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11-99B-3
Section 11-99B-3 Filing of application for incorporation of district; adoption of resolutions
approving or denying application by governing bodies. (a) In order to incorporate a district
under this chapter, any number of natural persons, not less than three, shall first file an
identical written application with the governing body of each county, municipality, and public
corporation proposed to be a member of the proposed district. Such application shall contain:
(1) A statement of each project that the district proposes to acquire or construct. (2) A
general description of the area or areas in which the district proposes to acquire or construct
such project or projects, and the name of each county, municipality, and public corporation
proposed to be a member of the district. (3) A proposed total number of directors, which shall
be at least equal to the total number of counties and municipalities, and public corporations
with the governing bodies of which such application is filed, but...
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27-31B-21
Section 27-31B-21 Conversion to or merger with reciprocal insurer. (a) An association captive
insurance company or industrial insured group formed as a stock or mutual corporation may
be converted to or merged with and into a reciprocal insurer in accordance with a plan therefor
and this section. (b) A plan for this conversion or merger shall satisfy both of the following:
(1) Be fair and equitable to the shareholders, in the case of a stock insurer, or the policyholders,
in the case of a mutual insurer. (2) Provide for the purchase of the shares of any nonconsenting
shareholder of a stock insurer or the policyholder interest of any nonconsenting policyholder
of a mutual insurer in substantially the same manner and subject to the same rights and conditions
as are accorded a dissenting shareholder under Article 13, commencing with Section 10-2B-13.01,
of Chapter 2B of Title 10. (c) A conversion authorized under subsection (a) shall satisfy
all of the following: (1) The conversion shall...
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10A-3-7.10
court of the county in which the nonprofit corporation's principal office is located in this
state, and if none in this state, the circuit court for the county in which the nonprofit
corporation's most recent registered office is located shall have full power to liquidate
the assets and affairs of a nonprofit corporation: (1) In an action by a member or director
when it is established: a. That the directors are deadlocked in the management of the corporate
affairs and that irreparable injury to the nonprofit corporation is being suffered
or is threatened by reason thereof, and either that the members are unable to break the deadlock
or there are no members having voting rights; b. That the acts of the directors or those in
control of the nonprofit corporation are illegal, oppressive, or fraudulent; c. That the members
entitled to vote in the election of directors are deadlocked in voting power and have failed
for at least two years to elect successors to directors whose terms...
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45-37-123.23
Section 45-37-123.23 Records and reports. (a) Records. The pension board shall keep a record
of all of its proceedings, which shall be open to public inspection. Additionally, the pension
board shall keep all other books of account, records, policies, compensation records, service
records, and other data that may be necessary for proper administration of the plan and shall
be responsible for supplying all information and reports to the Internal Revenue Service,
members, beneficiaries, and others as may be required by law. (b) Correction of records. (1)
The pension board shall correct any error in a member's service record which the pension board
concludes is necessary to correct or remove an injustice or prevent a member from receiving
less or more than such member is entitled to receive under the plan. The pension board shall
adopt written rules prescribing the procedure the pension board shall follow in considering
whether an error in an employee's service record should be corrected....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.23.htm - 3K - Match Info - Similar pages
5-7A-62
Section 5-7A-62 Application to convert charter; written plan of conversion; authorizing resolution;
submission to superintendent; fee; tentative approval; vote of stockholders or members; directors;
articles of incorporation and bylaws; statement of superintendent's objections; amendment;
appeal of disapproval; application to FDIC; final approval and permit. Any savings institution
may apply to the superintendent for permission to convert its charter in order to do business
as a state chartered bank in accordance with the following procedures: (1) The board of directors
shall approve a written plan of conversion, the application for conversion and shall adopt
an authorizing resolution, all by a vote of a majority of all the directors. The plan of conversion
shall include a statement of: a. The proposed organization and management structure of the
resulting bank if the application were approved, and the proposed name under which it would
do business as a bank; b. The method and time...
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10A-3-2.03
Section 10A-3-2.03 Notice of members' meetings. Unless otherwise provided in the nonprofit
corporation's governing documents, written notice stating the place, day and hour of the meeting
and, in case of a special meeting, the purpose or purposes for which the meeting is called,
shall be delivered not less than 10 nor more than 50 days before the date of the meeting,
either personally or by mail, by or at the direction of the president, or the secretary, or
the officers or persons calling the meeting, to each member entitled to vote at the meeting.
If mailed, the notice shall be deemed to be delivered when deposited in the United States
mail addressed to the member at his or her address as it appears on the records of the nonprofit
corporation, with postage thereon prepaid. (Acts 1984, No. 84-290, p. 502, §14; §10-3A-29;
amended and renumbered by Act 2009-513, p. 967, §171.)...
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22-51-7
Section 22-51-7 Incorporation of public corporations - Certificate of incorporation - Amendments.
The certificate of incorporation may be amended, from time to time, to provide for any objective
that was not included in the original certificate of incorporation by proceeding as follows:
(1) The board of directors of the corporation, subject to the approval of the Alabama Department
of Mental Health, shall first adopt a resolution setting forth and approving the proposed
amendment. (2) The proposed amendment shall then be submitted to each governing body which
has appointed or is entitled to appoint a member of the said board as it is constituted at
the time of the adoption of the said resolution setting forth and approving the proposed amendment.
(3) If a governing body to which the proposed amendment is submitted shall find that the said
amendment is in the public interest, and prima facie proof that it is in the public interest
shall consist of proof that it has been approved by the...
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10A-2A-11.06
Section 10A-2A-11.06 Statement or merger or stock exchange. (a) After a plan of merger has
been adopted and approved as required by this article, then a statement of merger shall be
signed by each party to the merger except as provided in Section 10A-2A-11.05(a). The statement
of merger must set forth: (1) the name, type of organization, and mailing address of the principal
office of each constituent organization, the jurisdiction of the governing statute of each
constituent organization, and the respective unique identifying number or other designation
as assigned by the Secretary of State, if any, of each constituent organization; (2) the name,
type of organization, and mailing address of the principal office of the surviving organization,
the unique identifying number or other designation as assigned by the Secretary of State,
if any, of the surviving organization, the jurisdiction of the governing statute of the surviving
organization, and, if the surviving organization is created...
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16-17A-8
Section 16-17A-8 Powers of authority. (a) An authority shall have and may exercise any power
granted nonprofit corporations under Title 10A, together with all powers incidental thereto
or necessary or desirable to the discharge thereof, including, without limitation, the following
specific powers: (1) To adopt, maintain, and amend bylaws and a corporate seal. (2) To sue
and, subject to the limitations herein, be sued; provided, however, that no authority entitled
to sovereign immunity shall be denied such immunity. (3) To acquire, construct, equip, and
operate those health care facilities it considers necessary or desirable. (4) To enter into
contracts and agreements, borrow money, incur indebtedness, and issue bonds, notes, debt securities,
or any other evidence of indebtedness. (5) To pledge the general credit of the authority or
any revenues or income of the authority to repayment of any of its indebtedness. (6) To mortgage
or pledge its health care facilities or its other assets or...
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41-9-252
Section 41-9-252 Cahawba Historical Site - Advisory committee. (a)(1) There is established
an advisory committee to be known as the Cahawba Advisory Committee, composed of 16 members,
15 of whom shall be appointed by the Governor. The Judge of Probate of Dallas County shall
be the sixteenth member but shall be a member ex officio and shall not be entitled to a vote
on the advisory committee. The members shall serve for terms of seven years each, and the
judge of probate shall serve throughout his or her term of office. Members of the advisory
committee shall be appointed so that each congressional district is represented by one appointed
member on the advisory committee; except, that the congressional district in which Cahawba
is situated shall be represented by eight appointed members, five of whom shall be residents
of Dallas County and three of whom shall be from some other county in the congressional district.
The membership of the advisory committee shall reflect the racial,...
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