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10A-2A-13.01
Section 10A-2A-13.01 Definitions. Notwithstanding Chapter 1, in this Article 13: (1)
"Affiliate" means a person that directly or indirectly through one or more intermediaries
controls, is controlled by, or is under common control with another person or is a senior
executive of that person. For purposes of Section 10A-2A-13.02(b)(4), a person is deemed
to be an affiliate of its senior executives. (2) "Corporation" means the corporation
that is the issuer of the stock held by a stockholder demanding appraisal and, for matters
covered in Section 10A-2A-13.22 through Section 10A-2A-13.31, includes the surviving
organization of a merger. (3) "Fair value" means the value of the corporation's
stock determined: (i) immediately before the effectiveness of the corporate action to which
the stockholder objects; (ii) using customary and current valuation concepts and techniques
generally employed for similar businesses in the context of the transaction requiring appraisal;
and (iii) without...
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10A-5A-9.09
Section 10A-5A-9.09 Applicability to foreign limited liability companies. In any derivative
action in the right of a foreign limited liability company, or a series thereof, the right
of a person to commence or maintain a derivative action in the right of a foreign limited
liability company, or a series thereof, and any matters raised in the action covered by Sections
10A-5A-9.02 through 10A-5A-9.08 shall be governed by the law of the jurisdiction under which
the foreign limited liability company was formed; except that any matters raised in the action
covered by Sections 10A-5A-9.06, 10A-5A-9.07, and 10A-5A-9.08 shall be governed by the law
of this state. (Act 2014-144, p. 265, §1.)...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama
hereby agrees to the following interstate compact known as the Interstate Insurance Product
Regulation Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of
joint and cooperative action among the compacting states: 1. To promote and protect the interest
of consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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6-5-680
Section 6-5-680 Definitions. For the purposes of this article, the following words shall
have the following meanings: (1) ASBESTOS CLAIM. Any claim, wherever or whenever made, for
damages, losses, indemnification, contribution, or other relief arising out of, based on,
or in any way related to asbestos, including: a. The health effects of exposure to asbestos,
including any claim for: 1. Personal injury or death. 2. Mental or emotional injury. 3. Risk
of disease or other injury. 4. The costs of medical monitoring or surveillance, to the extent
these claims are recognized under state law. b. Any claim made by or on behalf of a person
exposed to asbestos, or a representative, spouse, parent, child, or other relative of the
person. c. Any claim for damage or loss caused by the installation, presence, or removal of
asbestos. (2) CORPORATION. A corporation for profit, including a domestic corporation organized
under the laws of this state, or a foreign corporation organized under laws other...
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13A-6-111
Section 13A-6-111 Transmitting obscene material to a child by computer. (a) A person
is guilty of transmitting obscene material to a child if the person transmits, by means of
any computer communication system allowing the input, output, examination, or transfer of
computer programs from one computer to another, material which, in whole or in part, depicts
actual or simulated nudity, sexual conduct, or sadomasochistic abuse, for the purpose of initiating
or engaging in sexual acts with the child. (b) For purposes of determining jurisdiction, the
offense is committed in this state if the transmission that constitutes the offense either
originates in this state or is received in this state. (c) A person charged under this section
shall be tried as an adult and the record of the proceeding shall not be sealed nor subject
to expungement. (d) Transmitting obscene material of engaging in sexual intercourse, sodomy,
or to engage in a sexual performance, obscene sexual performance, or sexual...
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5-13B-41
Section 5-13B-41 Definitions. For purposes of this article: (a) The term "bank"
means any bank as defined in: Section 2(c) of the Bank Holding Company Act (12 U.S.C.
§1841(c)); Section 3(a)(1) of the Federal Deposit Insurance Act (12 U.S.C. §1813(a)(1)),
other than a branch of a foreign bank; or, as the context may require, in Chapter 5A, Title
5. The term "bank" as used in this article shall not in any event include a foreign
bank or a branch or agency of a foreign bank. (b) The term "foreign bank" means
any company organized under the laws of a foreign country, a territory of the United States,
Puerto Rico, Guam, American Samoa, or the Virgin Islands, that engages directly in the business
of banking. The term includes foreign commercial banks, foreign merchant banks, and other
foreign institutions that engage in banking activities usual in connection with the business
of banking in the countries where such foreign institutions are organized or operating. (c)
The term "out-of-state...
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5-5A-44
Section 5-5A-44 Acquisition of majority of voting shares of a bank; procedure. (a) No
person, acting directly or indirectly or through or in concert with one or more persons, may
acquire control of a state bank or of any corporation or other entity having control of a
state bank, unless an application is filed with the superintendent for review of the proposed
transaction and for his or her action, if any, as provided in this section. (b) The
application shall be on a form prescribed by the superintendent and shall be made under oath.
The application must contain all information that the superintendent by regulation requires
to be furnished in an application, as well as any information that the superintendent orders
to be included in the particular application being filed and shall be accompanied by the filing
fee prescribed by the Banking Board. For the purposes of this section, the Banking
Board may reduce or waive any prescribed fees for applications where a change of control...
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8-12A-2
Section 8-12A-2 Assertion of patent infringement in bad faith. (a) A person may not
assert a claim of patent infringement in bad faith. (b) The Attorney General may investigate
claims of patent infringement alleged to have been made in bad faith and may do both of the
following: (1) Issue subpoenas to any person to appear and produce relevant papers, documents,
and physical evidence, and administer an oath or affirmation to any person, in aid of any
investigation or inquiry into possible violations of this chapter. Subpoenas shall be served
in accordance with the appropriate Alabama Rules of Civil Procedure. Upon failure of a person
without lawful excuse to obey a subpoena, the Attorney General may apply to a court of competent
jurisdiction for an order compelling compliance. After an action is commenced, discovery may
proceed in accordance with the Alabama Rules of Civil Procedure. (2) Initiate a civil action
in the name of the state, as necessary, to seek injunctive and any other...
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32-5A-195
Section 32-5A-195 Cancellation, suspension, or revocation of driver's license; grounds,
procedure, etc. (a) The Secretary of the Alabama State Law Enforcement Agency is authorized
to cancel any driver's license upon determining that the licensee was not entitled to the
issuance thereof or that the licensee failed to give the correct or required information in
his or her application. Upon such cancellation, the licensee must surrender the license so
cancelled. If the licensee refuses to surrender the license, he or she shall be guilty of
a misdemeanor. (b) The privilege of driving a motor vehicle on the highways of this state
given to a nonresident shall be subject to suspension or revocation by the Secretary of the
Alabama State Law Enforcement Agency in like manner and for like cause as a driver's license
issued may be suspended or revoked. (c) The Secretary of the Alabama State Law Enforcement
Agency is further authorized, upon receiving a record of the conviction in this state of a...
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41-16-5
Section 41-16-5 Public contracts with entities engaging in certain boycotting activities.
(a) For the purposes of this section, the following terms shall have the following
meanings: (1) BOYCOTT. To blacklist, divest from, or otherwise refuse to deal with a person
or business entity when the action is based on race, color, religion, gender, or national
origin of the targeted person or entity or is based on the fact that the boycotted person
or entity is doing business in a jurisdiction with which this state can enjoy open trade and
with which the targeted person or entity is doing business. (2) BUSINESS ENTITY. A corporation,
partnership, limited liability company, organization, or other legal entity conducting or
operating any trade or business in Alabama or a corporation, organization, or other legal
entity operating in Alabama that is exempt from taxation under Section 501(C)(3) or
(4) of the Internal Revenue Code. (3) GOVERNMENTAL ENTITY. The state or any political subdivision...
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