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11-65-5
Section 11-65-5 Composition of commission; terms; qualifications; removal from office. (a)
Every commission shall have five members, which shall constitute its governing body. All powers
of a commission shall be exercised by its members or pursuant to their authorization. The
mayor or other chief executive officer of the sponsoring municipality and the president or
other designated presiding officer of the county commission of the host county shall each
serve as a member ex officio, unless such official exercises his or her right, as provided
in subsection (b), to appoint a fixed-term member to serve in lieu of such official. The service
of each such official as a member shall begin with the beginning of his or her tenure in such
office and shall end with the ending of such tenure or the appointment by such official of
a fixed-term member to serve in lieu of his or her ex officio service. The other three members
shall be appointed in the manner hereinafter prescribed as soon as may be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-65-5.htm - 17K - Match Info - Similar pages
45-37-123.01
Section 45-37-123.01 Definitions. For the purposes of this part, the following terms shall
have the following meanings: (1) ACT. The act adding this part, to be called the General Retirement
System for Employees of Jefferson County Act. (2) ACTIVE MEMBER. An individual who currently
is employed by the county or other entities set forth in subdivision (20) and is making employee
contributions to the system. (3) ACTUARIAL EQUIVALENT. Effective July 30, 1984, or such other
dates as set forth in Exhibit A, which is maintained in the office of the pension board, a
form of benefit differing in time, period, or manner of payment from a specific benefit provided
under the plan but having the same value when computed using the mortality tables, the interest
rate, and any other assumptions last adopted by the pension board, which assumptions shall
clearly preclude any discretion in the determination of the amount of a member's benefit.
(4) ACTUARIAL GAIN. As defined in Section...
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41-18-1
Section 41-18-1 Text. Article I. Findings and Purposes. (a) The party states find that the
South has a sense of community based on common social, cultural and economic needs and fostered
by a regional tradition. There are vast potentialities for mutual improvement of each state
in the region by cooperative planning for the development, conservation and efficient utilization
of human and natural resources in a geographic area large enough to afford a high degree of
flexibility in identifying and taking maximum advantage of opportunities for healthy and beneficial
growth. The independence of each state and the special needs of subregions are recognized
and are to be safeguarded. Accordingly, the cooperation resulting from this agreement is intended
to assist the states in meeting their own problems by enhancing their abilities to recognize
and analyze regional opportunities and take account of regional influences in planning and
implementing their public policies. (b) The purposes of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-18-1.htm - 24K - Match Info - Similar pages
5-17-22
Section 5-17-22 Merger and conversion procedures. Any credit union, with the approval of the
Administrator of the Alabama Credit Union Administration, may merge with another credit union,
under the existing certificate of organization of the other credit union, pursuant to any
plan agreed upon by the majority of each board of directors of each credit union joining in
the merger. In addition to approval by the administrator and each board of directors, the
membership of the merging credit union must also approve the merger plan in the following
manner: (1) At a meeting called for that purpose, notice of which purpose must be contained
in the call, two-thirds of those voting may vote to approve the merger plan. Voting must be
conducted in accordance with the bylaws of the credit union. The notice must be provided to
the members at least 45 calendar days, but no more than 90 calendar days, prior to the date
of the meeting. (2) After agreement by the directors and approval by the members...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-22.htm - 5K - Match Info - Similar pages
5-17-55
Section 5-17-55 Credit Union Board created; composition; appeals. (a) There shall be a Credit
Union Board of the Alabama Credit Union Administration which shall consist of the administrator,
who shall be an ex officio member and chair of the board, and seven other persons, appointed
by the Governor, by and with the consent of the Senate. Four of these persons shall be appointed
from a list of nominees submitted by the Credit Union Board of the Alabama Credit Union Administration,
in consultation with the League of Southeastern Credit Union or its successor organization,
which shall submit not less than three nominees for any vacancy. Should the Governor determine
that none of the first three nominees submitted by the Credit Union Board for a vacancy on
the Credit Union Board are acceptable, the Governor may reject the three nominees, and the
Credit Union Board shall submit an alternative list of three nominees to the Governor from
which the Governor shall make the appointment. The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-55.htm - 7K - Match Info - Similar pages
5-17-2
Section 5-17-2 Procedure for organization and incorporation. (a) For the purposes of this chapter,
both a natural person credit union and a corporate credit union are considered a credit union
unless otherwise indicated. (b) The following may apply to the Administrator of the Alabama
Credit Union Administration for permission to organize a credit union: (1) For a natural person
credit union, any seven residents of the state. (2) For a corporate credit union, any seven
or more individuals each representing different natural person credit unions. (c) A credit
union is organized in the following manner: The applicants shall execute in duplicate a certificate
of organization by the terms of which they agree to be bound. The certificate shall state:
(1) the name and location of the proposed credit union, (2) the names and addresses of the
subscribers to the certificate and the number of shares subscribed by each, and (3) the par
value of the shares of the credit union. They shall next...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-2.htm - 3K - Match Info - Similar pages
40-16-1.3
Section 40-16-1.3 Net income of credit unions. (a) With respect to credit unions only, net
income means financial statement income which is the final net income amount, total revenue
less total expenses, calculated for financial statement purposes and reported to the Internal
Revenue Service as a tax exempt organization and to the Alabama Credit Union Administration
or other government regulatory authority as appropriate, less the subtractions specified in
subsection (b) and as allocated and apportioned to Alabama according to rules adopted by the
Department of Revenue pursuant to Section 40-16-4. (b) Subtractions. The following items shall
be subtracted from financial statement income for purposes of computing the net income of
a credit union under this chapter: (1) Dividends received from other credit unions and credit
union service organizations as defined by federal law and the regulations of the National
Credit Union Administration. (2) In lieu of deductions for losses or bad...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-16-1.3.htm - 1K - Match Info - Similar pages
5-17-10
Section 5-17-10 Election of board of directors, credit committee, and supervisory committee.
At the annual meeting (the organization meeting shall be the first annual meeting), members
of the credit union shall elect a board of directors of not less than five members, may elect
a credit committee of not less than three members, and shall elect a supervisory committee
of not less than three members, all to hold office for such terms respectively as the bylaws
provide and until successors qualify. A record of the names and addresses of the members of
the board and committees and the officers shall be filed with the Administrator of the Alabama
Credit Union Administration not later than 10 calendar days after their election. If, however,
the bylaws so provide, the board of directors shall carry out the functions and duties of
the credit committee or may appoint a credit committee, in which case the credit union shall
not elect a credit committee. (Acts 1927, No. 597, p. 696; Code 1940, T....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-10.htm - 1K - Match Info - Similar pages
34-23-90
Section 34-23-90 Authority; composition. (a) The Alabama State Board of Pharmacy is vested
with the authority to carry out the purposes of and enforce this chapter. The board shall
consist of five members who are citizens of this state. The members of the board shall be
licensed pharmacists who have been licensed in this state for a minimum of five years and
who are actively engaged in the practice of pharmacy or pharmacy administration, or both.
(b) Three members shall be appointed by the Governor. Of the three appointed members, one
member shall be engaged in the practice of pharmacy or pharmacy administration, or both, in
a hospital, one in an independent pharmacy, and one in a chain pharmacy. On or before August
1, 1996, and each five years thereafter, or whenever a vacancy occurs in the designated position
for hospital pharmacists, the Alabama Society of Health System Pharmacists, or its successor
organization, shall submit a list of three nominees to the Governor. On or before...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-23-90.htm - 6K - Match Info - Similar pages
5-17-46
Section 5-17-46 Policies, regulations, and interpretations; review for ratification; procedure
for adopting, amending or repealing. (a) The administrator may, with the concurrence of a
majority of the members of the Credit Union Board, promulgate such reasonable regulations,
consistent with the laws of this state, as may be necessary to carry out the laws over which
the Alabama Credit Union Administration has jurisdiction. The administrator shall, in addition,
issue written interpretations of credit union laws and regulations. Any credit union and any
officer or director thereof relying on any regulation or interpretation shall be fully protected
even though the same regulation or interpretation shall be thereafter ruled invalid for any
reason by a court of competent jurisdiction. (b) Any policy or written interpretation or credit
union laws and regulations shall be reviewed for ratification by the Credit Union Board within
90 days after written request for an interpretation by any...
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