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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 REPEALED IN THE 2019 REGULAR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...
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11-60-15
Section 11-60-15 Authority and procedure for dissolution of corporations; vesting of title
to funds and properties thereof in municipalities upon dissolution. Whenever the board of
directors of the corporation shall by resolution determine that the purposes for which the
corporation was formed have been substantially complied with and all bonds theretofore issued
and all obligations theretofore incurred by the corporation have been fully paid, the then
members of the board of directors of the corporation shall thereupon execute and file for
record in the office of the judge of probate of the county in which the corporation is organized
a certificate of dissolution reciting such facts and declaring the corporation to be dissolved.
Such certificate of dissolution shall be executed under the corporate seal of the corporation.
Upon the filing of such certificate of dissolution, the corporation shall stand dissolved,
the title to all funds and properties owned by it at the time of such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-60-15.htm - 1K - Match Info - Similar pages
11-89C-4
Section 11-89C-4 Powers of public corporation; requirements for development or adoption of
rules, procedures, ordinances, etc. (a) When expressly required to comply with storm water
laws, any public corporation created pursuant to this chapter shall have the following powers:
(1) To establish, maintain, and operate an organizational structure pursuant to this chapter,
its original or amended certification, and its bylaws or other rules of procedure, that will
enable it to implement the storm water laws for and on behalf of any governing body that exercises
the option to participate in or with a public corporation, provided that no new or greater
authorities or powers other than those specifically granted to the governing bodies are conferred
upon any public corporation formed pursuant to this chapter. Except for the authority provided
in subdivision (20), authority to enforce the storm water laws is retained wholly and exclusively
to the governing bodies and may not be further...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89C-4.htm - 10K - Match Info - Similar pages
10A-2-14.04
Section 10A-2-14.04 Revocation 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 corporation
may revoke its dissolution within 120 days of its effective date. (b) Revocation of dissolution
must be authorized in the same manner as the dissolution was authorized unless that authorization
permitted revocation by action of the board of directors alone, in which event the board of
directors may revoke without shareholder action. (c) After the revocation of dissolution is
authorized, the corporation may revoke the dissolution by delivering to the judge of probate
for filing articles of revocation of dissolution, together with a copy of its articles of
dissolution, that set forth: (1) The name of the corporation; (2) The effective date of the
dissolution that was revoked; (3) The date that the revocation of dissolution was authorized;
(4) If the corporation's board of directors (or incorporators)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-14.04.htm - 2K - Match Info - Similar pages
11-89C-7
Section 11-89C-7 Public corporation to be nonprofit; dissolution. Any public corporation shall
be a nonprofit corporation, and no part of its net earnings shall inure to the benefit of
any individual, firm, or corporation. In the event of dissolution of a public corporation,
if the board of directors of the public corporation determines that sufficient provision has
been made for the full payment of the expenses and other obligations, then any net earnings
thereafter existing shall be paid to the member governing bodies of the public corporation
provided, such amounts so paid out shall only be used by the member governing bodies for storm
water purposes and no other purpose. (Acts 1995, No. 95-775, p. 1835, §7.)...
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12-8-1
Section 12-8-1 Creation; composition; designation of members. A Judicial Conference for the
State of Alabama is hereby created, which shall consist of: The Chief Justice of the Supreme
Court of Alabama and two associate justices of such court, designated by the Chief Justice;
a member of the Court of Criminal Appeals, designated by the presiding judge of that court;
a member of the Court of Civil Appeals, designated by the presiding judge of that court; three
circuit judges of the state, designated by the president of the association of circuit judges;
three lawyers, who are members in good standing of the Alabama State Bar, designated by the
president of the Alabama State Bar; one probate judge, designated by the president of the
association of probate judges; and, subsequent to establishment of the district courts of
Alabama, two district court judges, designated by the president of the association of district
judges, and two municipal court judges, designated by the president of the...
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27-27-21
Section 27-27-21 Domestic mutual insurers - Membership. (a) Each policyholder of a domestic
mutual insurer, other than of a reinsurance contract, is a member of the insurer with all
rights and obligations of such membership, and the policy shall so specify. (b) Any individual,
or firm or any public or private corporation, board, or association in this state, or elsewhere,
may make application, enter into agreements for, and hold policies in any such mutual insurer.
Any officer, stockholder, trustee, or local representative of any such corporation, board,
association, or estate may be recognized as acting for, or on its behalf for, the purpose
of such membership, but shall not be personally liable upon such contract of insurance by
reason of acting in such representative capacity. The right of any corporation organized under
the laws of this state to participate as a member of any such insurer is declared to be incidental
to the purpose for which the corporation is organized and as much...
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34-8B-4
Section 34-8B-4 Alabama Board of Court Reporting - Creation; composition; meetings; compensation.
(a) There is created the Alabama Board of Court Reporting. The board shall be operative within
60 days of June 1, 2006. ACRA shall provide administrative support to the board until such
time as the board employs sufficient employees to implement and administer this chapter. (b)
The board shall consist of seven members as follows: (1) Four court reporters certified by
ABCR, NCRA, NVRA, or by the board, two of whom shall be employed in official capacities and
two of whom shall be employed in a freelance setting. (2) Two members in good standing with
the Alabama State Bar Association. (3) One additional member. (c) Appointments to the board
shall be made as follows: (1) The Governor shall appoint one official court reporter, one
freelance court reporter, and one member of the Alabama State Bar Association. ACRA, NCRA,
NVRA, and the Alabama State Bar Association shall respectively submit a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-8B-4.htm - 4K - Match Info - Similar pages
36-31-1
Section 36-31-1 Designation and prescription of powers and duties of trustees. Each governing
body in the State of Alabama including the council, commission or similar governing body of
each municipal corporation, the board of directors of each incorporated municipal board, the
county commission of each county, the board of education of each city, the board of education
of each county, the board of directors of each county or municipal hospital, each gas district,
any other county or municipal public corporation, agency or authority and the board of trustees,
board of managers, board of control or similar governing body of each state agency or institution
of education, learning, training or correction or for the delinquent, insane, sick, deaf,
dumb, blind, needy, juvenile or aged, now existing or established after September 16, 1963,
may designate a bank (whether a national bank or banking association or a banking or trust
company operating under the jurisdiction of the Superintendent...
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10A-2-14.33
Section 10A-2-14.33 Decree 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) If after a hearing
the court determines that one or more grounds for judicial dissolution described in Section
10A-2-14.30 exist, it may enter a decree dissolving the corporation and specifying the effective
date of the dissolution, and the clerk of the court shall deliver a certified copy of the
decree to the judge of probate, who shall file it. (b) After entering the decree of dissolution,
the court shall direct the winding up and liquidation of the corporation's business and affairs
in accordance with Section 10A-2-14.05 and the notification of claimants in accordance with
Sections 10A-1-9.21 and 10A-1-9.22. (Acts 1994, No. 94-245, p. 343, §1; §10-2B-14.33; amended
and renumbered by Act 2009-513, p. 967, §149.)...
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