10A-2-6.40
Section 10A-2-6.40 Distributions to shareholders. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) A board of directors may authorize and the corporation may make distributions subject to restriction by the articles of incorporation and the limitation in subsection (c). (b) If the board of directors does not fix the record date for determining shareholders entitled to a distribution other than one involving a repurchase or reacquisition of shares, it is the date the board of directors authorizes the distribution. (c) No distribution may be made if, after giving it effect: (1) The corporation would not be able to pay its debts as they become due in the usual course of business; or (2) The corporation's total assets would be less than the sum of its total liabilities plus, unless the articles of incorporation permit otherwise, the amount that would be needed, if the corporation were to be dissolved at the time...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-6.40.htm - 3K - Match Info - Similar pages
10A-2-7.21
Section 10A-2-7.21 Voting entitlement of shares. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) Except as provided in subsections (b) and (c) or unless the articles of incorporation provide otherwise, each outstanding share, regardless of class, is entitled to one vote on each matter voted on at a shareholders' meeting. Only shares are entitled to vote. (b) The shares of a corporation are not entitled to vote if they are owned, directly or indirectly, by a second corporation, domestic or foreign, and the first corporation owns, directly or indirectly, a majority of the shares entitled to vote for directors of the second corporation, unless a court of competent jurisdiction determines that the voting of the shares is not for the purpose of perpetuation of management or other improper purpose. (c) Subsection (b) does not limit the power of a corporation to vote any shares, including its own shares, held by it...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-7.21.htm - 1K - Match Info - Similar pages
40-10-75
Section 40-10-75 (Effective January 1, 2020) Right where sale proceedings were defective. THIS SECTION WAS AMENDED BY ACT 2018-494 IN THE 2018 REGULAR SESSION, EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. In any action brought related to taxes delinquent on or after January 1, 2020, the interest rate on any amounts awarded pursuant to this section shall be eight percent. In any other action brought for the possession of land sold for taxes delinquent before January 1, 2020, the title of the purchaser at the tax sale shall be defeated on account of any defect in the proceedings under which the sale is had, or on account of any defect in or insufficiency of the process by which the owner of the land was brought before the probate court, as is provided, or in the service of the process, or by reason of the failure of the judge of probate on account of any negligence or refusal on his or her part to produce when called upon, sufficient evidence of the proper...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-10-75.htm - 2K - Match Info - Similar pages
45-49-249.61
Section 45-49-249.61 Rulemaking authority; notice. The Mobile County Commission may adopt rules to effectuate the purposes of this subpart and conform to the provisions of Chapter 25 of Title 40. On October 1, 2019, the Mobile County Commission shall publish a notice to all tobacco wholesalers and retailers consistent with Act 2014-262, effective October 1, 2014, and the State Department of Revenue memo to all tobacco wholesalers and retailers of June 11, 2014. (Act 2019-150, §13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49-249.61.htm - 797 bytes - Match Info - Similar pages
45-49-261.03
Section 45-49-261.03 Preparation and maintenance of master plan. In availing itself of the powers conferred by this part, the Mobile County Commission shall appoint the planning commission to make and maintain in an up-to-date manner, a master plan for the physical development of the unincorporated areas within the jurisdiction of the planning commission. The master plan with the accompanying maps, plats, charts, and descriptive material shall show the recommendations of the planning commission for the use and development of the unincorporated areas within the jurisdiction of the planning commission. The planning commission shall make a preliminary report and hold a public hearing thereon. The master plan recommended thereunder shall be presented in a final report to the Mobile County Commission. The Mobile County Commission shall not hold a public hearing and take action until it has received the final report of the planning commission. After a public hearing by the Mobile County...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49-261.03.htm - 1K - Match Info - Similar pages
45-49-150.12
Section 45-49-150.12 Revocation of permits. (a) For good cause shown, the sheriff may revoke any bingo permit issued pursuant to this part if the bingo permit holder or any officer, director, agent, member, or employee violates this part or any rules promulgated pursuant to this part. The revocation of a bingo permit by the sheriff shall become effective immediately. The bingo permit holder then has a 10-day period from the date of the revocation to make a written request for a hearing to the Mobile County Commission or governing body. All existing rules and procedures for meetings and hearings before the Mobile County Commission or governing body shall apply to the hearing unless in direct conflict with this part. (b) Following a full hearing and the rendering of a written decision by the Mobile County Commission or governing body, either party may appeal the decision to the Circuit Court of Mobile County and request a trial by jury. The rendering of a decision adverse to the bingo...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49-150.12.htm - 1K - Match Info - Similar pages
45-49-171.43
Section 45-49-171.43 Funding - Accounts; disposition of funds. (a) The county commission shall establish an account or accounts within the general fund of the county for payment of such amounts recommended by the Mobile County Indigent Care Board, as set forth herein. The county commission shall place into such account or accounts an amount equal to the sum of one-half, or 50 percent, of all oil and gas severance tax revenues, designated for and distributed to the General Fund of Mobile County, and remaining after distribution of those revenues to the Mobile County Board of Health and the Mobile County Board of Education provided for by Section 45-49-248, pursuant to Article 1, commencing with Section 40-19-1, of Chapter 20, Title 40, as amended, not to include any and all net revenues held in escrow, as a result of litigation, for Mobile County which have been collected pursuant to Act 79-434 and Act 80-708. (b) Allocation of such revenues for indigent care shall not exceed five...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49-171.43.htm - 2K - Match Info - Similar pages
45-49-81.24
Section 45-49-81.24 Supplemental salary - Confidential secretaries. In addition to the salaries paid to the confidential secretaries serving in the circuit or district courts of the Thirteenth Judicial Circuit by the state, there may also be paid to each of the secretaries a supplemental salary not to exceed the sum equal to 40 percent of the salary paid to each of the secretaries by the state. At the discretion of the Mobile County Commission, the supplemental salary shall be paid out of the general fund of the county in equal installments at the same time and in the same manner that the salaries of other county employees are paid. (Act 90-703, p. 1364, § 1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49-81.24.htm - 979 bytes - Match Info - Similar pages
45-49-81
Section 45-49-81 Supplemental salary - Circuit or District Court. In addition to the salaries paid to the bailiffs serving in the Circuit or District Court of the Thirteenth Judicial Circuit by the state, there may also be paid to each of the bailiffs a supplemental salary not to exceed the sum equal to 40 percent of the salary paid to each of the bailiffs by the state. At the discretion of the Mobile County Commission, the supplemental salary shall be paid out of the general fund of the county in equal installments at the same time and in the same manner that the salaries of other county employees are paid. (Act 85-581, p. 894, § 1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49-81.htm - 950 bytes - Match Info - Similar pages
27-8-27
Section 27-8-27 Payment of commission or other valuable consideration to unlicensed persons not allowed; exceptions. Repealed by Act 2001-702, p. 1509, § 16, effective January 1, 2002. (Acts 1957, No. 598, p. 848, §3; Acts 1971, No. 407, p. 707, §176; Acts 1981, No. 81-862, p. 1635, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-8-27.htm - 653 bytes - Match Info - Similar pages
|