10A-21-2.11
Section 10A-21-2.11 Conveyance of franchises, rights, roadbed, and property to another railroad
corporation. Whenever all the capital stock of a railroad corporation formed under this title
is owned by a railroad corporation chartered under the laws of this state or another state,
the corporation may sell and convey to the corporation owning its stock all its franchises,
rights, roadbed, and property; but the purchasing company, if a foreign corporation, shall
keep an office in this state and an agent thereat, service of process upon the agent shall
be service upon the purchasing company.The railroad so purchased shall be in all respects
subject to the laws of this state as if owned by a domestic corporation, and all liens and
rights of creditors shall be preserved unimpaired. (Code 1907, §3495; Code 1923, §7029;
Code 1940, T. 10, §84; §10-5-10 amended and renumbered by Act 2009-513, p. 967, §358.)...

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40-21-5
Section 40-21-5 Reports of individuals or associations not incorporated. Whenever any person
or association of persons, not being a corporation and having no capital stock, shall engage
in this state in any character of business embraced within the provisions of this chapter,
the capital and property, or the certificate or other evidence of the rights or interest of
the person engaged in such business shall be deemed and treated as the capital stock of such
persons or association of persons for the purpose of taxation and for all purposes under this
title and shall be estimated and valued, and the intangible property values thereof, when
ascertained, shall be apportioned and distributed and assessed and taxed under the provisions
hereof in like manner as if such person or association of persons were a corporation, and
each such person or association of persons shall annually, within the time and the manner
provided in this chapter, make the statements and reports and give the...
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27-27-34
Section 27-27-34 Nonassessable policies in mutual insurers - Generally. (a) While possessing
surplus funds in amount not less than the paid-in capital stock required of a domestic stock
insurer transacting like kinds of insurance, a domestic mutual insurer may, upon receipt of
the commissioner's order so authorizing, extinguish the contingent liability of its members
as to all its policies in force and may omit provisions imposing contingent liability in all
its policies currently issued. (b) A foreign or alien mutual insurer may issue nonassessable
policies to its members in this state pursuant to its articles of incorporation and the laws
of its domicile. (Acts 1971, No. 407, p. 707, §530.)...
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41-14-2
Section 41-14-2 Application for designation action upon default or insolvency. Before any bank
or savings association shall be designated as a state depositary, it shall be designated as
a qualified public depository under Chapter 14A of this title, and it shall file with the
State Treasurer an application in writing to be designated as a state depositary under the
terms of this article. Such qualified public depository shall accompany such application with
a statement, verified by the affidavit of its president or other executive head, setting forth
the amount of its paid-in capital stock, the amount of its surplus and undivided profits,
its principal place of business, the length of time it has been engaged in business and its
assets and liabilities at the time of making application. In the event of the default or insolvency,
as defined in Section 41-14A-2, of any state depository, the State Treasurer shall take prompt
action to enforce the rights of the state and the State Treasurer...
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10A-2A-17.03
Section 10A-2A-17.03 Certain amendments and transactions; votes required. (a) Unless the certificate
of incorporation requires a greater vote, in addition to any other approval of stockholders
required under this chapter, the approval of at least two-thirds of the votes entitled to
be cast thereon, and, if any class or series of stock is entitled to vote as a separate group
thereon, the approval of at least two-thirds of the votes entitled to be cast by that voting
group, shall be required for a corporation that is not a benefit corporation to: (1) amend
its certificate of incorporation to include a statement that it is subject to this article;
or (2)(i) merge with or into another entity, or effect a conversion, if, as a result of the
merger or conversion, the stock of any voting group would become, or be converted into or
exchanged for the right to receive, stock of a benefit corporation or stock or interests in
an entity subject to provisions of organic law analogous to those in this...
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10A-2A-10.03
Section 10A-2A-10.03 Amendment by board of directors and stockholders. If a corporation has
issued stock, an amendment to the certificate of incorporation shall be adopted in the following
manner: (a) The proposed amendment shall first be adopted by the board of directors. (b) Except
as provided in Sections 10A-2A-10.05, 10A-2A-10.07, and 10A-2A-10.08, the amendment shall
then be approved by the stockholders. In submitting the proposed amendment to the stockholders
for approval, the board of directors shall recommend that the stockholders approve the amendment,
unless (i) the board of directors makes a determination that because of conflicts of interest
or other special circumstances it should not make a recommendation, or (ii) Section 10A-2A-8.26
applies. If either (i) or (ii) applies, the board of directors must inform the stockholders
of the basis for its so proceeding. (c) The board of directors may set conditions for the
approval of the amendment by the stockholders or the...
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10A-2A-7.21
Section 10A-2A-7.21 Voting entitlement of stock. (a) Except as provided in subsections (b)
and (d) or unless the certificate of incorporation provides otherwise, each outstanding share
of stock, regardless of class or series, is entitled to one vote on each matter voted on at
a stockholders' meeting. Only stock is entitled to vote. (b) Stock of a corporation is not
entitled to vote if it is owned by or otherwise belongs to the corporation directly, or indirectly
through an entity of which a majority of the voting power is held directly or indirectly by
the corporation or which is otherwise controlled by the corporation. (c) Stock held by the
corporation in a fiduciary capacity for the benefit of any person is entitled to vote unless
it is held for the benefit of, or otherwise belongs to, the corporation directly, or indirectly
through an entity of which a majority of the voting power is held directly or indirectly by
the corporation or which is otherwise controlled by the corporation....
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27-27-37
Section 27-27-37 Dividends - Domestic stock insurers. (a) A domestic stock insurer shall not
pay any cash dividend to stockholders except out of that part of its available surplus funds
which is derived from realized net profits on its business. (b) A stock dividend may be paid
out of any available surplus funds in excess of the aggregate amount of surplus loaned to
the insurer under Section 27-27-40. (c) A dividend otherwise proper may be payable out of
the insurer's surplus even though its total surplus is then less than the aggregate of its
past contributed surplus resulting from issuance of its capital stock at a price in excess
of the par value thereof if payment is conditioned upon receipt of the commissioner's approval
and the insurer does not pay the dividend until the commissioner has done the following: (1)
Approved the payment of the dividend, or (2) Not disapproved the payment of the dividend within
30 days after receipt of notice from the insurer of the declaration...
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5-9A-1
Section 5-9A-1 Cooperation of superintendent in reorganization of bank. Whenever the board
of directors or a majority of the stockholders of any bank shall request the superintendent
to cooperate in a reorganization of such bank, because of a substantial impairment of the
capital of such bank, the superintendent is authorized to do the following: (1) To make or
have made a careful appraisement of the assets of the bank; (2) If the appraisement shows
the capital to be impaired, to charge the stock down to its actual value, if it has any, and
if the appraisement shows the stock has no value, to charge off all capital, surplus and undivided
profits and thereafter the rights and interests of such stockholders in any of the assets
of the bank shall be subordinate to those of the creditors of the bank and the secured depositors
to the extent of such security so held by such secured depositor; (3) If the capital, surplus
and undivided profits are not sufficient to take care of all losses, to...
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10A-21-2.12
Section 10A-21-2.12 Aiding of another corporation in railroad construction or entering into
line arrangements. (a) Any railroad corporation and any mining, manufacturing, or quarrying
corporation may, at any time, by means of subscription to the capital stock of any other corporation
or company or otherwise, aid the corporation or company in the construction of its railroad
for the purpose of forming a connection with the railroad or the principal place of business
or works of the corporation furnishing the aid. (b) Any corporation may purchase at judicial
sale, or otherwise hold and use or lease any part or all of the railroad constructed by another
corporation or company, together with its franchises, rights, and property, or may acquire,
hold, and use all or any part of the capital stock of another corporation chartered under
the laws of this state or any other state, if the railroad or railroads so purchased connect
with, or will, when completed, connect with the railroad works,...
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