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16-44B-1
Commission may deem appropriate. The executive director shall serve as secretary to the Interstate
Commission, but shall not be a Member of the Interstate Commission. The executive director
shall hire and supervise such other persons as may be authorized by the Interstate Commission.
D. The Interstate Commission's executive director and its employees shall be immune from suit
and liability, either personally or in their official capacity, for a claim for damage to
or loss of property or personal injury or other civil liability caused or arising
out of or relating to an actual or alleged act, error, or omission that occurred, or that
such person had a reasonable basis for believing occurred, within the scope of Interstate
Commission employment, duties, or responsibilities; provided, that such person shall not be
protected from suit or liability for damage, loss, injury, or liability caused by the
intentional or willful and wanton misconduct of such person. 1. The liability of...
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37-11A-1
by the Governor, or upon its otherwise becoming a law, and when the State of Mississippi ratifies
the compact. Article III. For purposes of this compact, the following terms shall have the
following meanings: (1) Person means an individual, a corporation, a partnership, or any other
entity. (2) Railroad means a common carrier by railroad as defined in Section 1(3) of Part
I of the Interstate Commerce Act [codified as 49 U.S.C. §1(3)]. (3) Railroad properties and
facilities mean any real or personal property or interest in property which is owned,
leased, or otherwise controlled by a railroad or other person, including, without limitation,
the authority, and which are used or are useful in rail transportation service, including,
without limiting the generality of the foregoing: a. Track, roadbed, and related structures,
including rail, ties, ballast, other track materials, grading, tunnels, bridges, trestles,
culverts, elevated structures, stations, office buildings used for operating...
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10A-8A-9.07
Section 10A-8A-9.07 Action on plan of merger by constituent partnership. (a) Subject to Section
10A-8A-9.10, a plan of merger must be consented to by all the partners of a constituent partnership.
(b) Subject to Section 10A-8A-9.10 and any contractual rights, after a merger is approved,
and at any time before a filing is made under Section 10A-8A-9.08, a constituent partnership
may amend the plan or abandon the merger: (1) as provided in the plan; and (2) except as prohibited
by the plan, with the same consent as was required to approve the plan. (Act 2018-125, §7.)...
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10A-9A-10.07
Section 10A-9A-10.07 Action on plan of merger by constituent limited partnership. (a) Subject
to Section 10A-9A-10.10, a plan of merger must be consented to by all the partners of a constituent
limited partnership. (b) Subject to Section 10A-9A-10.10 and any contractual rights, after
a merger is approved, and at any time before a filing is made under Section 10A-9A-10.08,
a constituent limited partnership may amend the plan or abandon the merger: (1) as provided
in the plan; and (2) except as prohibited by the plan, with the same consent as was required
to approve the plan. (Act 2016-379, §1.)...
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10A-5A-10.09
Section 10A-5A-10.09 Restrictions on approval of mergers and conversions. (a) If a member of
a converting or constituent limited liability company will have personal liability
with respect to a converted or surviving organization, approval and amendment of a plan of
conversion or plan of merger are ineffective without that member's consent to the plan. (b)
A member does not give the consent required by subsection (a) merely by consenting to a provision
of the limited liability company agreement that permits the limited liability company agreement
to be amended with the consent of fewer than all the members. (Act 2014-144, p. 265, §1.)...
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37-6-15
the separate existence of all cooperatives, parties to the consolidation or merger, except
the new or surviving cooperative, shall cease. Such new or surviving cooperative shall have
all the rights, privileges, immunities and powers and shall be subject to all the duties and
liabilities of a cooperative organized under the provisions of this chapter, and shall possess
all the rights, privileges, immunities and franchises as well of a public as of a private
nature, and all property, real and personal, applications for membership, all debts
due on whatever account, and all other choses in action of each of the consolidating or merging
cooperatives, and, furthermore, all and every interest of, or belonging or due to each of
the cooperatives so consolidated or merged shall be taken and deemed to be transferred to
and vested in such new or surviving cooperative without further act or deed; and the title
to any real estate, or any interest therein, under the laws of this state vested in any...
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10A-8A-7.03
Section 10A-8A-7.03 Liability of person dissociated as a partner to other persons. (a) A person's
dissociation as a partner does not of itself discharge that person's liability for a partnership
obligation incurred before dissociation. A person dissociated as a partner is not liable for
a partnership obligation incurred after dissociation, except as provided in subsection (b).
(b) A person that dissociates as a partner without resulting in a dissolution and winding
up of the partnership business or not for profit activity is liable as a partner to the other
party in a transaction entered into by the partnership, or a surviving partnership or other
surviving entity under Article 9 of this chapter or Article 8 of Chapter 1, within one year
after the partner's dissociation, only if the partner is liable for the obligation under Section
10A-8A-3.06 and at the time of entering into the transaction the other party: (1) reasonably
believed that the person dissociated as a partner was then a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-7.03.htm - 2K - Match Info - Similar pages
10A-2-11.06
JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) When a merger takes effect:
(1) Every other corporation party to the merger merges into the surviving corporation and
the separate existence of every corporation except the surviving corporation ceases; (2) The
surviving corporation thereupon and thereafter possesses all the rights, immunities, and franchises,
of a public as well as of a private nature, of every corporation party to the merger; and
all property, real, personal and mixed, and all debts due each of the corporations
so merged, are taken and deemed to be transferred and vested in the surviving corporation
without further act or deed; and title to any real estate, or an interest therein, vested
in any of the corporations shall not revert nor in any way be impaired by reason of the merger;
(3) The surviving corporation shall be responsible and liable for all the liabilities and
obligations of each corporation party to the merger; and neither the rights...
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10A-3-5.05
(3) The surviving or new nonprofit corporation shall have all the rights, privileges, immunities,
and powers and shall be subject to all the duties and liabilities of a nonprofit corporation
organized under this title. (4) The surviving or new nonprofit corporation shall thereupon
and thereafter possess all the rights, privileges, immunities, and franchises of a public
as well as of a private nature, of each of the merging or consolidating nonprofit corporations;
and all property, real, personal and mixed, and all debts due on whatever account,
and all other choses in action, and all and every other interest, of or belonging to or due
to each of the nonprofit corporations so merged or consolidated, shall be taken and deemed
to be transferred to and vested in the single nonprofit corporation without further act or
deed; and the title to any real estate, or any interest therein, vested in any nonprofit corporations
shall not revert or be in any way impaired by reason of the merger or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-3-5.05.htm - 3K - Match Info - Similar pages
10A-2A-13.01
Section 10A-2A-13.01 Definitions. Notwithstanding Chapter 1, in this Article 13: (1) "Affiliate"
means a person that directly or indirectly through one or more intermediaries controls, is
controlled by, or is under common control with another person or is a senior executive of
that person. For purposes of Section 10A-2A-13.02(b)(4), a person is deemed to be an affiliate
of its senior executives. (2) "Corporation" means the corporation that is the issuer
of the stock held by a stockholder demanding appraisal and, for matters covered in Section
10A-2A-13.22 through Section 10A-2A-13.31, includes the surviving organization of a merger.
(3) "Fair value" means the value of the corporation's stock determined: (i) immediately
before the effectiveness of the corporate action to which the stockholder objects; (ii) using
customary and current valuation concepts and techniques generally employed for similar businesses
in the context of the transaction requiring appraisal; and (iii) without...
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