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10A-1-8.02
Section 10A-1-8.02 Mergers of entities. (a) A merger of two or more entities, whether the other
entity or entities are the same or another form of entity, may be accomplished as provided
in this section. (1) CORPORATIONS. a. In the case of a corporation, other than a nonprofit
corporation, that is a party to a merger, a plan of merger must be approved in accordance
with the procedures and by the stockholder vote required by Article 11 of Chapter 2A. If the
governing documents of the corporation provide for approval of a merger by less than all of
the corporation's stockholders, approval of the merger shall constitute corporate action subject
to appraisal rights pursuant to Article 13 of Chapter 2A, as applicable. No merger of a corporation
into a general or limited partnership may be effected without the consent in writing of each
stockholder who will have personal liability with respect to the surviving entity, notwithstanding
any provision in the governing documents of the...
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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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16-56-1
Section 16-56-1 Body corporate; rights, duties, property, etc. of Troy University. (a)(1) The
Governor, by virtue of the office and the trustees appointed from designated areas of the
state, pursuant to Section 16-56-3, and their successors in office, shall constitute a body
corporate under the name of Troy University, or by any name the board of trustees may from
time to time designate as successor. The name Troy University shall refer to each campus.
(2) All rights, duties, property, real or personal, and all other effects existing in the
name of Troy State University, the Troy State University System, or in any other name by which
the institution has been known, shall continue in the name of Troy University. Any reference
to Troy State University, the Troy State University System, or any other name by which the
institution has been known, in any existing law, contract, or other instrument shall constitute
a reference to Troy University. All acts of Troy State University lawfully...
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33-16-8
Section 33-16-8 Powers enumerated. The authority shall have the following powers: (1) To have
succession by its corporate name without time limit; (2) To bring civil actions and have civil
actions brought against it and to prosecute and defend in any court having jurisdiction of
the subject matter and of the parties; (3) To have and to use a corporate seal and to alter
the same at pleasure; (4) To receive, take and hold by sale, gift, lease, devise or otherwise
real and personal property of every kind and description, and to manage the same; (5) To acquire
by purchase, gift or the exercise of the power of eminent domain, or any other lawful means,
and to convey or cause to be conveyed to the United States, the State of Alabama, any county
or municipality in the state, or to any agency, department or instrumentality of such political
entities, or to any public corporation, any real, personal or mixed property necessary or
convenient to the authority in the performance of its duties and...
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16-55-1
Section 16-55-1 Governor, State Superintendent of Education and trustees constituted public
body corporate. The Governor and the State Superintendent of Education, by virtue of their
respective offices, and the trustees appointed from the senatorial districts of the state
enumerated in Section 16-55-2, are constituted a public body corporate under the name of University
of South Alabama to carry into effect the purposes expressed in this article and to establish
a state institution of higher learning. (Acts 1963, 2nd Ex. Sess., No. 157, p. 350, §1.)...
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23-1-306
Section 23-1-306 Corporation - Powers. The corporation shall have the following powers: (1)
To have perpetual succession by its corporate name unless sooner dissolved pursuant to Section
23-1-318. (2) To commence actions and have actions commenced against it, provided, however,
that the corporation shall be considered a public agency performing state governmental functions
and shall be immune from suit based on its acts or omissions or those of its agents, servants,
or employees to the extent the State of Alabama is so immune, and to prosecute and defend
in any court having jurisdiction of the subject matter and of the parties. Venue shall be
in the appropriate court of the county in which the principal office of the corporation is
located. (3) To have and to use a corporate seal and to alter the same at pleasure. (4) To
construct, reconstruct and relocate or to cause to be constructed, reconstructed and relocated
federal aid projects, including work incidental or related thereto, in...
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33-17-8
Section 33-17-8 Powers enumerated. The authority shall have the following powers: (1) To have
succession by its corporate name without time limit; (2) To bring civil actions and have civil
actions brought against it and to prosecute and defend in any court having jurisdiction of
the subject matter and of the parties; (3) To have and to use a corporate seal and to alter
the same at pleasure; (4) To receive, take and hold by sale, gift, lease, devise or otherwise
real and personal property of every kind and description, and to manage the same; (5) To acquire
by purchase, gift or the exercise of the power of eminent domain, or by any other lawful means,
any property, whether real, personal or mixed, the acquisition of which is found by the board
to be necessary or convenient to the authority in the carrying out of the purposes for which
the authority is authorized to be organized, and to lease or convey any such property or to
cause any such property to be leased or conveyed to the United...
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16-52-16
Section 16-52-16 Right, title and interest in property conveyed to university. All of the right,
title and interest of the State of Alabama in and to the real property acquired by and in
the name of the State of Alabama for the use and benefit of the state educational institution
formerly known as Jacksonville State College at Jacksonville, Alabama, is hereby conveyed
to and vested in Jacksonville State University, the body corporate created by Act No. 239,
Regular Session 1967, approved August 16, 1967. (Acts 1979, No. 79-613, p. 1084, § 1.)...
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11-32-7
Section 11-32-7 Powers of authority. (a) The authority shall exercise powers and duties necessary
to the discharge of its powers and duties in corporate form as follows: (1) Have succession
by its corporate name in perpetuity subject to Section 11-32-20. (2) Sue and be sued in its
own name in civil suits and actions and defend suits against it. (3) Adopt and make use of
a corporate seal and alter the same at its pleasure. (4) Adopt and alter bylaws for the regulation
and conduct of its affairs and business. (5) Acquire, receive, take, by purchase, gift, lease,
devise, or otherwise, and hold property of every description, real, personal, or mixed, whether
located in one or more counties or municipalities and whether located within or outside the
authorizing county. (6) Make, enter into, and execute contracts, agreements, leases, and other
instruments and take other actions as may be necessary or convenient to accomplish any purpose
for which the authority was organized, or exercise any...
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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the agency
shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in its corporate
name. b. May sue and be sued in its corporate name. c. May adopt, use and alter a corporate
seal, which shall be judicially noticed. d. May enter into such contracts and cooperative
agreements with the federal, state and local governments, with agencies of such governments,
with private individuals, corporations, associations, trusts and other organizations as the
board may deem necessary or convenient to enable it to carry out the purposes of this chapter,
including the planned, orderly residential development of the area. e. May adopt, amend and
repeal bylaws. f. May appoint such managers, officers, employees, attorneys and agents as
the board deems necessary for the transaction of its business, fix their compensation, define
their duties, require bonds of such of them as the board may...
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