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10A-2-15.41
Section 10A-2-15.41 Authority of foreign corporation to act as fiduciary. REPEALED IN THE 2019
REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE
SUPPLEMENT. (a) Any foreign corporation may act in this state as trustee, personal representative,
executor, administrator of any kind, guardian, conservator, or in any other like or similar
fiduciary capacity, whether the appointment is by law, will, deed, inter vivos trust, mortgage,
deed of trust, court order or otherwise, without the necessity of complying with any law of
this state relating to the qualification of foreign corporations to do business in this state
or the licensing of foreign corporations to do business in this state and notwithstanding
any prohibition, limitation, or restriction contained in any law of this state subject to
the following conditions: (1) The foreign corporation is authorized to act in a fiduciary
capacity, or capacities, in the state in which it is incorporated or, if...
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10A-2-8.01
Section 10A-2-8.01 Requirements for and duties of board of directors. REPEALED IN THE 2019
REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE
SUPPLEMENT. (a) Each corporation must have a board of directors. (b) All corporate powers
shall be exercised by or under the authority of, and the business and affairs of the corporation
managed under the direction of, its board of directors, subject to any limitation set forth
in the articles of incorporation or in an agreement authorized under Section 10A-2-7.32. (Acts
1994, No. 94-245, p. 343, §1; §10-2B-8.01; amended and renumbered by Act 2009-513, p. 967,
§116.)...
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10A-2-8.31
Section 10A-2-8.31 Fiduciary obligations not impaired. REPEALED IN THE 2019 REGULAR SESSION
BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Neither
an unqualified statement of rights or powers, nor an unqualified grant of authority in this
chapter, shall be taken or construed to abrogate, repeal, displace, modify or impair the fiduciary
obligations of directors or other officers or employees of a corporation, or of shareholders
having or exercising control thereof, or any function thereof, whether by reason of ownership
of a majority, or other controlling, interest therein, or otherwise, or the jurisdiction of
the courts to grant relief by way of injunction or otherwise, in order to forestall, prevent,
correct, remedy or allow damages for fraud, oppression, imposition or other inequitable or
remedial conduct in conformity with the applicable principles and practices of law. (Acts
1994, No. 94-245, p. 343, §1; §10-2B-8.31; amended and renumbered...
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10A-20-16.02
Section 10A-20-16.02 Definitions. The following terms shall have the following respective meanings
for the purposes of this chapter: (1) OFFICER. Any officer, director, trustee, partner, manager,
member, and governing person and other member of the governing authority of a qualified entity
who does not receive compensation for serving in such capacity. A per diem amount of not more
than three hundred dollars ($300) per day and actual, reasonable, and necessary expenses shall
not constitute compensation for the purposes of this article. Provided, however, that the
immunity granted herein shall not extend to officers, directors, trustees, partners, managers,
or members of any board, authority, or commission dealing with pari-mutuel betting, gambling,
or games of chance. (2) QUALIFIED ENTITY. a. Any nonprofit corporation, association, or organization
which is exempt from federal income taxation under Section 501(c) of the Internal Revenue
Code of 1986, as amended; b. Any nonprofit...
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10A-4-5.08
Section 10A-4-5.08 Application to existing corporations. (a) The provisions of this chapter
shall apply to all existing corporations organized under the statute formerly codified as
Article 11 of Chapter 4, Title 10 and repealed by Acts 1983, No. 83-514, effective January
1, 1984; provided, that any professional corporation, or nonprofit corporation, in existence
on December 31, 1983, in which duly licensed medical and dental professionals are shareholders,
or in the case of a nonprofit professional corporation, render medical and dental services,
shall be deemed to be in compliance with Sections 10A-4-2.01 and 10A-4-2.03, as amended, and
other applicable provisions of this chapter. The repeal of a prior act by this chapter shall
not impair, or otherwise affect, the organization or continued existence of an existing domestic
professional corporation nor the right of any foreign professional corporation presently qualified
to render professional services in Alabama to continue to do so...
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26-1A-213
Section 26-1A-213 Personal and family maintenance. (a) Unless the power of attorney otherwise
provides, language in a power of attorney granting general authority with respect to personal
and family maintenance authorizes the agent to: (1) perform the acts necessary to maintain
the customary standard of living of the principal, the principal's spouse, and the following
individuals, whether living when the power of attorney is executed or later born: (A) the
principal's children; (B) other individuals legally entitled to be supported by the principal;
and (C) the individuals whom the principal has customarily supported or indicated the intent
to support; (2) make periodic payments of child support and other family maintenance required
by a court or governmental agency or an agreement to which the principal is a party; (3) provide
living quarters for the individuals described in paragraph (1) by: (A) purchase, lease, or
other contract; or (B) paying the operating costs, including...
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27-21A-17
Section 27-21A-17 Suspension or revocation of certificate of authority. (a) The commissioner
in consultation with and with the approval of the State Health Officer, where necessary, may
suspend or revoke any certificate of authority issued to a health maintenance organization
under this chapter if he finds that any of the following conditions exist: (1) The health
maintenance organization is operating significantly in contravention of its basic organizational
document or in a manner contrary to that described in any other information submitted under
Section 27-21A-2, unless amendments to such submissions have been filed with the commissioner
and the State Health Officer and approved by the commissioner; (2) The health maintenance
organization issues evidence of coverage or uses a schedule of charges for health care services
which do not comply with requirements of Section 27-21A-7; (3) The health maintenance organization
does not provide or arrange for basic health care services; (4)...
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45-22-81.03
Section 45-22-81.03 Juvenile Day Treatment Fund. (a)(l) In addition to all other costs and
charges in circuit court, district court, and juvenile court cases in Cullman County, a fee
ranging from five dollars ($5) to five hundred dollars ($500) may be assessed at the discretion
of the judge upon the adjudication or dismissal of the case and collected by the clerk of
the court and shall be remitted monthly to the Juvenile Day Treatment Fund of the Cullman
County Commission. (2) Further, a monthly supervision fee not to exceed forty dollars ($40)
per month may be assessed in juvenile cases at the discretion of the juvenile court judge
and collected by the clerk of the court and shall be remitted monthly to the Juvenile Day
Treatment Fund of the Cullman County Commission. (3) There is established a Juvenile Day Treatment
Fund for the deposit of the assessment fees and supervision fees provided in subdivisions
(l) and (2). The fees shall be maintained in an interest-bearing account in a...
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10A-5-4.04
Section 10A-5-4.04 Derivative actions. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144
EFFECTIVE JANUARY 1, 2017. (a) A member may bring an action in the right of a limited liability
company to recover a judgment in its favor if the members or managers with authority to do
so have refused to bring the action or if an effort to cause those members or managers to
bring the action is not likely to succeed. (b) In a derivative action, the plaintiff shall
be a member (1) at the time of bringing the action or have succeeded to the right of a member
by operation of law or pursuant to the terms of the operating agreement from a person who
was a member and (2) at the time of the transaction of which he or she complains. (c) In a
derivative action, the complaint shall set forth with particularity the effort of the plaintiff
to secure initiation of the action by the members or managers with authority to do so, or
the reasons for not making the effort. (d) If a derivative action is...
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10A-5-5.02
Section 10A-5-5.02 Liability for contributions. REPEALED IN THE 2014 REGULAR SESSION BY ACT
2014-144 EFFECTIVE JANUARY 1, 2017. (a) Except as provided in the certificate of formation,
a member is obligated to the limited liability company to perform any promise to pay cash
or convey property or to render services, even if the member is unable to perform because
of death, disability, or any other reason. A member who does not perform such a promise is
obligated at the option of the limited liability company to pay cash equal to the amount or
value of the portion of the contribution that has not been paid, conveyed, or rendered. (b)
The operating agreement may provide that the interest of any member who fails to make any
contribution that the member is obligated to make, or who fails to pay any agreed assessment
that the member is obligated to make, shall be subject to a reasonable penalty for such failure.
The penalty may take the form of reducing the defaulting member's proportionate...
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