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27-34-21
Section 27-34-21 Members - Qualifications for membership. (a) A society may admit to benefit
membership any person not less than 15 years of age, nearest birthday, who has furnished evidence
of insurability acceptable to the society. Any such member who shall apply for additional
benefits more than six months after becoming a benefit member shall furnish additional evidence
of insurability acceptable to the society. (b) Any person admitted prior to attaining the
full age of 19 years shall be bound by the terms of the application and certificate and by
all the laws and rules of the society and shall be entitled to all the rights and privileges
of membership therein to the same extent as though the age of majority had been attained at
the time of application. A society may also admit general or social members who shall have
no voice or vote in the management of its insurance affairs. (Acts 1911, No. 476, p. 700;
Acts 1931, No. 55, p. 71; Acts 1971, No. 407, p. 707, ยง692.)...
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27-35-8
Section 27-35-8 Conversion into stock or mutual life insurance company - Completion; effect.
(a) When a fraternal benefit society has complied with the provisions of this chapter and
with the laws of this state relating to domestic stock life insurers or domestic mutual life
insurers, as the case may be, and has received from the commissioner a certificate of authority
to transact business in this state, its reorganization and conversion into such stock insurer
or mutual insurer shall be complete. (b) The reorganized and converted corporation shall be
deemed in law to be a continuation of the fraternal benefit society, whether the reorganization
and conversion shall have been accomplished by the formation of a new corporation or by the
amendment of the certificate of incorporation of the former society; and such reorganized
and converted corporation shall succeed to, and become invested with, all and singular, the
rights, privileges, franchises, and all property, real, personal, or...
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27-34-9
Section 27-34-9 Articles of incorporation - Contents. Seven or more citizens of the United
States, a majority of whom are citizens of this state, who desire to form a fraternal benefit
society, may make, sign, and acknowledge before some officer, competent to take acknowledgment
of deeds, articles of incorporation, in which shall be stated: (1) The proposed corporate
name of the society, which shall not so closely resemble the name of any society or insurance
company as to be misleading or confusing; (2) The purposes for which it is being formed and
the mode in which its corporate powers are to be exercised. Such purposes shall not include
more liberal powers than are granted by this chapter; provided, however, that any lawful,
social, intellectual, educational, charitable, benevolent, moral, fraternal, or religious
advantages may be set forth among the purposes of the society; and (3) The names and residences
of the incorporators and the names, residences, and official titles of all...
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41-10-86
Section 41-10-86 Amendment of certificate of incorporation. The certificate of incorporation
may at any time and from time to time be amended so as to make any change therein and add
any provision thereto which might have been included in the certificate of incorporation in
the first instance. Any such amendment shall be effected in the following manner: The members
of the board of directors of the corporation shall file with the governing body an application
in writing seeking permission to amend the certificate of incorporation, specifying in such
application the amendment proposed to be made. Such governing body shall consider such application
and, if it shall by appropriate resolution duly find and determine that it is wise, expedient,
necessary or advisable that the proposed amendment be made and shall authorize the same to
be made and shall approve the form of the proposed amendment, then the persons making such
application shall execute an instrument embodying the amendment...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-86.htm - 2K - Match Info - Similar pages
10-1-3
Section 10-1-3 Alteration or amendment of charter by corporations not of business character;
filing and contents of declarations; issuance of certificate; provisions cumulative. (a) Unless
otherwise provided, any corporation, not of a business character, may alter or amend its charter
whenever not less than three fourths in number of its members, in case of corporations having
no central or general governing body, or where such corporations have a central or general
governing body, then whenever not less than three fourths of the first four principal officers
of such central or general governing body, shall file in the office of the judge of probate
of the county wherein the original declaration of incorporation was filed or in cases where
the charter was granted by an act of the Legislature, prior to the adoption of the Constitution
in 1901, in the Office of the Secretary of State, a declaration in writing signed by them
setting forth: (1) When such corporation was organized, its name...
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10A-20-12.01
Section 10A-20-12.01 Alteration or amendment of charter by corporations not of business character;
filing and contents of declarations; issuance of certificate; provisions cumulative. (a) Unless
otherwise provided, any corporation, not of a business character, may alter or amend its charter
whenever not less than three-fourths in number of its members, in case of corporations having
no central or general governing body, or where the corporations have a central or general
governing body, then whenever not less than three-fourths of the first four principal officers
of the central or general governing body, shall deliver to the Secretary of State for filing,
together with a filing fee in the amount prescribed in Chapter 1 for an amendment to a certificate
of formation, a declaration in writing signed by them setting forth: (1) When the corporation
was organized, its name and what changes, if any, it is desired to make in the name; (2) The
purposes of the corporation as the same are set...
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27-34-31
Section 27-34-31 Life benefit certificate - Prohibited provisions. After January 1, 1973, no
life benefit certificate shall be delivered or issued for delivery in this state containing,
in substance, any of the following provisions: (1) Any provision limiting the time with which
any action may be commenced to less than two years after the cause of action accrues; (2)
Any provision by which the certificate purports to be issued or to take effect more than six
months before the original application for the certificate was made, except in case of transfer
from one form of certificate to another in connection with which the member is to receive
credit for any reserve accumulation under the form of certificate from which the transfer
is made; or (3) Any provision for forfeiture of the certificate for failure to repay any loan
thereon or to pay interest on such loan which the total indebtedness, including interest,
is less than the loan value of the certificate. (Acts 1971, No. 407, p. 707,...
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5-7A-22
Section 5-7A-22 Conversion of national bank, etc., into state bank - Powers and duties of bank,
stockholders, officers, etc., upon issuance of certificate. (a) When the superintendent has
given to such bank a certificate that the provisions of this article have been complied with,
such bank and all its stockholders, officers and employees shall have the same powers and
privileges and shall be subject to the same duties, liabilities and regulations, in all respects,
as shall have been prescribed for banks originally organized as banking corporations under
the laws of Alabama. (b) At the time when such conversion of the national bank into a state
bank, under the charter of the latter, becomes effective, all the property of the national
bank, including all its rights, title and interest in and to all property of whatsoever kind,
whether real, personal or mixed, and things in action, and every right, privilege, interest
and asset of any conceivable value or benefit then existing, belonging...
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10A-20-7.20
Section 10A-20-7.20 Amendment of certificate of formation. (a) The certificate of formation
may be amended by the votes of the stockholders and the members of the corporation, voting
separately by classes, and the amendments shall require approval by the affirmative vote of
two thirds of the votes to which the stockholders shall be entitled and two thirds of the
votes to which the members shall be entitled; provided, that no amendment of the certificate
of formation which is inconsistent with the general purposes expressed in this article, which
authorizes any additional class of capital stock to be issued or which eliminates or curtails
the right of the state Comptroller to examine the corporation or the obligation of the corporation
to make reports as provided in Section 10A-20-7.18 shall be made; and provided further, that
no amendment of the certificate of formation which increases the obligation of a member to
make loans to the corporation, makes any change in the principal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-7.20.htm - 2K - Match Info - Similar pages
11-62-4
Section 11-62-4 Amendment of certificate of incorporation. (a) The certificate of incorporation
of any authority may at any time and from time to time be amended in the manner provided in
this section. The board of the authority shall first adopt a resolution proposing an amendment
to the certificate of incorporation, which amendment shall be set forth in full in the said
resolution and may include any matters which might have been included in the original certificate
of incorporation of any authority organized on the date of the adoption of the said resolution
proposing the amendment. (b) After the adoption by the board of a resolution proposing an
amendment to the certificate of incorporation of any authority, the board shall file a written
application with the governing body of the determining municipality. Such application shall
state that it is wise, expedient, necessary, or advisable for the said amendment to be made
and request that the governing body of the determining...
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