10A-3-2.31
Section 10A-3-2.31 Bylaws. The initial bylaws of a nonprofit corporation shall be adopted by
its board of directors. The power to alter, amend or repeal the bylaws or adopt new bylaws
shall be vested in the board of directors, unless otherwise provided in the governing documents
of the nonprofit corporation. The bylaws may contain any provisions for the regulation and
management of the affairs of a corporation not inconsistent with law or the certificate of
formation. (Acts 1984, No. 84-290, p. 502, §12; §10-3A-27; amended and renumbered by Act
2009-513, p. 967, §175.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-3-2.31.htm - 894 bytes - Match Info - Similar pages

10A-2A-2.05
Section 10A-2A-2.05 Bylaws. (a) The incorporators or board of directors of a corporation shall
adopt initial bylaws for the corporation. (b) The bylaws of a corporation may contain any
provision that is not inconsistent with law or the certificate of incorporation. (c) The bylaws
may contain one or both of the following provisions: (1) a requirement that if the corporation
solicits proxies or consents with respect to an election of directors, the corporation include
in its proxy statement and any form of its proxy or consent, to the extent and subject to
any procedures or conditions as are provided in the bylaws, one or more individuals nominated
by a stockholder in addition to individuals nominated by the board of directors; and (2) a
requirement that the corporation reimburse the expenses incurred by a stockholder in soliciting
proxies or consents in connection with an election of directors, to the extent and subject
to any procedures and conditions as are provided in the bylaws,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-2.05.htm - 1K - Match Info - Similar pages

24-1A-5
Section 24-1A-5 Powers of authority. The authority shall have the following powers: (1) To
have succession by its corporate name until the principal of and interest on the bonds shall
have been fully paid and until it shall have been dissolved as provided in this chapter; (2)
To sue and be sued and to prosecute and defend in any court having jurisdiction of the subject
matter and of the parties thereto; (3) To adopt and use a corporate seal and to alter the
seal at pleasure; (4) To establish a fiscal year; (5) To maintain an office in the City of
Montgomery; (6) To adopt, and from time to time amend and repeal, bylaws and rules and regulations,
not inconsistent with this chapter, to carry into effect the powers and purposes of the authority
in the conduct of its business; (7) To purchase mortgage loans from mortgage lenders; (8)
To contract with mortgage lenders for the origination of, or the servicing, of mortgage loans
to be made by such mortgage lenders and the servicing of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-5.htm - 7K - Match Info - Similar pages

15-18-179
Section 15-18-179 Application for incorporation; certificate of incorporation; amendment; board
of directors; dissolution; funding; competitive bidding laws not applicable. (a) A public
corporation may be organized as a community punishment and corrections authority pursuant
to this article in any county or group of counties located in one or more judicial circuits.
In order to incorporate the public corporation, any number of natural persons, not less than
three, who are duly qualified electors of a proposed county or counties shall first file a
written application with the county commission or any two or more thereof. The application
shall contain all of the following: (1) The names of each county commission with which the
application is filed. (2) A statement that the applicants propose to incorporate an authority
pursuant to this article. (3) The proposed location of the principal office of the authority.
(4) A statement that each of the applicants is a duly qualified elector of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/15-18-179.htm - 14K - Match Info - Similar pages

10A-2A-10.20
Section 10A-2A-10.20 Authority to amend. (a) A corporation's stockholders may amend or repeal
the corporation's bylaws. (b) A corporation's board of directors may amend or repeal the corporation's
bylaws, unless: (1) the certificate of incorporation, Section 10A-2A-10.21 or, if applicable,
Section 10A-2A-10.22, reserves that power exclusively to the stockholders in whole or part;
or (2) except as provided in Section 10A-2A-2.05(d), the stockholders in amending, repealing,
or adopting a bylaw expressly provide that the board of directors may not amend, repeal, or
adopt that bylaw. (c) A stockholder of the corporation does not have a vested property right
resulting from any provision in the bylaws. (Act 2019-94, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-10.20.htm - 1K - Match Info - Similar pages

37-7-6
Section 37-7-6 Board of directors - Powers. The board shall have power to do all things necessary
or convenient in conducting the business of a corporation, including but not limited to: The
power to adopt and amend bylaws for the management and regulation of the affairs of the corporation;
the bylaws by a corporation may make provisions, not inconsistent with law or its certificate
of incorporation, regulating the admission, withdrawal, suspension or expulsion of members;
the transfer of memberships; the fees and dues of members and the termination of memberships
on nonpayment of dues or otherwise; the number, times and manner of choosing, qualifications,
terms of office, official designations, powers, duties and compensation of its officers; defining
a vacancy in the board or in any office or the manner of filling it; the number of members,
not less than 20 percent, to constitute a quorum at meetings, the date of the annual meeting
and the giving of notice thereof and the holding of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-7-6.htm - 1K - Match Info - Similar pages

34-11-35
Section 34-11-35 Powers of the board. (a) The board shall have the power to adopt and amend
bylaws and rules not inconsistent with the constitution and laws of this state, as may be
reasonably necessary for the proper performance of its duties and the regulation of its procedures,
meetings, records, examinations, and conduct. The board shall have the power to adopt and
amend from time to time rules of professional conduct for professional engineers, engineer
interns, professional land surveyors, land surveyor interns, and corporations, partnerships,
or firms holding certificates of authorization. The board shall adopt and have an official
seal, which shall be affixed to each certificate issued. (b) In carrying into effect its duties
in any case involving the revocation of licensure or any disciplinary proceeding involving
a licensee or the holder of a certificate of authorization or practicing or offering to practice
without licensure, or false statement in connection with an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-11-35.htm - 7K - Match Info - Similar pages

10A-3-4.01
Section 10A-3-4.01 Procedure to amend certificate of formation of a nonprofit corporation.
(a) Amendments to the certificate of formation of a nonprofit corporation shall be made in
the following manner: (1) If there are members entitled to vote thereon, the board of directors
shall adopt a resolution setting forth the proposed amendment and directing that it be submitted
to a vote at a meeting of members entitled to vote thereon, which may be either an annual
or a special meeting. Written notice setting forth the proposed amendment or a summary of
the changes to be effected thereby shall be given to each member entitled to vote at the meeting
within the time and in the manner provided in this chapter for the giving of notice of meetings
of members. The proposed amendment shall be adopted upon receiving at least two-thirds of
the votes entitled to be cast by members present or represented by proxy at the meeting. (2)
If there are no members, or no members entitled to vote thereon, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-3-4.01.htm - 1K - Match Info - Similar pages

22-21-358
Section 22-21-358 Powers of authorities. In addition to all other powers at any time conferred
on it by law, and subject to any express provisions of its certificate of incorporation or
certificate of reincorporation to the contrary, an authority shall (to the extent at the time
not prohibited by the Constitution of Alabama) have the following powers, together with all
powers incidental thereto or necessary to the discharge thereof in corporate form: (1) To
participate as a shareholder in a corporation, as a joint venturer in a joint venture, as
a general or limited partner in a limited partnership or a general partnership, as a member
in a nonprofit corporation or as a member of any other lawful form of business organization,
which provides health care or engages in activities related thereto; (2) To make or arrange
for loans, contributions to capital and other debt and equity financing for the activities
of any corporation of which such authority is a shareholder, any joint venture...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-358.htm - 5K - Match Info - Similar pages

16-17A-6
Section 16-17A-6 Board of directors. (a) Each authority shall have a board of directors composed
of the number of directors provided in the articles of incorporation. (b) All powers of an
authority shall be exercised by the board or pursuant to its authorization. (c) Except for
ex-officio directors specified in the articles of incorporation, all directors of an authority
shall be elected or appointed by the sponsoring university. The articles of incorporation
may provide that specified officers or employees of the sponsoring university shall be ex-officio
directors of an authority, so long as a majority of the directors are elected or appointed
by the sponsoring university. (d) The articles of incorporation may provide that a governmental
entity, a public corporation, or a nonprofit organization may nominate one or more directors
of an authority, provided that the number of directors elected or appointed by the sponsoring
university without nomination may never be less than a majority...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17A-6.htm - 4K - Match Info - Similar pages