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5-16-14
Section 5-16-14 Directors, officers and employees. Repealed by Act 2015-70 effective April
21, 2015. (Acts 1939, No. 459, p. 616; Code 1940, T. 5, §220; Acts 1943, No. 107, p. 107.)...
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10A-2-8.30
Section 10A-2-8.30 General standards for directors. REPEALED IN THE 2019 REGULAR SESSION BY
ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) A director
shall discharge his or her duties as a director, including duties as a member of a committee:
(1) In good faith; (2) With the care an ordinarily prudent person in a like position would
exercise under similar circumstances; and (3) In a manner the director believes to be in the
best interests of the corporation. (b) In discharging his or her duties, a director is entitled
to rely on information, opinions, reports, or statements, including financial statements and
other financial data, if prepared or presented by: (1) One or more officers or employees of
the corporation whom the director reasonably believes to be reliable and competent in the
matters; (2) Legal counsel, public accountants, certified public accountants, or other persons
as to matters the director reasonably believes are within the...
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10A-2-8.31
Section 10A-2-8.31 Fiduciary obligations not impaired. REPEALED IN THE 2019 REGULAR SESSION
BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Neither
an unqualified statement of rights or powers, nor an unqualified grant of authority in this
chapter, shall be taken or construed to abrogate, repeal, displace, modify or impair the fiduciary
obligations of directors or other officers or employees of a corporation, or of shareholders
having or exercising control thereof, or any function thereof, whether by reason of ownership
of a majority, or other controlling, interest therein, or otherwise, or the jurisdiction of
the courts to grant relief by way of injunction or otherwise, in order to forestall, prevent,
correct, remedy or allow damages for fraud, oppression, imposition or other inequitable or
remedial conduct in conformity with the applicable principles and practices of law. (Acts
1994, No. 94-245, p. 343, §1; §10-2B-8.31; amended and renumbered...
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10A-2-6.30
Section 10A-2-6.30 Shareholders' preemptive rights. REPEALED IN THE 2019 REGULAR SESSION BY
ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) The
shareholders of a corporation have a preemptive right to acquire the corporation's unissued
shares except to the extent the articles of incorporation otherwise provide. (b) The following
principles govern a shareholder's preemptive rights under this section, except to the extent
the articles of incorporation expressly provide otherwise: (1) The shareholders of the corporation
have a preemptive right, granted on uniform terms and conditions prescribed by the board of
directors to provide a fair and reasonable opportunity to exercise the right, to acquire proportional
amounts of the corporation's unissued shares upon the decision of the board of directors to
issue them. (2) A shareholder may waive his or her preemptive right. A waiver evidenced by
a writing is irrevocable even though it is not supported by...
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10A-2-16.02
Section 10A-2-16.02 Inspection of records by 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 shareholder of a domestic corporation or of a foreign corporation with its principal office
within this state is entitled to inspect and copy, during regular business hours at the corporation's
principal office, or if its principal office is outside this state, at a reasonable location
within this state, specified by the corporation, any of the records of the corporation described
in Section 10A-2-16.01(e) if he or she gives the corporation written notice of his or her
demand at least five business days before the date on which he or she wishes to inspect and
copy. (b) A shareholder of a domestic corporation or of a foreign corporation with its principal
office within this state who shall have been a holder of record of shares for 180 days immediately
preceding his or her demand or who is the holder...
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16-15-6
Section 16-15-6 Members, officers and directors; record of proceedings. Repealed by Act 2015-70
effective April 21, 2015. (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §6.)...
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11-8-14
Section 11-8-14 Appointment of officers and employees. Repealed by Act 2007-488, p. 1037, §2,
effective September 1, 2007. (Acts 1935, No. 379, p. 803; Code 1940, T. 12, §89.)...
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11-44-94
Section 11-44-94 Conflicts of interest of municipal officers and employees. Repealed by Act
2016-295, §1(a), effective May 10, 2016. (Acts 1911, No. 281, p. 330; Code 1940, T. 37, §108.)...
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11-44-28
Section 11-44-28 Selection, compensation, removal, etc., of officers and employees generally.
Repealed by Act 2016-295, §1(a), effective May 10, 2016. (Acts 1911, No. 504, p. 591; Code
1923, §2351; Acts 1933, Ex. Sess., No. 150, p. 139; Acts 1935, No. 505, p. 1083; Code 1940,
T. 37, §50.)...
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11-44-103
Section 11-44-103 Certain persons not to become officers or employees of municipality. Repealed
by Act 2016-295, §1(a), effective May 10, 2016. (Acts 1911, No. 281, p. 330; Code 1940, T.
37, §117.)...
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