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10A-30-2.05
Section 10A-30-2.05 Issuance or transfer of shares of a close corporation in breach of qualifying
conditions; applicable to corporations formed as close corporations or electing close corporation
status prior to January 1, 1995. (a) If shares of a close corporation are issued or transferred
to any person who is not entitled under any provision of the certificate of formation permitted
by Section 10A-30-2.02 to be a holder of record of shares of the corporation, and if the certificate
for shares conspicuously notes the qualifications of the persons entitled to be holders of
record thereof, such person is conclusively presumed to have notice of the fact of his or
her ineligibility to be a shareholder. (b) If a certificate for shares of any close corporation
conspicuously notes the fact of a restriction on transfer of shares of the corporation and
the restriction is one which is permitted by the Alabama Business Corporation Law, the transferee
of the shares is conclusively presumed to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-30-2.05.htm - 2K - Match Info - Similar pages
37-6-10
Section 37-6-10 Board of trustees. The business and affairs of a cooperative shall be managed
by a board of not less than five trustees, each of whom shall be a member of the cooperative
or of another cooperative which shall be a member thereof, or a person designated by the governing
body or board of directors of a municipality or other corporation, respectively, which is
a member thereof. The bylaws shall prescribe the number of trustees, their qualifications,
other than those provided for in this chapter, the manner of holding meetings of the board
of trustees, and of the election of successors to trustees who shall resign, die or otherwise
be incapable of acting. The bylaws may also provide for the removal of trustees from office
and for the election of their successors. The bylaws may establish a procedure for nominating
candidates for the board of trustees and if the bylaws contain such a procedure, they may
prohibit nominations from the floor on the day of an annual, district,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-6-10.htm - 4K - Match Info - Similar pages
8-21A-10
Section 8-21A-10 Warranty agreement on new equipment; warranty claims. (a) Every supplier shall
provide a fair and reasonable warranty agreement on any new equipment which it sells and shall
fairly compensate each of its dealers for parts and labor used in fulfilling the warranty
agreement. All claims for paying under the warranty agreement made by dealers hereunder for
parts and labor shall be paid within 30 days following their approval by supplier. All claims
shall be either approved or disapproved within 60 days after their receipt by supplier. Upon
disapproval of any claim submitted by the dealer, and within the time periods set forth in
this section, the dealer shall be notified in writing of disapproval, along with specific
reasons for the disapproval and curative steps required. (b) All warranty work performed by
the dealer under this section shall be compensated in accordance with the reasonable and customary
amount of time required to complete the work, expressed in hours and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-21A-10.htm - 3K - Match Info - Similar pages
8-21C-6
Section 8-21C-6 Change of dealer ownership. (a) If a dealer desires to make a change in ownership
by the sale of the business assets, a stock transfer, or otherwise, the dealer shall give
the manufacturer or distributor written notice at least 15 business days before the closing,
including all supporting documentation as may be reasonably required by the manufacturer or
distributor to determine if an objection to the sale may be made. In the absence of a breach
by the selling dealer of its dealer agreement or this chapter, the manufacturer or distributor
may not object to the proposed change in ownership unless any of the following circumstances
is present: (1) The prospective transferee has previously been terminated by the manufacturer
or distributor for breach of its dealer agreement. (2) The prospective transferee has been
convicted of a felony or any crime of fraud, deceit, or moral turpitude. (3) The prospective
transferee lacks any license required by law. (4) The prospective...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-21C-6.htm - 4K - Match Info - Similar pages
32-20-31
Section 32-20-31 Transfer of interest by dealer. (a) If a dealer buys a manufactured home and
holds it for resale and procures the certificate of title from the owner or the lienholder
he or she need not send the certificate to the department but, upon transferring the manufactured
home to another person other than by the creation of a security interest, shall promptly execute
the assignment and warranty of title by a dealer, showing the names and addresses of the transferee
and of any lienholder holding a security interest created or reserved at the time of the resale
and the date of his or her security agreement, in the spaces provided therefor on the certificate
or as the department prescribes, and mail or deliver the certificate to a designated agent
with the transferee's application for a new certificate. (b) Every dealer shall maintain for
five years a record in the form the department prescribes of every manufactured home bought,
sold, or exchanged by him or her or received by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-20-31.htm - 1K - Match Info - Similar pages
32-8-45
Section 32-8-45 Transfer of ownership - To or from dealer; records. (a) If a dealer buys a
vehicle and holds it for resale and procures the certificate of title from the owner or the
lienholder within 15 days after delivery to him of the vehicle, he need not send the certificate
to the department but, upon transferring the vehicle to another person other than by the creation
of a security interest, shall promptly execute the assignment and warranty of title by a dealer,
showing the names and addresses of the transferee and of any lienholder holding a security
interest created or reserved at the time of the resale and the date of his security agreement,
in the spaces provided therefor on the certificate or as the department prescribes, and mail
or deliver the certificate to a designated agent with the transferee's application for a new
certificate. (b) Every dealer shall maintain for five years a record in the form the department
prescribes of every vehicle bought, sold or exchanged by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-8-45.htm - 1K - Match Info - Similar pages
10A-5A-4.09
Section 10A-5A-4.09 Records to be kept; right of members and dissociated members to information.
Notwithstanding Sections 10A-1-3.32 and 10A-1-3.33: (a) Each limited liability company shall
maintain the following records: (1) A current list of the full name and last known business
or residence street address of each member. (2) A copy of the filed certificate of formation
and all amendments thereto, together with executed copies of any powers of attorney pursuant
to which any documents have been executed. (3) Copies of the limited liability company's federal,
state, and local income tax returns and reports, if any, for the three most recent years.
(4) Copies of the then effective limited liability company agreement including any amendments
thereto. (5) Copies of any financial statements of the limited liability company for the three
most recent years. (b) Subject to subsection (g), on 10 days' notice made in a writing received
by the limited liability company, the records set forth in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-5A-4.09.htm - 4K - Match Info - Similar pages
35-12-89
Section 35-12-89 Requests for reports and examination of records. (a) The Treasurer may require
a person who has not filed a report, or a person who the Treasurer believes has filed an inaccurate,
incomplete, or false report, to file a verified report in a form specified by the Treasurer.
The report must state whether the person is holding property reportable under this article,
describe property not previously reported or as to which the Treasurer has made inquiry, and
specifically identify and state the amounts of property that may be in issue. (b) The Treasurer,
at reasonable times and upon reasonable notice, may examine the records of any person to determine
whether the person has complied with this article. The Treasurer may conduct the examination
even if the person believes it is not in possession of any property that shall be reported,
paid, or delivered under this article. The Treasurer may contract with any other person to
conduct the examination on behalf of the Treasurer....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-12-89.htm - 3K - Match Info - Similar pages
37-4-30
Section 37-4-30 Obtaining electric service under a private contract; definitions. (a) No existing
electric customer shall obtain electric service under a private contract for electric service
without first giving written notice to the utility currently providing it retail electric
service at least 45 days prior to the date on which the private contract for electric service
is to become effective. In the event any utility currently providing service to the existing
electric customer determines that it or its other electric customers will be adversely affected
by the loss of the existing electric customer due to the private contract for electric service,
it may, within 45 days of the date of the existing electric customer's written notice of a
private contract for electric service, file a petition for review of the private contract
for electric service as set forth below and service under such contract shall not be initiated
until 45 days after such review has been completed and an order...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-4-30.htm - 15K - Match Info - Similar pages
6-11-51
Section 6-11-51 Definitions. As used in this article the following words and terms shall have
the following meanings: (1) ANNUITY ISSUER. An insurer that has issued a contract to fund
periodic payments under a structured settlement. (2) DEPENDENTS. A payee's spouse and minor
children and all other persons for whom the payee is legally obligated to provide support,
including alimony. (3) DISCOUNTED PRESENT VALUE. The present value of future payments determined
by discounting the payments to the present using the most recently published applicable federal
rate for determining the present value of an annuity, as issued by the United States Internal
Revenue Service. (4) GROSS ADVANCE AMOUNT. The sum payable to the payee or for the payee's
account as consideration for a transfer of structured settlement payment rights before any
reductions for transfer expenses or other deductions to be made from the consideration. (5)
INDEPENDENT PROFESSIONAL ADVICE. Advice of an attorney, certified public...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-11-51.htm - 5K - Match Info - Similar pages
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