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45-28A-42.54
Section 45-28A-42.54 Management and control of retirement fund. (a) The board of trustees
of the policemen's and firemen's retirement fund is hereby declared to be the trustee of the
policemen's and firemen's retirement fund and shall have the exclusive management and control
thereof, and all matters legitimately connected therewith. The board of trustees shall have
the power to recommend such rules and regulations as may be necessary to enable it to effectively
and properly to carry into execution the purposes for which it was organized and created,
and to enable it properly to manage and conduct the business entrusted to it, provided such
rules and regulations shall in no way contravene this subpart; and provided further that such
rules and regulations so recommended shall not become effective until written notice of such
recommendations is posted in all police and fire stations of the city, and after 10 days'
notice thereof, an election is held in each of the departments, in which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-28A-42.54.htm - 6K - Match Info - Similar pages
8-20A-3
Section 8-20A-3 Cause of action against manufacturer. (a) A consumer sustaining damages
as a proximate consequence of the failure by a manufacturer to perform its obligations imposed
under this chapter may bring a civil action against the manufacturer to enforce the provisions
of this chapter. Prior to the commencement of any such proceeding a consumer must give notice
of a nonconforming condition by certified United States mail to the manufacturer and demand
correction or repair of the nonconforming condition. If at the time such notice of a nonconforming
condition is given to the manufacturer, a presumption has arisen that reasonable attempts
to correct a nonconforming condition have been allowed, the manufacturer shall be given a
final opportunity to cure the nonconforming condition. The manufacturer shall within seven
calendar days of receiving the written notice of nonconforming condition notify the consumer
of a reasonably accessible repair facility. After delivery of the new...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-20A-3.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 REPEALED IN THE 2019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
22-29-10
Section 22-29-10 Bonds - Presumption of validity; contest of validity. Each authorizing
resolution or an indenture of trust provided for therein shall contain a recital that the
bonds therein authorized are issued pursuant to the provisions of this chapter, which recital
shall be conclusive evidence that said bonds have been duly authorized pursuant to the provisions
of this chapter, notwithstanding the provisions of any other law now in force or hereafter
enacted or amended. Upon the passage of any authorizing resolution, the authority may, in
its discretion, cause to be published once in each of two consecutive weeks in a newspaper
published and having general circulation in the City of Montgomery, Alabama, a notice in substantially
the following form (the blanks being properly filled in): "Alabama Pollution Control
Finance Authority, an agency of the State of Alabama, on the _____ day of _____, 20__, adopted
a resolution providing for the issuance of $_____ principal amount of bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-29-10.htm - 2K - Match Info - Similar pages
27-38-1
Section 27-38-1 Establishment of separate accounts by life insurers to provide for life
insurance or annuities and benefits incidental thereto. A life insurer organized under the
laws of this state may, by or pursuant to a resolution of its board of directors, establish
one or more separate accounts and may allocate thereto amounts, including without limitation
proceeds applied under optional modes of settlement or under dividend options, to provide
for life insurance or annuities, and benefits incidental thereto, payable in fixed or variable
amounts or both, subject to the following: (1) The income, gains, and losses, realized or
unrealized, from assets allocated to a separate account shall be credited to, or charged against,
the account, without regard to other income, gains, or losses of the insurer; (2) Except as
provided in this section, amounts allocated to any separate account, and accumulations
thereon, may be invested and reinvested without regard to any requirements or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-38-1.htm - 6K - Match Info - Similar pages
32-6-19
Section 32-6-19 Penalties - Violation by person whose license or driving privilege has
been cancelled, etc.; impoundment of vehicle. (a)(1) Any person whose driver's or chauffeur's
license issued in this or another state or whose driving privilege as a nonresident has been
cancelled, denied, suspended, or revoked as provided in this article and who drives any motor
vehicle upon the highways of this state while his or her license or privilege is cancelled,
denied, suspended, or revoked shall be guilty of a misdemeanor and upon conviction shall be
punished by a fine of not less than one hundred dollars ($100) nor more than five hundred
dollars ($500), and in addition thereto may be imprisoned for not more than 180 days. In addition
to all fines, fees, costs, and punishments prescribed by law, there shall be imposed or assessed
an additional penalty of fifty dollars ($50) to be placed in the Traffic Safety Trust Fund
and the Peace Officers Standards and Training Fund. Also, at the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-6-19.htm - 4K - Match Info - Similar pages
39-1-1
Section 39-1-1 Bonds required of persons contracting for public works; commencement,
etc., of actions upon bond by persons supplying labor, etc., to contractor; offer to accept
judgment; notice of completion of project by contractor and final settlement; applicability.
(a) Any person entering into a contract with an awarding authority in this state for the prosecution
of any public works shall, before commencing the work, execute a performance bond, with penalty
equal to 100 percent of the amount of the contract price. In addition, another bond, payable
to the awarding authority letting the contract, shall be executed in an amount not less than
50 percent of the contract price, with the obligation that the contractor or contractors shall
promptly make payments to all persons supplying labor, materials, or supplies for or in the
prosecution of the work provided in the contract and for the payment of reasonable attorneys'
fees incurred by successful claimants or plaintiffs in civil...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-1-1.htm - 6K - Match Info - Similar pages
40-29-90
Section 40-29-90 Jeopardy assessment - For income tax. (a) Termination of taxable period.
If the commissioner or his delegate finds that a taxpayer designs quickly to depart from the
State of Alabama or to remove his property therein, or to do any other act tending to prejudice
or to render wholly or partly ineffectual proceedings to collect the income tax for the current
or the preceding taxable year unless such proceedings be brought without delay, the commissioner
or his delegate shall declare the taxable period for such taxpayer immediately terminated,
and shall cause notice of such finding and declaration to be given the taxpayer, together
with a demand for immediate payment of the tax for the taxable period so declared terminated
and of the tax for the preceding taxable year or so much of such tax as is unpaid, whether
or not the time otherwise allowed by law for filing return and paying the tax has expired;
and such taxes shall thereupon become immediately due and payable. In...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-29-90.htm - 4K - Match Info - Similar pages
10A-2A-14.14
Section 10A-2A-14.14 Election to purchase in lieu of dissolution. (a) In a proceeding
under Section 10A-2A-14.10(a)(2) to dissolve a corporation, the corporation may elect
or, if it fails to elect, one or more stockholders may elect to purchase all stock owned by
the petitioning stockholder at the fair value of the stock. 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-2A-14.10(a)(2) or at a later time as the court in its discretion may allow. If the election
to purchase is filed by one or more stockholders, the corporation shall, within 10 days thereafter,
give written notice to all stockholders, other than the petitioner. The notice must state
the name and number of shares of stock owned by the petitioner and the name and number of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-14.14.htm - 5K - Match Info - Similar pages
10A-5-6.06
Section 10A-5-6.06 Cessation of membership. REPEALED IN THE 2014 REGULAR SESSION BY
ACT 2014-144 EFFECTIVE JANUARY 1, 2017. (a) A person ceases to be a member of a limited liability
company upon the occurrence of one or more of the following events: (1) The member ceases
to be a member by voluntary act as provided in subsection (d). (2) The member ceases to be
a member of the limited liability company as provided in Section 10A-5-6.03. (3) The
member is removed as a member in either of the following manners: a. In accordance with the
operating agreement. b. Subject to contrary provisions in the operating agreement, when the
member assigns all of the member's interest in the limited liability company, by an affirmative
vote of a majority in number of the members who have not assigned their interests. (b) Subject
to contrary provisions in the operating agreement, or written consent of all members at the
time, a person ceases to be a member upon the occurrence of one or more of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-5-6.06.htm - 6K - Match Info - Similar pages
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