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10A-8A-5.04
Section 10A-8A-5.04 Power of personal representative of deceased partner. If a partner
dies, the deceased partner's personal representative or other legal representative
may: (a) for the period of time that the deceased partner's personal representative
or other legal representative holds the deceased partner's transferable interest: (1) exercise
the rights of a holder of transferable interests under this chapter; (2) exercise the rights
of a transferee under Section 10A-8A-5.02; and (3) for purposes of settling the estate, exercise
the rights of a current partner under Section 10A-8A-4.10; and (b) for the period of time
that the deceased partner's personal representative or other legal representative does
not hold the deceased partner's transferable interest, for purposes of settling the estate,
exercise the rights of a person dissociated as a partner under Section 10A-8A-4.10. (Act 2018-125,
§7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-5.04.htm - 1K - Match Info - Similar pages
10A-9A-7.04
Section 10A-9A-7.04 Power of personal representative of deceased partner. If a partner
dies, the deceased partner's personal representative or other legal representative
may: (a) for the period of time that the deceased partner's personal representative
or other legal representative holds the deceased partner's transferable interest: (1) exercise
the rights of a holder of transferable interests under this chapter; (2) exercise the rights
of a transferee under Section 10A-9A-7.02; and (3) for purposes of settling the estate, exercise
the rights of a current limited partner under Section 10A-9A-3.04; and (b) for the period
of time that the deceased partner's personal representative or other legal representative
does not hold the deceased partner's transferable interest, for purposes of settling the estate,
exercise the rights of a person dissociated as a limited partner under Section 10A-9A-3.04.
(Act 2016-379, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-9A-7.04.htm - 1K - Match Info - Similar pages
10A-5A-5.04
Section 10A-5A-5.04 Power of personal representative of deceased member. If a member
dies, the deceased member's personal representative or other legal representative may:
(a) for the period of time that the deceased member's personal representative or other
legal representative holds the deceased member's transferable interest: (1) exercise the rights
of a holder of transferable interests under this chapter; (2) exercise the rights of a transferee
under Section 10A-5A-5.02; and (3) for purposes of settling the estate, exercise the rights
of a current member under Section 10A-5A-4.09; and (b) for the period of time that the deceased
member's personal representative or other legal representative does not hold the deceased
member's transferable interest, for purposes of settling the estate, exercise the rights of
a dissociated member under Section 10A-9A-4.09. (Act 2014-144, p. 265, §1; Act 2016-379,
§4.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-5A-5.04.htm - 1K - Match Info - Similar pages
10A-5-6.04
Section 10A-5-6.04 Death or incompetency of member. REPEALED IN THE 2014 REGULAR SESSION BY
ACT 2014-144 EFFECTIVE JANUARY 1, 2017. (a) Except as otherwise provided in the governing
documents: (1) If a member who is an individual dies or if a court of competent jurisdiction
adjudges a member to be incompetent to manage the member's person or property, the member's
personal representative, conservator, legal representative, heirs, or legatees may
exercise all the member's financial rights for the purpose of settling the member's estate
or administering the member's property, including any power the member had to transfer the
membership interest. (2) If a member is a corporation, limited liability company, trust, general
partnership, limited partnership, registered limited liability partnership, custodianship,
or other entity and is dissolved or terminated, the financial rights of that member may be
exercised by the legal representative or successor of that member. (b) The personal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-5-6.04.htm - 2K - Match Info - Similar pages
10A-8A-4.10
Section 10A-8A-4.10 Right of partner and former partner to information. Notwithstanding Sections
10A-1-3.32 and 10A-1-3.33: (a) Subject to subsection (f), a partner, without having any particular
purpose for seeking the information, may inspect and copy during regular hours at a reasonable
location specified by the partnership, required information and any other records maintained
by the partnership regarding the partnership's business or not for profit activity and financial
condition. (b) Subject to subsection (f), each partner and the partnership shall furnish to
a partner: (1) without demand, any information concerning the partnership's business or not
for profit activity reasonably required for the proper exercise of the partner's rights and
duties under the partnership agreement or this chapter; and (2) on demand, any other information
concerning the partnership's business or not for profit activity, except to the extent the
demand or the information demanded is unreasonable or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-4.10.htm - 5K - 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
37-6-3
pledge, or otherwise dispose of or encumber electric transmission and distribution lines or
systems, electric generating plants, electric refrigeration plants, water lines, sanitary
sewer lines, water systems, and sanitary sewer systems, television reception equipment through
the use of television program decryption equipment and subscriber owned, leased, or rented
satellite dishes, lands, buildings, structures, dams, 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 was organized
or in which it subsequently lawfully engages. Electric generating plants, transmission, and
distribution lines or systems as referred to in this section shall include any arrangement
or agreement for the purchase, exchange, or transmission of electric power, capacity or energy,
whether sole or as joint owner of all or any part in common with one...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-6-3.htm - 19K - Match Info - Similar pages
8-20-4
carriers. q. To offer any refunds or other types of inducements to any person for the purchase
of new motor vehicles of a certain line make to be sold to the state or any political subdivision
thereof without making the same offer to all other new motor vehicle dealers in the same line
make within the state. r. To release to any outside party, except under subpoena, or as otherwise
required by law or in an administrative, judicial, or arbitration proceeding, any business,
financial, or personal information which may be from time to time provided by the dealer
to the manufacturer, without the express written consent of the dealer. s. To own an interest
in a new motor vehicle dealership, to operate or control a dealership, to make direct sales
or leases of new motor vehicles to the public in Alabama, or to own, operate, or control a
facility for performance of motor vehicle warranty or repair service work, except as follows:
1. The manufacturer or distributor is owning or operating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-20-4.htm - 34K - Match Info - Similar pages
10A-8A-10.03
of the transferable interest is not fixed by the partnership agreement, the limited liability
partnership, within six months after the death or 30 days after the disqualification or transfer,
as the case may be, shall make a written offer to pay to the holder of the transferable interest
a specified price deemed by the limited liability partnership to be the fair value of the
transferable interest as of the date of the death, disqualification, or transfer. The offer
shall be given to the personal representative of the estate of the deceased partner,
the disqualified person, or the transferee, as the case may be, and shall be accompanied by
a balance sheet of the limited liability partnership, as of the latest available date and
not more than 12 months prior to the making of the offer, and a profit and loss statement
of the limited liability partnership for the 12-month period ended on the date of the balance
sheet. (c) If within 30 days after the date of the written offer from the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-10.03.htm - 7K - Match Info - Similar pages
40-2B-2
as it deems best adapted for public convenience. Such publications shall be made permanently
available and constitute the official reports of the Alabama Tax Tribunal. (p) Service of
Process. (1) Mailing by first class or certified or registered mail, postage prepaid, to the
address of the taxpayer given on the taxpayer's notice of appeal, or to the address of the
taxpayer's representative of record, if any, or to the usual place of business of the Department
of Revenue, shall constitute personal service on the other party. The Alabama Tax Tribunal,
by rule, may prescribe that notice by other means shall constitute personal service
and, in a particular case, may order that notice be given to additional persons or by other
means. (2) Mailing by registered or certified mail and delivery by a private delivery service
approved by the Internal Revenue Service in accordance with Section 7502(f) of the Internal
Revenue Code of 1986, as amended, shall be deemed to have occurred,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-2B-2.htm - 39K - Match Info - Similar pages
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