27-27-16
Section 27-27-16 Domestic mutual insurers - Bond or deposit in lieu thereof. (a) Before soliciting any applications for insurance required under Section 27-27-15, as qualification for the original certificate of authority, the incorporators of the proposed mutual insurer shall file with the commissioner a corporate surety bond in the penalty of $15,000.00 in favor of the State of Alabama and for the use and benefit of the state and of applicant members and creditors of the corporation. The bond shall be conditioned as follows: (1) Upon payment of any loss suffered by applicants who have cancelled or lapsed existing insurance policies due to misrepresentation by the incorporators or by persons soliciting such applications under authorization by the corporation, to the effect that the making of such application for insurance and prepayment of premiums in such proposed insurer provides insurance protection prior to issuance of a certificate of authority to such insurer by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-16.htm - 2K - Match Info - Similar pages
36-5-14
Section 36-5-14 Liability of sureties on bonds conditionally executed. A surety on an official bond or on a bond intended as an official bond cannot avoid liability thereon on the ground that he signed or delivered it on condition that it should not be delivered to the proper officer or should not become perfect unless it was executed by some other person who does not execute it. The provisions of this section shall apply to bonds of state, county, municipal and public corporate officers; to bonds of executors, administrators, guardians, receivers, assignees, and other trustees, and to all bonds and undertakings executed in the commencement or progress of any suit or judicial proceeding, civil or criminal. (Code 1886, §276; Code 1896, §3090; Code 1907, §1505; Code 1923, §2617, Code 1940, T. 41, §56.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-5-14.htm - 1K - Match Info - Similar pages
45-12-240.40
Section 45-12-240.40 Motor vehicle licensing. (a) The Revenue Commissioner of Choctaw County shall perform all duties relative to the assessment and collection of taxes on motor vehicles, motor vehicle titles, and nonmotorized vehicles in Choctaw County which the judge of probate is required under the law to perform. The judge of probate shall be relieved of all duties and responsibilities relative to the assessment and collection of taxes on motor vehicles, motor vehicle titles, and nonmotorized vehicles, and the revenue commissioner shall have all the duties and responsibilities relative to the assessment and collection of taxes and issuance of motor vehicle licenses and titles for motorized and non-motorized vehicles. For purposes of this section the term "motor vehicle" shall mean the same as defined in Article 5, Chapter 12, Title 40. (b) Before entering upon the additional duties imposed by this section, the revenue commissioner shall execute an additional bond in a sum...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-12-240.40.htm - 7K - Match Info - Similar pages
45-37-90.04
Section 45-37-90.04 Civic Center Authority - Powers; officers; contracts; conflicts of interest. (a) The power of the authority shall be vested in and exercised by a majority of the members of the board of directors. The board may delegate to one or more of its members or its officers, agents, and employees such duties as it may deem proper. The board of directors shall elect a vice chair of the board, who shall serve as chair in the event of the chair's absence. The board of directors shall also elect a treasurer and a secretary. The same person may serve as secretary and treasurer. The secretary and treasurer may or may not be a member of the board. The treasurer shall act as custodian of all the funds, from whatever sources derived, received by the authority. The treasurer shall deposit the monies in a separate account or accounts in one or more bank or banks or trust companies which are duly qualified and doing business in the State of Alabama. The authority may by resolution or by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-90.04.htm - 3K - Match Info - Similar pages
45-37-91.05
Section 45-37-91.05 Employees; delegation of duties; officers; contracts. (a) The power of the bureau shall be vested in and exercised by the board subject to this part. (b) The board shall be authorized to employ agents, employees, officers, consultants, attorneys, and to secure such services and assistance as the board deems necessary to enable it to conduct and engage in the activities and purposes for which this bureau is created. (c) The board may delegate to one or more of its members, employees, agents, or officers, such duties as it deems proper. (d) The board shall elect a chair and a vice chair of the board who shall serve as chair in the event of the chair's absence. The board shall also elect a treasurer, assistant treasurer, secretary, and assistant secretary. One person may serve as treasurer and secretary, or as assistant treasurer and assistant secretary. The treasurer, assistant treasurer, secretary, or assistant secretary may, but need not be, a member of the board....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-91.05.htm - 2K - Match Info - Similar pages
45-39-200.01
Section 45-39-200.01 License commissioner - Seal; oath; bond. The county license commissioner shall have an official seal of office and shall maintain his or her permanent office in the court house of Lauderdale County. Before entering upon the duties of office, the county license commissioner shall take the oath prescribed by the Constitution of Alabama of 1901, and shall execute bond in such penal sum as prescribed by the county governing body, giving as surety thereon a bond issued by a bonding company authorized to do business in this state. The bond shall be conditioned as other official bonds, shall be approved by the governing body of the county, and shall be filed and recorded in the office of the Judge of Probate of Lauderdale County. A certified copy of the bond shall be furnished by the judge to the Comptroller. All premiums on the bond shall be paid from the general fund of the county. (Act 79-107, p. 129, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39-200.01.htm - 1K - Match Info - Similar pages
45-39A-11.03
Section 45-39A-11.03 Civic Center Authority - Powers; officers, contracts. (a) The power of the authority shall be vested in and exercised by a majority of the members of the board of directors; however, the board may delegate to one or more of its members or its officers, agents, and employees such duties as it may deem proper. The board of directors shall elect a vice chair of the board, who shall serve as chair in the event of the chair's absence. The board of directors shall also elect a treasurer and a secretary. The same person may serve as secretary and treasurer. The secretary and treasurer may or may not be a member of the board. The treasurer shall act as custodian of all the funds, from whatever sources derived, received by the authority. The treasurer shall deposit the monies in a separate account or accounts in one or more bank or banks or trust companies which are duly qualified and doing business in the State of Alabama; provided, however, that the authority may by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39A-11.03.htm - 3K - Match Info - Similar pages
10A-1-7.07
Section 10A-1-7.07 Entity name. If the name of a foreign entity does not satisfy the requirements of Article 5, the foreign entity, for use in this state, may: (1) if a corporation, add to its corporate name the word "corporation" or "incorporated" or an abbreviation of one of the words; (2) if a banking corporation, add to its corporate name the words "bank," "banking," or "bankers"; (3) if a limited partnership that is not a limited liability limited partnership, add to its partnership name the word "limited" or the abbreviation "Ltd." or the phrase "limited partnership" or the abbreviation "L.P." or "LP" but its name must not contain the phrase "limited liability limited partnership" or the abbreviation "LLLP" or "L.L.L.P."; (4) if a limited partnership that is a limited liability limited partnership, add to its partnership name the phrase "limited liability limited partnership" or the abbreviation "LLLP" or "L.L.L.P." and must not contain the abbreviation "Ltd.," "L.P.," or "LP."...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-7.07.htm - 2K - Match Info - Similar pages
10A-20-4.01
Section 10A-20-4.01 Powers of conventions or associations. State conventions or state associations of churches, generally known as congregational churches, which have been heretofore incorporated under any general or special law of the state or which may be hereafter incorporated under any general law of this state, shall have and are invested with the following powers in addition to the powers heretofore conferred upon the corporations by general law or special acts of the Legislature. The incorporated conventions or associations may: (1) In their corporate capacity, act in the intervals between state conventions by, and through, trustees, directors, or governing boards by whatever name called or designated; (2) Through its constitution and bylaws or by resolution adopted by the convention confer upon the trustees, directors, or governing boards the power to do any and all acts and exercise any and all corporate powers conferred upon them by the convention which the convention itself...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-4.01.htm - 2K - Match Info - Similar pages
23-7-29
Section 23-7-29 Other financial assistance authorized. (a) The granting of other financial assistance by the bank shall be authorized by a resolution of the bank. (b) The bank may execute instruments and enter into financing agreements, including, without limitation, a trust indenture between the bank and a corporate trustee, which may be the State Treasurer or any bank having trust powers or any trust company doing business in this state, containing the terms and conditions as the bank shall determine in connection with the provision of other financial assistance and securing its obligations with respect to other financial assistance. (c) The bank may pledge any of its revenues or funds to the payment of other financial assistance provided by the bank, subject to any prior pledges for outstanding bonds or other financial assistance of the bank and, in the case of those revenues described in subdivisions (1) and (2) of subsection (a) and subsection (b) of Section 23-7-6, the pledges by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-7-29.htm - 1K - Match Info - Similar pages
|