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2-10-93
Section 2-10-93 Organization generally; adoption of bylaws. A majority of the organizing members
named in the articles of incorporation, at a time and place agreed upon in writing by all
the said organizers, or when and where all are present, or upon call of a majority of such
organizers upon five days' notice thereof, in writing, giving the time, place, and purposes
of the meeting, mailed or delivered by hand to all of the other said organizing members, may
make permanent organization of such corporation and adopt bylaws for the same, which bylaws
may thereafter be amended or repealed by the members of such incorporated association in the
manner provided in the bylaws. At such organization meeting, the members of the board of directors
and such officers as provided for in this article and in the bylaws shall be elected. Each
association incorporated under this article shall, within 30 days after its incorporation,
adopt for its government and management bylaws not inconsistent with...
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5-7A-62
Section 5-7A-62 Application to convert charter; written plan of conversion; authorizing resolution;
submission to superintendent; fee; tentative approval; vote of stockholders or members; directors;
articles of incorporation and bylaws; statement of superintendent's objections; amendment;
appeal of disapproval; application to FDIC; final approval and permit. Any savings institution
may apply to the superintendent for permission to convert its charter in order to do business
as a state chartered bank in accordance with the following procedures: (1) The board of directors
shall approve a written plan of conversion, the application for conversion and shall adopt
an authorizing resolution, all by a vote of a majority of all the directors. The plan of conversion
shall include a statement of: a. The proposed organization and management structure of the
resulting bank if the application were approved, and the proposed name under which it would
do business as a bank; b. The method and time...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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13A-9-71
Section 13A-9-71 Registration of charitable organizations, professional fund raisers, and commercial
co-venturers, and professional solicitors; notification of changes; exempt persons; annual
report; prohibition against fund raising by unregistered person; contracts between professional
fund raisers and commercial co-venturers; appointment of Secretary of State as agent for service
of process; use of name of charitable organization without consent; disclosure by solicitors;
violations and penalties; injunctive relief. (a) Every charitable organization, except those
granted an exemption in subsection (f), which is physically located in this state, intends
to solicit contributions in or from this state, or to have contributions solicited in this
state, on its behalf, by other charitable organizations, paid solicitors, or commercial co-venturers
in or from this state shall, prior to any solicitation, file a registration statement with
the Attorney General upon a form prescribed by the...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
16-44-1
Section 16-44-1 Governor authorized to enter into compact; form of compact. The Governor of
the State of Alabama is hereby authorized to enter into the compact for education in the form
substantially as follows: COMPACT FOR EDUCATION Article I. Purpose and Policy. A. It is the
purpose of this compact to: 1. Establish and maintain close cooperation and understanding
among executive, legislative, professional education and lay leadership on a nationwide basis
at the state and local levels. 2. Provide a forum for the discussion, development, crystallization
and recommendation of public policy alternatives in the field of education. 3. Provide a clearinghouse
of information on matters relating to educational problems and how they are being met in different
places throughout the nation. 4. Facilitate the improvement of state and local educational
systems. B. It is the policy of this compact to encourage and promote local and state initiative
in the development, maintenance, improvement and...
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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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2-10-98
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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2-10-94
Section 2-10-94 Board of directors. The affairs of an association incorporated under this article
shall be conducted, controlled and managed by a board of directors of such number, not to
be less than five, and with such terms of office as may be provided by the bylaws. The said
directors shall be elected by the members or stockholders of the association from their own
number. When a vacancy on the board of directors occurs other than by expiration of term,
the remaining members of the board by a majority vote shall fill the vacancy until the next
regular meeting of the members of the association. An association may provide a fair remuneration
for the time actually spent by its officers and directors in its service. No director, during
his term of office, shall be a party to a contract for profit with the association differing
in any way from the business relations accorded regular members or holders of stock of the
association. (Acts 1935, No. 220, p. 604; Code 1940, T. 2, ยง118; Acts...
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2-10-101
Section 2-10-101 How federation organized and managed. Five or more associations or corporations
organized under this article, or whose purposes and operations are in any way promotive of,
and not inconsistent with, the purposes of this article, whether incorporated under this article
or not, may organize and incorporate a federation with such incorporated associations as members
thereof, such incorporated federation to be managed by a board of directors to be composed
of representatives of such constituent member associations. The articles of association and
incorporation for such federation shall contain the names of the constituent member associations,
and the signatures thereto shall be those of an executive officer of each of the constituent
associations. The other procedure and details of incorporation shall be the same as provided
in this article for the incorporation of the constituent incorporated associations, and the
organization meeting and adoption of bylaws shall be by...
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