10A-10-1.11
Section 10A-10-1.11 Annual report. (a) Each year, a real estate investment trust doing business in this state shall prepare an annual report of its operations. The report shall include a balance sheet, an income statement, and a surplus statement. (b) The financial statements in the annual report shall be certified by an independent certified public accountant based on the accountant's full examination of the books and records of the real estate investment trust in accordance with generally accepted auditing procedures. (c) The annual report shall be submitted to shareholders at or before the annual meeting of shareholders. (d) A real estate investment trust shall mail the annual financial statements to each shareholder within 120 days after the close of each fiscal year. Thereafter, on written request from a shareholder who was not mailed the statements, the real estate investment trust shall mail to him or her the latest financial statements. (Acts 1995, No. 95-628, p. 1317, §11;...
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11-43-250
Section 11-43-250 Elected official of Class 8 municipality authorized to appoint designee to serve on state or local agency, board, etc. (a) In Class 8 municipalities, an elected official of the municipality who is an ex officio member of a state or local agency, board, commission, or other entity pursuant to law, may designate a person to serve in his or her place, who shall assume all duties of the elected official relating to the entity, including all voting rights and who shall be counted as a member for the purpose of conducting business. Provided, that the elected official may not appoint a convicted felon to serve in his or her place unless that person has had his or her civil rights restored. A designee appointed by the mayor to serve in his or her place is not required to be a resident of the municipality where the mayor serves. (b) A designee under subsection (a) shall serve at the pleasure of the elected official and for the duration of the elected official's term of office...
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34-1-9
Section 34-1-9 Registration of firms of public accountants. (a) A firm engaged in this state in the practice of public accounting may register with the board as a firm of public accountants provided it meets all of the following requirements: (1) At least 51 percent of the ownership of the firm, in terms of financial interests and voting rights of all partners, officers, shareholders, members, or managers, belongs to certified public accountants or public accountants of this state in good standing with a valid permit to practice. Although public accountant firms may include nonlicensee owners, the firm and its ownership must comply with rules promulgated by the board. (2) Any public accountant firm as defined in this chapter may include nonlicensee owners provided that: a. The firm designates a licensee of this state who is responsible for the proper registration of the firm and identifies that individual to the board. b. All nonlicensee owners are active individual participants in the...
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28-7A-6
Section 28-7A-6 Board authorized to inspect, examine and audit books and records of wholesaler licensees and retail sellers of alcoholic beverages. The board shall have the authority to inspect, examine and audit the books and records of any wholesaler licensee who sells, stores or receives for the purpose of distribution, any alcoholic beverages, to verify the proper filing and to determine the accuracy of any state or local tax return required to be filed by the wholesaler, and to determine the payment of all state and local taxes when and where due with respect to any state or local tax levied on alcoholic beverages by statute. In pursuance of said authority, the board shall have the further authority to inspect, examine and audit the books and records of any person, firm, corporation, club or association who sells at retail any alcoholic beverages. (Acts 1988, 1st Ex. Sess., No. 88-723, p. 118, §6.)...
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11-43A-27
Section 11-43A-27 Monthly statement and summary; annual examination of books and accounts; publication of results. The council shall each month make available in the office of the city manager a detailed statement of all receipts and expenses of the municipality and a summary of its proceedings during the preceding month and at the end of each year the council shall cause a full and complete examination of all the books and accounts of the municipality to be made by a qualified public accountant and shall cause the results of such examination to be published in pamphlet form, copies of which shall be placed in the office of the city manager, the office of municipal clerk, and in the public library to be open for inspection by all persons. (Acts 1982, No. 82-517, p. 851, §26; Acts 1988, No. 88-568, p. 888.)...
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11-43A-93
Section 11-43A-93 Monthly statement and summary; annual examination of books and accounts; publication of results. The city manager shall each month make available to the council a detailed statement of all receipts and expenses of the municipality, and the council shall make available to the city manager a summary of its proceedings during the preceding month and at the end of each year. At the end of each fiscal year, the council shall cause a full and complete examination of all books and accounts of the municipality to be made by a qualified public accountant and shall cause the results of such examination to be published in pamphlet form, copies of which shall be placed in the office of the city manager, the office of clerk and in the public library to be open for inspection by all persons. (Acts 1991, No. 91-545, p. 973, §24.)...
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11-51-186
Section 11-51-186 Taxpayer rights; responsibilities of municipality; abatement of penalty. (a) Rights of the taxpayer. (1) At or before the commencement of an examination of the books and records of a taxpayer, the taxing jurisdiction shall provide to the taxpayer a written description, in simple and non-technical terms, of the role of the taxing jurisdiction and the taxpayer during the examination and a statement of the taxpayer's rights. (2) At or before the issuance of a preliminary assessment, the taxing jurisdiction shall provide to the taxpayer in simple and non-technical terms: a. A written description of the basis for the assessment and any penalty asserted with respect to the assessment. b. A written description of the method by which the taxpayer may request an administrative review of the preliminary assessment. (3) At or before the issuance of a final assessment, the taxing jurisdiction shall inform the taxpayer by a written statement of his or her right to appeal to the...
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22-21-4
Section 22-21-4 Annual audit of books and records of publicly owned medical institutions. (a) The books and records of publicly owned hospitals, nursing homes, rest homes or any other publicly owned medical institution may, upon request of the governing board of the particular institution, be audited annually by any certified public accountant who is subject to the control of the Alabama State board of Public Accountancy. The selection of the certified public accountant to perform the audit shall be the responsibility of the governing board of the particular institution. Such audit, upon approval as provided in this section, shall be in lieu of any audits otherwise required by law of said institutions. The audit to be performed by the certified public accountant shall be in accordance with generally accepted auditing standards and shall comply with the procedures promulgated by the Chief Examiner of Public Accounts, and the audit report shall be addressed to the Chief Examiner of...
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34-1-6
Section 34-1-6 Registration of firms of certified public accountants. (a) A firm engaged in this state in the practice of public accounting may register with the board as a firm of certified public accountants provided it meets all of the following requirements: (1) At least 51 percent of the ownership of the firm, in terms of financial interests and voting rights of all partners, officers, shareholders, members, or managers, belongs to holders of a certificate who are licensed in some state, and such partners, officers, shareholders, members, or managers, whose principal place of business is in this state, and who perform professional services in this state hold a valid certificate issued under Section 34-1-4. Although firms may include nonlicensee owners, the firm and its ownership must comply with rules promulgated by the board. (2) Each certified public accountant owner regularly engaged within this state in the practice of public accounting as a member of the firm shall be a...
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36-21-192
Section 36-21-192 Appointment of actuary; action upon report; liability for deficiency in payments. (a) The board shall appoint and employ an actuary to make an actuarial valuation every three years or earlier, if deemed required, of the receipts and income accruing to the fund based on age, expected mortality, disability, and retirement status of the members and the qualified service and membership service of members and to determine what percentage of the proposed payments, annuities, and benefits set forth in this article may be paid if the fund is to be kept on an actuarially sound and solvent basis. Upon receipt of the report of the actuary, the executive director shall present it to a meeting of the board which shall make adjustments of annuities and benefits, up or down, as recommended by the actuary. Any increase or reduction in benefits resulting from any actuarial study or from any subsequent amendment of this article shall be applicable to all persons then receiving such...
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