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22-21-311
Section 22-21-311 Definitions. (a) The following words and phrases used in this article,
and others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of a county, municipality,
or educational institution, or two or more thereof, in accordance with the provisions of Section
22-21-313. (2) AUTHORITY. A public corporation organized, and any public hospital corporation
reincorporated, pursuant to the provisions hereof. (3) AUTHORIZING RESOLUTION. The resolution
adopted by the governing body of an authorizing subdivision, in accordance with the provisions
of Section 22-21-313 or Section 22-21-341, that authorizes the incorporation
of an authority or the reincorporation of a public hospital corporation. (4) AUTHORIZING SUBDIVISION.
Each county, municipality, and educational institution with...
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28-3-1
Section 28-3-1 Definitions. As used in this title, the following words shall have the
following meanings unless the context clearly indicates otherwise: (1) ALCOHOLIC BEVERAGES.
Any alcoholic, spirituous, vinous, fermented, or other alcoholic beverage, or combination
of liquors and mixed liquor, a part of which is spirituous, vinous, fermented, or otherwise
alcoholic, and all drinks or drinkable liquids, preparations or mixtures intended for beverage
purposes, which contain one-half of one percent or more of alcohol by volume, and shall include
liquor, beer, and wine. (2) ASSOCIATION. A partnership, limited partnership, or any form of
unincorporated enterprise owned by two or more persons. (3) BEER, or MALT OR BREWED BEVERAGES.
Except as otherwise provided in this subdivision, any beer, lager beer, ale, porter, malt
or brewed beverage, or similar fermented malt liquor containing one-half of one percent or
more of alcohol by volume and not in excess of thirteen and nine-tenths percent...
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45-49-90.07
Section 45-49-90.07 Powers of corporation; location of industrial park. (a) The corporation
shall have all of the following powers, together with all powers incidental thereto or necessary
for the performance of those stated in this subsection: (1) To have succession by its corporate
name for the period specified in the certificate of incorporation unless sooner dissolved
as provided in this part. (2) To sue and be sued and to prosecute and defend civil actions
in any court having jurisdiction of the subject matter and of the parties. (3) To have and
to use a corporate seal and to alter the same at pleasure. (4) To acquire, whether by purchase,
construction, exchange, gift, lease or otherwise, improve, maintain, equip, and furnish one
or more industrial parks, including all real and personal properties which the board of directors
of the corporation may deem necessary in connection therewith and regardless of whether or
not any such industrial parks or any part thereof shall then be in...
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5-5A-22
Section 5-5A-22 Limits of indebtedness. (a) No bank shall make a loan to any one person
which, when combined with all other loans to such person, would cause total loans to that
person to exceed: (1) Ten percent of the capital accounts of the bank, if such loans are not
secured, or (2) Twenty percent of the capital accounts of the bank, if loans in excess of
10 percent of capital are fully secured. (b) No loans which would exceed the limitation set
forth in subsection (a)(1) shall be made unless duly authorized or approved in advance by
the board of directors of the bank, a committee of the board of directors of the bank, or
a loan committee, with such authorization or approval recorded in minutes of the meeting at
which the authority was given. (c)(1) As used in this section, the term "capital
accounts" shall include capital, surplus, and undivided profits as defined in Section
5-1A-2, together with obligations of the bank subordinated in priority upon liquidation or
dissolution to...
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8-7A-2
Section 8-7A-2 Definitions. For purposes of this chapter, the following terms shall
have the following meanings: (1) AGENT or AUTHORIZED DELEGATE. Any person designated or employed
by a licensee under this chapter to provide monetary transmission services on behalf of the
licensee. (2) APPLICANT. Any person that files an application for a license under this chapter.
(3) BANK. An institution organized under federal or state law which meets any of the following
requirements: a. Accepts demand deposits or deposits that the depositor may use for payment
to third parties and engages in the business of making loans. b. Engages in credit card operations
and maintains only one office that accepts deposits, does not accept demand deposits or deposits
that a depositor may use for payments to third parties, does not accept a savings or time
deposit less than one hundred thousand dollars ($100,000), and does not engage in the business
of making commercial loans. c. Is a trust company subject to...
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9-6-8
Section 9-6-8 Powers and duties generally. The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time (which may be
in perpetuity) specified in its certificate of incorporation; (2) To maintain civil actions
and have civil actions maintained against it in its corporate name, except as otherwise provided
in this chapter, and to defend civil actions against it; (3) To adopt and make use of a corporate
seal and to alter the same at pleasure; (4) To amend its certificate of incorporation by filing
in the office of the Secretary of State a certificate signed by all of the directors of the
authority setting forth the details of the amendment, such certificate to be acknowledged
in the same manner as the certificate of incorporation; (5) To adopt and alter bylaws for
the regulation and conduct of its affairs and business; (6) To...
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11-88-7.1
Section 11-88-7.1 Additional powers. (a) Any authority organized or operating pursuant
to Chapter 88 of Title 11 shall, in addition to all other powers now or hereafter granted
by law, have the following powers and rights: (1) To borrow money for temporary use for any
of its corporate purposes and, in evidence of such borrowing, to issue from time to time revenue
bonds or notes maturing not later than 36 months from the date of issuance. Any such temporary
borrowing may be made in anticipation of the sale and issuance of long-term revenue bonds,
and in such event, the principal proceeds from the sale of such long-term revenue bonds shall,
to the extent necessary, be used for payment of the principal of and the interest on the temporary
revenue bonds or notes issued in anticipation of the sale and issuance of such long-term revenue
bonds. Any such temporary borrowing may also be made with respect to a project simultaneously
with or after the sale and issuance of long-term revenue bonds...
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11-60-8
Section 11-60-8 Powers of corporations generally; location of projects of corporations.
(a) The corporation shall have the following powers together with all powers incidental thereto
or necessary for the performance of those hereinafter stated: (1) To have succession by its
corporate name for the period specified in the certificate of incorporation unless sooner
dissolved as provided in this chapter; (2) To sue and be sued and to prosecute and defend
civil actions in any court having jurisdiction of the subject matter and of the parties; (3)
To have and to use a corporate seal and to alter the same at pleasure; (4) To acquire, whether
by purchase, construction, exchange, gift, lease, or otherwise to improve, maintain, equip,
furnish, own, and operate one or more projects, including all real and personal properties
which the board of directors of the corporation may deem necessary in connection therewith,
regardless of whether or not any such projects or any part thereof shall then be...
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13A-8-1
Section 13A-8-1 Definitions. The following definitions are applicable in this article
unless the context otherwise requires: (1) DECEPTION occurs when a person knowingly: a. Creates
or confirms another's impression which is false and which the defendant does not believe to
be true; or b. Fails to correct a false impression which the defendant previously has created
or confirmed; or c. Fails to correct a false impression when the defendant is under a duty
to do so; or d. Prevents another from acquiring information pertinent to the disposition of
the property involved; or e. Sells or otherwise transfers or encumbers property, failing to
disclose a lien, adverse claim, or other legal impediment to the enjoyment of the property
when the defendant is under a duty to do so, whether that impediment is or is not valid, or
is not a matter of official record; or f. Promises performance which the defendant does not
intend to perform or knows will not be performed. Failure to perform, standing...
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40-14-41
Section 40-14-41 (Not Effective After December 31, 1999) Levy on foreign corporations.
(a) Amount of levy. Every corporation organized under the laws of any other state, nation,
or territory and doing business in this state, except strictly benevolent, educational, or
religious corporations, shall pay annually to the state an annual franchise tax of three dollars
($3) on each one thousand dollars ($1,000) of the actual amount of its capital employed in
this state. Corporations which have qualified to do business in this state shall for the purpose
of this title prima facie be held to be doing business in Alabama. However, in no event shall
the amount paid by any corporation for annual franchise tax be less than the sum of twenty-five
dollars ($25). (b) Definition of capital. The total capital of such foreign corporation, herein
referred to as the "taxpayer," shall equal the aggregate net amount of the following
items determined in accordance with generally accepted accounting...
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