2-10-103
Section 2-10-103 Charges for expenses and creating reserve; patronage dividends. An association incorporated under this article may make charges to its members and deductions from the proceeds of their products for services rendered to them, for the purpose of paying the expenses of operation and the maintenance and development of such association and for the creation and maintenance of reserves for the purpose of paying expenses, retiring obligations, acquiring, maintaining and operating property necessary or useful in carrying out the purpose of this article and for caring for contingencies, and such reserves may be used or distributed as may be deemed proper by the board of directors under the bylaws. Such corporation may make patronage dividends or distributions to its members and may do any and all things not unlawful in carrying out the purposes of this article, and shall have and enjoy all the rights, privileges and immunities of other corporations not inconsistent with this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-10-103.htm - 1K - Match Info - Similar pages
2-10-94
Section 2-10-94 Board of directors. The affairs of an association incorporated under this article shall be conducted, controlled and managed by a board of directors of such number, not to be less than five, and with such terms of office as may be provided by the bylaws. The said directors shall be elected by the members or stockholders of the association from their own number. When a vacancy on the board of directors occurs other than by expiration of term, the remaining members of the board by a majority vote shall fill the vacancy until the next regular meeting of the members of the association. An association may provide a fair remuneration for the time actually spent by its officers and directors in its service. No director, during his term of office, shall be a party to a contract for profit with the association differing in any way from the business relations accorded regular members or holders of stock of the association. (Acts 1935, No. 220, p. 604; Code 1940, T. 2, §118; Acts...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-10-94.htm - 1K - Match Info - Similar pages
35-8-12
Section 35-8-12 Liability, actions, and service of process. (a) Neither the association nor any unit owner shall be liable for the individual acts or omissions of any other unit owner. (b) All actions seeking liability of unit owners arising by virtue of their condominium ownership and who are not liable by reason of any act or omission on their own part shall be directed against the association and defended by the association. Where plaintiff's demand exceeds unit owner insurance established by the association, such unit owner must be given notice by the association and shall have the right at his own expense to individual representation by counsel. (c) A unit owner, not liable by reason of any act or omission on his own part, shall have no liability for any settlement, judgment, or cost of defense incurred by the association with relation to limited common elements in which he has no interest. (d) A unit owner shall be liable for no more than a pro rata share of any settlement,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-8-12.htm - 3K - Match Info - Similar pages
40-9-25.20
Section 40-9-25.20 Community Action Association of Alabama. The Community Action Association of Alabama and its member agencies are exempted from paying or collecting any state, county, and municipal sales and use taxes, except this exemption shall not apply to county or municipal sales and use taxes unless approved by resolution of the respective local governing body. (Act 2014-407, p. 1505, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9-25.20.htm - 710 bytes - Match Info - Similar pages
45-49-242.02
Section 45-49-242.02 Real and personal property owned and used by nonprofit businesses and corporations as community centers, recreational facilities, etc. In Mobile County, all real and personal property owned and used as incorporated and nonprofit community centers, incorporated and nonprofit ball parks, and incorporated and nonprofit recreational facilities by nonprofit businesses and corporations is hereby exempted from county ad valorem taxation. (Act 85-362, p. 306, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49-242.02.htm - 792 bytes - Match Info - Similar pages
45-6-242.61
Section 45-6-242.61 Bullock County Ambulance Services, Inc. The Bullock County Ambulance Service, Inc., is hereby exempted from paying any county or municipal sales or use taxes. (Act 80-526, p. 804, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-6-242.61.htm - 514 bytes - Match Info - Similar pages
40-9-25.13
Section 40-9-25.13 Big Oak Ranch, Inc. The Big Oak Ranch, Incorporated, Administrative Office in Springville, Alabama, is exempted from paying or collecting any state, county, and municipal sales and use taxes. (Act 2006-250, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9-25.13.htm - 539 bytes - Match Info - Similar pages
10A-3-1.03
Section 10A-3-1.03 Applicability. (a) The provisions of this chapter relating to domestic nonprofit corporations shall apply to: (1) All nonprofit corporations organized hereunder; and (2) All nonprofit corporations heretofore organized under any act hereby or heretofore repealed, for a purpose or purposes for which a nonprofit corporation might be organized under this chapter. (b) The provisions of this chapter relating to foreign nonprofit corporations shall apply to all foreign nonprofit corporations conducting affairs in Alabama for a purpose or purposes for which a nonprofit corporation might be organized under this chapter. (c) Beginning May 1, 2004, the Young Men's Christian Association (YMCA) of Mobile which was incorporated by Act 405 approved on February 18, 1895, shall be subject to this chapter. Prospectively from May 1, 2004, the YMCA of Mobile shall be entitled to all of the rights and privileges of a nonprofit corporation including, but not limited to, the right to amend...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-3-1.03.htm - 1K - Match Info - Similar pages
37-8-28
Section 37-8-28 Free passes, rebates or discounts, etc. - Exemptions. Section 37-8-27 shall not apply to employees of railroads, or other common carriers and their families, nor to the widows and dependent children of deceased employees, nor to employees who have retired from active service, by reason of age or physical infirmities, and the wives and dependent children of the latter, nor to officers or agents, surgeons, physicians and attorneys-at-law of such carriers, and the immediate families of such persons, to sheriffs, to ministers of religion, traveling secretaries of the Young Men's Christian Association and the Young Women's Christian Association, inmates of hospitals and charitable and eleemosynary institutions and persons exclusively engaged in charitable and eleemosynary work; to indigent, destitute and homeless persons, and to such persons when transported by charitable societies and hospitals and the necessary agents, employed in such transportation; to the widows of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-8-28.htm - 2K - Match Info - Similar pages
40-9-25.10
Section 40-9-25.10 Anniston Fellowship House, Wings of Life, Jacksonville Christian Outreach Center, Wiregrass Children's Home, DoDa Parade, Lee County Humane Society, and Huntsville Emergency Medical Services. The Anniston Fellowship House, Inc., the Wings of Life, Inc., the Jacksonville Christian Outreach Center, Inc., Wiregrass Children's Home, Inc., DoDa Parade, Lee County Humane Society, and Huntsville Emergency Medical Services, Inc., are exempted from paying any state, county, and municipal sales or use taxes. (Acts 1997, No. 97-709, p. 1460, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9-25.10.htm - 869 bytes - Match Info - Similar pages
|