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16-44A-17
Section 16-44A-17 Distribution of residual assets in the event of dissolution of compact. In
the event of dissolution of the compact, which may be accomplished only by legislative act,
the residual assets shall be turned over to another public corporation or organization which
is exempt from federal income tax as an organization described in Section 501(c)(3) of the
Internal Revenue Code. (Acts 1994, No. 94-482, p. 799, §17.)...
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16-44A-31
Section 16-44A-31 Citizenship Trust established. (a) The State of Alabama hereby establishes
and authorizes the Citizenship Trust, herein referred to as the "trust." (b) The
purpose of the trust is to strengthen and renew the foundation of American liberty and self-government
through citizenship education. The trust shall provide students with high quality educational
programs, learning experiences, and resources inside and outside the classroom which enhance
their understanding and appreciation of the principles of American citizenship, and knowledge
of the Constitution, Bill of Rights, and other essential foundations of the American Republic,
and which encourage them to serve and lead their communities, state, and nation as active,
responsible, informed, and law-abiding citizens. Programs shall be focused on improving student
learning and achievement in the critical academic areas of American history, government, civics,
and citizenship. (c) The trust shall encourage voluntary,...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
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16-7A-6
Section 16-7A-6 Disposition of assets upon dissolution. In the event of dissolution, the residual
assets of the authority shall be turned over to another public corporation or organization
which is itself exempt from federal income tax as an organization described in Section 501(c)(3)
and Section 170(c) of the Internal Revenue Code of 1954, as amended. (Acts 1982, 2nd Ex. Sess.,
No. 82-786, p. 289, §6.)...
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11-50-532
Section 11-50-532 Dissolution. When all obligations incurred by the corporation and all bonds
issued by it shall have been paid in full or provision for payment thereof shall have been
made by appropriate, segregation and deposit of funds sufficient for such purposes, then and
in such event the corporation may be dissolved by resolution adopted by vote of a majority
of the board, which resolution shall set out the plan of dissolution and shall designate three
directors who shall act as trustees in dissolution of the corporation. A copy of such resolution,
duly certified by the secretary of the corporation under its seal, shall be filed with the
Secretary of State, and, if it shows compliance with the foregoing requirements, it shall
be recorded by the Secretary of State with the certificate of incorporation. Upon such filing
and recording the corporation shall thereupon stand dissolved, and the trustees in dissolution
named in such resolution shall thereupon proceed to wind up the...
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15-22-1.1
Section 15-22-1.1 Interstate Compact for Adult Offender Supervision. Whereas: The Interstate
Compact for the Supervision of Parolees and Probationers was established in 1937, it is the
earliest corrections "compact" established among the states and has not been amended
since its adoption over 62 years ago; Whereas: This compact is the only vehicle for the controlled
movement of adult parolees and probationers across state lines, and it currently has jurisdiction
over more than a quarter of a million offenders; Whereas: The complexities of the compact
have become more difficult to administer, and many jurisdictions have expanded supervision
expectations to include currently unregulated practices such as victim input, victim notification
requirements, and sex offender registration; Whereas: After hearings, national surveys, and
a detailed study by a task force appointed by the National Institute of Corrections, the overwhelming
recommendation has been to amend the document to bring about...
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45-8-90
Section 45-8-90 Economic Development Council - Creation; composition; powers and duties. (a)(1)
For the purposes of promoting industry and trade and economic development and to assist Calhoun
County and the municipalities located therein in their pursuits therefor and to provide for
the exercise by the county and the municipalities of certain powers and authority proposed
to be granted to them by an amendment to the Constitution of Alabama, the act proposing such
amendment being adopted at the same session of the Legislature at which the act adding this
section was adopted, there is hereby created an economic development council for Calhoun County,
which council shall constitute a public corporation under the name Calhoun County Economic
Development Council. (2) This section shall be liberally construed in conformity with the
purposes. (b)(1) The powers and authorities of the Calhoun County Economic Development Council
shall be vested in and performed by a board of directors. (2) The...
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40-23-4
Section 40-23-4 Exemptions. (a) There are exempted from the provisions of this division and
from the computation of the amount of the tax levied, assessed, or payable under this division
the following: (1) The gross proceeds of the sales of lubricating oil and gasoline as defined
in Sections 40-17-30 and 40-17-170 and the gross proceeds from those sales of lubricating
oil destined for out-of-state use which are transacted in a manner whereby an out-of-state
purchaser takes delivery of such oil at a distributor's plant within this state and transports
it out-of-state, which are otherwise taxed. (2) The gross proceeds of the sale, or sales,
of fertilizer when used for agricultural purposes. The word "fertilizer" shall not
be construed to include cottonseed meal, when not in combination with other materials. (3)
The gross proceeds of the sale, or sales, of seeds for planting purposes and baby chicks and
poults. Nothing herein shall be construed to exempt or exclude from the computation of...
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10A-3-7.02
Section 10A-3-7.02 Voluntary dissolution - Distribution of assets generally. The assets of
a nonprofit corporation in the process of dissolution shall be applied and distributed as
follows: (1) All liabilities and obligations of the nonprofit corporation shall be paid and
discharged, or adequate provision shall be made therefor; (2) Assets held by the nonprofit
corporation upon condition requiring return, transfer or conveyance, which condition occurs
by reason of the dissolution, shall be returned, transferred or conveyed in accordance with
the requirements; (3) Assets received and held by the nonprofit corporation subject to limitations
permitting their use only for charitable, religious, eleemosynary, benevolent, educational,
or similar purposes, but not held upon a condition requiring return, transfer or conveyance
by reason of the dissolution, shall be transferred or conveyed to one or more domestic or
foreign corporations, societies or organizations engaged in activities...
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10A-30-1.16
Section 10A-30-1.16 Distribution of assets on dissolution; applicable to professional associations
formed prior to January 1, 1984. In the event of dissolution of a stock-type professional
association, the board of governors, as trustees of the property of such professional association,
shall apply the assets first to the payment of debts of the association and, secondly, to
the holders of the stock as provided in the certificate of formation. In the event of dissolution
of a nonstock-type association, the assets shall be distributed, or sold, and the net proceeds
distributed first to the payment of debts of the association and, secondly, to or among the
members of the association, as the certificate of formation shall provide. (Acts 1961, No.
865, p. 1349, §13; §10-10-16; amended and renumbered by Act 2009-513, p. 967, §370.)...
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