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10A-2-7.35
Section 10A-2-7.35 Right of infant to receive dividends in own name. REPEALED IN THE 2019 REGULAR
SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
An infant may in his or her own right receive dividends in respect of the stock or securities
standing in his or her name on the books of the corporation, and the receipt shall constitute
a valid and sufficient release and discharge of the corporation for the dividends paid to
the infant stockholder, notwithstanding that the corporation may have actual or written notice
of the infancy of the holder of its stock or securities. (Acts 1957, No. 546, p. 766, §3;
§10-6-3; amended and renumbered by Act 2009-513, p. 967, §114.)...
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10A-2-13.21
Section 10A-2-13.21 Notice of intent to demand payment. REPEALED IN THE 2019 REGULAR SESSION
BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a)
If proposed corporate action creating dissenters' rights under Section 10A-2-13.02 is submitted
to a vote at a shareholder's meeting, a shareholder who wishes to assert dissenters' rights
(1) must deliver to the corporation before the vote is taken written notice of his or her
intent to demand payment or his or her shares if the proposed action is effectuated; and (2)
must not vote his or her shares in favor of the proposed action. (b) A shareholder who does
not satisfy the requirements of subsection (a) is not entitled to payment for his or her shares
under this article. (Acts 1994, No. 94-245, p. 343, §1; §10-2B-13.21; amended and renumbered
by Act 2009-513, p. 967, §141.)...
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10A-2-14.05
Section 10A-2-14.05 Effect of dissolution. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94
EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) A dissolved corporation
continues its corporate existence but may not carry on any business except that appropriate
to wind up and liquidate its business and affairs, including: (1) Collecting its assets; (2)
Disposing of its properties that will not be distributed in kind to its shareholders; (3)
Discharging or making provision for discharging its liabilities; (4) Distributing its remaining
property among its shareholders according to their interests; and (5) Doing every other act
necessary to wind up and liquidate its business and affairs. (b) Dissolution of a corporation
does not: (1) Alter the limited liability status of its subscribers and shareholders under
Section 10A-2-6.22, except as provided in Section 10A-1-9.22(d)(2) with respect to assets
distributed to a shareholder in liquidation; (2) Transfer title to...
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10A-2-14.22
Section 10A-2-14.22 Reinstatement following administrative dissolution. REPEALED IN THE 2019
REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE
SUPPLEMENT. (a) A corporation administratively dissolved under Section 10A-2-14.21 may apply
to the Secretary of State for reinstatement within two years after the effective date of dissolution.
The application must: (1) Recite the name and address of the corporation and the effective
date of its administrative dissolution; (2) State that the ground or grounds for dissolution
either did not exist or have been eliminated; (3) State that the corporation's name satisfies
the requirements of Sections 10A-1-5.03 and 10A-1-5.04; and (4) Contain a certificate from
the Department of Revenue reciting that all taxes owed by the corporation have been paid.
(b) If the Secretary of State determines that the application contains the information required
by subsection (a) and that the information is correct, he or she...
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10A-2-7.34
Section 10A-2-7.34 Infant not entitled to disaffirm as against corporation without notice of
infancy. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS
IS NOT IN THE CURRENT CODE SUPPLEMENT. An infant holder of stock or other securities of a
corporation, having voted or given consent in respect thereto, having transferred or conveyed
the stock or securities or having made an election or exercised a right relating to the stock
or security, shall have no right thereafter to disaffirm or avoid, as against the corporation,
any act on his or her part unless, prior to the receipt, vote or consent, the making of the
election or the exercise of the right, the corporation had written notice of the infancy by
delivery to it or to its transfer agent of a written notice stating that the holder was an
infant. (Acts 1957, No. 546, p. 766, §2; §10-6-2; amended and renumbered by Act 2009-513,
p. 967, §114.)...
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10A-2-8.25
Section 10A-2-8.25 Committees. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE
JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) Unless the articles of incorporation
or bylaws provide otherwise, a board of directors may create one or more committees and appoint
members of the board of directors to serve on them. Each committee may have one or more members,
who serve at the pleasure of the board of directors. (b) The creation of a committee and appointment
of members to it must be approved by the greater of (1) a majority of all the directors in
office when the action is taken or (2) the number of directors required by the articles of
incorporation or bylaws to take action under Section 10A-2-8.24. (c) Sections 10A-2-8.20 through
10A-2-8.24, which govern meetings, action without meetings, notice and waiver of notice, and
quorum and voting requirements of the board of directors, apply to committees and their members
as well. (d) To the extent specified by the...
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17-11-12
Section 17-11-12 Delivery of ballots, envelopes, etc. to absentee election manager. Not less
than 55 days prior to the holding of any election, except a municipal election, to which this
chapter pertains, or in the case of a runoff primary election, not more than 14 days after
the first primary election, the officer charged with the printing and distribution of the
official ballots and election supplies shall deliver to the absentee election manager of each
county in which the election is held or to the person designated to serve in his or her place
a sufficient number of absentee ballots, envelopes, and other necessary supplies. Not more
than seven days after the last day to qualify as a candidate in a municipal election, or in
the case of a runoff municipal election, not more than 14 days after the first election, or
in the case of a municipal election held for a purpose other than the election of municipal
officers, not more than seven days after the giving of notice of the...
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10A-2-13.31
Section 10A-2-13.31 Court costs and counsel fees. REPEALED IN THE 2019 REGULAR SESSION BY ACT
2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) The court
in an appraisal proceeding commenced under Section 10A-2-13.30 shall determine all costs of
the proceeding, including compensation and expenses of appraisers appointed by the court.
The court shall assess the costs against the corporation, except that the court may assess
costs against all or some of the dissenters, in amounts the court finds equitable, to the
extent the court finds the dissenters acted arbitrarily, vexatiously, or not in good faith
in demanding payment under Section 10A-2-13.28. (b) The court may also assess the reasonable
fees and expenses of counsel and experts for the respective parties, in amounts the court
finds equitable: (1) Against the corporation and in favor of any or all dissenters if the
court finds the corporation did not substantially comply with the requirements of...
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10A-5-8.01
Section 10A-5-8.01 Special rules for limited liability companies performing professional services.
REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017. (a) A limited
liability company shall have the power to render professional services if each member or employee
who renders professional services in Alabama is licensed or registered to render those professional
services pursuant to applicable Alabama law and if the limited liability company complies
with the limitations of this section. (b) Every individual who renders professional services
as a member or as an employee of a limited liability company shall be liable for any negligent
or wrongful act or omission in which the individual personally participates to the same extent
the individual would be liable if the individual rendered the services as a sole practitioner.
(c) The personal liability of a member, manager, or other employee of any limited liability
company engaged in providing professional...
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17-11-9
Section 17-11-9 Materials furnished with ballot; delivery of ballot to absentee election manager.
Each prospective absentee voter who meets the requirements of this chapter shall be furnished
with the absentee ballot herein provided for, together with two envelopes for returning his
or her marked ballot and instructions for completing and returning the absentee ballot as
well as instructions for correcting mistakes in completing ballots or obtaining a replacement
ballot. One envelope shall be a plain envelope in which the ballot shall be sealed by the
voter after he or she has marked it. The second envelope shall have the voter's affidavit
printed on the back and shall be large enough to seal the plain ballot envelope inside. The
second envelope shall also be a return mail envelope. Such return mail envelope shall be addressed
on the front to the absentee election manager and shall be endorsed on the left-hand upper
corner thereof as follows: "Absent Voter's Ballot. State, County,...
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