37-13-2
Section 37-13-2 Authority and procedure to incorporate. Pursuant to this chapter, authorities
may be organized as public corporations with the powers herein set forth. To organize an authority,
no fewer than three natural persons shall file with the governing body of any one or more
counties, cities, or towns within this state in which there are located railroad properties
and facilities, an application in writing for permission to incorporate a public corporation
under this chapter and shall attach to such application a proposed form of certificate of
incorporation for such corporation. If each governing body with which the application is filed
shall adopt a resolution, which need not be published or posted, approving the form of the
certificate of incorporation and authorizing the formation of a public corporation, then the
applicants shall become the incorporators of and shall proceed to incorporate an authority
as a public corporation in the manner hereinafter provided, using for...
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10A-10-1.13
Section 10A-10-1.13 Filing fees. (a) A real estate investment trust shall pay the filing fees
required under Section 10A-1-4.31. (b) In computing fees under this section, a real estate
investment trust shall treat its declaration of trust in the same manner as a certificate
of formation. (Acts 1995, No. 95-628, p. 1317, §13; §10-13-13; amended and renumbered by
Act 2009-513, p. 967, §308.)...
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10A-2-8.07
Section 10A-2-8.07 Resignation of directors. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94
EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) A director may
resign at any time by delivering written notice to the board of directors, its chair, or to
the corporation. (b) A resignation is effective when the notice is delivered unless the notice
specifies a later effective date. (Acts 1994, No. 94-245, p. 343, §1; §10-2B-8.07; amended
and renumbered by Act 2009-513, p. 967, §116.)...
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10A-3-2.42
Section 10A-3-2.42 Loans to directors and officers prohibited. No loans shall be made by a
nonprofit corporation to its directors or officers. Any director or officer who assents to
or participates in the making of any loan shall be liable to the nonprofit corporation for
the amount of the loan until the repayment thereof. (Acts 1984, No. 84-290, p. 502, §30;
§10-3A-45; amended and renumbered by Act 2009-513, p. 967, §176.)...
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10A-3-7.15
Section 10A-3-7.15 Liquidation - Entry of order of involuntary dissolution. In proceedings
to liquidate the assets and affairs of a nonprofit corporation, when the costs and expenses
of the proceedings and all debts, obligations, and liabilities of the nonprofit corporation
shall have been paid and discharged and all of its remaining property and assets distributed
in accordance with the provisions of this chapter, or in case its property and assets are
not sufficient to satisfy and discharge the costs, expenses, debts, and obligations, and all
the property and assets have been applied so far as they will go to their payment, the court
shall enter an order dissolving the nonprofit corporation, whereupon the existence of the
nonprofit corporation shall cease. (Acts 1984, No. 84-290, p. 502, §62; §10-3A-154; amended
and renumbered by Act 2009-513, p. 967, §192.)...
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10A-5-2.04
Section 10A-5-2.04 Execution. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE
JANUARY 1, 2017. (a) Unless otherwise specified in this chapter, each filing instrument required
by this chapter to be filed in the office of the judge of probate shall be executed in the
following manner: (1) The certificate of formation shall be signed by one or more members
named therein or an organizer. (2) An amendment shall be signed by at least one member. (3)
If an amendment requires the adding of a new member, the amendment shall be signed by a person
who was a member before the amendment was filed and by the new member. (4) Articles of dissolution
shall be signed by at least one member, as authorized pursuant to the operating agreement.
(b) Any person may sign a document required by this chapter by an attorney-in-fact, but a
power of attorney relating to the admission of a member shall specify that admission of a
new member is an authorized act of the attorney-in-fact. (Acts 1993, No....
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11-20-37
Section 11-20-37 Powers generally; location and operation of projects. (a) The corporation
shall have the following powers, together with all powers incidental thereto or necessary
for the performance of those stated in this subsection: (1) To have succession by its corporate
name for the period specified in the certificate of incorporation unless sooner dissolved
as provided in this article; (2) To sue and be sued and to prosecute and defend civil actions
in any court having jurisdiction of the subject matter and of the parties; (3) To have and
to use a corporate seal and to alter the same at pleasure; (4) To acquire, whether by purchase,
construction, exchange, gift, lease or otherwise, improve, maintain, equip and furnish one
or more projects, including all real and personal properties which the board of directors
of the corporation may deem necessary in connection therewith and regardless of whether or
not any such projects or any part thereof shall then be in existence; (5) To...
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11-22-8
Section 11-22-8 Powers generally; projects partially within county. (a) The corporation shall
have the following powers together with all powers incidental thereto or necessary for the
performance of those hereinafter stated: (1) To have succession by its corporate name for
the period specified in the certificate of incorporation unless sooner dissolved as hereinafter
provided; (2) To sue and be sued and to prosecute and defend in any court having jurisdiction
of the subject matter and of the parties; (3) To have and to use a corporate seal and to alter
the same at pleasure; (4) To acquire, whether by purchase, construction, exchange, gift, lease,
or otherwise, to improve, maintain, equip, furnish, own, and operate one or more projects,
including all real and personal properties which the board of directors of the corporation
may deem necessary in connection therewith and regardless of whether or not any such projects
or any part thereof shall then be in existence; (5) To fix,...
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10A-1-1.08
Section 10A-1-1.08 Short titles. (a) The provisions of this title as described by this section
may be cited as provided by this section. (b) Chapter 2A and the provisions of Chapter 1 to
the extent applicable to business corporations may be cited as the Alabama Business Corporation
Law. (c) Chapter 3 and the provisions of Chapter 1 to the extent applicable to nonprofit corporations
may be cited as the Alabama Nonprofit Corporation Law. (d) Chapter 4 and the provisions of
Chapter 1 to the extent applicable to professional corporations may be cited as the Alabama
Professional Corporation Law. (e) Chapter 5A and the provisions of Chapter 1 to the extent
applicable to limited liability companies may be cited as the Alabama Limited Liability Company
Law. (f) Chapter 8A and the provisions of Chapter 1 to the extent applicable to general partnerships
may be cited as the Alabama Partnership Law. (g) Chapter 9A and the provisions of Chapter
1 to the extent applicable to limited partnerships may...
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10A-1-7.01
Section 10A-1-7.01 Foreign entities required to register. (a)(1) For purposes of this Article
7, the terms register, registering, and registered include (i) a foreign entity other than
a foreign limited liability partnership delivering to the Secretary of State for filing an
application for registration and the Secretary of State filing the application for registration,
and (ii) a foreign limited liability partnership delivering to the Secretary of State for
filing a statement of foreign limited liability partnership and the Secretary of State filing
the statement of foreign limited liability partnership. (2) For purposes of this Article 7,
the term registration includes (i) a filed application for registration and (ii) a filed statement
of foreign limited liability partnership. (b) For purposes of this Article 7, the terms transact
business and transacting business shall include conducting a business, activity, not for profit
activity, and any other activity, whether or not for...
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