10A-8A-1.07
Section 10A-8A-1.07 Supplemental principles of law; rate of interest. (a) It is the policy
of this chapter and this state to give maximum effect to the principles of freedom of contract
and to the enforceability of partnership agreements. (b) Unless displaced by particular provisions
of this chapter, the principles of law and equity supplement this chapter. (c) If an obligation
to pay interest arises under this chapter and the rate is not specified, the rate is the applicable
federal rate as determined from time to time by the United States Treasury pursuant to 26
U.S.C. §1274(d) or any successor law. (d) The rule that statutes in derogation of the common
law are to be strictly construed shall have no application to this chapter. (e) The use of
any gender shall be applicable to all genders. The captions contained in this chapter are
for purposes of convenience only and shall not control or affect the construction of this
chapter. (f) Sections 7-9A-406 and 7-9A-408 of the Uniform...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-1.07.htm - 2K - Match Info - Similar pages

10A-9A-1.07
Section 10A-9A-1.07 Supplemental principles of law; rate of interest. (a) It is the policy
of this chapter and this state to give maximum effect to the principles of freedom of contract
and to the enforceability of partnership agreements. (b) Unless displaced by particular provisions
of this chapter, the principles of law and equity supplement this chapter. (c) If an obligation
to pay interest arises under this chapter and the rate is not specified, the rate is the applicable
federal rate as determined from time to time by the United States Treasury pursuant to 26
U.S.C. §1274(d) or any successor law. (d) The rule that statutes in derogation of the common
law are to be strictly construed shall have no application to this chapter. (e) The use of
any gender shall be applicable to all genders. The captions contained in this chapter are
for purposes of convenience only and shall not control or affect the construction of this
chapter. (f) Sections 7-9A-406 and 7-9A-408 of the Uniform...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-9A-1.07.htm - 2K - Match Info - Similar pages

10-9C-107
Section 10-9C-107 Supplemental principles of law; rate of interest. (a) Unless displaced by
particular provisions of this chapter, the principles of law and equity supplement this chapter.
(b) If an obligation to pay interest arises under this chapter and the rate is not specified,
the rate is that specified in 26 USC § 1274(d) or its successor. (c) The rule that statutes
in derogation of the common law are to be strictly construed shall have no application to
this chapter. (Act 2009-621, p. 1805, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10-9C-107.htm - 841 bytes - Match Info - Similar pages

10A-5A-1.06
Section 10A-5A-1.06 Rules of construction. (a) It is the policy of this chapter and this state
to give maximum effect to the principles of freedom of contract and to the enforceability
of limited liability company agreements. (b) Unless displaced by particular provisions of
this chapter, the principles of law and equity supplement this chapter. (c) The rule that
statutes in derogation of the common law are to be strictly construed shall have no application
to this chapter. (d) The use of any gender shall be applicable to all genders. The captions
contained in this chapter are for purposes of convenience only and shall not control or affect
the construction of this chapter. (e) Sections 7-9A-406 and 7-9A-408 of the Uniform Commercial
Code, and all successor statutes thereto, do not apply to any interest in a limited liability
company, including all rights, powers, and interests arising under a limited liability company
agreement or this chapter. This provision prevails over Sections...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-5A-1.06.htm - 2K - Match Info - Similar pages

10A-1-1.03
limited liability company or association, a member; and (D) with respect to another foreign
or domestic entity, an owner of an equity interest in that entity. (69) OWNERSHIP INTEREST.
An owner's interest in an entity. The term includes the owner's share of profits and losses
or similar items and the right to receive distributions. The term does not include an owner's
right to participate in management or participate in the direction or oversight of the entity.
An ownership interest is personal property. (70) PARENT or PARENT ENTITY. An entity
that: (A) owns at least 50 percent of the ownership or membership interest of a subsidiary;
or (B) possesses at least 50 percent of the voting power of the owners or members of a subsidiary.
(71) PARTNER. A limited partner or general partner. (72) PARTNERSHIP. Includes a general partnership,
a limited liability partnership, a foreign limited liability partnership, a limited partnership,
a foreign limited partnership, a limited liability...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-1.03.htm - 25K - Match Info - Similar pages

22-21-260
Section 22-21-260 Definitions. As used in this article, the following words and terms, and
the plurals thereof, shall have the meanings ascribed to them in this section, unless otherwise
required by their respective context: (1) ACQUISITION. Obtaining the legal equitable title
to a freehold or leasehold estate or otherwise obtaining the substantial benefit of such titles
or estates, whether by purchase, lease, loan or suffrage, gift, devise, legacy, settlement
of a trust or means whatever, and shall include any act of acquisition. The term "acquisition"
shall not mean or include any conveyance, or creation of any lien or security interest by
mortgage, deed of trust, security agreement, or similar financing instrument, nor shall it
mean or include any transfer of title or rights as a result of the foreclosure, or conveyance
or transfer in lieu of the foreclosure, of any such mortgage, deed of trust, security agreement,
or similar financing instrument, nor shall it mean or include any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-260.htm - 11K - Match Info - Similar pages

10A-9A-6.01
but this subsection (6) shall not apply to a person who is the sole remaining limited partner
of the limited partnership; (7) in the case of a person that is a trust or is acting as a
limited partner by virtue of being a trustee of a trust, the trust's entire transferable interest
in the limited partnership is distributed, but not solely by reason of the substitution of
a successor trustee; (8) in the case of a person that is an estate or is acting as a limited
partner by virtue of being a personal representative of an estate, the estate's entire
transferable interest in the limited partnership is distributed, but not solely by reason
of the substitution of a successor personal representative; (9) in the case of a person
that is not an individual, the legal existence of the person otherwise terminates; (10) the
transfer of a limited partner's entire remaining transferable interest to another partner;
(11) the transfer of a limited partner's entire remaining transferable interest to a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-9A-6.01.htm - 4K - Match Info - Similar pages

10A-9A-6.03
appointment of a trustee, receiver, or liquidator of the person or of all or substantially
all of the person's property; (8) in the case of a person that is a trust or is acting as
a general partner by virtue of being a trustee of a trust, the trust's entire transferable
interest in the limited partnership is distributed, but not merely by reason of the substitution
of a successor trustee; (9) in the case of a person that is an estate or is acting as a general
partner by virtue of being a personal representative of an estate, the estate's entire
transferable interest in the limited partnership is distributed, but not merely by reason
of the substitution of a successor personal representative; (10) in the case of a general
partner that is not an individual, the legal existence of the person otherwise terminates;
(11) the transfer of a general partner's entire remaining transferable interest to another
partner; (12) the transfer of a general partner's entire remaining transferable...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-9A-6.03.htm - 4K - Match Info - Similar pages

10A-8A-6.01
or acquiesces to the appointment of a trustee, receiver, or liquidator of the person or of
all or substantially all of the person's property; (8) in the case of a person that is a trust
or is acting as a partner by virtue of being a trustee of a trust, the trust's entire transferable
interest in the partnership is distributed, but not solely by reason of the substitution of
a successor trustee; (9) in the case of a person that is an estate or is acting as a partner
by virtue of being a personal representative of an estate, the estate's entire transferable
interest in the partnership is distributed, but not solely by reason of the substitution of
a successor personal representative; (10) in the case of a person that is not an individual,
the legal existence of the person otherwise terminates; (11) the transfer of a partner's entire
remaining transferable interest to another partner; (12) the transfer of a partner's entire
remaining transferable interest to a transferee upon the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-6.01.htm - 4K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages