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35-20-5
Section 35-20-5 Organization of associations; filing requirements; rulemaking authority; organizational
documents. (a) On or after January 1, 2016, a homeowners' association created pursuant to
a declaration shall be organized as a nonprofit corporation pursuant to Chapter 3 of Title
10A, and shall be governed in all respects as a nonprofit corporation. (b)(1) A homeowners'
association, its members, and directors shall be subject to all of the obligations, duties,
and responsibilities of and shall have all of the rights and benefits provided in Chapter
3 of Title 10A. (2) In addition or supplemental to any other filing required in Chapter 3
of Title 10A, a homeowners' association shall file the following documents with the Secretary
of State: a. Articles of incorporation. b. Bylaws, resolutions, or other governing documents
of the association. c. The original covenants, conditions, or restrictions adopted by the
association. (3) The Secretary of State shall implement and maintain an...
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10A-20-1.06
Section 10A-20-1.06 Appointment of administrator to act while bishopric vacant. A bishop who
has become a corporation sole pursuant to this chapter shall be authorized to appoint an administrator
to act for the corporation during the time as the bishopric shall for any reason be vacant.
In the event a vacancy should occur in the bishopric and no administrator shall have been
appointed, then the ecclesiastical authority to whom the bishop is spiritually subject shall
have authority to appoint the administrator. An appointment of an administrator shall be in
writing, signed by the maker, attested by at least two witnesses and acknowledged or proved,
as provided for conveyances of land in this state. Upon the occurrence of a vacancy, the administrator
may file in the office of the Secretary of State an application for certificate of administratorship,
setting forth the vacancy and the administrator's appointment, which application shall be
subscribed, sworn to, and certified like the...
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10A-2A-6.01
Section 10A-2A-6.01 Authorized stock. (a) The certificate of incorporation must set forth any
classes of stock and series of stock within a class, and the number of shares of stock of
each class and series, that the corporation is authorized to issue. If more than one class
or series of stock is authorized, the certificate of incorporation must prescribe a distinguishing
designation for each class or series and, before the issuance of stock of a class or series,
describe the terms, including the preferences, rights, and limitations, of that class or series.
Except to the extent varied as permitted by this section, all shares of stock of a class or
series must have terms, including preferences, rights, and limitations, that are identical
with those of other shares of stock of the same class or series. (b) The certificate of incorporation
must authorize: (1) one or more classes or series of stock that together have full voting
rights, and (2) one or more classes or series of stock (which...
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9-14A-4
Section 9-14A-4 Alabama State Parks System Improvement Corporation. (a) The Governor, the Lieutenant
Governor or his or her designee, the President Pro Tempore of the Senate or his or her designee,
the Speaker of the House of Representatives or his or her designee, the Commissioner of the
Department of Conservation and Natural Resources of the state, and the Director of Finance
of the state may become a corporation, with the powers and authorities hereinafter provided,
by proceeding according to the provisions of this chapter. To become a corporation, the Governor,
the Lieutenant Governor or his or her designee, the President Pro Tempore of the Senate or
his or her designee, the Speaker of the House of Representatives or his or her designee, the
Commissioner of the Department of Conservation and Natural Resources, and the Director of
Finance shall present to the Secretary of State of Alabama an application signed by them which
shall set forth: (1) The name, official designation and...
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9-14A-5
Section 9-14A-5 Alabama Public Historical Sites and Parks Improvement Corporation. (a) The
Governor, the Lieutenant Governor or his or her designee, the President Pro Tempore of the
Senate or his or her designee, the Speaker of the House of Representatives or his or her designee,
the Commissioner of the Department of Conservation and Natural Resources, and the Director
of Finance of the state may become a corporation, with the powers and authorities hereinafter
provided, by proceeding according to the provisions of this chapter. To become a corporation,
the Governor, the Lieutenant Governor or his or her designee, the President Pro Tempore of
the Senate or his or her designee, the Speaker of the House of Representatives or his or her
designee, the Commissioner of the Department of Conservation and Natural Resources, and the
Director of Finance shall present to the Secretary of State of Alabama an application signed
by them which shall set forth: (1) The name, official designation and...
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11-101A-2
Section 11-101A-2 Definitions. As used in this chapter, the following terms shall have the
following meanings, respectively, unless the context clearly indicates otherwise: (1) APPLICANT.
A natural person who files a written application with the governing body of a county or municipality,
or two or more thereof, in accordance with Section 11-101A-3. (2) AUTHORITY. A public corporation
organized pursuant to this chapter. (3) AUTHORIZING RESOLUTION. A resolution adopted by the
governing body of an authorizing subdivision in accordance with Section 11-101A-3, that authorizes
the incorporation of an authority under this chapter. (4) AUTHORIZING SUBDIVISION. Each county
and municipality with the governing body of which an application for the incorporation of
an authority under this chapter is filed. (5) BOARD. The board of directors of an authority.
(6) BONDS. Any bonds authorized to be issued by an authority hereunder, including refunding
bonds. (7) CODE. The Code of Alabama 1975. (8)...
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19-3-120
Section 19-3-120 Classes of authorized investments; repeal of conflicting statutes. (a) Unless
otherwise authorized or directed by the court having jurisdiction thereof, or by the will,
trust agreement or other document which is the source of authority, a trustee, executor, administrator,
guardian or one acting in any other fiduciary capacity, other than as a trustee governed by
the Alabama Uniform Trust Code, with the exercise of reasonable business prudence, in addition
to any other investments now permitted by law, may invest funds in securities or investments
which, at the time of the making or purchase thereof, are included in one or more of the following
classes: (1) Bonds or other interest-bearing obligations of the United States of America,
or payment of which the United States of America has guaranteed as to both principal and interest.
(2) Bonds issued by the Federal Land Bank, under the act of Congress of the United States
of America, designated as "the Federal Farm Loan...
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22-21-78
Section 22-21-78 Borrowing by corporation. (a) All securities of the corporation shall be signed
by the chairman of its board of directors and attested by its secretary, and the seal of the
corporation shall be affixed thereto. Any interest coupons applicable to the securities of
the corporation shall be signed by the chairman of the board of directors, but a facsimile
of such chairman's signature may be impressed on any such interest coupon in lieu of his manually
signing the same. Any securities of the corporation may be executed and delivered by it at
any time and from time to time, shall be in such form and denomination and of such tenor and
maturities, shall contain such provisions not inconsistent with this section and shall bear
such rate or rates of interest payable and evidenced in such manner as may be provided by
resolution of the board of directors. (b) Any borrowing may be effected by sale of such securities
at either public or private sale in such manner and at such price...
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22-34-5
Section 22-34-5 Application for corporation; contents; officers; board of directors; record
of proceedings. (a) To become a corporation, the Governor, the Lieutenant Governor, the Speaker
of the House, the director of the department and the Director of Finance shall present to
the Secretary of State of Alabama an application signed by them which shall set forth: (1)
The name, official designation and official residence of each of the applicants, together
with a certified copy of the commission evidencing each applicant's right to office; (2) The
date on which each applicant was inducted into office and the term of office of each of the
applicants; (3) The name of the proposed corporation, which shall be the "Alabama Water
Pollution Control Authority"; (4) The location of the principal office of the proposed
corporation; and (5) Any other matter relating to the incorporation which the applicants may
choose to insert and which is not inconsistent with this chapter or any other laws of...
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11-101A-4
Section 11-101A-4 Incorporation of authority. (a) Within 60 days following the adoption of
the authorizing resolution, or, if there is more than one, the last adopted thereof, the applicants
shall proceed to incorporate an authority by filing for record, in the office of the judge
of probate of the county in which the principal office of the authority is to be located,
a certificate of incorporation complying in form and substance with this action, being in
the form and executed in the manner herein provided and being in the form approved by the
governing body of each authorizing subdivision. (b) In addition to any other provisions required
by this chapter to be included therein, the certificate of incorporation of an authority shall
state: (1) The names of the incorporators, together with the address of the residence of each
thereof, and that each of them is a duly qualified elector of the authorizing subdivision,
or, if there is more than one, at least one thereof. (2) The name of...
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