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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
to a member-managed company and its other members under this chapter and under the operating
agreement and exercise any rights consistently with the obligation of good faith and fair
dealing. (i) A member of a member-managed company does not violate a duty or obligation under
this chapter or under the operating agreement merely because the member's conduct furthers
the member's own interest. (j) This section applies to a person winding up the limited liability
company's business as the personal or legal representative of the last surviving member
as if the person were a member. (k) If the management of a limited liability company is vested
in a manager or managers pursuant to subsection (b) of Section 10A-5-4.01, each of the following
applies: (1) The only duty a member who is not also a manager owes to the company or to the
other members solely by reason of being a member is to not disclose or otherwise use information
described in Sections 10A-1-3.31 and 10A-5-2.06(a), whether...
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5-5A-44
has approved the acquiring party's acquisition plan. All persons with whom the acquiring party
acts directly, indirectly, through, or in concert with to acquire control shall be identified
in the application and shall provide all information required by the superintendent. The acquiring
party shall file its application with the superintendent, and the application shall, except
to the extent expressly waived by the superintendent, contain the following information: (1)
The identity, personal history, business background, and experience of each person
by whom or on whose behalf the acquisition is to be made, including his or her material business
activities and affiliations during the past five years, and a description of any material
pending legal or administrative proceedings in which he or she is a party and any criminal
indictment or conviction of such person by a state or federal court. (2) A statement of the
assets and liabilities of each person by whom or on whose behalf...
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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
and trust indentures, or either. (17) Exercise the power of eminent domain, except as limited
by state law, except the authority may not acquire, without the consent of the owner, any
transportation system from which public transportation service is currently being furnished.
The authority may not by eminent domain acquire any real property or rights owned or held
by public or private railroads or utilities. (18) Expend funds for the purchase or lease of
materials, equipment, supplies, or other personal property without compliance with
Chapter 16 of Title 41. (19) Appoint, employ, contract with, and provide for the compensation
of, officers, employees, and agents, including, but without limitation to, engineers, attorneys,
management consultants, fiscal advisers, or other consultants without regard to Chapter 16
of Title 41, or any law establishing a civil service or merit system that might otherwise
be applicable, as the business of the authority may deem necessary or desirable, and...
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