Code of Alabama

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45-37-140.14
Section 45-37-140.14 Abolition of district. (a) Any district created hereunder may be abolished
in the manner provided for in this section; provided, however, that no district shall be abolished
when it has any indebtedness. (1) Upon the petition for abolition of a district, conforming
to the requirements set forth below, being filed with the judge of probate, he or she shall
order an election on abolition of the district to be held in the district with the time provided
for by Section 45-37-140.04 unless the petition is submitted less than one year before the
next scheduled primary, primary runoff, or a general election in which case the election shall
be held at the next scheduled primary, primary runoff, or a general election, at which qualified
electors residing within the district shall be entitled to vote. The number of qualified electors
residing in the district signing the petition shall not be less than the smaller of these
two numbers: 500, or a number equal to 10 percent of...
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10A-2A-11.06
Section 10A-2A-11.06 Statement or merger or stock exchange. (a) After a plan of merger has
been adopted and approved as required by this article, then a statement of merger shall be
signed by each party to the merger except as provided in Section 10A-2A-11.05(a). The statement
of merger must set forth: (1) the name, type of organization, and mailing address of the principal
office of each constituent organization, the jurisdiction of the governing statute of each
constituent organization, and the respective unique identifying number or other designation
as assigned by the Secretary of State, if any, of each constituent organization; (2) the name,
type of organization, and mailing address of the principal office of the surviving organization,
the unique identifying number or other designation as assigned by the Secretary of State,
if any, of the surviving organization, the jurisdiction of the governing statute of the surviving
organization, and, if the surviving organization is created...
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35-8A-204
Section 35-8A-204 Description of units. A description of a unit which sets forth the name of
the condominium, the recording data for the declaration, the county in which the condominium
is located, and the identifying number of the unit, is a sufficient legal description of that
unit and all rights, obligations, and interests appurtenant to that unit which were created
by the declaration or bylaws. (Acts 1990, No. 90-551, p. 858, §2-104.)...
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10A-8A-9.08
Section 10A-8A-9.08 Filings required for merger; effective date. (a) After each constituent
organization has approved the plan of merger, a statement of merger must be signed on behalf
of: (1) each constituent partnership, as provided in Section 10A-8A-2.03(a); and (2) each
other constituent organization, as provided by its governing statute. (b) A statement of merger
under this section must include: (1) the name, type of organization, and mailing address of
the principal office of each constituent organization, the jurisdiction of the governing statute
of each constituent organization, and the respective unique identifying numbers or other designations
as assigned by the Secretary of State, if any, of each constituent organization; (2) the name,
type of organization, and mailing address of the principal office of the surviving organization,
the unique identifying number or other designation as assigned by the Secretary of State,
if any, of the surviving organization, the jurisdiction...
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19-3-65
Section 19-3-65 Duration of business trust; rules against perpetuities and restraint of alienation
not violated. A business trust shall not be deemed invalid as violating the rule against perpetuities
or the law against suspension of the powers of alienation. Such trust may continue for such
time as may be necessary to accomplish the purposes for which it may be created, provided
the declaration of trust contains a provision that such trust may be terminated at any time
by action of the trustees or by the vote of a specified percentage in interest of the beneficial
owners thereof as set forth in the declaration of trust. (Acts 1961, Ex. Sess., No. 251, p.
2263, §6.)...
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24-1A-1
Section 24-1A-1 Legislative findings and declaration of purpose of chapter. (a) It is hereby
found and declared that from time to time there has existed and at the present time there
exists an inadequate supply of funds at interest rates sufficiently low to enable the financing
of safe and sanitary multi-family dwelling units for citizens of this state and single family
dwelling units for citizens of this state with low and moderate income; that the inability
to finance such single and multi-family dwelling units results in an inability of builders
to construct such housing causing unemployment or underemployment in the housing construction
and related businesses and causes a lack of safe and sanitary housing to be available to the
citizens of this state; that such unemployment or underemployment in the housing construction
and related businesses and an inadequate supply of safe and sanitary housing wastes human
resources, increases the public assistance burden of the state, impairs...
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35-8-9
Section 35-8-9 Duties and responsibilities of association for administration and management
of property. The association provided for by the declaration shall be responsible for the
administration and management of the condominium property in accordance with this chapter,
the declaration, and the bylaws. The association may be incorporated or unincorporated. All
unit owners will be stockholders or members. Unless otherwise provided in the declaration,
the association, acting through its officers or governing board, shall have the powers enumerated
below: (1) The association may maintain, repair, replace, clean, and sanitize the common and
limited common elements. (2) The association may assess and collect funds and may pay for
common expenses and limited common expenses out of such funds as are appropriate. (3) In addition
to the enforcement of the covenants and restrictions concerning use, occupancy, and transfer
of units which are included in the declaration pursuant to section...
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7-9A-519
Section 7-9A-519 Numbering, maintaining, and indexing records; communicating information provided
in records. (a) Filing office duties. For each record filed in a filing office, the filing
office shall: (1) assign a unique number to the filed record; (2) create a record that bears
the number assigned to the filed record and the date and time of filing; (3) maintain the
filed record for public inspection; and (4) index the filed record in accordance with subsections
(c), (d), and (e). (b) File number. By July 1, 2002, a file number must include a digit that:
(1) is mathematically derived from or related to the other digits of the file number; and
(2) aids the filing office in determining whether a number communicated as the file number
includes a single-digit or transpositional error. (c) Indexing: General. Except as otherwise
provided in subsections (d) and (e), the filing office shall: (1) index an initial financing
statement according to the name of the debtor and index all filed...
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8-6-8
Section 8-6-8 Registration of securities - Registration statement; conditions precedent; bond;
notice of action; fees; quarterly reports and financial statements; discharge from supervision.
(a) A registration statement on securities may be filed by the issuer, any other person on
whose behalf the offering is to be made, or a registered dealer. Any document filed under
this article within five years preceding the filing of a registration statement may be incorporated
by reference in the registration statement to the extent that the document is currently accurate.
The commission may permit, by rule or otherwise, the omission of any item of information or
document from any registration statement. (b) The Securities Commission may require as a condition
of registration by qualification or coordination that: (1) proceeds from the sale of the registered
security be impounded until the issuer receives a specified amount, or (2) any security issued
within the past three years, or to be...
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10A-16-1.06
Section 10A-16-1.06 Duration of business trust; rules against perpetuities and restraint of
alienation not violated. A business trust shall not be deemed invalid as violating the rule
against perpetuities or the law against suspension of the powers of alienation. Such trust
may continue for the time as may be necessary to accomplish the purposes for which it may
be created, provided the declaration of trust contains a provision that the trust may be terminated
at any time by action of the trustees or by the vote of a specified percentage in interest
of the beneficial owners thereof as set forth in the declaration of trust. (Acts 1961, Ex.
Sess., No. 251, p. 2263, §6; §19-3-65; amended and renumbered by Act 2009-513, p. 967, §318.)...

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