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35-12-71
of, or deliver to, or pay to, the owner or apparent owner as applicable, property that is subject
to this article. (6) INSURANCE COMPANY. An association, corporation, or fraternal or mutual
benefit organization, whether or not for profit, engaged in the business of providing life
endowments, annuities, or insurance, including, but not limited to, accidental, burial, casualty,
credit life, contract performance, dental, disability, fidelity, fire, health, hospitalization,
illness, life, malpractice, marine, mortgage, surety, wage protection, and workers'
compensation insurance. (7) MINERAL. Gas; oil; coal; other gaseous, liquid, and solid hydrocarbons;
oil shale; cement material; sand and gravel; road material; building stone; chemical raw material;
gemstone; fissionable and nonfissionable ores; colloidal and other clay; steam and other geothermal
resource; or any other substance defined as a mineral by the law of this state. (8) MINERAL
PROCEEDS. Amounts payable for the extraction,...
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35-4-433
Section 35-4-433 Liability for violations. (a) Any person who records or enters into an agreement
imposing a private transfer fee obligation in his or her favor after May 25, 2011, shall be
liable for: (1) Any and all damages resulting from the imposition of the private transfer
fee obligation on the transfer of an interest in the real property, including, but not limited
to, the amount of any transfer fee paid by a party to the transfer. (2) All attorney fees,
expenses, and costs incurred by a party to the transfer or mortgagee of the real property
to recover any private transfer fee paid or in connection with an action to quiet title. (b)
Where an agent acts on behalf of a principal to record or secure a private transfer fee obligation,
liability shall be assessed to the principal, rather than the agent. (Act 2011-260, p. 474,
ยง1.)...
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40-18-24.2
Section 40-18-24.2 Taxation of pass-through entities. (a) For purposes of this section and
Section 40-18-24.3, the following terms shall have the following meanings: (1) MEMBER. An
individual, estate, trust or business trust as defined in Section 40-18-1, a corporation as
defined in Section 40-18-1, or Subchapter K entity as defined in Section 40-18-1, that is
a partner in a general, limited, limited liability, or limited liability limited partnership,
or a member of a limited liability company. (2) NONRESIDENT. a. An individual who is not a
resident of or domiciled in this state during the applicable tax year. b. A nonresident trust
as defined in Section 40-18-1. c. A nonresident estate as defined in Section 40-18-1. d. A
foreign corporation as defined in Section 40-18-1, not commercially domiciled in this state
during the applicable tax year. e. A Subchapter K entity or business trust that is created
or organized under the laws of a jurisdiction other than this state and that is not...
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10A-2A-9.01
Section 10A-2A-9.01 Definitions. As used in this Article 9: Notwithstanding Section 10A-1-1.03,
as used in this article, unless the context otherwise requires, the following terms have the
following meanings: (1) "Converted organization" means the organization into which
a converting organization converts pursuant to this article. (2) "Converting corporation"
means a converting organization that is a corporation. (3) "Converting organization"
means an organization that converts into another organization pursuant to this article. (4)
"Governing statute" of an organization means the statute that governs the organization's
internal affairs. (5) "Organization" means a general partnership, including a limited
liability partnership; limited partnership, including a limited liability limited partnership;
limited liability company; business trust; corporation; nonprofit corporation; professional
corporation; or any other person having a governing statute. The term includes domestic and
foreign...
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10A-9A-10.01
Section 10A-9A-10.01 Definitions. Notwithstanding Section 10A-1-1.03, as used in this article,
unless the context otherwise requires, the following terms mean: (1) "CONSTITUENT LIMITED
PARTNERSHIP" means a constituent organization that is a limited partnership. (2) "CONSTITUENT
ORGANIZATION" means an organization that is party to a merger under this article. (3)
"CONVERTED ORGANIZATION" means the organization into which a converting organization
converts pursuant to this article. (4) "CONVERTING LIMITED PARTNERSHIP" means a
converting organization that is a limited partnership. (5) "CONVERTING ORGANIZATION"
means an organization that converts into another organization pursuant to this article. (6)
"GENERAL PARTNER" means a general partner of a limited partnership. (7) "GOVERNING
STATUTE" of an organization means the statute that governs the organization's internal
affairs. (8) "ORGANIZATION" means a general partnership, including a limited liability
partnership; limited partnership,...
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10A-8A-9.01
Section 10A-8A-9.01 Definitions. Notwithstanding Section 10A-1-1.03, as used in this article,
unless the context otherwise requires, the following terms mean: (1) "Constituent organization"
means an organization that is party to a merger under this article. (2) "Constituent
partnership" means a constituent organization that is a partnership. (3) "Converted
organization" means the organization into which a converting organization converts pursuant
to this article. (4) "Converting organization" means an organization that converts
into another organization pursuant to this article. (5) "Converting partnership"
means a converting organization that is a partnership. (6) "Governing statute" of
an organization means the statute that governs the organization's internal affairs. (7) "Organization"
means a partnership, including a limited liability partnership; limited partnership, including
a limited liability limited partnership; limited liability company; business trust; corporation;...
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41-16-5
Section 41-16-5 Public contracts with entities engaging in certain boycotting activities. (a)
For the purposes of this section, the following terms shall have the following meanings: (1)
BOYCOTT. To blacklist, divest from, or otherwise refuse to deal with a person or business
entity when the action is based on race, color, religion, gender, or national origin of the
targeted person or entity or is based on the fact that the boycotted person or entity is doing
business in a jurisdiction with which this state can enjoy open trade and with which the targeted
person or entity is doing business. (2) BUSINESS ENTITY. A corporation, partnership, limited
liability company, organization, or other legal entity conducting or operating any trade or
business in Alabama or a corporation, organization, or other legal entity operating in Alabama
that is exempt from taxation under Section 501(C)(3) or (4) of the Internal Revenue Code.
(3) GOVERNMENTAL ENTITY. The state or any political subdivision...
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34-2-37
Section 34-2-37 Practice of architecture by certain entities. (a) It shall be lawful for a
corporation, a professional corporation, a professional association, a partnership, or a limited
liability company (the entity) to practice architecture in this state provided that: (1) A
minimum of two-thirds of those responsible for controlling the activities of the entity, including
officers, partners, directors, members, and others depending on the legal structure of the
entity, are voting stockholders who are architects or professional engineers, or both, registered
under the laws of any United States jurisdiction and at least one is an architect registered
in Alabama. (2) Any agreement to perform such services shall be executed on behalf of the
entity by a stockholding officer, partner, director, or member with authority to contractually
bind the entity, who is an architect registered in the State of Alabama. (3) A stockholding
officer, partner, director, or member who is an architect...
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10A-9A-7.02
Section 10A-9A-7.02 Transfer of partner's transferable interest. (a) A transfer, in whole or
in part, of a partner's transferable interest: (1) is permissible; (2) does not by itself
cause the partner's dissociation; (3) does not by itself cause a dissolution and winding up
of the limited partnership; and (4) subject to Section 10A-9A-7.04, does not entitle the transferee
to: (A) participate in the management or conduct of the limited partnership's activities and
affairs; or (B) except as otherwise provided in subsection (d), have access to required information,
records, or other information concerning the partnership's activities and affairs. (b) A transferee
has the right to receive, in accordance with the transfer, distributions to which the transferor
would otherwise be entitled. (c) A transferable interest may be evidenced by a certificate
of transferable interest issued by the limited partnership. A partnership agreement may provide
for the transfer of the transferable interest...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-9A-7.02.htm - 2K - Match Info - Similar pages
40-15B-2
Section 40-15B-2 Definitions. In this chapter: (1) "Apportionable estate" means the
value of the gross estate as finally determined for purposes of the estate tax to be apportioned
reduced by: (A) any claim or expense allowable as a deduction for purposes of the tax; (B)
the value of any interest in property that, for purposes of the tax, qualifies for a marital
or charitable deduction or otherwise is deductible or is exempt; and (C) any amount added
to the decedent's gross estate because of a gift tax on transfers made before death. (2) "Estate
tax" means a federal, state, or foreign tax imposed because of the death of an individual
and interest and penalties associated with the tax. The term does not include an inheritance
tax, income tax, or generation-skipping transfer tax other than a generation-skipping transfer
tax incurred on a direct skip taking effect at death. (3) "Gross estate" means,
with respect to an estate tax, all interests in property subject to the tax. (4) "Person"...
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