10A-20-8.04
Section 10A-20-8.04 Right to set up unit independent of parent corporation. Whenever, as a
result of action of the parent organization, any of its authoritative subdivisions, or its
law-making body the majority group of any local organization shall determine that there has
been a change of social policies, within the meaning of this section, or that any act, declaration,
law, policy, social creed, or jurisdictional system of the parent organization is contrary
to the basic intent, understanding, or basic assumption existing between the contributors,
donors, or grantors of the fraternal property and the local organization or between the contributors,
grantors, or donors and any trustee of property held for the benefit of the local organization
or held by, or for, the use of the local organization subject to the trust clause and whenever
a majority group shall find and determine that the act, declaration, or policy of the parent
organization is not only contrary to the basic intent,...
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7-3-405
Section 7-3-405 Employer's responsibility for fraudulent indorsement by employee. (a) This
section applies to fraudulent indorsements of instruments with respect to which an employer
has entrusted an employee with responsibility as part of the employee's duties. The following
definitions apply to this section: (1) "Employee" includes an independent contractor
and employee of an independent contractor retained by the employer. (2) "Fraudulent indorsement"
means (i) in the case of an instrument payable to the employer, a forged indorsement purporting
to be that of the employer, or (ii) in the case of an instrument with respect to which the
employer is the issuer, a forged indorsement purporting to be that of the person identified
as payee. (3) "Responsibility" with respect to instruments means authority (i) to
sign or indorse instruments on behalf of the employer, (ii) to process instruments received
by the employer for bookkeeping purposes, for deposit to an account, or for other...
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45-42-162.17
Section 45-42-162.17 Transition. (a) The transition period shall be directed by the provisions
contained herein. The level of services during transition shall not be below the level of
service previously provided by the respective government. (b)(1) Not later than six months
after assuming office, the commission shall adopt a plan for the reorganization of service
operations on a countywide basis, so that the general service district shall receive services,
(including, but not limited to: streets and roads, refuse disposal, police, parks, and recreation),
which are customarily furnished by a county government in a metropolitan area, and the urban
service district shall receive services, (including, but not limited to: additional police
protection, additional transportation, street lighting, and street cleaning) which are customarily
furnished by a city in a metropolitan area. The plan to combine services and functions should
aim toward effectiveness, efficiency, and equity in the...
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5-17-8
Section 5-17-8 Reports to Administrator of Alabama Credit Union Administration; powers of administrator.
(a) Credit unions shall report to the Administrator of the Alabama Credit Union Administration
at least annually on or before January 31 in such manner and form as required by the administrator
for that purpose. Additional reports may be required. Credit unions shall be examined at least
every 18 months by employees of the administration or by other persons designated by the administrator.
For failure to file reports when due, unless excused for cause by the administrator, the credit
union shall pay to the State Treasurer five dollars ($5) for each day of its delinquency.
(b) If the administrator determines that the credit union is violating this chapter, or is
insolvent, the administrator may suspend operations of the credit union by issuing an order
requiring that the credit union cease operations pending a hearing on the revocation of the
certificate of approval, or the...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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10A-1-8.01
Section 10A-1-8.01 Conversion of business and nonprofit entities. (a) A conversion of an entity
may be accomplished as provided in this section: (1) CORPORATIONS. a. The terms and conditions
of a plan of conversion of a corporation, other than a nonprofit corporation, must be approved
in accordance with the procedures and by the stockholder vote required by Article 9 of Chapter
2A. If the governing documents provide for approval of a conversion by less than all of a
corporation's stockholders, approval of the conversion shall constitute corporate action subject
to appraisal rights pursuant to Article 13 of Chapter 2A. No conversion of a corporation to
a general or limited partnership may be effected without the consent in writing of each stockholder
who will have personal liability with respect to the converted entity, notwithstanding any
provision in the governing documents of the converting corporation providing for less than
unanimous stockholder approval for the conversion. b. The...
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10-12-7
Section 10-12-7 Unauthorized assumption of powers. All provisions of Title 10 have been repealed
or transferred to Title 10A, effective January 1, 2011. (Acts 1993, No. 93-724, p. 1425, §7.)...

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10-3A-223
Section 10-3A-223 Unauthorized assumption of corporate powers. All provisions of Title 10 have
been repealed or transferred to Title 10A, effective January 1, 2011. (Acts 1984, No. 84-290,
p. 502, §89.)...
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41-6A-10
Section 41-6A-10 Funding and assumption of contracts. Repealed by Act 2015-70 effective April
21, 2015. (Acts 1980, No. 80-449, p. 696, §10.)...
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10-9A-62
Section 10-9A-62 General powers and liabilities. Repealed by Act 97-921, §§ 1, 2, effective
October 1, 1998. (Acts 1983, No. 83-513, p. 737, §403.)...
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