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26-2A-151
Section 26-2A-151 Persons dealing with conservators; protection. (a) A person who in
good faith either assists or deals with a conservator for value in any transaction other than
those requiring a court order as provided in Section 26-2A-136 is protected as if the
conservator properly exercised the power. The fact that a person knowingly deals with a conservator
does not alone require the person to inquire into the existence of a power or the propriety
of its exercise, but restrictions on powers of conservators which are endorsed on letters
as provided in Section 26-2A-154 are effective as to third persons. A person is not
bound to see to the proper application of estate assets paid or delivered to a conservator.
(b) The protection expressed in this section extends to any procedural irregularity
or jurisdictional defect occurring in proceedings leading to the issuance of letters and is
not a substitution for protection provided by comparable provisions of the law relating to
commercial...
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43-2-842
Section 43-2-842 Persons dealing with personal representative; protection. A person
who, in good faith, either assists a personal representative or deals with the personal representative
for value is protected as if the personal representative properly exercised the power. The
fact that a person knowingly deals with a personal representative does not alone require the
person to inquire into the existence of a power or the propriety of its exercise. Except for
restrictions on powers of personal representatives which are endorsed on the letters, no provision
in any will or order of court purporting to limit the power of a personal representative is
effective except as to persons with actual knowledge thereof. A person is not bound to see
to the proper application of estate assets paid or delivered to a personal representative.
The protection here expressed extends to instances in which some procedural irregularity or
jurisdictional defect occurred in proceedings leading to the issuance...
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19-3B-1012
Section 19-3B-1012 Protection of person dealing with trustee. (a) A person other than
a beneficiary who in good faith assists a trustee, or who in good faith and for value deals
with a trustee, without knowledge that the trustee is exceeding or improperly exercising the
trustee's powers is protected from liability as if the trustee properly exercised the power.
(b) A person other than a beneficiary who in good faith deals with a trustee is not required
to inquire into the extent of the trustee's powers or the propriety of their exercise. (c)
A person who in good faith delivers assets to a trustee need not ensure their proper application.
(d) A person other than a beneficiary who in good faith assists a former trustee, or who in
good faith and for value deals with a former trustee, without knowledge that the trusteeship
has terminated is protected from liability as if the former trustee were still a trustee.
(e) Comparable protective provisions of other laws relating to commercial...
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26-2A-154
Section 26-2A-154 Enlargement or limitation of powers of conservator. Subject to the
restrictions in Section 26-2A-136(c), a court having equity jurisdiction may confer
on a conservator at the time of appointment or later, in addition to the powers conferred
by Sections 26-2A-152 and 26-2A-153, any power that the court itself could exercise under
Sections 26-2A-136(b)(2) and 26-2A-136(b)(3). The court, at the time of appointment or later,
may limit the powers of a conservator otherwise conferred by Sections 26-2A-152 and 26-2A-153
or previously conferred by the court and may at any time remove or modify any limitation.
If the court limits any power conferred on the conservator by Section 26-2A-152 or
Section 26-2A-153, or specifies, as provided in Section 26-2A-148(a), that title
to some but not all assets of the protected person vests in the conservator, the limitation
or specification of assets subject to the conservatorship must be endorsed upon the letters
of appointment. (Acts...
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10A-5-3.03
Section 10A-5-3.03 Agency power of members and managers; duties. REPEALED IN THE 2014
REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017. (a) Except as provided in subsection
(b), every member is an agent of the limited liability company for the purpose of its business
or affairs, and the act of any member, including, but not limited to, the execution in the
name of the limited liability company of any instrument, for apparently carrying on in the
usual way the business or affairs of the limited liability company binds the limited liability
company, unless the member so acting has, in fact, no authority to act for the limited liability
company in the particular matter and the person with whom the member is dealing has knowledge
of the fact that the member has no such authority. (b) If the certificate of formation provides
that management of the limited liability company is vested in a manager or managers, both
of the following conditions apply: (1) No member, acting solely in...
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5-5A-44
Section 5-5A-44 Acquisition of majority of voting shares of a bank; procedure. (a) No
person, acting directly or indirectly or through or in concert with one or more persons, may
acquire control of a state bank or of any corporation or other entity having control of a
state bank, unless an application is filed with the superintendent for review of the proposed
transaction and for his or her action, if any, as provided in this section. (b) The
application shall be on a form prescribed by the superintendent and shall be made under oath.
The application must contain all information that the superintendent by regulation requires
to be furnished in an application, as well as any information that the superintendent orders
to be included in the particular application being filed and shall be accompanied by the filing
fee prescribed by the Banking Board. For the purposes of this section, the Banking
Board may reduce or waive any prescribed fees for applications where a change of control...
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45-23A-93
Section 45-23A-93 Auxiliary communication services. (a) As used in this section,
the word "city" shall mean the City of Ozark in Dale County. (b)(I) In addition
to all other powers, rights, and authority heretofore granted by law, the city is authorized
and empowered to acquire, purchase, lease, construct, operate, maintain, enlarge, extend,
and improve as part of the system facilities for the provision to inhabitants of the city
and surrounding territory of auxiliary services which may be identified generally as any communication
service, not including cable television transmission, which shall include, but not be limited
to, burglar alarm systems, data transmissions, facsimile service, home shopping service, and
any allied or similar communication services. (2) The city shall provide, without the requirement
of any franchise, to any requesting communication company or utility regulated by the Public
Service Commission, or any electric cooperative organized under Chapter 6, Title 37,...
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27-29-3
Section 27-29-3 Acquisition of control of, or merger with, domestic insurers. (a)(1)
No person other than the issuer shall make a tender offer for or a request or invitation for
tenders of, or enter into any agreement to exchange securities for, seek to acquire, or acquire
in the open market any voting security of a domestic insurer if, after the consummation thereof,
such person would, directly or indirectly, or by conversion or by exercise of any right to
acquire, be in control of such insurer, and no person shall enter into an agreement to merge
with or otherwise to acquire control of a domestic insurer, or any person controlling a domestic
insurer unless, at the time any such offer, request, or invitation is made or any such agreement
is entered into, or prior to the acquisition of such securities if no offer or agreement is
involved such person has filed with the commissioner and has sent to such insurer a statement
containing the information required by this section and such...
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9-12-180
Section 9-12-180 Authorized; form. The Governor of this state is hereby authorized and
directed to execute a compact on behalf of the State of Alabama with any one or more of the
states of Florida, Mississippi, Louisiana and Texas, and with such other states as may enter
into the compact legally therein in the form substantially as follows: GULF STATES MARINE
FISHERIES COMPACT The contracting states solemnly agree: Article I Whereas the Gulf Coast
States have the proprietary interest in and jurisdiction over fisheries in the waters within
their respective boundaries, it is the purpose of this compact to promote the better utilization
of the fisheries, marine, shell and anadromous, of the seaboard of the Gulf of Mexico, by
the development of a joint program for the promotion and protection of such fisheries and
the prevention of the physical waste of the fisheries from any cause. Article II This compact
shall become operative immediately as to those states ratifying it whenever any two...
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11-32-7
Section 11-32-7 Powers of authority. (a) The authority shall exercise powers and duties
necessary to the discharge of its powers and duties in corporate form as follows: (1) Have
succession by its corporate name in perpetuity subject to Section 11-32-20. (2) Sue
and be sued in its own name in civil suits and actions and defend suits against it. (3) Adopt
and make use of a corporate seal and alter the same at its pleasure. (4) Adopt and alter bylaws
for the regulation and conduct of its affairs and business. (5) Acquire, receive, take, by
purchase, gift, lease, devise, or otherwise, and hold property of every description, real,
personal, or mixed, whether located in one or more counties or municipalities and whether
located within or outside the authorizing county. (6) Make, enter into, and execute contracts,
agreements, leases, and other instruments and take other actions as may be necessary or convenient
to accomplish any purpose for which the authority was organized, or exercise any...
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