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10A-5A-11.13
Section 10A-5A-11.13 Other claims against dissolved series. Notwithstanding Sections
10A-1-9.01 and 10A-1-9.22: (a) A dissolved series may publish notice of its dissolution and
request that persons with claims against the dissolved series present them in accordance with
the notice. (b) The notice authorized by subsection (a) must: (1) be published at least one
time in a newspaper of general circulation in the county in which the limited liability company's
principal office is located or, if it has none in this state, in the county in which the limited
liability company's most recent registered office is located; (2) describe the information
that must be included in a claim and provide a mailing address to which the claim is to be
sent; and (3) state that if not sooner barred, a claim against the dissolved series will be
barred unless a proceeding to enforce the claim is commenced within two years after the publication
of the notice. (c) If a dissolved series publishes a newspaper...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-5A-11.13.htm - 5K - Match Info - Similar pages
27-31B-8
Section 27-31B-8 Formation of captive insurance companies in this state. (a) A pure
captive insurance company or a protected cell captive insurance company shall be formed as
a stock or mutual insurer, or as a nonprofit or limited liability company with its capital
divided into units and held by the stockholders, members, or other equivalent as allowed by
law. (b) An association captive insurance company, an industrial insured captive insurance
company, or a risk retention group may be formed in any of the following ways: (1) Organized
as a stock insurer with its capital divided into share units and held by the stockholders,
members, or other equivalent as allowed by law. (2) Organized as a mutual insurer without
capital stock, the governing body of which is elected by the member organizations of its association.
(3) Organized as a reciprocal insurer in accordance with Chapter 31 of this title. (4) Organized
as a manager-managed limited liability company. (c) A captive insurance...
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10A-1-7.07
Section 10A-1-7.07 Entity name. If the name of a foreign entity does not satisfy the
requirements of Article 5, the foreign entity, for use in this state, may: (1) if a corporation,
add to its corporate name the word "corporation" or "incorporated" or
an abbreviation of one of the words; (2) if a banking corporation, add to its corporate name
the words "bank," "banking," or "bankers"; (3) if a limited
partnership that is not a limited liability limited partnership, add to its partnership name
the word "limited" or the abbreviation "Ltd." or the phrase "limited
partnership" or the abbreviation "L.P." or "LP" but its name must
not contain the phrase "limited liability limited partnership" or the abbreviation
"LLLP" or "L.L.L.P."; (4) if a limited partnership that is a limited liability
limited partnership, add to its partnership name the phrase "limited liability limited
partnership" or the abbreviation "LLLP" or "L.L.L.P." and must not
contain the abbreviation "Ltd.," "L.P.," or "LP."...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-7.07.htm - 2K - Match Info - Similar pages
10A-5-4.04
Section 10A-5-4.04 Derivative actions. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144
EFFECTIVE JANUARY 1, 2017. (a) A member may bring an action in the right of a limited liability
company to recover a judgment in its favor if the members or managers with authority to do
so have refused to bring the action or if an effort to cause those members or managers to
bring the action is not likely to succeed. (b) In a derivative action, the plaintiff shall
be a member (1) at the time of bringing the action or have succeeded to the right of a member
by operation of law or pursuant to the terms of the operating agreement from a person who
was a member and (2) at the time of the transaction of which he or she complains. (c) In a
derivative action, the complaint shall set forth with particularity the effort of the plaintiff
to secure initiation of the action by the members or managers with authority to do so, or
the reasons for not making the effort. (d) If a derivative action is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-5-4.04.htm - 1K - Match Info - Similar pages
31-13-3
Section 31-13-3 Definitions. For the purposes of this chapter, the following words shall
have the following meanings: (1) ALIEN. Any person who is not a citizen or national of the
United States, as described in 8 U.S.C. ยง 1101, et seq., and any amendments thereto. (2)
BUSINESS ENTITY. Any person or group of persons employing one or more persons performing or
engaging in any activity, enterprise, profession, or occupation for gain, benefit, advantage,
or livelihood, whether for profit or not for profit. Business entity shall include, but not
be limited to, the following: a. Self-employed individuals, business entities filing articles
of incorporation, partnerships, limited partnerships, limited liability companies, foreign
corporations, foreign limited partnerships, foreign limited liability companies authorized
to transact business in this state, business trusts, and any business entity that registers
with the Secretary of State. b. Any business entity that possesses a business...
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10A-4-1.03
Section 10A-4-1.03 Definitions. As used in this chapter, unless the context otherwise
requires, the term: (1) DISQUALIFIED PERSON. Any person who is not a qualified person. (2)
DOMESTIC PROFESSIONAL CORPORATION. A corporation for profit or nonprofit organized pursuant
to the provisions of this chapter. (3) FOREIGN PROFESSIONAL CORPORATION. A corporation or
unincorporated association, for profit or nonprofit, organized for the purpose of rendering
professional services under a law other than the law of Alabama. (4) LICENSING AUTHORITY.
As defined in Section 10A-1-1.03(49). (5) PROFESSIONAL SERVICE. As defined in Section
10A-1-1.03(80). (6) QUALIFIED PERSON. With respect to any domestic professional corporation:
a. An individual who is authorized by law of Alabama or of any qualified state to render a
professional service permitted by the certificate of formation of the professional corporation;
b. A general partnership in which all the partners are qualified persons with respect to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-4-1.03.htm - 2K - Match Info - Similar pages
27-7-5.1
Section 27-7-5.1 Licenses - Limited license for motor vehicle rental companies. (a)
As used in this section, the following terms shall have the following meanings: (1)
RENTAL AGREEMENT. Any written agreement setting forth the terms and conditions governing the
use of a vehicle provided by the rental company for rental or lease. (2) RENTAL COMPANY. Any
person or entity in the business of providing rental vehicles to the public under a rental
agreement for a period not to exceed 90 days. (3) RENTAL PERIOD. The term of the rental agreement.
(4) RENTER. Any person obtaining the use of a vehicle from a rental company under the terms
of a rental agreement for a period not to exceed 90 days. (5) VEHICLE OR RENTAL VEHICLE. A
motor vehicle of the private passenger type (including passenger vans, minivans, and sport
utility vehicles) and of the cargo type (including cargo vans, pickup trucks, and trucks with
gross vehicle weight of less than 26,000 pounds, which do not require the operator to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-7-5.1.htm - 6K - Match Info - Similar pages
5-11A-4
Section 5-11A-4 Use of word "trust" in designation or name of entity. Except
in the case of any entity which is organized and operating under the laws of Alabama, other
states, or the United States as a trust company or as a combined bank and trust company and
which has complied with the requirements of Sections 5-11A-1 and 5-11A-3 or with similar laws
of other states or of the United States, no firm, partnership, limited liability company,
corporation, or other entity shall use the word "trust" or a word or words of similar
meaning in any foreign language as a part of its designation or name or in connection with
its business if such use of the word "trust" or word or words of similar meaning
in any foreign language is likely to give the impression that the entity is lawfully organized
and operating as a bank or trust company or would otherwise mislead or confuse the public
regarding the lawful business of the entity. Any violation of this section shall subject
the party chargeable...
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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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-11.06.htm - 6K - Match Info - Similar pages
10A-8A-9.04
Section 10A-8A-9.04 Filings required for conversion; effective date. (a) After a plan
of conversion is approved: (1) if the converting organization is an organization formed under,
or its internal affairs are governed by, the laws of this state, the converting organization
shall file a statement of conversion in accordance with subsection (c), which statement of
conversion must be signed in accordance with Section 10A-8A-2.03 and which must include:
(A) the name, type of organization, and mailing address of the principal office of the converting
organization, and its unique identifying number or other designation as assigned by the Secretary
of State, if any, before conversion; (B) the date of the filing of the certificate of formation
of the converting organization, if any, and all prior amendments and the filing office or
offices, if any, where such is filed; (C) a statement that the converting organization has
been converted into the converted organization; (D) the name and type of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-9.04.htm - 8K - Match Info - Similar pages
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