27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant to
this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which the
payment of debt service referable to bonds, notes, or other evidences of indebtedness of a
development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of the
authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes, or
other evidences of indebtedness of a development agency that are issued solely for the purpose
in financing a project and that are guaranteed, in whole or in part,...
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40-27-1
Section 40-27-1 Compact adopted; terms. The following Multistate Tax Compact is hereby approved,
adopted and enacted into law by the State of Alabama: Multistate Tax Compact Article I. Purposes.
The purposes of this compact are to: 1. Facilitate proper determination of state and local
tax liability of multistate taxpayers, including the equitable apportionment of tax bases
and settlement of apportionment disputes. 2. Promote uniformity or compatibility in significant
components of tax systems. 3. Facilitate taxpayer convenience and compliance in the filing
of tax returns and in other phases of tax administration. 4. Avoid duplicative taxation. Article
II. Definitions. As used in this compact: 1. "State" means a state of the United
States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or possession
of the United States. 2. "Subdivision" means any governmental unit or special district
of a state. 3. "Taxpayer" means any corporation, partnership, firm,...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
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37-6-3
Section 37-6-3 Enumerated powers. A cooperative shall have the power: (1) To sue and be sued
in its corporate name. (2) To adopt a corporate seal and alter the same at its pleasure. (3)
To generate, manufacture, purchase, acquire and transmit electric energy and to distribute,
sell, supply and dispose of electric energy to its members, to governmental agencies and political
subdivisions and to other persons; provided, however, that should a cooperative acquire any
electric facilities dedicated or devoted to the public use, it may continue to serve the persons
served directly from such facilities at the time of such acquisition without requiring that
such persons become members, and, provided further, that such nonmembers shall have the right
to become members upon nondiscriminatory terms. Cooperatives may not condition membership
or provision of service on compliance by the member with requirements not directly related
to the electric or other service to be provided by the cooperative....
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11-43A-102
Section 11-43A-102 Continuation of offices, departments, etc., until otherwise provided. Any
office, department, board or agency provided for in this article with a name or with powers
and duties which are the same or substantially the same as those of any office, department,
board or agency heretofore existing shall continue to exercise its powers and duties, unless
and until otherwise provided. Any provision of law, rule, regulation, contract, grant or other
right relating to any such formerly existing office, department, board or agency shall, so
far as not inconsistent with the provisions of this article, apply to any office, department,
board or agency provided for herein. (Acts 1991, No. 91-545, p. 973, §33.)...
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11-43A-38
Section 11-43A-38 Continuation of offices, departments, etc., until otherwise provided. Any
office, department, board, or agency provided for in this article with a name or with powers
and duties the same or substantially the same as those of an office, department, board, or
agency heretofore existing shall continue to exercise its powers and duties, until otherwise
provided. Any provision in any law, rule, regulation, contract, grant, or other document relating
to such a formerly existing office, department, board, or agency, shall, so far as not inconsistent
with the provisions of this article, apply to such office, department, board, or agency provided
for by this article. (Acts 1982, No. 82-517, p. 851, §37.)...
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11-44E-144
Section 11-44E-144 Office, etc., with name or powers and duties the same or substantially same
as existing office deemed a continuation of such office. Any office, department, board, or
agency provided for in this chapter with a name or with powers and duties the same or substantially
the same as those of an office, department, or agency heretofore existing shall be deemed
to be a continuation of such office, department, or agency and, until otherwise provided,
shall exercise its powers and duties in continuation of their exercise by the office, department,
board, or agency by which the same were heretofore exercised and, until otherwise provided,
shall have power to continue any business, proceeding, or other matter within the scope of
its regular powers and duties commenced by an office, department, or agency by which such
powers and duties were heretofore exercised. Any provision in any law, rule, regulation, contract,
grant, or other document relating to such a formerly existing...
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45-8A-23.234
Section 45-8A-23.234 Continuity of officers, department, board, or agencies. Any office, department,
board, or agency provided for in this part with a name or with powers and duties the same
or substantially the same as those of an office, department, board, or agency heretofore existing
shall continue to exercise its powers and duties. Any provision in any law, rule, regulation,
contract, grant, or other document relating to such a formerly existing office, department,
board, or agency, shall, so far as not inconsistent with the provisions of this part apply
to such office, department, board, or agency provided for by this part. (Acts 1953, No. 404,
p. 472, §8.05.)...
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11-43B-21
Section 11-43B-21 Transfer of powers and duties from existing offices to similar offices provided
for in this chapter; applicability of laws relating to existing offices. Any office, department,
board, or agency provided for in this chapter with a name or with powers and duties the same
or substantially the same as those of an office, department, board, or agency heretofore existing
shall continue to exercise its powers and duties, until otherwise provided. Any provision
in any law, rule, regulation, contract, grant, or other document relating to such a formerly
existing office, department, board, or agency, shall, so far as not inconsistent with the
provisions of this chapter, apply to such office, department, board, or agency provided for
by this chapter. (Acts 1985, 2nd Ex. Sess., No. 85-926, p. 213, §21.)...
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