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37-6-42
contrary to the provisions of Sections 37-14-1 through 37-14-17 or Sections 37-14-30 through
37-14-40. (2) To construct, purchase, take, receive, lease as lessee or otherwise acquire,
and to own, hold, use, equip, maintain, and operate, to sell, assign, transfer, convey, exchange,
lease as lessor, mortgage, pledge or otherwise dispose of or encumber telephone lines, facilities,
or systems, lands, buildings and structures, plants and equipment, and any and all kinds and
classes of real or personal property whatsoever which shall be deemed necessary, convenient,
or appropriate to accomplish the purpose for which the cooperative is organized; provided,
however, that no electric cooperative organized and no corporation converted into an electric
cooperative, under Article 1 of this chapter, shall construct, purchase, take, receive, lease
as lessee, or otherwise acquire or maintain or operate any telephone lines, facilities, plants,
or systems, other than telephone lines, facilities,...
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25-14-3
Section 25-14-3 Definitions. As used in this chapter, the following terms shall have the following
meanings: (1) ADMINISTRATIVE FEE. The fee charged to a client by a professional employer organization
for professional employer services. The term does not include any amount of a fee by the professional
employer organization that is for wages and salaries, benefits, workers' compensation, payroll
taxes, withholding, or other assessments paid by the professional employer organization to
or on behalf of covered employees under the professional employer agreement. (2) CLIENT. A
person or entity that enters into a professional employer agreement with a professional employer
organization, including a worksite employer. (3) CONTROLLING PERSON. Any of the following:
a. An officer or director of a corporation operating as a professional employer organization,
a shareholder holding 25 percent or more of the voting stock of a corporation operating as
a professional employer organization, or a...
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37-7-10
Section 37-7-10 Enumerated powers. A corporation created under the provisions of this chapter
shall have power to do any and all acts or things necessary or convenient for carrying out
the purpose for which it was formed, including, but not limited to the power: To sue and be
sued; to have a seal and alter the same at pleasure; to acquire, hold and dispose of property,
real and personal, tangible and intangible, or interests therein, and to pay therefor
in cash or on credit, and to secure and procure payment of all or any part of the purchase
price thereof on such terms and conditions as the board shall determine; to acquire, own,
operate, maintain and improve a system or systems; to pledge all or any part of its revenues
or mortgage or otherwise encumber all or any part of its property for the purpose of securing
the payment of the principal of and interest on any of its obligations; to construct works
across or along any street or public highway or over any lands which are now or may...
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11-50-524
grant to a power or powers of the same class or classes as those enumerated: (1) To have succession
by its corporate name perpetually unless dissolved and unless a shorter period of time shall
be specified in the certificate; (2) To sue and be sued and to prosecute and defend; (3) To
have and to use a corporate seal and to alter the same at will; (4) To acquire by purchase
or lease and to operate, maintain, extend, and improve any utility within the power district,
including any real and personal properties and any contract and franchise rights in
connection therewith, provided that it shall not do any such acts in any territory served
by an existing utility without the consent of such existing utility; (5) To acquire by purchase
the entire stock of any private corporation owning and operating a utility within the power
district, but only as a step in the acquisition of title to such utility, and any such private
corporation shall be dissolved immediately upon acquisition of such...
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40-14B-1
Section 40-14B-1 Definitions. As used in this chapter, the following terms shall have the following
meanings: (1) AFFILIATE. An affiliate of another person shall include any of the following:
a. A person who directly or indirectly either: 1. Beneficially owns 15 percent or more of
the outstanding voting securities or other voting ownership interests of the other person,
whether through rights, options, convertible interests, or otherwise; or 2. Controls or holds
power to vote 15 percent or more of the outstanding voting securities or other voting ownership
interests of the other person. b. A person owning 15 percent or more of the outstanding voting
securities or other voting ownership interests of which are directly or indirectly either:
1. Beneficially owned by the other person, whether through rights, options, convertible interests,
or otherwise; or 2. Controlled or held with power to vote by the other person. c. A partnership
or limited liability company in which the other person...
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19-3B-816
Section 19-3B-816 Specific powers of trustee. (a) Without limiting the authority conferred
by Section 19-3B-815, a trustee may: (1) collect trust property and accept or reject additions
to the trust property from a settlor or any other person, including, but not being limited
to, the authority to receive, collect, hold, and retain common or preferred stock or other
interests in the trustee or any related party; (2) acquire or sell property, for cash or on
credit, at public or private sale; (3) exchange, partition, or otherwise change the character
of trust property; (4) deposit trust money in an account in a regulated financial-service
institution; (5) borrow money, with or without security, and mortgage or pledge trust property
for a period within or extending beyond the duration of the trust; (6) with respect to an
interest in a proprietorship, partnership, limited liability company, business trust, corporation,
or other form of business or enterprise, continue the business or other...
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26-1A-212
Section 26-1A-212 Claims and litigation. Unless the power of attorney otherwise provides, language
in a power of attorney granting general authority with respect to claims and litigation authorizes
the agent to: (1) assert and maintain before a court or administrative agency a claim, claim
for relief, cause of action, counterclaim, offset, recoupment, or defense, including an action
to recover property or other thing of value, recover damages sustained by the principal, eliminate
or modify tax liability, or seek an injunction, specific performance, or other relief; (2)
bring an action to determine adverse claims or intervene or otherwise participate in litigation;
(3) seek an attachment, garnishment, order of arrest, or other preliminary, provisional, or
intermediate relief and use an available procedure to effect or satisfy a judgment, order,
or decree; (4) make or accept a tender, offer of judgment, or admission of facts, submit a
controversy on an agreed statement of facts, consent...
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35-8A-103
interest in, over, or under land, including structures, fixtures, and other improvements and
interests which by custom, usage, or law pass with a conveyance of land though not described
in the contract of sale or instrument of conveyance. "Real estate" includes parcels
with or without upper or lower boundaries, and spaces that may be filled with air or water.
(22) RESIDENTIAL PURPOSES. Use for dwelling or recreational purposes, or both. (23) SECURITY
INTEREST. An interest in real estate or personal property created by contract or conveyance,
which secures payment or performance of an obligation. The term includes a lien created by
a mortgage, vendor's lien, deed of trust, contract for deed, land sales contract, lease intended
as security, assignment of lease, rents intended as security, or any similar security device,
pledge of an ownership interest in an association, and any other consensual lien or title
retention contract intended as security for an obligation. (24) SPECIAL...
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39-7-13
to do all acts necessary, proper or convenient in the exercise of the powers granted under
this chapter. (b) In addition to all other powers, the authority shall have and may exercise
the power to sell, transfer and convey to any public corporation having authority to carry
on the business of a water distribution system, including those organized under Division 1,
Article 6, Chapter 50, Subtitle 2 of Title 11, its entire water system, including all of its
property and assets, real, personal and mixed, for such consideration and upon such
terms and conditions as may be agreed upon by and between the authority and such purchaser;
provided, that the consideration therefor shall include and require, among others, the assumption
by such purchaser of the outstanding and unpaid bonded indebtedness, if any, of the authority
and shall include an agreement by such purchaser to supply water to the authority's then existing
water customers under the purchaser's rules and regulations...
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11-47-218
own name in civil actions and to defend actions against it. (3) To adopt and make use of a
corporate seal and to alter the same at pleasure. (4) To adopt, alter, and repeal bylaws,
regulations, and rules, not inconsistent with this article or its certificate of incorporation,
for the regulation and conduct of the affairs and business of the authority. (5) To acquire,
receive, take, and hold, whether by purchase, gift, lease, devise or otherwise, property of
every description, whether real, personal or mixed, and to manage the property and
to develop any undeveloped property owned, leased, or controlled by it. (6) To borrow money
and to sell and issue bonds for any corporate use or purposes. (7) To acquire, whether by
gift, purchase, transfer, foreclosure, lease, or otherwise, to construct and to expand, improve,
operate, maintain, equip, and furnish one or more projects, including all real and personal
properties that its board may deem necessary in connection therewith. (8) To lease...
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