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10A-2A-17.06
Section 10A-2A-17.06 Rights of action. (a) Except in a proceeding authorized under Section
10A-2A-17.05(c) or this section, no person other than the corporation, or a stockholder in
the right of the corporation pursuant to subsection (b), may bring an action or assert a claim
with respect to the violation of any duty applicable to a benefit corporation or any of its
directors under this article. (b) Except for a proceeding brought under Section 10A-2A-17.05(c),
a proceeding by a stockholder of a benefit corporation claiming violation of any duty applicable
to a benefit corporation or any of its directors under this article: (1) must be brought in
a derivative proceeding pursuant to Division D of Article 7 of this chapter; and (2) may be
brought only by a stockholder of the benefit corporation that at the time of the act or omission
complained of either individually, or together with other stockholders bringing such action
collectively, owned directly or indirectly at least five percent...
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10A-2A-8.54
Section 10A-2A-8.54 Court-ordered indemnification and advance for expenses. (a) A director
who is a party to a proceeding because he or she is a director may apply for indemnification
or an advance for expenses to the court conducting the proceeding or to another court of competent
jurisdiction. After receipt of an application and after giving any notice it considers necessary,
the court shall: (1) order indemnification if the court determines that the director is entitled
to mandatory indemnification under Section 10A-2A-8.52; (2) order indemnification or advance
for expenses if the court determines that the director is entitled to indemnification or advance
for expenses pursuant to a provision authorized by Section 10A-2A-8.58(a); or (3) order indemnification
or advance for expenses if the court determines, in view of all the relevant circumstances,
that it is fair and reasonable (i) to indemnify the director, or (ii) to advance expenses
to the director, even if, in the case of (i)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-8.54.htm - 2K - Match Info - Similar pages
10A-4-5.05
Section 10A-4-5.05 Interrogatories by licensing authority; generally (a) Each licensing authority
of Alabama may propound to any professional corporation, domestic or foreign, organized to
practice a profession within the jurisdiction of the licensing authority, and to any officer
or director thereof, the interrogatories as may be reasonably necessary and proper to enable
the licensing authority to ascertain whether the corporation has complied with all the provisions
of this chapter applicable to the professional corporation. The interrogatories shall be answered
within 30 days after the mailing thereof, or within the additional time as shall be fixed
by the licensing authority, and the answers thereto shall be full and complete and shall be
made in writing and under oath. If the interrogatories be directed to an individual they shall
be answered by him or her, and if directed to a corporation they shall be answered by the
president, vice president, secretary, or assistant secretary...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-4-5.05.htm - 2K - Match Info - Similar pages
11-50-525
Section 11-50-525 Board of directors. The government of the corporation shall be vested in
the board, which may by resolution exercise or provide for the exercise of all the powers
of the corporation. The board shall be composed of one director from each municipality located
in the power district having a population of 1,000 or more inhabitants according to the last
or any future federal census, whose election shall be certified to the corporation by the
clerk of such municipality as hereinafter provided. The governing body of each such municipality
having such population may elect a director from such municipality. The election of each such
director shall be certified to the corporation by the clerk of the municipality whose governing
body shall make such election, as and when any such election shall be so made. The directors
so certified shall constitute the board, and a majority thereof at any time existing shall
constitute a quorum of the board for the transaction of business. The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-525.htm - 2K - Match Info - Similar pages
22-3A-3
Section 22-3A-3 Creation of corporation; members. The State Health Officer, the Governor or
his designee, the Director of Finance of the state, the State Treasurer, one member of the
state Senate to be appointed by the President of the Senate (which member may be the President
of the Senate), and one member of the House of Representatives to be appointed by the Speaker
of the House of Representatives (which member may be the Speaker of the House of Representatives)
may become a public corporation with the powers hereinafter provided by proceeding according
to the provisions of Section 22-3A-4. (Acts 1990, No. 90-598, ยง3.)...
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45-37-243.14
Section 45-37-243.14 Taxes constitute debt. The license taxes herein levied shall constitute
a debt due the counties subject to this subpart, and may be collected by civil suit brought
within three years after the tax has become due and payable. The judge of probate, license
commissioner, director of county department of revenue, or other public officer performing
like duties in such counties shall have the power to bring and prosecute any such suits in
his or her own name as judge of probate, license commissioner, director of county department
of revenue, or other public officer performing like duties in such counties for and on behalf
of the counties subject to this subpart. The provisions of this section are cumulative and
this section shall not be deemed to abridge or limit the power of the judge of probate, license
commissioner, director of county department of revenue, or other public officer performing
like duties in such counties to use all other methods of collection that are...
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10A-2-3.03
Section 10A-2-3.03 Emergency powers. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE
JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) In anticipation of or during
an emergency defined in subsection (d), the board of directors of a corporation may: (1) Modify
lines of succession to accommodate the incapacity of any director, officer, employee, or agent;
and (2) Relocate the principal office, designate alternative principal offices or regional
offices, or authorize the officers to do so. (b) During an emergency defined in subsection
(d), unless emergency bylaws provide otherwise: (1) Notice of a meeting of the board of directors
need be given only to those directors whom it is practicable to reach and may be given in
any practical manner, including by publication and radio; and (2) One or more officers of
the corporation present at a meeting of the board of directors may be deemed to be directors
for the meeting in order of rank and within the same rank in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-3.03.htm - 1K - Match Info - Similar pages
24-1A-3
Section 24-1A-3 Incorporation of authority authorized; application; filing; fees. (a) The nine
persons initially designated as members of the authority may become a corporation with the
power and authority provided in this chapter by proceeding according to the provisions of
this chapter. To become a corporation, the persons so designated shall present to the Secretary
of State an application signed by them which shall state: (1) That the applicants propose
to incorporate the authority pursuant to this chapter; (2) The name and official residence
of each of the applicants; (3) The date on which each applicant was appointed as a member
by the Governor and the expiration date of the term for which he was appointed; (4) The name
of the proposed corporation, which shall be "Alabama Housing Finance Authority";
(5) The location of the principal office of the proposed corporation, which shall be in the
City of Montgomery; and (6) Any other matter relating to the authority which the applicants...
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40-9-1.1
Section 40-9-1.1 Stringfellow Memorial Hospital. (a) The board of trustees of the Susie Parker
Stringfellow Memorial Hospital established and created under the last will and testament of
Susie P. Stringfellow, deceased, and Stringfellow Memorial Hospital Non-Profit Realty Company,
a nonprofit corporation, and all real and personal property of said board of trustees or said
nonprofit corporation shall be exempt from the payment of any and all state, county and municipal
ad valorem taxes. (b) Any ad valorem taxes which were, are or may be collected subsequent
to May 4, 1982, as the result of any assessment against the board of trustees of the Susie
Parker Stringfellow Memorial Hospital established and created under the last will and testament
of Susie P. Stringfellow, deceased, or Stringfellow Memorial Hospital Non-Profit Realty Company,
a nonprofit corporation, or any real or personal property of said board of trustees or said
nonprofit corporation, will be remitted to the entity which...
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10A-2A-8.60
Section 10A-2A-8.60 Interested directors; quorum. (a) No contract or transaction between a
corporation and one or more of its directors or officers, or between a corporation and any
other corporation, partnership, association, or other entity in which one or more of its directors
or officers, are directors or officers, or have a financial interest, shall be void or voidable
solely for this reason, or solely because the director or officer is present at or participates
in the meeting of the board of directors or committee which authorizes the contract or transaction,
or solely because the director's or officer's votes are counted for that purpose, if: (1)
The material facts as to the director's or officer's relationship or interest and as to the
contract or transaction are disclosed or are known to the board of directors or the committee,
and the board or committee in good faith authorizes the contract or transaction by the affirmative
votes of a majority of the qualified directors,...
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