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10A-5-1.06
Section 10A-5-1.06 Application of partnership provisions to limited liability companies; classification
for federal income tax purposes. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE
JANUARY 1, 2017. (a) The terms "partnership" and "limited partnership,"
when used in any chapter or title other than the Alabama Limited Liability Company Law, the
Alabama General Partnership Law, and the Alabama Limited Partnership Law, and any successors
of those laws, include a limited liability company organized under this chapter, unless the
context requires otherwise. (b) Notwithstanding subsection (a), for purposes of taxation,
other than Chapter 14A of Title 40, a domestic or foreign limited liability company shall
be treated as a partnership unless it is classified otherwise for federal income tax purposes,
in which case it shall be classified in the same manner as it is for federal income tax purposes.
(c) A foreign or domestic limited liability company governed by this chapter...
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14-1-18
Section 14-1-18 Capital Outlay Oversight Commission; creation, composition; appointment; meetings;
quorum; capital outlays and capital improvements; compensation; funding from oil and gas leases.
REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN
THE CURRENT CODE SUPPLEMENT. (Acts 1981, No. 81-764, p. 1306.)...
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8-25A-1
Section 8-25A-1 Recovery fee included in rental agreement for heavy equipment property. (a)
Except as provided in subsection (b), a person in the business of renting heavy equipment
property located in this state may include in the rental agreement a one and one-half percent
recovery fee on the gross rental receipts from any item of heavy equipment rented by a customer.
The total amount of the recovery fee shall be retained by the business for the purpose of
paying personal property taxes levied by all taxing jurisdictions against the heavy equipment
property. For the purposes of this section, heavy equipment property includes self-propelled,
self-powered, or pull-type equipment, including farm equipment, that is intended to be used
for agricultural, construction, industrial, mining, or forestry uses. Heavy equipment property
also includes equipment that is described under Industry Code 532412 of the 2002 North American
Industry Classification System as published by the Bureau of the...
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22-50-25
Section 22-50-25 Mental Health Capital Outlay Oversight Commission; creation; membership; appointment;
vacancy; meetings; quorum; appropriation for capital outlays and improvements; compensation;
funding from oil and gas leases. REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE
JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (Acts 1981, No. 81-770, p. 1326,
§7.)...
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10A-2-10.01
Section 10A-2-10.01 Authority to amend articles of incorporation. REPEALED IN THE 2019 REGULAR
SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A corporation may amend its articles of incorporation at any time to add or change a provision
that is required or permitted in the articles of incorporation or to delete a provision not
required in the articles of incorporation. Whether a provision is required or permitted in
the articles of incorporation is determined as of the effective date of the amendment. (b)
A shareholder of the corporation does not have a vested property right resulting from any
provision in the articles of incorporation, including provisions relating to management, control,
capital structure, dividend entitlement, or purpose or duration of the corporation. (Acts
1994, No. 94-245, p. 343, §1; §10-2B-10.01; amended and renumbered by Act 2009-513, p. 967,
§129.)...
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10A-5-5.02
Section 10A-5-5.02 Liability for contributions. REPEALED IN THE 2014 REGULAR SESSION BY ACT
2014-144 EFFECTIVE JANUARY 1, 2017. (a) Except as provided in the certificate of formation,
a member is obligated to the limited liability company to perform any promise to pay cash
or convey property or to render services, even if the member is unable to perform because
of death, disability, or any other reason. A member who does not perform such a promise is
obligated at the option of the limited liability company to pay cash equal to the amount or
value of the portion of the contribution that has not been paid, conveyed, or rendered. (b)
The operating agreement may provide that the interest of any member who fails to make any
contribution that the member is obligated to make, or who fails to pay any agreed assessment
that the member is obligated to make, shall be subject to a reasonable penalty for such failure.
The penalty may take the form of reducing the defaulting member's proportionate...
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41-10-727
Section 41-10-727 Definitions. As used in this division, the following words shall have the
following meanings: (1) DEPARTMENT. The Department of Revenue. (2) EMPLOYEE. An employee,
as defined in the Internal Revenue Code, as amended from time to time; except that any individual
providing services to an employer on an hourly, part-time, full-time, salaried, or contractual
basis shall be considered an employee for purposes of this division. (3) EMPLOYER. An employer,
as defined in the Internal Revenue Code, as amended from time to time, that is either a general
contractor or subcontractor that primarily holds itself out for hire to the general public
as a general contractor or subcontractor and who receives more than five percent of its annual
gross revenue from business described in either North American Industry Classification System
(NAICS) Code 236, 237, or 238 of the United States Department of Commerce in effect as of
January 1, 2009. This definition does not apply to or include...
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40-14B-21
Section 40-14B-21 Biennial report. (a) The Alabama Development Office shall prepare a biennial
report with respect to results of the implementation of this chapter. The report must include
all of the following: (1) The number of certified capital companies holding certified capital.
(2) The amount of certified capital invested in each certified capital company. (3) The amount
of certified capital the certified capital company has invested in qualified technology businesses
as of January 1, 2004, and the cumulative total for each subsequent year. (4) The total amount
of tax credits granted under this chapter for each year that credits have been granted. (5)
The performance of each certified capital company with respect to renewal and reporting requirements
imposed under this chapter. (6) With respect to the qualified technology businesses in which
capital companies have invested all of the following: a. The classification of the qualified
businesses according to the industrial sector...
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10-12-29
Section 10-12-29 (Applicable to limited liability companies organized after January 1, 1998,
Limited Liability Companies Not Electing To Come Under the Pre-1997 Changes, and to all limited
liability companies after December 31, 2000.) Interim distributions of property; impairment
of capital. All provisions of Title 10 have been repealed or transferred to Title 10A, effective
January 1, 2011. (Acts 1993, No. 93-724, p. 1425, §29; Act 97-920, 1st Ex. Sess., p. 312,
§1.)...
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31-12A-3
Section 31-12A-3 Academic credits based on military education, training, or service. Each board
of a state public educational institution, community college, or technical school shall adopt,
by December 31, 2013, a policy requiring each institution under the board's supervision and
management to award educational credits to a student, who is also a veteran, enrolled in the
institution for courses that are part of the student's military training or service and that
meet the standards of the American Council on Education or equivalent standards for awarding
academic credit if the award of education credit is based upon the institution's admission
standards and its role, scope, and mission. Each board shall adopt necessary rules, regulations,
and procedures to implement the provisions of this section, effective beginning with the 2014-2015
academic year and continuing thereafter. (Act 2013-350, p. 1255, §3.)...
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