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35-8A-308
Section 35-8A-308 Meetings. A meeting of the association must be held at least once each year.
Special meetings of the association may be called by the president, a majority of the board
or by unit owners having 20 percent, or any lower percentage specified in the bylaws, of the
votes in the association. Not less than 10 nor more than 60 days in advance of any meeting,
the secretary or other officer specified in the bylaws shall cause notice to be hand-delivered
or sent prepaid by United States mail to the mailing address of each unit or to any other
mailing address designated in writing by the unit owner. The notice of any meeting must state
the time and place of the meeting and the items on the agenda, including the general nature
of any proposed amendment to the declaration or bylaws, any budget changes, and any proposal
to remove an officer or a member of the board. (Acts 1990, No. 90-551, p. 858, §3-108.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-8A-308.htm - 1K - Match Info - Similar pages
41-10-86
Section 41-10-86 Amendment of certificate of incorporation. The certificate of incorporation
may at any time and from time to time be amended so as to make any change therein and add
any provision thereto which might have been included in the certificate of incorporation in
the first instance. Any such amendment shall be effected in the following manner: The members
of the board of directors of the corporation shall file with the governing body an application
in writing seeking permission to amend the certificate of incorporation, specifying in such
application the amendment proposed to be made. Such governing body shall consider such application
and, if it shall by appropriate resolution duly find and determine that it is wise, expedient,
necessary or advisable that the proposed amendment be made and shall authorize the same to
be made and shall approve the form of the proposed amendment, then the persons making such
application shall execute an instrument embodying the amendment...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-86.htm - 2K - Match Info - Similar pages
41-14A-6
Section 41-14A-6 Establishment of SAFE board of directors; powers and duties of the board of
directors. (a) There is hereby established a Board of Directors of the SAFE Program charged
with responsibility and authority to assess and manage the sufficiency of the collateral pool
and the SAFE Program to provide adequate protection from losses to public depositors. In exercising
its powers and performing its responsibilities, the board of directors shall constitute a
body politic under the laws of the state performing the public function of assuring the safety
of public deposits. (b) The State Treasurer shall be a permanent, standing, voting member
of the board of directors and shall serve as its chair. The Superintendent of Banks shall
be a permanent, standing, non-voting member of the board of directors. The remaining six members
shall each possess knowledge, skill, and experience in one or more of the following areas:
(1) Financial analysis. (2) Trend analysis. (3) Accounting. (4)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-14A-6.htm - 12K - Match Info - Similar pages
45-16-242.23
Section 45-16-242.23 Disposition of funds. (a) The proceeds from the tax hereby authorized,
less the actual cost of collection not to exceed five per centum, shall be paid by the State
Department of Revenue to the Coffee County Commission, on a monthly basis. Five percent of
the revenue shall be paid into the county general fund. The remaining funds shall be placed
by the Coffee County Commission into a special account to be used exclusively for county fire
protection purposes. The county commission shall be authorized to enter into a service contract
with the Coffee County firefighters association which represents more than one fire department
to provide fire protection to a part or all of the county. The county commission shall be
authorized to develop criteria which shall be met by the association with which it enters
into contract. The compensation for the contract shall be paid from funds in the special account.
The association may be composed of volunteer fire departments or both...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-16-242.23.htm - 2K - Match Info - Similar pages
45-34-83
Section 45-34-83 Southeast Alabama Human Development Council. (a)(1) In Henry County, the Southeast
Alabama Human Development Council is hereby established as a nonprofit entity. The members
of the council are the juvenile judge, chair of the county commission, sheriff, the members
of the legislative delegation or their designee of Henry County, and two members appointed
at-large by the Board of Directors of the Southeast Alabama Human Development Council. (2)
The term of office of each member, except the at-large members, shall be the same as his or
her elected term of office and the two at-large members shall serve terms to be set by the
board of directors not to exceed four years. A vacancy occurring other than by expiration
of term shall be filled in the same manner as by the original member, for the unexpired term
only. (3) The members of the council shall serve without compensation, but shall be entitled
to reimbursement for all necessary expenses incurred in the performance of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-34-83.htm - 3K - Match Info - Similar pages
5-3A-1
Section 5-3A-1 Required times; items to be examined; applicability to bank holding companies
and affiliates. (a) For purposes of this section, a bank holding company is a holding company
organized under the laws of Alabama or another state in the United States that directly owns
a majority of the voting securities of an Alabama state bank. (b) Every bank other than national
banks shall be subject to the supervision and inspection of the superintendent and the regulations
and supervision thereof. The superintendent shall, by competent examiner appointed by him
or her, visit and examine every bank organized under the laws of Alabama at least once in
each eighteen-month period. The examination of banks shall be at irregular intervals. On every
examination, inquiry shall be made as to the conditions and resources of the bank, the mode
of conducting and managing the affairs of the bank, the action of its directors, the investment
of the funds of the bank, the safety and prudence of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-3A-1.htm - 4K - Match Info - Similar pages
10A-11-1.09
Section 10A-11-1.09 Apportionment, etc., of net earnings or losses. (a) The net earnings or
losses of an employee cooperative shall be apportioned and distributed at such times and in
such manner as the governing documents specify. Net earnings declared as patronage allocations
with respect to a period of time, and paid or credited to members, shall be apportioned among
the members in accordance with the ratio which each member's patronage during the period involved
bears to total patronage by all members during that period. (b) The apportionment, distribution,
and payment of net earnings required by subsection (a) may be in cash, credits, written notices
of allocation, or capital stock issued by the employee cooperative. (Act 97-949, p. 524, §9;
§10-14-9; amended and renumbered by Act 2009-513, p. 967, §312.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-11-1.09.htm - 1K - Match Info - Similar pages
10A-21-2.12
Section 10A-21-2.12 Aiding of another corporation in railroad construction or entering into
line arrangements. (a) Any railroad corporation and any mining, manufacturing, or quarrying
corporation may, at any time, by means of subscription to the capital stock of any other corporation
or company or otherwise, aid the corporation or company in the construction of its railroad
for the purpose of forming a connection with the railroad or the principal place of business
or works of the corporation furnishing the aid. (b) Any corporation may purchase at judicial
sale, or otherwise hold and use or lease any part or all of the railroad constructed by another
corporation or company, together with its franchises, rights, and property, or may acquire,
hold, and use all or any part of the capital stock of another corporation chartered under
the laws of this state or any other state, if the railroad or railroads so purchased connect
with, or will, when completed, connect with the railroad works,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-21-2.12.htm - 2K - Match Info - Similar pages
10A-3-1.02
Section 10A-3-1.02 Definitions. As used in this chapter, the following terms shall have the
following meanings, respectively, unless the context otherwise requires: (1) ARTICLES OF INCORPORATION.
The original or restated articles of incorporation or articles of consolidation and all amendments
thereto, including articles of merger, of a domestic or foreign nonprofit corporation. The
term articles of incorporation of a nonprofit corporation constitutes its certificate of formation
as defined in Section 10A-1-1.03(7). The terms may be used interchangeably. The articles of
incorporation or certificate of formation of a nonprofit corporation, together with its bylaws,
constitute its governing documents within the meaning of Section 10A-1-1.03(40). (2) BOARD
OF DIRECTORS. The group of persons vested with the management of the affairs of the corporation
irrespective of the name by which the group is designated. The board of directors of a nonprofit
corporation is its governing authority as...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-3-1.02.htm - 2K - Match Info - Similar pages
11-22-6
Section 11-22-6 Certificate of incorporation - Amendments. If any corporation formed under
this chapter has accidentally or inadvertently failed to comply with the requirements hereof
in its organization, such omission or defect may be corrected by filing an amendment as provided
in this section. The certificate of incorporation of any corporation formed under this chapter
may also at any time and from time to time be amended so as to make any changes therein and
add any provisions thereto which might have been included in the certificate of incorporation
in the first instance. Any amendment shall be effected in the following manner: The members
of the board of directors of the corporation shall file with the governing body of the county
an application in writing seeking permission to amend the certificate of incorporation, specifying
in such application the amendment proposed to be made. Such governing body shall consider
such application and, if it shall by appropriate resolution...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-22-6.htm - 2K - Match Info - Similar pages
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