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11-91A-6
Section 11-91A-6 Property rights and contractual obligations of board; costs of software and
property; assignment of contracts. (a) Except as otherwise provided in this chapter, the SEIB
shall provide for the administration of the program as provided in Chapter 29 of Title 36,
until the transfer of the governance and administration of the program takes place as provided
herein. Effective at 12:01 a.m. on January 1, 2015, all property rights and contractual obligations
of the SEIB related to the administration and governance of the program shall be transferred
to the board. The SEIB and its employees shall fully cooperate with the board in the transfer
of the governance and administration of the program both prior to and after January 1, 2015,
including, but not limited to, providing the board with all the software necessary to properly
administer the program beginning on January 1, 2015. Additionally, in order to affect an orderly
transfer, the administrator of the SEIB shall serve as...
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40-15B-6
Section 40-15B-6 Insulated property: advancement of tax. (a) In this section: (1) "Advanced
fraction" means a fraction that has as its numerator the amount of the advanced tax and
as its denominator the value of the interests in insulated property to which that tax is attributable.
(2) "Advanced tax" means the aggregate amount of estate tax attributable to interests
in insulated property which is required to be advanced by uninsulated holders under subsection
(c). (3) "Insulated property" means property subject to a time-limited interest
which is included in the apportionable estate but is unavailable for payment of an estate
tax because of impossibility or impracticability. (4) "Uninsulated holder" means
a person who has an interest in uninsulated property. (5) "Uninsulated property"
means property included in the apportionable estate other than insulated property. (b) If
an estate tax is to be advanced pursuant to subsection (c) by persons holding interests in
uninsulated property...
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10A-2-14.34
Section 10A-2-14.34 Election to purchase in lieu of dissolution. REPEALED IN THE 2019 REGULAR
SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) In a proceeding under Section 10A-2-14.30(2) to dissolve a corporation that has no shares
listed on a national securities exchange or regularly traded in a market maintained by one
or more members of a national or affiliated securities association, the corporation may elect
or, if it fails to elect, one or more shareholders may elect to purchase all shares owned
by the petitioning shareholder at the fair value of the shares. An election pursuant to this
section shall be irrevocable unless the court determines that it is equitable to set aside
or modify the election. (b) An election to purchase pursuant to this section may be filed
with the court at any time within 90 days after the filing of the petition under Section 10A-2-14.30(2)
or at a later time as the court in its discretion may allow. If...
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10A-2A-14.14
Section 10A-2A-14.14 Election to purchase in lieu of dissolution. (a) In a proceeding under
Section 10A-2A-14.10(a)(2) to dissolve a corporation, the corporation may elect or, if it
fails to elect, one or more stockholders may elect to purchase all stock owned by the petitioning
stockholder at the fair value of the stock. An election pursuant to this section shall be
irrevocable unless the court determines that it is equitable to set aside or modify the election.
(b) An election to purchase pursuant to this section may be filed with the court at any time
within 90 days after the filing of the petition under Section 10A-2A-14.10(a)(2) or at a later
time as the court in its discretion may allow. If the election to purchase is filed by one
or more stockholders, the corporation shall, within 10 days thereafter, give written notice
to all stockholders, other than the petitioner. The notice must state the name and number
of shares of stock owned by the petitioner and the name and number of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-14.14.htm - 5K - Match Info - Similar pages
37-11C-4
Section 37-11C-4 Allowance and claim of tax credits; Railroad Rehabilitation Income Tax Credit
Account; written transfer agreements. (a) For tax years beginning after December 31, 2019,
there is a credit allowed against the state income tax levied by Section 40-18-2 equal to
50 percent of an eligible taxpayer's qualified railroad rehabilitation expenditures. The tax
credit allowed under this section may not exceed three thousand five hundred dollars ($3,500)
multiplied by the number of miles of railroad track owned or leased within the state by the
eligible taxpayer at the close of the taxable year. (b) There is created within the Education
Trust Fund a separate account named the Railroad Rehabilitation Income Tax Credit Account.
The Commissioner of Revenue shall certify to the state Comptroller the amount of income tax
credits under this section and the state Comptroller shall transfer into the Railroad Rehabilitation
Income Tax Credit Account only the amount from sales tax revenues...
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6-6-26.01
Section 6-6-26.01 Definitions. In this division: (1) "Collaborative law communication"
means a statement, whether oral or in a record, or verbal or nonverbal, that: (A) is made
to conduct, participate in, continue, or reconvene a collaborative law process; and (B) occurs
after the parties sign a collaborative law participation agreement and before the collaborative
law process is concluded. (2) "Collaborative law participation agreement" means
an agreement by persons to participate in a collaborative law process. (3) "Collaborative
law process" means a procedure intended to resolve a collaborative matter without intervention
by a tribunal in which persons: (A) sign a collaborative law participation agreement; and
(B) are represented by collaborative lawyers. (4) "Collaborative lawyer" means a
lawyer who represents a party in a collaborative law process. (5) "Collaborative matter"
means a dispute, transaction, claim, problem, or issue for resolution, including a dispute,
claim, or issue...
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10A-2-6.40
Section 10A-2-6.40 Distributions to shareholders. REPEALED IN THE 2019 REGULAR SESSION BY ACT
2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) A board
of directors may authorize and the corporation may make distributions subject to restriction
by the articles of incorporation and the limitation in subsection (c). (b) If the board of
directors does not fix the record date for determining shareholders entitled to a distribution
other than one involving a repurchase or reacquisition of shares, it is the date the board
of directors authorizes the distribution. (c) No distribution may be made if, after giving
it effect: (1) The corporation would not be able to pay its debts as they become due in the
usual course of business; or (2) The corporation's total assets would be less than the sum
of its total liabilities plus, unless the articles of incorporation permit otherwise, the
amount that would be needed, if the corporation were to be dissolved at the time...
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10A-2A-6.40
Section 10A-2A-6.40 Distributions to stockholders. (a) The board of directors may authorize
and the corporation may make distributions to its stockholders subject to restriction by the
certificate of incorporation and the limitation in subsection (c). (b) The board of directors
may fix the record date for determining stockholders entitled to a distribution, which date
may not be retroactive. If the board of directors does not fix a record date for determining
stockholders entitled to a distribution (other than one involving a purchase, redemption,
or other acquisition of the corporation's stock), the record date is the date the board of
directors authorizes the distribution. (c) No distribution may be made if, after giving it
effect: (1) the corporation would not be able to pay its debts as they become due in the usual
course of business; or (2) the corporation's total assets would be less than the sum of its
total liabilities plus (unless the certificate of incorporation permits...
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12-24-3
Section 12-24-3 Recusal of a justice or judge due to campaign contribution; rebuttable presumption;
appeal. (a) In any civil action, on motion of a party or on its own motion, a justice or judge
shall recuse himself or herself from hearing a case if, as a result of a substantial campaign
contribution or electioneering communication made to or on behalf of the justice or judge
in the immediately preceding election by a party who has a case pending before that justice
or judge, either of the following circumstances exist: (1) A reasonable person would perceive
that the justice or judge's ability to carry out his or her judicial responsibilities with
impartiality is impaired. (2) There is a serious, objective probability of actual bias by
the justice or judge due to his or her acceptance of the campaign contribution. (b) A rebuttable
presumption arises that a justice or judge shall recuse himself or herself if a campaign contribution
made directly by a party to the judge or justice...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-24-3.htm - 2K - Match Info - Similar pages
20-2-190.2
Section 20-2-190.2 Electronic drug offender tracking system. (a) For the purposes of this section,
the following words shall have the following meanings: (1) DRUG RELATED CONVICTION. Any conviction
or plea of nolo contendere for the offense of possession, distribution, trafficking, or any
degree of manufacture of controlled substances, or drug paraphernalia. A drug related conviction
shall also include the inchoate crimes of attempt, solicitation, or conspiracy of any of the
drug related crimes. (2) DRUG OFFENDER. Any person who has any conviction listed in subdivision
(1). (b) Effective January 1, 2013, the State Bureau of Investigations shall implement a real-time
electronic drug offender tracking system to catalogue all criminal convictions in this state
of persons convicted of felonies or misdemeanors involving the possession, distribution, manufacture,
or trafficking of controlled substances. This catalogue shall include, but not be limited
to, paraphernalia convictions,...
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