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11-97-2
The board of directors of a corporation. (4) BONDS. Bonds, notes, or other obligations representing
an obligation to pay money. (5) CORPORATION. Any public corporation organized pursuant to
the provisions of this chapter. (6) COSTS. As applied to a facility or any portion thereof,
shall include all or any part of the cost of construction, acquisition, alteration, enlargement,
extension, reconstruction, improvement, and remodeling of a facility, including all lands,
structures, real or personal property, rights, rights-of-way, franchises, easements,
permits, approvals, licenses, and certificates and interests acquired or used for, in connection
with or with respect to a facility, the cost of demolishing or removing any buildings or structures
on land so acquired, including the cost of acquiring lands to which such buildings or structures
may be moved, the cost of all machinery and equipment, financing charges, underwriters' commissions
or discounts, interest prior to, during, and...
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22-21-179
or until dissolved as provided in Section 22-21-191; (2) Subject to the limitations contained
in the provisions of this section, to maintain actions and have actions maintained against
it in its own name in civil, including ex delicto and ex contractu, actions; (3) To adopt
and make use of a corporate seal and to alter the same at pleasure; (4) To adopt bylaws and
amend the same; (5) 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; (6) To acquire, construct,
equip, enlarge, improve, maintain and operate one or more hospitals and to do all things necessary
to that end; (7) To contract with any institution for the instruction of medicine to provide
training for nurses, technicians and other technical, professional and paramedical personnel
upon such terms, conditions and number of years as they may determine;...
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8-19A-11
her or any business for which he or she has worked or been affiliated, 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 any untrue or misleading representation in an attempt to sell or
dispose of real or personal property or the use of any unfair, unlawful, or deceptive
trade practice. (3) Is subject to or has worked or been affiliated with any company which
is, or ever has been, subject to any injunction, temporary restraining order, or final judgment
or order, including a stipulated judgment or order, an assurance of voluntary compliance,
or any similar document, or any restrictive court order relating to a business activity as
the result of any action brought by a governmental agency, including...
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10A-5A-1.02
Section 10A-5A-1.02 Definitions. Notwithstanding Section 10A-1-1.03, as used in this chapter,
unless the context otherwise requires, the following terms mean: (a) "Certificate of
formation," with respect to a limited liability company, means the certificate provided
for by Section 10A-5A-2.01, and the certificate as amended or restated. (b) "Constituent
limited liability company" means a constituent organization that is a limited liability
company. (c) "Constituent organization" means an organization that is party to a
merger under Article 10. (d) "Converted organization" means the organization into
which a converting organization converts pursuant to Article 10. (e) "Converting limited
liability company" means a converting organization that is a limited liability company.
(f) "Converting organization" means an organization that converts into another organization
pursuant to Article 10. (g) "Disqualified person" means any person who is not a
qualified person. (h) "Distribution" except...
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19-3A-106
Section 19-3A-106 Conversion to unitrust. (a) Unless expressly prohibited by the governing
instrument, a trustee may convert a trust into a unitrust as described in this section if
all of the following apply: (1) The trustee has concluded that the conversion will enable
the trustee to better carry out the intent of the settlor or testator and the purposes of
the trust. (2) The trustee gives written notice of the trustee's intention to convert the
trust into a unitrust, including the trustee's initial decisions as set forth below, to all
the qualified beneficiaries. The written notice shall include the following: a. An explanation
of how the unitrust will operate; b. The effective date of the conversion to a unitrust; c.
The unitrust percentage to be used; d. The provisions for prorating a unitrust distribution
for a short year in which a beneficiary's right to payments commences or ceases; e. Whether
the net fair market value of the trust assets will be determined annually or averaged...
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27-32-1
is deemed to be domiciled in such state. (7) ANCILLARY STATE. Any state other than a domiciliary
state. (8) RECIPROCAL STATE. Any state other than this state in which in substance and effect
the provisions of the Uniform Insurers Liquidation Act, as defined in Section 27-32-22, are
in force, including the provisions requiring that the Commissioner of Insurance or equivalent
insurance supervisory official be the receiver of a delinquent insurer. (9) GENERAL ASSETS.
All property, real, personal, or otherwise, not specifically mortgaged, pledged, deposited,
or otherwise encumbered for the security or benefit of specified persons or a limited class
or classes of persons, and as to such specifically encumbered property, the term includes
all such property or its proceeds in excess of the amount necessary to discharge the sum or
sums secured thereby. Assets held in trust and assets held on deposit for the security or
benefit of all policyholders or all policyholders and creditors in...
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27-41-4
Section 27-41-4 General requirements as to eligibility of investments. No investment (other
than in common stocks allowed under Section 27-41-17, in insurance stocks allowed under Section
27-41-18, in loans or investments allowed under Section 27-41-35, in real property allowed
under Section 27-41-34, or in funeral supply inventories and equipment allowed under Section
27-41-38) shall be an eligible investment unless it is interest-bearing or interest-accruing
or dividend or income-paying, is not then in default, and the insurer is entitled to receive
for its account and benefit the interest or income accruing thereon. An investment may be
eligible notwithstanding that part of the interest or income accruing thereon is paid by the
insurer to a third party in consideration of services rendered by the third party with respect
to the investment or that part of the interest or income accruing thereon is shared by the
insurer with one or more joint venturers or others participating in the...
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36-17-3
Section 36-17-3 Duties generally. The powers, functions, and duties of the Treasurer shall
be: (1) To receive all moneys due the state and deposit them in the proper accounts. (2) To
perform the functions and duties now authorized by law with respect to state depositaries.
(3) To pay all warrants duly executed by the Comptroller, and to pay for funds electronically
transferred by the Comptroller in accordance with Section 41-4-50, upon the determination
that there is sufficient money for the payment thereof in the fund upon which they are drawn.
No warrant executed by any other person shall be honored. All checks drawn on the state funds
shall be signed by the Treasurer, or the chief clerk in the office, and countersigned by the
special assistant in the office of the Treasurer, who is appointed by the Treasurer with the
approval of the Governor. Another employee may be designated by the Treasurer, with the approval
of the Governor, to countersign checks in the absence of the special...
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11-50-235
alter the same at pleasure; (4) To acquire, purchase, construct, operate, maintain, enlarge,
extend, and improve any system or systems, the operation of which is provided for in the certificate
of incorporation of such corporation (whether or not such system or systems were in existence
or whether or not such system or systems were privately owned prior to acquisition by such
corporation) and to receive, acquire, take, and hold, whether by purchase, gift, lease, devise,
or otherwise, real, personal, and mixed property of any nature whatsoever that its
board of directors may deem a necessary or convenient part of such system or systems; (5)
To borrow money and to issue in evidence of the borrowing interest-bearing bonds payable solely
from the revenues derived from the operation of either or both of its systems (although the
money so borrowed may be used for the benefit of or with respect to only one of its systems);
(6) To pledge for payment of its bonds any revenues from which such...
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36-21-60
Section 36-21-60 Definitions. When used in this article, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) ALABAMA SHERIFF'S ASSOCIATION. The Alabama Sheriff's Association, as now or hereafter
constituted. (2) ASSOCIATION. The Alabama Peace Officers' Association, as now or hereafter
constituted. (3) ASSOCIATION OF CHIEFS OF POLICE. The Alabama Association of Chiefs of Police,
as now or hereafter constituted. (4) BOARD. The board of commissioners of the fund and any
successors thereto. (5) EXECUTIVE DIRECTOR. The executive director of the board. (6) FUND.
The Alabama Peace Officers' Annuity and Benefit Fund created in Section 36-21-66. (7) MEMBER.
Any peace officer who is a member of the fund and who is in good standing by virtue of having
paid all sums required by this article to be paid by him. (8) MEMBERSHIP SERVICE. The period
of employment of a member as a peace officer from the date he or she...
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