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10A-2-13.26
Section 10A-2-13.26 Failure to take corporate action. REPEALED IN THE 2019 REGULAR SESSION
BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a)
If the corporation does not take the proposed action within 60 days after the date set for
demanding payment, the corporation shall release the transfer restrictions imposed on shares.
(b) If, after releasing transfer restrictions, the corporation takes the proposed action,
it must send a new dissenters' notice under Section 10A-2-13.22 and repeat the payment demand
procedure. (Acts 1994, No. 94-245, p. 343, §1; §10-2B-13.26; amended and renumbered by Act
2009-513, p. 967, §141.)...
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10A-2-14.30
Section 10A-2-14.30 Grounds for judicial dissolution. REPEALED IN THE 2019 REGULAR SESSION
BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. The
circuit court of the county where a corporation's articles of incorporation are filed, or,
in the case of corporations created by an act of the Legislature prior to the adoption of
the Constitution of Alabama of 1901, or which have resulted from a merger or consolidation,
the Circuit Court of Montgomery County, may dissolve the corporation: (1) In a proceeding
by the Attorney General if it is established that: (i) The corporation obtained its articles
of incorporation through fraud; or (ii) The corporation has continued to exceed or abuse the
authority conferred upon it by law; (2) In a proceeding by a shareholder if it is established
that: (i) The directors are deadlocked in the management of the corporate affairs, the shareholders
are unable to break the deadlock, and irreparable injury to the corporation...
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10A-2-6.20
Section 10A-2-6.20 Subscription for shares before incorporation. REPEALED IN THE 2019 REGULAR
SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A subscription for shares entered into before incorporation is irrevocable for six months
unless the subscription agreement provides a longer or shorter period or all the subscribers
agree to revocation. (b) The board of directors may determine the payment terms of subscriptions
for shares that were entered into before incorporation, unless the subscription agreement
specifies them. A call for payment by the board of directors must be uniform so far as practicable
as to all shares of the same class or series, unless the subscription agreement specifies
otherwise. (c) Shares issued pursuant to subscriptions entered into before incorporation are
fully paid and nonassessable when the corporation receives the consideration specified in
the subscription agreement. (d) If a subscriber defaults in...
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10A-2-8.51
Section 10A-2-8.51 Authority to indemnify. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94
EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) Except as provided
in subsection (d), a corporation may indemnify an individual made a party to a proceeding
because he or she is or was a director against liability incurred in the proceeding if: (1)
The individual conducted himself or herself in good faith; and (2) The individual reasonably
believed: (i) In the case of conduct in his or her official capacity with the corporation,
that the conduct was in its best interests; and (ii) In all other cases, that the conduct
was at least not opposed to its best interests; and (3) In the case of any criminal proceeding,
the individual had no reasonable cause to believe his or her conduct was unlawful. (b) A director's
conduct with respect to an employee benefit plan for a purpose he or she reasonably believed
to be in the interests of the participants in and beneficiaries of...
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10A-2-8.55
Section 10A-2-8.55 Determination and authorization of indemnification. REPEALED IN THE 2019
REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE
SUPPLEMENT. (a) A corporation may not indemnify a director under Section 10A-2-8.51 unless
authorized in the specific case after a determination has been made that indemnification of
the director is permissible in the circumstances because the director has met the standard
of conduct set forth in Section 10A-2-8.51. (b) The determination shall be made: (1) By the
board of directors by majority vote of a quorum consisting of directors not at the time parties
to the proceeding; (2) If a quorum cannot be obtained under subdivision (1), by majority vote
of a committee duly designated by the board of directors, in which designation directors who
are parties may participate, consisting solely of two or more directors not at the time parties
to the proceeding; (3) By special legal counsel; (i) Selected by the...
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10A-2-8.56
Section 10A-2-8.56 Indemnification of officers, employees, and agents. REPEALED IN THE 2019
REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE
SUPPLEMENT. (a) An officer of a corporation who is not a director is entitled to mandatory
indemnification under Section 10A-2-8.52, and is entitled to apply for court-ordered indemnification
under Section 10A-2-8.54, in each case to the same extent as a director. (b) A corporation
may indemnify and may advance expenses under this division to an officer, employee, or agent
of the corporation who is not a director to the same extent as to a director. (Acts 1994,
No. 94-245, p. 343, §1; §10-2B-8.56; amended and renumbered by Act 2009-513, p. 967, §124.)...
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11-44-88
Section 11-44-88 Procedure for adoption of resolutions, bylaws, or ordinances granting franchises,
etc., for use of streets, public highways, etc.; manner in which franchises, etc., extended,
enlarged, etc. Repealed by Act 2016-295, §1(a), effective May 10, 2016. (Acts 1911, No. 281,
p. 330; Code 1940, T. 37, §99.)...
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22-50-25
Section 22-50-25 Mental Health Capital Outlay Oversight Commission; creation; membership; appointment;
vacancy; meetings; quorum; appropriation for capital outlays and improvements; compensation;
funding from oil and gas leases. REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE
JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (Acts 1981, No. 81-770, p. 1326,
§7.)...
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41-5-19
Section 41-5-19 Legislative Committee on Public Accounts - Meetings; compensation and expenses
of members. REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-129 EFFECTIVE FEBRUARY 22, 2018.
THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (Acts 1947, No. 351, p. 231, §16.)...
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45-10-60
Section 45-10-60 Expense allowance; compensation. REPEALED IN THE 2019 REGULAR SESSION BY ACT
2019-210 EFFECTIVE BEGINNING THE NEXT TERM OF OFFICE OF THE CHEROKEE COUNTY CORONER. THIS
IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) The Coroner of Cherokee County shall receive an
expense allowance of one hundred dollars ($100) per month for expenses incurred in performing
the duties of his or her office. Such amount shall be paid out of the county treasury at the
end of each month upon warrants drawn in the same manner as employees of Cherokee County are
paid. (b) Beginning with the next term of office of the coroner, the expense allowance provided
for in subsection (a) shall convert to additional monthly salary to the coroner. (Act 80-358,
p. 478, §§1, 2.)...
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