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2-10-60
Section 2-10-60 Selection of directors; contracts with association; vacancies. The affairs
of an association shall be managed by a board of not less than five directors, elected by
the members or stockholders from their own number. The bylaws may provide that the territory
in which the association has members shall be divided into districts and that the directors
shall be elected according to such districts. In such case, the bylaws shall specify the number
of directors to be elected by each district and the manner and method of reapportioning the
directors and redistricting the territory covered by the association. The bylaws may provide
that primary elections shall be held in each district to elect the directors apportioned to
such districts and the results of all such primary elections must be ratified by the next
regular meeting of the association. The bylaws may provide that one or more directors may
be appointed by the Commissioner of Agriculture and Industries, the President of...
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22-21-316
Section 22-21-316 Board of directors; qualifications; election or appointment; terms; vacancies;
reimbursement for expenses; quorum; regular, special and called meetings; waiver of notice;
record of proceedings; use as evidence; removal from office. (a) Each authority shall have
a board of directors composed of the number of directors provided in the certificate of incorporation,
as most recently amended. Unless provided to the contrary in its certificate of incorporation,
all powers of the authority shall be exercised, and the authority shall be governed, by the
board or pursuant to its authorization. Subject to the provisions of subdivision (9) of subsection
(b) of Section 22-21-314, the board shall consist of directors having such qualifications,
being elected or appointed by such person or persons (including, without limitation, the board
itself, the governing body or bodies of one or more authorizing subdivisions or other counties
and municipalities, and other entities or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-316.htm - 4K - Match Info - Similar pages
16-44A-3
Section 16-44A-3 Frequency and purpose of membership meetings. (a) The compact membership shall
meet annually for the purpose of transacting the following business: (1) Hear reports and
make recommendations to the board of directors regarding the compact and its progress in meeting
its purposes. (2) Set annual membership dues, and create additional associate, non-voting
membership categories. (3) Elect officers and a board of directors. (4) Adopt necessary bylaws
consistent with this article. (5) Adopt modifications to this compact, which shall become
effective only by consent of the Legislature by joint resolution. (b) The first annual compact
membership meeting for the transaction of the above business shall be held on Constitution
Day, September 17, 1994, and annually thereafter on a date fixed by the compact membership.
Special meetings of the compact may be called by the board of directors with notice as provided
in the bylaws. A quorum shall consist of a majority of the member...
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34-8-24
Section 34-8-24 Meetings; quorum. The board shall have four regular meetings in each year,
one in January, one in April, one in July, and one in October, for the purpose of transacting
business which may properly come before it, and as many special or adjourned meetings as the
board may deem necessary, on call of the chair of the board. Special or adjourned meetings
may be held at the time the board provides in the bylaws or at a time the board may provide
by reasonable resolution. Due notice of each regular meeting and the time and place thereof
shall be given to each member by mail at least one week prior to the meeting. Three members
of the board shall constitute a quorum. (Acts 1935, No. 297, p. 721, §6; Code 1940, T. 46,
§70; Acts 1959, No. 571, p. 1429, §1; Acts 1986, No. 86-557, p. 1133, §3; Acts 1996, No.
96-640, p. 1013, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-8-24.htm - 1K - Match Info - Similar pages
24-1A-4
Section 24-1A-4 Members, officers and directors; appointment; qualifications; meetings of board
and public notice thereof; salaries; record of proceedings; copies of proceedings as evidence;
permanent maintenance of official record; members, officers, etc., not personally liable;
legislative oversight committee established; composition; appointment; expenses. (a) The applicants
named in the application, being the seven initial appointees of the Governor by congressional
districts, the Director of Finance ex officio and the Superintendent of Banks ex officio,
and their respective successors in office, together with the State Treasurer ex officio, an
appointee of the Governor from the state at large and the appointees of the Speaker of the
House and the Lieutenant Governor, and their respective successors in office, shall constitute
the members of the authority. The Governor shall, as soon as convenient after the passage
of this chapter, appoint one person from each of the now existing...
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27-44-9
Section 27-44-9 Assessments. (a) For the purpose of providing the funds necessary to carry
out the powers and duties of the association, the board of directors shall assess the member
insurers, separately for each account, at such time and for such amounts as the board finds
necessary. Assessments shall be due not less than 30 days after prior written notice to the
member insurers and shall accrue interest at six percent per annum on and after the due date.
(b) There shall be two classes of assessments, as follows: (1) Class A assessments shall be
authorized and called for the purpose of meeting administrative and legal costs and other
expenses. Class A assessment may be authorized and called whether or not related to a particular
impaired or insolvent insurer. (2) Class B assessments shall be authorized and called to the
extent necessary to carry out the powers and duties of the association under Section 27-44-8
with regard to an impaired or insolvent insurer. (c)(1) The amount of a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-44-9.htm - 8K - Match Info - Similar pages
5-17-21
Section 5-17-21 Voluntary dissolution. (a) Unless otherwise provided in the bylaws of the credit
union, the membership of the credit union may elect to dissolve the credit union upon an affirmative
vote of two thirds of the members of the credit union who participate in the vote. (b) The
vote to voluntarily dissolve a credit union shall be taken at a meeting held for that purpose.
Voting by mail ballot shall be permitted. Notice of the meeting must state that the purpose
of the meeting is to vote on the voluntary dissolution of the credit union and must be mailed
to the last known address of each member of the credit union at least 30 calendar days prior
to the date of the meeting. The notice, at a minimum, shall also contain all of the following
information: (1) A general description of the implications of the dissolution process on the
deposit shares of members. (2) A general description of the implications of the dissolution
process on members who have borrowings with the credit...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-21.htm - 2K - Match Info - Similar pages
11-61A-7
Section 11-61A-7 Board of directors. (a) The authority shall be governed by a board of directors
of seven members. The board shall be elected by the governing body of the municipality. Each
member of the board shall be a qualified elector of the municipality. No elected official
of the state, of a county, or a municipality shall, while holding office, be eligible to serve
as a director. The directorships shall be numbered one to seven, inclusive. The initial term
for directorships one and two shall be two years. The initial term for directorships three
and four shall be three years. The initial term for directorships five, six, and seven shall
be four years. The initial terms shall commence April 1, 1994. All subsequent terms of directorships
shall be for four years. (b) If a directorship is vacant, a successor shall be elected by
the governing body to serve the remainder of the unexpired term. Directors shall be eligible
for reelection. (c) A majority of the members of the board of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-61A-7.htm - 3K - Match Info - Similar pages
45-17-91.24
Section 45-17-91.24 Public meetings; notices of meetings; public records. (a) The committee
shall be deemed a governmental body, as that term is defined in Section 36-25A-2. Meetings
of the committee shall be held and conducted in accordance with applicable provisions of the
Alabama Open Meetings Act, Chapter 25A of Title 36. (b) Notice of each meeting of the committee
shall be posted at the courthouse of each of the counties, not less than 24 hours prior to
the hour fixed for such meeting. In addition, notice of each such meeting shall be given to
each member of the committee, at such time or times prior thereto, and by such method or methods,
whether by United States mail, private delivery service, electronic mail, telephone, facsimile,
or other method reasonably likely to provide such notice, as the bylaws of the committee may
require. Whenever any such notice is required to be so given, a waiver thereof in writing,
signed, whether before or after such meeting, by the person or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-17-91.24.htm - 5K - Match Info - Similar pages
11-86A-10
Section 11-86A-10 Members of the board of directors; terms; meetings; removal from office.
(a) Except as provided in Section 11-86A-6, the board of directors shall be composed of the
number of directors provided for in the articles, appointed as provided in the articles for
the terms designated therein. (b) All directors shall serve until their successors are appointed
or until they cease to be qualified. Vacancies on the board of directors shall be filled as
provided for in the articles, but any person appointed to fill a vacancy shall serve only
for the unexpired portion of the term. In the event any uncertainty arises as to the terms
of office of a director, the governing body or person authorized to appoint a director to
the board of directors may clarify the term by adoption of an appropriate resolution or by
execution of an appropriate certificate. (c) A majority of the directors shall constitute
a quorum for the transaction of business, but any meeting of the board of directors...
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