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10A-8A-1.05
Section 10A-8A-1.05 Powers; indemnification. (a) A partnership shall possess and may exercise
all the powers and privileges granted and enumerated by Chapter 1 or by any other law or by
its partnership agreement, together with any powers incidental thereto, including those powers
and privileges necessary or convenient to the conduct, promotion, or attainment of the business
or not for profit activity of the partnership and including the power to sue, be sued, and
defend in its own name and to maintain an action against a partner for harm caused to the
partnership by a breach of the partnership agreement or violation of a duty to the partnership.
(b) A partnership may indemnify and hold harmless a partner or other person, pay in advance
or reimburse expenses incurred by a partner or other person, and purchase and maintain insurance
on behalf of a partner or other person. (Act 2018-125, §7.)...
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10A-8A-1.04
Section 10A-8A-1.04 Nature and purpose. (a) A partnership is a separate legal entity. A partnership's
status for tax purposes shall not affect its status as a separate legal entity formed under
this chapter. A partnership is the same entity regardless of whether the partnership has a
statement of limited liability partnership under Section 10A-8A-10.01 stating that the partnership
is a limited liability partnership. A partner has no interest in any specific property of
a partnership. (b) A partnership may carry on any lawful business and may carry on any lawful
not for profit activity if it complies with Section 10A-8A-2.02(b). (Act 2018-125, §7.)...
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10A-8A-1.03
Section 10A-8A-1.03 Knowledge and notice. (a) A person knows a fact when the person: (1) has
actual knowledge of it; or (2) is deemed to know it under law other than this chapter. (b)
A person has notice of a fact when the person: (1) knows of it; (2) receives notice of it;
(3) has reason to know the fact from all of the facts known to the person at the time in question;
or (4) is deemed to have notice of the fact under subsection (d). (c) A person notifies or
gives notice to another person by taking steps reasonably required to inform the other person
in ordinary course, whether or not the other person knows the fact. (d) A person is deemed
to have notice of a partnership's: (1) statement of partnership, 90 days after a statement
of partnership under Section 10A-8A-2.02 becomes effective; (2) statement of not for profit
partnership, 90 days after a statement of not for profit partnership under Section 10A-8A-2.02
becomes effective; (3) statement of authority, with respect to: (i)...
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10A-8A-1.11
Section 10A-8A-1.11 Required information. A partnership shall maintain the following information:
(1) A current list of the full name and last known street and mailing address of each partner,
in alphabetical order. (2) Copies of any filed statement. (3) Copies of the partnership's
federal, state, and local income tax returns and reports, if any, for the three most recent
years. (4) Copies of the then effective partnership agreement and any amendment thereto, in
each case to the extent made in a writing. (5) Copies of any financial statement of the partnership
for the three most recent years. (6) Unless contained in a partnership agreement made in a
writing, a writing stating: (A) the amount of cash, and a description and statement of the
agreed value of the other benefits, contributed and agreed to be contributed by each partner;
(B) the times at which, or events on the happening of which, any additional contributions
agreed to be made by each partner are to be made; and (C) any...
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10A-9A-1.04
Section 10A-9A-1.04 Nature and purpose. (a) A limited partnership is a separate legal entity.
A limited partnership's status for tax purposes shall not affect its status as a separate
legal entity formed under this chapter. A limited partnership is the same entity regardless
of whether its certificate of formation states that the limited partnership is a limited liability
limited partnership. A partner has no interest in any specific property of a limited partnership.
(b) A limited partnership may carry on any lawful activity, whether or not for profit, except
a banking or insurance business. (Act 2016-379, §1.)...
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36-25-18
Section 36-25-18 Registration of lobbyists required; filing of supplemental registration. (a)
Every lobbyist shall register by filing a form prescribed by the commission no later than
January 31 of each year or within 10 days after the first undertaking requiring such registration.
Each lobbyist, except public employees who are lobbyists, shall pay an annual fee of one hundred
dollars ($100) on or before January 31 of each year or within 10 days of the first undertaking
requiring such registration. (b) The registration shall be in writing and shall contain the
following information: (1) The registrant's full name and business address. (2) The registrant's
normal business and address. (3) The full name and address of the registrant's principal or
principals. (4) The listing of the categories of subject matters on which the registrant is
to communicate directly with a member of the legislative body to influence legislation or
legislative action. (5) If a registrant's activity is done on...
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10A-8A-1.08
Section 10A-8A-1.08 Effect of partnership agreement; nonwaivable provisions. (a) Except as
otherwise provided in subsections (b) and (c): (1) the partnership agreement governs relations
among the partners as partners and between the partners and the partnership; and (2) to the
extent the partnership agreement does not otherwise provide for a matter described in subsection
(a)(1), this chapter governs the matter. (b)(1) To the extent that, at law or in equity, a
partner or other person has duties, including fiduciary duties, to a partnership or to another
partner or to another person that is a party to or is otherwise bound by a partnership agreement,
the partner's or other person's duties may be expanded or restricted or eliminated by provisions
in a written partnership agreement, but the implied contractual covenant of good faith and
fair dealing may not be eliminated. (2) A written partnership agreement may provide for the
limitation or elimination of any and all liabilities for...
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10A-8A-4.09
Section 10A-8A-4.09 Limitations of distribution and liability for improper distributions. (a)
A limited liability partnership shall not make a distribution to a partner to the extent that
at the time of the distribution, after giving effect to the distribution, all liabilities
of the limited liability partnership, other than liabilities to partners on account of their
transferable interests and liabilities for which the recourse of creditors is limited to specific
property of the limited liability partnership, exceed the fair value of the assets of the
limited liability partnership, except that the fair value of the property that is subject
to a liability for which recourse of creditors is limited shall be included in the assets
of the limited liability partnership only to the extent that the fair value of the property
exceeds that liability. (b) A partner who consents to a distribution in violation of subsection
(a) or the partnership agreement, and who knew at the time of the...
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34-14A-2
Section 34-14A-2 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ADVISORY COUNCIL.
The Alabama Construction Trade Advisory Council. (2) BOARD. The Home Builders Licensure Board.
(3) COST OF THE UNDERTAKING. The total cost of the materials, labor, supervision, overhead,
and profit. (4) HOMEOWNER. A person who owns and resides in or intends to reside in a structure
constructed or remodeled by a licensee of the board, or who contracts with a licensee for
the purchase, construction, repair, improvement, or reimprovement of a structure to be used
as a residence. (5) IMPROVEMENT. Any site-built addition or enhancement attached to or detached
from a residence or structure for use and enjoyment by the homeowner. (6) INACTIVE LICENSE.
A license issued at the request of a licensee, or a building official or a building inspector,
that is renewable, but that is not currently valid. (7)...
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34-41-8
Section 34-41-8 Acts not prohibited. (a) This chapter does not prohibit one or more geologists
from practicing through the business organizations of a sole proprietorship, partnership,
corporation, or professional association. In a partnership, corporation, or professional association,
in which the primary activity consists of geological services affecting the public welfare
and which require licensing pursuant to this chapter, at least one partner or officer shall
be a licensed geologist. (b) This chapter shall not be construed to prevent or to affect:
(1) The practice of any profession or trade for which a license is required under any other
law of this state, including, but not limited to, the practice of registered professional
engineers from lawfully practicing soil mechanics, foundations engineering, and other professional
engineering, licensed architects or landscape architects from lawfully practicing architecture
or landscape architecture, licensed land surveyors from lawfully...
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