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2-10-69
Section 2-10-69 Association may form, own or control another corporation. The association
may organize, form, operate, own, control, have an interest in, own stock of or be a member
of any other corporation or corporations, with or without capital stock, engaged in preserving,
drying, processing, canning, packing, storing, handling, shipping, ginning, utilizing, manufacturing,
marketing or selling the agricultural products handled by the association or the by-products
thereof. (Acts 1921, Ex. Sess., No. 31, p. 38; Code 1923, §7148; Code 1940, T. 2, §106.)...
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10A-20-7.04
Section 10A-20-7.04 Powers of corporation. In furtherance of its purposes and in addition
to the powers now or hereafter conferred on business corporations by Alabama statutes, the
corporation shall, subject to the restrictions and limitations contained in this section,
have the following powers: (1) To elect, appoint, and employ officers, agents, and employees
to make contracts and incur liabilities for any of the purposes of the corporation; provided,
that the corporation shall not incur any secondary liability by way of guaranty or endorsement
of the obligations of any person, firm, corporation, joint stock company, association, or
trust or in any other manner. (2) To borrow money from its members and the small business
administration and any other similar federal agency for any of the purposes of the corporation,
to issue therefor its bonds, debentures, notes, or other evidences of indebtedness, whether
secured or unsecured, and to secure the same by mortgage, pledge, deed of...
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2-10-98
Section 2-10-98 Organization with capital stock. Incorporated associations may be organized
under this article with capital stock at the option of the organizers. In that event the association
shall be organized by the same method and for the same recording fee as in the case of those
associations organized without capital stock, except that the articles of association shall
set forth also that the association is organized with capital stock and the amount of capital
stock authorized with particulars as to the class or classes thereof and the par value of
shares. There shall be no individual liability on the part of shareholders, members, officers
or directors for the obligations of the corporation. The articles of association may provide
for preferred stock as well as common stock, but all shares shall have a definite par value,
and all shares of the same class shall have the same par value. If so divided, the articles
of incorporation must contain a statement of the number of shares...
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8-22-4
Section 8-22-4 Definitions. The following terms shall have the meanings ascribed to
them in this section unless otherwise stated and unless the context or subject matter
clearly indicates otherwise: (1) PERSON. Any person, firm, association, organization, partnership,
business trust, joint stock company, company, corporation, or legal entity. (2) MOTOR FUEL.
Those products upon which the state excise tax levied, or defined, in Sections 40-17-1 through
40-17-52 and 40-17-170, as amended, is imposed. (3) WHOLESALER. Includes any person qualified
as a wholesaler of motor fuel with the state Revenue Commissioner, and shall also mean and
include any person, other than a buying pool defined herein, wherever resident or located,
who brings or causes to be brought into this state motor fuel purchased directly from the
manufacturer thereof. (4) WHOLESALE DISTRIBUTION. Any person, or the act of any person, including
any affiliate of such person, in commerce within the state, who purchases motor...
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2-10-58
Section 2-10-58 Provisions of bylaws. Each association incorporated under this article
shall, within 30 days after its incorporation, adopt for its government and management bylaws
not inconsistent with the powers granted by this article. A majority vote of the members or
stockholders or their written assent is necessary to adopt such bylaws. Each association,
under its bylaws, may also provide for any or all of the following matters: (1) The time,
place and manner of calling and conducting its meetings; (2) The number of stockholders or
members constituting a quorum; (3) The right of members or stockholders to vote by proxy or
by mail or by both and the conditions, manner, form and effects of such votes; (4) The number
of directors constituting a quorum; (5) The qualification, compensation, duties and term of
office of directors and officers, the time of their election and the mode and manner of giving
notice thereof; (6) Penalties for violations of the bylaws; (7) The amount of...
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2-13-112
Section 2-13-112 Definitions. The following terms shall have the following meanings
unless the context shall provide otherwise: (1) STATE. The State of Alabama; (2) MILK. Any
class of cow's milk produced in the state; (3) DAIRY PRODUCTS. Products manufactured for human
consumption which are derived from the processing of milk and includes fluid milk products;
(4) FLUID MILK PRODUCTS. Those dairy products normally consumed in liquid form; (5) PERSON.
Any individual, group of individuals, partnership, corporation, association, cooperative association,
or any other entity; (6) PRODUCERS. Any person engaged in the production of milk for commercial
use; (7) PROMOTION. Actions such as paid advertising, sales promotion and publicity to advance
the image and sales of and demand for dairy products; (8) NUTRITION EDUCATION. Those activities
intended to broaden the understanding of sound nutritional principle including the role of
milk and dairy products in a balanced diet; (9) STATE ADA. The...
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27-44-3
Section 27-44-3 Scope of chapter. (a) This chapter shall provide coverage for the policies
and contracts specified in subsection (b) as follows: (1) To persons who, regardless of where
they reside (except for non-resident certificate holders under group policies or contracts),
are the beneficiaries, assignees, or payees of the persons covered under subdivision (2).
(2) To persons who are owners of or certificate holders under the policies or contracts, other
than structured settlement annuities, and in each case who are either of the following: a.
Residents b. Not residents, but only under all of the following conditions: 1. The insurer
that issued the policies or contracts is domiciled in this state. 2. The states in which the
persons reside have associations similar to the association created by this chapter. 3. The
persons are not eligible for coverage by an association in any other state due to the fact
the insurer was not licensed in the state at the time specified in the state's...
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27-44-5
Section 27-44-5 Definitions. As used in this chapter, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
ACCOUNT. Either of the three accounts created under Section 27-44-6. (2) ASSOCIATION.
The Alabama Life and Disability Insurance Guaranty Association created under Section
27-44-6. (3) AUTHORIZED ASSESSMENT or the term AUTHORIZED when used in the context of assessments.
A resolution by the board of directors has been passed whereby an assessment will be called
immediately or in the future from member insurers for a specified amount. An assessment is
authorized when the resolution is passed. (4) BENEFIT PLAN. A specific employee, union, or
association of natural persons benefit plan. (5) CALLED ASSESSMENT or the term CALLED when
used in the context of assessments. A notice that has been issued by the association to member
insurers requiring that an authorized assessment be paid within the time frame set forth within...
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27-31B-2
Section 27-31B-2 Definitions. As used in this chapter, the following terms shall have
the following meanings, unless the context clearly indicates otherwise: (1) AFFILIATED COMPANY.
Any company in the same corporate system as a parent, an industrial insured, or a member organization
by virtue of common ownership, control, operation, or management. (2) ALIEN CAPTIVE INSURANCE
COMPANY. Any insurance company formed to write insurance business for its parents and affiliates
and licensed pursuant to the laws of an alien jurisdiction which imposes statutory or regulatory
standards in a form acceptable to the commissioner on companies transacting the business of
insurance in that jurisdiction. (3) ASSOCIATION. Any legal association of individuals, corporations,
limited liability companies, partnerships, associations, or other entities whereby either
of the following exists: a. The member organizations of which, or the association itself,
whether or not in conjunction with some or all of the...
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16-36-71
Section 16-36-71 Qualified depository for textbooks. (a) A qualified depository of textbooks
shall be responsible for receiving textbook orders from the State Board of Education or local
boards of education, storing sufficient quantities of textbooks, and distributing textbooks
in accordance with this article. (b) A qualified depository shall do all of the following:
(1) Have sufficient warehouse space to maintain sufficient stock. (2) Be located within the
state. (3) Have the financial capacity to provide steady and continuous operations upon which
the State Board of Education and local boards of education can rely. The financial capacity
may be maintained in a qualified depository or in another member of the same Alabama affiliated
group, as that term is defined in Section 40-18-39. (c) For the services provided herein,
a qualified depository may not charge the State Board of Education or a local board of education,
but rather shall sell the textbooks in accordance with the prices...
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