|
27-13-20
in determining or ascertaining a rate. (5) RATING ORGANIZATION. Every person or persons, corporation,
partnership, company, society, bureau or association, whether located within or outside this
state, engaged in the business of rate-making for two or more insurers. (6) INSURER. Any person
or persons, corporation, association, partnership, reciprocal exchange, or company authorized
by the laws of this state to transact the business of insurance in this state. (7) RISK. Any
property, real or personal, described in any policy, exposed to any hazard or peril
named in such policy. (8) UNREASONABLY HIGH RATES. No rate shall be held to be unreasonably
high unless: a. Such rate is unreasonably high for the insurance provided; and b. A reasonable
degree of competition does not exist in the area with respect to the classification to which
such rate is applicable. (9) INADEQUATE RATE. No rate shall be held to be inadequate which
upon reasonable assumptions of prospective loss and expense...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-20.htm - 2K - Match Info - Similar pages
10A-2-1.40
Section 10A-2-1.40 Definitions applicable to business corporations. In this chapter: REPEALED
IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (1) "Articles of incorporation" include amended and restated articles
of incorporation and, in the case of a corporation existing on January 1, 1981, its certificate
of incorporation, including any amended certificate, and also include, except where the context
otherwise requires, articles of merger. The term "articles of incorporations" as
used in this chapter is synonymous with the term "certificate of formation" employed
in Chapter 1. (2) "Authorized shares" means the shares of all classes a domestic
or foreign business corporation is authorized to issue. (3) "Corporation" or "domestic
corporation" means a business corporation, which is not a foreign corporation, incorporated
under or subject to the provisions of this chapter. (4) "Distribution" means a direct
or indirect...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-1.40.htm - 4K - Match Info - Similar pages
5-17-4
Section 5-17-4 Powers generally. (a) A credit union shall have all of the following powers:
(1) To receive the savings of its members either as payment on shares or as deposits, including
the right to conduct Christmas clubs, vacation clubs, and other thrift organizations within
the membership. (2) To accept deposits of fiduciary funds if a member is the beneficiary,
trustee, or personal representative and if the funds are part of the estate of a deceased
member. (3) To make loans to members. (4) To make loans to other credit unions, including
credit union service organizations. (5) To purchase loans from financial institutions, provided
a purchased loan is of the nature and type that the credit union could have originated itself.
(6) To make loans to a cooperative society or other organizations having membership in the
credit union. (7) To deposit funds in state and national banks, savings and loan associations,
the accounts which are insured by the Federal Deposit Insurance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-4.htm - 3K - Match Info - Similar pages
27-34-5
Section 27-34-5 Applicability of chapter - Exceptions. (a) Nothing contained in this chapter
shall be so construed as to affect or apply to: (1) Grand or subordinate lodges of societies,
orders, or associations now doing business in this state which provide benefits exclusively
through local or subordinate lodges; (2) Grand or subordinate lodges of societies, orders,
or associations now doing business in this state which provide for a death benefit of not
more than one thousand dollars ($1,000) to any one person, provided that no commission or
other direct compensation is paid with respect to the sale of such death benefit contracts;
(3) Orders, societies, or associations which admit to membership only persons engaged in one
or more crafts or hazardous occupations, in the same or similar lines of business, and the
ladies' societies or ladies' auxiliaries to such orders, societies, or associations; (4) Domestic
societies which limit their membership to employees of a particular city or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-34-5.htm - 3K - Match Info - Similar pages
45-28A-42.55
fund; investment. (a) The policemen's and firemen's retirement fund shall consist of the following:
(1) All of the money, securities, and things of value belonging to any similar fund that may
now or hereafter be maintained in the City of Gadsden. (2) All monies or properties that may
be given or donated to the fund by any persons, firm, association, or corporation for the
uses and purposes for which the fund is created; and the board may take, by gift, grant, devise,
or bequest, any money, personal property, real estate, or any interest therein, or
any right of property, for the benefit of the fund. (3) All reward money paid to any member
of the police and fire departments of the city shall be paid by the recipients of the same
into the retirement fund promptly upon receipt of the same. (4) All civil or criminal witness
fees received by any member of the police and fire departments for attendance at or before
any court or grand jury in Etowah County wherein the city employing them is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-28A-42.55.htm - 3K - Match Info - Similar pages
5-7A-23
Section 5-7A-23 Declaration of incorporation. Before the issuing of such certificate by the
superintendent a majority of the directors of such bank shall file in the office of the official
or officials with which a certificate of incorporation would be filed under the business corporation
laws of this state a declaration of incorporation, which shall show: (1) The name to be assumed
and used by the corporation; (2) The objects of the corporation, among which shall be the
conversion of a national bank with the name and description of the same, into a state bank
with all the power and authority that may be exercised by a state bank; (3) The location of
its principal office; (4) The amount of its total authorized capital and the amount of its
paid-in capital; (5) The name and post-office address of each officer and director; (6) The
time limit, if any, for the duration of the corporation; and (7) A certificate, acknowledged
before a notary public by a majority of the directors of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-7A-23.htm - 1K - Match Info - Similar pages
11-89C-4
in the employee benefit programs of any member governing body, including insurance and pension
programs, upon approval of the executive committee and the subject member governing body.
(5) To enter into contracts with individuals, governing bodies, member governing bodies, governmental
agencies, professional associations, corporations, partnerships, and other legal entities
to implement the functions of this chapter. (6) To purchase, lease, license, own, or otherwise
acquire real and personal property, including easements, rights of way, and all other
interests in land, including municipal separate storm sewers, buildings, and other facilities
and equipment. (7) To construct, operate, maintain, repair, and replace facilities for storm
water functions. (8) To contract with member governing bodies for the construction, improvement,
renovation, management, or operation of their municipal separate storm sewer systems. (9)
To purchase or obtain insurance and other appropriate...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89C-4.htm - 10K - Match Info - Similar pages
45-9-243.40
user thereof of freight cars, oxygen and acetylene tanks, and similar property, in respect
of which detention a demurrage or per diem charge is made against the user of such property,
shall not be deemed to constitute a transaction whereunder property is leased or rented to
another within the meaning of this section. (6) TANGIBLE PERSONAL PROPERTY. Personal
property which may be seen, weighed, measured, felt, or touched, or is in any other manner
perceptible to the senses. The term "tangible personal property" shall not
include stocks, bonds, notes, insurance, or other contracts, or securities. (7) MEDICAL EQUIPMENT.
Equipment used primarily for and essential to medical care for or to aid in the diagnosis,
cure, mitigation, or treatment of disease or injury affecting any structure or function
of the body. Such term shall include, but not be limited to, hospital beds, wheelchairs, walkers,
orthopedic appliances, and convalescent aids. (8) EXEMPT ORGANIZATION. Any organization exempt...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-9-243.40.htm - 13K - Match Info - Similar pages
8-19A-6
Section 8-19A-6 Identification of certain affiliated sellers or salespersons. (a) With respect
to any person identified pursuant to Section 8-19A-5, an applicant for a license as a commercial
telephone seller shall state in his or her application the identity of any affiliated commercial
seller or salesperson who: (1) Has been convicted of, or is under indictment or information
for, racketeering or any offense involving fraud, theft, embezzlement, fraudulent conversion,
or misappropriation of property. Conviction includes a finding of guilt where adjudication
has been withheld. (2) Is involved in pending litigation or has had entered against him or
her an injunction, a temporary restraining order, or a final judgment or order, including
a stipulated judgment or order, an assurance of voluntary compliance, or any similar document,
in any civil or administrative action involving racketeering, fraud, theft, embezzlement,
fraudulent conversion, or misappropriation of property or the use of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-19A-6.htm - 3K - Match Info - Similar pages
11-95-7
suits and actions, and to defend suits against it; (3) To adopt and make use of a corporate
seal and to alter the same at pleasure; (4) To adopt and alter bylaws for the regulation and
conduct of its affairs and business; (5) To acquire, construct, equip, enlarge, improve, maintain,
and operate hospital facilities in the authorizing county and to do all things necessary to
that end; (6) To receive, acquire, take and hold, whether by purchase, gift, lease, devise,
or otherwise, real and personal property of every description and to manage and dispose
of the same by any form of legal conveyance or transfer; provided, however, that the corporation
shall not, without the prior approval of the governing bodies of the authorizing subdivisions,
have the power to dispose of substantially all of its assets or of any hospital facilities
the disposition of which would materially reduce or impair the level of hospital or health
care services rendered by the corporation; (7) To provide...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-95-7.htm - 5K - Match Info - Similar pages
|