10A-2-7.32
Section 10A-2-7.32 Shareholder agreements. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) An agreement among the shareholders of a corporation that complies with this section is effective among the shareholders and the corporation even though it is inconsistent with one or more provisions of this chapter in that it: (1) Eliminates the authority of the board of directors or restricts the discretion or powers of the board of directors; (2) Governs the authorization or making of distributions whether or not in proportion to ownership of shares, subject to the limitations in Section 10A-2-6.40; (3) Establishes who shall be directors or officers of the corporation, or their terms of office or manner of selection or removal; (4) Governs, in general or in regard to specific matters, the exercise or division of voting power by or between the shareholders and directors or by or among any of them, including use of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-7.32.htm - 5K - Match Info - Similar pages
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 REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020.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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-14.22.htm - 2K - Match Info - Similar pages
10A-2-8.44
Section 10A-2-8.44 Contract rights of officers. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) The appointment of an officer does not itself create contract rights. (b) An officer's removal does not affect the officer's contract rights, if any, with the corporation. An officer's resignation does not affect the officer's contract rights, if any, with the corporation. (Acts 1994, No. 94-245, p. 343, §1; §10-2B-8.44; amended and renumbered by Act 2009-513, p. 967, §122.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-8.44.htm - 891 bytes - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-14.05.htm - 2K - Match Info - Similar pages
10A-2-14.34
Section 10A-2-14.34 Election to purchase in lieu 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) In a proceeding under Section 10A-2-14.30(2) to dissolve a corporation that has no shares listed on a national securities exchange or regularly traded in a market maintained by one or more members of a national or affiliated securities association, the corporation may elect or, if it fails to elect, one or more shareholders may elect to purchase all shares owned by the petitioning shareholder at the fair value of the shares. An election pursuant to this section shall be irrevocable unless the court determines that it is equitable to set aside or modify the election. (b) An election to purchase pursuant to this section may be filed with the court at any time within 90 days after the filing of the petition under Section 10A-2-14.30(2) or at a later time as the court in its discretion may allow. If...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-14.34.htm - 6K - Match Info - Similar pages
30-2-30
Section 30-2-30 Grounds. Repealed by Act 98-105, effective January 1, 1999. (Code 1852, §1979; Code 1867, §2368; Code 1876, §2702; Code 1886, §2339; Code 1896, §1502; Code 1907, §3809; Code 1923, §7423; Code 1940, T. 34, §36.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/30-2-30.htm - 567 bytes - Match Info - Similar pages
19-3-191
Section 19-3-191 Petition to obtain removal; notice. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1876, §3745; Code 1886, §3561; Code 1896, §4180; Code 1907, §6082; Code 1923, §10419; Code 1940, T. 58, §61.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3-191.htm - 570 bytes - Match Info - Similar pages
36-20-2
Section 36-20-2 Vacation of office by removal from county. Repealed by Act 2011-295, p. 544, §2, effective January 1, 2012. (Code 1852, §855; Code 1867, §1081; Code 1876, §§1326, 1327; Code 1886, §1103; Code 1896, §3023; Code 1907, §5164; Code 1923, §9240; Code 1940, T. 40, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-20-2.htm - 630 bytes - Match Info - Similar pages
14-6-62
Section 14-6-62 Payment of expenses of removal. Repealed by Act 2015-70 effective April 21, 2015. (Acts 1915, No. 387, p. 354; Code 1923, §4839; Code 1940, T. 45, §157.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-6-62.htm - 480 bytes - Match Info - Similar pages
16-24-8
Section 16-24-8 Cancellation of contracts - Grounds. Repealed by Act 2011-270, p. 494, §14, effective July 1, 2011. (Acts 1939, No. 499, p. 759, 6; Code 1940, T. 52, §358; Acts 1953, No. 773, p. 1040, §1; Act 2000-733, p. 1588, §9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-24-8.htm - 553 bytes - Match Info - Similar pages
|