|
27-3-10
Section 27-3-10 Application of capital surplus to reduction or elimination of deficit by domestic
stock insurers. (a) For the purposes of this section, the following words and phrases shall
have the following meanings: (1) DOMESTIC STOCK INSURER. A corporation incorporated under
the laws of the State of Alabama with its capital divided into shares and owned by its stockholders
which is engaged as indemnitor, surety, or contractor in the business of entering into contracts
of insurance. (2) CAPITAL SURPLUS. Such term shall have the meaning given thereto in the statutes
of this state relating to the powers and procedures of domestic private corporations formed
for profit. (3) EARNED SURPLUS. Such term shall have the meaning given thereto in the statutes
of this state relating to the powers and procedures of domestic private corporations formed
for profit. (b) A domestic stock insurer which has the minimum unimpaired paid-in capital
stock required for the transaction of insurance by such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-3-10.htm - 1K - Match Info - Similar pages
37-10-2
Section 37-10-2 Definitions. When used in this chapter, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) DEPARTMENT. The Highway Department of the State of Alabama. (2) PERSON. An individual,
corporation, partnership or foreign or domestic association. (3) RAIL PROPERTIES. Assets or
rights, both real and personal, owned, leased or otherwise controlled by a railroad
which are used or useful in providing rail transportation service. (4) RAIL SERVICE. Both
freight and passenger service. (Acts 1976, No. 307, p. 340, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-10-2.htm - 952 bytes - Match Info - Similar pages
40-9-25.8
Section 40-9-25.8 Birmingham Civil Rights Institute. The Birmingham Civil Rights Institute,
Inc., a nonprofit corporation organized under the laws of the State of Alabama, the directors
of which are appointed by the City Council of the City of Birmingham, which is sponsored by
the City of Birmingham to present exhibits, educational programming, and maintain archives
for educational and historical research respecting civil rights and human rights in Alabama,
the United States, and the world, is exempted from all state, county, and municipal income,
license, and sales and use taxes. (Acts 1996, No. 96-745, p. 1306 §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9-25.8.htm - 933 bytes - Match Info - Similar pages
10A-2-11.07
Section 10A-2-11.07 Merger or share exchange with foreign corporation. REPEALED IN THE 2019
REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE
SUPPLEMENT. (a) Subject to the limitations of the Constitution of Alabama of 1901, as the
same may be amended from time to time, one or more foreign corporations may merge or enter
into a share exchange with one or more domestic corporations if: (1) In a merger, the merger
is permitted by the law of the state or country under whose law each foreign corporation is
incorporated and each foreign corporation complies with that law in effecting the merger;
(2) In a share exchange, the corporation whose shares will be acquired is a domestic corporation,
whether or not a share exchange is permitted by the law of the state or country under whose
law the acquiring corporation is incorporated; (3) The foreign corporation complies with Section
10A-2-11.05 if it is the surviving corporation of the merger or acquiring...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-11.07.htm - 2K - Match Info - Similar pages
10A-20-15.01
Section 10A-20-15.01 Rights, powers, and authority. All corporations organized under the general
laws of this state, or heretofore under a special act of the Legislature, and all corporations
organized under the laws of any other of the United States which have complied with the Constitution
and laws of the State of Alabama as to foreign corporations and which by their charter have
the right to manufacture, supply, and sell to the public power produced by water as a motive
force, shall, after acquiring by purchase, or otherwise than by condemnation, a dam site or
power site comprising not less than one acre of land upon each and opposite sides of any watercourse
or after acquiring by purchase, or otherwise than by condemnation, a dam site comprising not
less than one acre of land upon one side of any watercourse and, where the dam site on the
other side of the watercourse is owned or controlled by the United States, shall have acquired
the permission of the United States to attach to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-15.01.htm - 9K - Match Info - Similar pages
10A-3-7.02
Section 10A-3-7.02 Voluntary dissolution - Distribution of assets generally. The assets of
a nonprofit corporation in the process of dissolution shall be applied and distributed as
follows: (1) All liabilities and obligations of the nonprofit corporation shall be paid and
discharged, or adequate provision shall be made therefor; (2) Assets held by the nonprofit
corporation upon condition requiring return, transfer or conveyance, which condition occurs
by reason of the dissolution, shall be returned, transferred or conveyed in accordance with
the requirements; (3) Assets received and held by the nonprofit corporation subject to limitations
permitting their use only for charitable, religious, eleemosynary, benevolent, educational,
or similar purposes, but not held upon a condition requiring return, transfer or conveyance
by reason of the dissolution, shall be transferred or conveyed to one or more domestic or
foreign corporations, societies or organizations engaged in activities...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-3-7.02.htm - 2K - Match Info - Similar pages
11-50-190
Section 11-50-190 Definitions. For the purposes of this article, the following terms shall
have the meanings respectively ascribed to them in this section: (1) MUNICIPALITY. A municipal
corporation organized and existing under the laws of Alabama. (2) WATER SYSTEM. Facilities
for the gathering, collecting, impounding, treatment, transmission, and distribution, or any
of them, of water for domestic use or for industrial use, or both, together with all appurtenances
to any such facilities. (3) SANITARY SEWER SYSTEM. Facilities for the collection, transmission,
treatment, and disposal of sewage, together with all appurtenances to any such facilities.
(4) COMBINED SYSTEM. A consolidated system resulting from the combination of any water system
and sanitary system. (5) SYSTEM. A water system, a sanitary system, or a combined system.
(Acts 1975, No. 831, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-190.htm - 1K - Match Info - Similar pages
40-21-100
Section 40-21-100 Definitions. (a) For the purpose of this article, the following terms shall
have the respective meanings ascribed by this section: (1) BUSINESS. All activities relating
to the furnishing of utility services. (2) DEPARTMENT. The Department of Revenue of the State
of Alabama. (3) DOMESTIC WATER. All water except water that is sold to persons for use or
consumption in industrial processes and not primarily for human consumption. (4) GROSS RECEIPTS.
The value proceeding or accruing from the furnishing of utility services, all receipts actual
and accrued, without any deduction on account of the cost of the utility services sold, the
cost of the materials used, labor or service cost, interest paid, or any other expense whatever,
and without any deductions on account of losses. (5) GROSS SALES. The value proceeding or
accruing from the furnishing of utility services, and including the proceeds from the sale
of any utility services handled on consignment by the taxpayer,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-21-100.htm - 12K - Match Info - Similar pages
40-21-80
Section 40-21-80 Definitions. (a) For the purpose of this article, the following terms shall
have the respective meanings ascribed by this section: (1) DEPARTMENT. The Department of Revenue
of the State of Alabama. (2) DOMESTIC WATER. All water except water that is sold to persons
for use or consumption in industrial processes and not primarily for human consumption. (3)
GROSS RECEIPTS. The value proceeding or accruing from the furnishing of utility services,
all receipts actual and accrued, without any deduction on account of the cost of the utility
services sold, the cost of the materials used, labor or service cost, interest paid, or any
other expenses whatever, and without any deductions on account of losses. (4) GROSS SALES.
The value proceeding or accruing from the furnishing of utility services, and including the
proceeds from the sale of any utility services handled on consignment by the taxpayer, without
any deduction on account of the cost of the utility services sold, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-21-80.htm - 10K - Match Info - Similar pages
5-13B-113
Section 5-13B-113 Suspension or revocation of license; factors. If, after notice and a hearing,
the superintendent finds any of the following with respect to a foreign bank which is licensed
to establish and maintain an Alabama state branch or Alabama state agency, he or she may issue
an order suspending or revoking the license of such foreign bank: (1) That the foreign bank
has violated any provision of this article or of any regulation or order issued under this
article or any provision of any other applicable law, regulation, or order; (2) That the foreign
bank is transacting activities in this state in an unsafe or unsound manner or, in any case,
is transacting activities elsewhere in an unsafe or unsound manner; (3) That the foreign bank
or any one or more of its Alabama state branches or Alabama state agencies is in an unsafe
or unsound condition; (4) That the foreign bank has ceased to operate any of its offices in
this state without the prior approval of the superintendent in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-113.htm - 2K - Match Info - Similar pages
|