7.09 Remote participation in stockholders' meetings; meetings held solely by
remote participation. (a) Stockholders of any class or series of stock may participate in
any meeting of stockholders by means of remote communication to the extent the board of directors
authorizes participation for that class or series. Participation as a stockholder by means
of remote communication shall be subject to guidelines and procedures as the board of directors
adopts, and shall be in conformity with subsection (b). (b) Stockholders participating in
a stockholders' meeting by means of remote communication shall be deemed present and may vote
at that meeting if the corporation has implemented reasonable measures: (1) to verify that
each person participating remotely as a stockholder is a stockholder; and (2) to provide stockholders
participating remotely a reasonable opportunity to participate in the meeting and to vote
on matters submitted to the stockholders, including an opportunity...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-7.09.htm - 1K - Match Info - Similar pages
10A-2A-7.05
Section 10A-2A-7.05 Notice of meeting. (a) A corporation shall notify stockholders of the place,
if any, date, and time of each annual and special stockholders' meeting no fewer than 10 nor
more than 60 days before the meeting date. If the board of directors has authorized participation
by means of remote communication pursuant to Section 10A-2A-7.09 for holders of any class
or series of stock, the notice to the holders of that class or series of stock must describe
the means of remote communication to be used. The notice must include the record date for
determining the stockholders entitled to vote at the meeting, if that date is different from
the record date for determining stockholders entitled to notice of the meeting. Unless this
chapter or the certificate of incorporation requires otherwise, the corporation is required
to give notice only to stockholders entitled to vote at the meeting as of the record date
for determining the stockholders entitled to notice of the meeting. (b)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-7.05.htm - 2K - Match Info - Similar pages
10A-2A-7.01
Section 10A-2A-7.01 Annual meetings. (a) Unless directors are elected by written consent in
lieu of an annual meeting as permitted by Section 10A-2A-7.04, a corporation shall hold a
meeting of stockholders annually at a time stated in or fixed in accordance with the certificate
of incorporation or bylaws at which directors shall be elected. (b) Unless the board of directors
determines to hold the meeting solely by means of remote communication in accordance with
Section 10A-2A-7.09(c), annual meetings may be held (i) in or out of this state at the place
stated in or fixed in accordance with the certificate of incorporation or bylaws or (ii) if
no place is stated in or fixed in accordance with the certificate of incorporation or bylaws,
at the corporation's principal office. (c) The failure to hold an annual meeting at the time
stated in or fixed in accordance with a corporation's certificate of incorporation or bylaws
does not affect the validity of any corporate action. (Act 2019-94,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-7.01.htm - 1K - Match Info - Similar pages
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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-8.20.htm - 1K - Match Info - Similar pages
10A-2-1.40
Section 10A-2-1.40 Definitions applicable to business corporations. In this chapter: REPEALED
IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (1) "Articles of incorporation" include amended and restated articles
of incorporation and, in the case of a corporation existing on January 1, 1981, its certificate
of incorporation, including any amended certificate, and also include, except where the context
otherwise requires, articles of merger. The term "articles of incorporations" as
used in this chapter is synonymous with the term "certificate of formation" employed
in Chapter 1. (2) "Authorized shares" means the shares of all classes a domestic
or foreign business corporation is authorized to issue. (3) "Corporation" or "domestic
corporation" means a business corporation, which is not a foreign corporation, incorporated
under or subject to the provisions of this chapter. (4) "Distribution" means a direct
or indirect...
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10A-1-1.03
Section 10A-1-1.03 Definitions. As used in this title, unless the context otherwise requires,
the following terms mean: (1) AFFILIATE. A person who controls, is controlled by, or is under
common control with another person. An affiliate of an individual includes the spouse, or
a parent or sibling thereof, of the individual, or a child, grandchild, sibling, parent, or
spouse of any thereof, of the individual, or an individual having the same home as the individual,
or a trust or estate of which an individual specified in this sentence is a substantial beneficiary;
a trust, estate, incompetent, conservatee, protected person, or minor of which the individual
is a fiduciary; or an entity of which the individual is director, general partner, agent,
employee or the governing authority or member of the governing authority. (2) ASSOCIATE. When
used to indicate a relationship with: (A) a domestic or foreign entity for which the person
is: (i) an officer or governing person; or (ii) a beneficial...
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10A-2A-10.03
Section 10A-2A-10.03 Amendment by board of directors and stockholders. If a corporation has
issued stock, an amendment to the certificate of incorporation shall be adopted in the following
manner: (a) The proposed amendment shall first be adopted by the board of directors. (b) Except
as provided in Sections 10A-2A-10.05, 10A-2A-10.07, and 10A-2A-10.08, the amendment shall
then be approved by the stockholders. In submitting the proposed amendment to the stockholders
for approval, the board of directors shall recommend that the stockholders approve the amendment,
unless (i) the board of directors makes a determination that because of conflicts of interest
or other special circumstances it should not make a recommendation, or (ii) Section 10A-2A-8.26
applies. If either (i) or (ii) applies, the board of directors must inform the stockholders
of the basis for its so proceeding. (c) The board of directors may set conditions for the
approval of the amendment by the stockholders or the...
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10A-2A-7.02
Section 10A-2A-7.02 Special meetings. (a) Special meetings of the stockholders may be called
by the board of directors or by such person or persons as may be authorized by the certificate
of incorporation or by the bylaws. (b) In the event that the certificate of incorporation
or bylaws allow stockholders to demand a special meeting of the stockholders, then if not
otherwise fixed under Section 10A-2A-7.03 or Section 10A-2A-7.07, the record date for determining
stockholders entitled to demand a special meeting shall be the first date on which a signed
stockholder demand is delivered to the corporation. No written demand for a special meeting
shall be effective unless, within 60 days of the earliest date on which the demand delivered
to the corporation as allowed by the certificate of incorporation or bylaws was signed, written
demands signed by stockholders holding at least the percentage of votes specified in or fixed
in accordance with the certificate of incorporation or bylaws have...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-7.02.htm - 1K - Match Info - Similar pages
10A-3-2.13
Section 10A-3-2.13 Place and notice of directors' meetings; committee meetings. (a) Meetings
of the board of directors, regular or special, may be held either within or without Alabama.
(b) Regular meetings of the board of directors or any committee designated thereby may be
held with or without notice as prescribed in the bylaws. Special meetings of the board of
directors or any committee designated thereby shall be held upon the notice prescribed in
the bylaws. Attendance of a director at a meeting shall constitute a waiver of notice of the
meeting, except where a director attends a meeting for the express purpose of objecting to
the transaction of any business because the meeting is not lawfully called or convened. Neither
the business to be transacted at, nor the purpose of, any regular or special meeting of the
board of directors or any committee designated thereby need be specified in the notice of
the meeting or the waiver of notice unless required by the bylaws. (c) Except as...
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