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11-65-10
Section 11-65-10 Powers and duties of commission. When authorized by one or more elections
as provided in Section 11-65-4, a commission shall have the powers and duties necessary to
license, regulate, and supervise horse racing and pari-mutuel wagering thereon and greyhound
racing and pari-mutuel wagering thereon within the commission municipal jurisdiction, including,
without limiting the generality of the foregoing, the powers and duties hereinafter set forth
in this section or in other sections of this chapter. (1) A commission shall have succession
in perpetuity, subject only to the provisions of this chapter as it may be amended from time
to time. (2) A commission shall have the power to sue and be sued in its own name in civil
suits and actions and to defend suits against it. (3) A commission shall have the power to
adopt and make use of an official seal and to alter the same at pleasure. (4) A commission
shall have the power to adopt, alter, and repeal bylaws, regulations and...
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37-6-3
Section 37-6-3 Enumerated powers. A cooperative shall have the power: (1) To sue and be sued
in its corporate name. (2) To adopt a corporate seal and alter the same at its pleasure. (3)
To generate, manufacture, purchase, acquire and transmit electric energy and to distribute,
sell, supply and dispose of electric energy to its members, to governmental agencies and political
subdivisions and to other persons; provided, however, that should a cooperative acquire any
electric facilities dedicated or devoted to the public use, it may continue to serve the persons
served directly from such facilities at the time of such acquisition without requiring that
such persons become members, and, provided further, that such nonmembers shall have the right
to become members upon nondiscriminatory terms. Cooperatives may not condition membership
or provision of service on compliance by the member with requirements not directly related
to the electric or other service to be provided by the cooperative....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-6-3.htm - 19K - Match Info - Similar pages
2-10-105
Section 2-10-105 Permit fee; taxation. Any corporation or association organized under this
article shall pay to the state the annual permit fee of $10.00 now required by law and shall
pay all ad valorem taxes on its real and personal property; except, that all cotton and all
other agricultural products which have been raised or produced in the State of Alabama, title
to which may be held by such corporation or association in its own right or for the use and
benefit of its members, and all goods and articles purchased or acquired by such corporation,
whether in or out of the state, for its own use or for the use and benefit of its members
for strictly agricultural or farm purposes in this state, shall, so long as held by such corporation
or association, be exempt from taxation, nor shall such corporation be liable for any other
license or privilege fee or tax for the purpose of engaging in or transacting business or
otherwise in this state. (Acts 1935, No. 220, p. 604; Code 1940, T. 2,...
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27-30-1
Section 27-30-1 "Mutual aid association" defined. For the purposes of this title,
a "mutual aid association," whether otherwise known as a "benefit" or
"industrial" company or by whatever other name called, is a corporation whose business
is limited to the provision of any of the following payments, aid, or benefits under certificates,
policies, or agreements issued to or made with members or policyholders and which payments,
aid, or benefits are derived from donations, fees, dues, assessments, or premiums: (1) Upon
the birth of any child, or marriage, or sickness, or physical disability of the policyholder
or member, or of his dependent, to pay money or render aid; (2) The provision of dental, medical,
or surgical attention, or hospital service or attention of any kind as to the member or policyholder
or to his dependents; or (3) Upon death of the policyholder or member or of his dependent,
to pay money or render aid, including burial benefits or the furnishing of a complete funeral...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-30-1.htm - 1K - Match Info - Similar pages
27-30-5
Section 27-30-5 Authorization to act as, or for, association - Requirements. No person shall
hereafter be authorized or hold authority to transact business in this state as a mutual aid
association unless it is otherwise in compliance with this chapter and meets the following
requirements: (1) Must be a corporation heretofore or hereafter lawfully formed under the
laws of the State of Alabama; (2) If a stock corporation, and except as provided in Section
27-30-6, must have and maintain unimpaired paid-in capital stock of not less than $50,000.00
and, if newly organized, must have, in addition when first so authorized, a paid-in surplus
of not less than $75,000.00; (3) If a mutual corporation, and except as provided in Section
27-30-6, must have applications for benefits and paid-in fees, dues, assessments, or contributions,
if required under Section 27-30-27, and must thereafter have and maintain unimpaired surplus
funds, representing the excess of its admitted assets over all its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-30-5.htm - 2K - Match Info - Similar pages
27-5A-3
Section 27-5A-3 Licensure. (a) No person, firm, association, or corporation shall act as a
reinsurance intermediary-broker in this state if the reinsurance intermediary-broker maintains
an office either directly, or as a member or employee of a firm or association, or an officer,
director, or employee of a corporation: (1) In this state, unless the reinsurance intermediary-broker
is a licensed producer in this state. (2) In another state, unless the reinsurance intermediary-broker
is a licensed producer in this state or another state having a law substantially similar to
this law or the reinsurance intermediary-broker is licensed in this state as a nonresident
reinsurance intermediary. (b) No person, firm, association, or corporation shall act as a
reinsurance intermediary-manager: (1) For a reinsurer domiciled in this state, unless the
reinsurance intermediary-manager is a licensed producer in this state. (2) In this state,
if the reinsurance intermediary-manager maintains an office...
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32-7B-2
Section 32-7B-2 Definitions. For the purposes of this chapter, the following terms shall have
the following meanings respectively ascribed to them in this section, except in those instances
where the context clearly indicates a different meaning: (1) ADVISORY COUNCIL. A group of
13 voting members consisting of: Two representatives of the Department of Revenue, a representative
of the Department of Public Safety, and a representative of the Department of Insurance as
well as three insurance company representatives appointed by the Commissioner of Insurance,
a representative of the American Insurance Association, a representative of the National Association
of Mutual Insurance Companies, a representative of the Property and Casualty Insurers Association
of America, a representative of the Alabama Independent Agents Association, a representative
of the Alabama Probate Judges Association appointed by the president of the association, and
a representative of the Alabama Association of Tax...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7B-2.htm - 2K - Match Info - Similar pages
2-10-57
Section 2-10-57 Amendments to articles of incorporation. The articles of incorporation or charter
of any cooperative or mutual association of farmers organized under the provisions of this
article may be altered or amended at any regular meeting of the members or at any special
meeting called for that purpose; provided that a quorum shall be present as defined in the
bylaws or other governing rules. The amendment must first be approved by two thirds of the
directors or other governing body and then adopted by vote of two thirds of the members present
and voting at the meeting. Amendments to the articles of incorporation, when so adopted, shall
be filed in accordance with the provisions of the general corporation laws of the state. (Acts
1921, Ex. Sess., No. 31, p. 38; Code 1923, §7134; Acts 1935, No. 222, p. 612; Code 1940,
T. 2, §92.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-10-57.htm - 1K - Match Info - Similar pages
10A-2A-15.11
Section 10A-2A-15.11 Authority of foreign corporation to act as fiduciary. (a) Any foreign
corporation may act in this state as trustee, personal representative, executor, administrator
of any kind, guardian, conservator, or in any other like or similar fiduciary capacity, whether
the appointment is by law, will, deed, inter vivos trust, mortgage, deed of trust, court order
or otherwise, without the necessity of complying with any law of this state relating to the
qualification of foreign corporations to do business in this state or the licensing of foreign
corporations to do business in this state and notwithstanding any prohibition, limitation,
or restriction contained in any law of this state subject to the following conditions: (1)
The foreign corporation is authorized to act in a fiduciary capacity, or capacities, in the
state in which it is incorporated or, if the foreign corporation is a national banking association
or other corporation organized under the laws of the United...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-15.11.htm - 2K - Match Info - Similar pages
27-22-42
Section 27-22-42 Policyholders Bill of Rights. The following shall serve as the minimum standards
to be followed by the Alabama Department of Insurance in exercising the department's powers
and duties in regulating insurance companies pursuant to Chapter 12. The Department of Insurance
and insurance companies shall post this list or an electronic link of this list on their respective
websites. These standards include the following: (1) Policyholders shall have the right to
competitive pricing practices of insurers as prescribed by applicable federal or state insurance
law and regulation. (2) Policyholders shall have the right to insurance advertising and sales
approaches that provide representative information on the policy in accordance with Chapter
12. (3) Policyholders shall have the right to assurance that the insurance market in general
and their insurance company in particular are financially stable as provided in Section 27-12-7.
(4) Policyholders shall have the right to receive...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-22-42.htm - 3K - Match Info - Similar pages
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