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27-29-9
Section 27-29-9 Injunctions; prohibitions against voting securities; sequestration of voting
securities. (a) Injunctions. Whenever it appears to the commissioner that any insurer or any
director, officer, employee, or agent thereof has committed, or is about to commit, a violation
of this chapter or of any rule, regulation, or order issued by the commissioner under this
chapter, the commissioner may apply to the circuit court for the county in which the principal
office of the insurer is located or if such insurer has no such office in this state, then
to the Circuit Court for Montgomery County for an order enjoining such insurer or such director,
officer, employee, or agent thereof from violating, or continuing to violate, this chapter
or any such rule, regulation, or order and for such other equitable relief as the nature of
the case and the interests of the insurer's policyholders, creditors, and shareholders or
the public may require. (b) Voting of securities; when prohibited. No...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-29-9.htm - 3K - Match Info - Similar pages
34-29-111
Section 34-29-111 Duties of board; Alabama Veterinary Professionals Wellness Committee; liability.
(a) It shall be the duty and obligation of the State Board of Veterinary Medical Examiners
to promote the early identification, intervention, treatment, and rehabilitation of veterinary
professionals licensed to practice veterinary medicine or veterinary technology in Alabama
who may be impaired by reason of illness, inebriation, excessive use of drugs, narcotics,
alcohol, chemicals, or other substances, or as a result of any physical or mental condition.
(b) In order to carry out this obligation the State Board of Veterinary Medical Examiners
may contract with any nonprofit corporation or medical professional association for the purpose
of creating, supporting, and maintaining a committee of veterinary professionals to be designated
the Alabama Veterinary Professionals Wellness Committee. The committee shall consist of not
less than 10 nor more than 15 veterinary professionals licensed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-29-111.htm - 7K - Match Info - Similar pages
10A-2-16.04
Section 10A-2-16.04 Court-ordered inspection. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94
EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) If a domestic corporation
or a foreign corporation with its principal office within this state does not allow a shareholder
who complies with Section 10A-2-16.02(a) to inspect and copy any records required by that
subsection to be available for inspection, the circuit court of the county where the corporation's
principal office, or, if none in this state, its registered office, is located may summarily
order inspection and copying of the records demanded at the corporation's expense upon application
of the shareholder. (b) If a domestic corporation or a foreign corporation with its principal
office within this state does not within a reasonable time allow a shareholder to inspect
and copy any other record, the shareholder who complies with Section 10A-2-16.02(b) and (c)
may apply to the circuit court in the county...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-16.04.htm - 2K - Match Info - Similar pages
10A-8A-10.02
Section 10A-8A-10.02 Special rules for limited liability partnerships performing professional
services. (a) A limited liability partnership shall have the power to render professional
services if it complies with the rules of the licensing authority for such profession. (b)
Every individual who renders professional services as a partner or as an employee of a limited
liability partnership shall be liable for any negligent or wrongful act or omission in which
the individual personally participates to the same extent the individual would be liable if
the individual rendered the services as a sole practitioner. (c) Except as otherwise provided
in subsection (b), the personal liability of a partner of any limited liability partnership
engaged in providing professional services shall be governed by Section 10A-8A-3.06. (d) The
personal liability of a partner or employee of a foreign limited liability partnership engaged
in providing professional services shall be determined under the law of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-10.02.htm - 2K - Match Info - Similar pages
11-91-2
Section 11-91-2 Contracting for and purchase of insurance policies generally; requirements
as to amounts of insurance under policies and coverage of policies. (a) All such governing
bodies shall have authority to contract for and purchase any or all such policies of insurance
from any insurer or insurers admitted to transact the business of such insurance in the State
of Alabama, and the governing bodies of all state colleges and universities shall have, in
addition to powers previously granted, the authority to contract for and purchase any or all
such policies of insurance from any nonprofit corporation organized and operated without profit
to any private shareholder or individual exclusively for the purpose of aiding or strengthening
educational institutions by issuing insurance and annuity contracts only to or for the benefit
of such institutions and individuals engaged in the services of such institutions. (b) The
amounts of insurance under any such policy must be based upon some...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-91-2.htm - 1K - Match Info - Similar pages
12-5A-5
Section 12-5A-5 Employees included in state court system personnel system; salary subsidies.
(a) On the effective date of this chapter, any juvenile probation officer serving the juvenile
court and any clerical employee or professional staff member who supports the juvenile probation
officers shall become the base group of employees to be transitioned to be employees of the
State of Alabama and be included in the state court system personnel system. The foregoing
provision shall have no application or effect as to any position that is established and filled
after passage of this chapter, unless prior written approval for the additional position is
provided by the Administrative Director of Courts, nor shall it apply to any position or employee
whose primary responsibility involves support to a juvenile detention or shelter care facility.
Any controversy regarding the composition of that class of persons or positions qualifying
as court personnel under this chapter shall be determined...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-5A-5.htm - 3K - Match Info - Similar pages
5-6A-22
Section 5-6A-22 Overdrawing own account; receipt of commissions, etc., to procure loans, discounts,
etc. Any officer, director, or employee of a bank who willfully and knowingly overdraws his
account with such bank and thereby obtains money or funds of any such bank except as the superintendent
shall allow by regulation, or asks, receives, consents or agrees to receive any commission,
emolument, gratuity, or reward or any promise of any commission, emolument or reward, or any
money, property or thing of value or of personal advantage in procuring or endeavoring to
procure for any person, firm or corporation any loan from or the purchase or discount of any
paper, note, draft, check or bill of exchange by any such bank is guilty of a misdemeanor.
(Acts 1980, No. 80-658, §5-6-22.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-6A-22.htm - 1K - Match Info - Similar pages
10A-11-1.10
Section 10A-11-1.10 Internal capital accounts. (a) Any employee cooperative may establish through
its governing documents a system of internal capital accounts, to reflect the book value and
to determine the redemption price of membership shares, capital stock, and written notices
of allocation. (b) The governing documents of an employee cooperative may permit the periodic
redemption of written notices of allocation and capital stock, and shall provide for recall
and redemption of the membership share upon termination of membership in the cooperative.
No redemption shall be made if the redemption would result in the liability of any director
or officer of the employee cooperative. (c) The governing documents may provide for the employee
cooperative to pay or credit interest on the balance in each member's internal capital account.
(d) The governing documents may authorize assignment of a portion of retained net earnings
and net losses to a collective reserve account. Earnings assigned...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-11-1.10.htm - 1K - Match Info - Similar pages
10A-2A-8.51
Section 10A-2A-8.51 Permissible indemnification. (a) Except as otherwise provided in this section,
a corporation may indemnify an individual who is a party to a proceeding because the individual
is a director against liability incurred in the proceeding if: (1) (i) the director conducted
himself or herself in good faith; and (ii) the director reasonably believed: (A) in the case
of conduct in an official capacity, that his or her conduct was in the best interests of the
corporation; and (B) in all other cases, that his or her conduct was at least not opposed
to the best interests of the corporation; and (iii) in the case of any criminal proceeding,
the director had no reasonable cause to believe his or her conduct was unlawful; or (2) the
director engaged in conduct for which broader indemnification has been made permissible or
obligatory under a provision of the certificate of incorporation (as authorized by Section
10A-2A-2.02(b)(5)). (b) A director's conduct with respect to an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-8.51.htm - 2K - Match Info - Similar pages
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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