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10A-4-4.02
Section 10A-4-4.02 Merger and conversion. (a) A domestic professional corporation may convert
to or merge with another corporation, professional corporation, or another type of entity,
domestic or foreign, under the Alabama Business Corporation Law, or may merge with or convert
to another type of entity as permitted by Article 8 of Chapter 1. Upon the merger, consolidation,
or conversion, if the surviving or new corporation or converted entity, as the case may be,
is to render professional services in Alabama, it shall comply with the provisions of this
chapter. (b) An unincorporated professional association organized under Article 1 of Chapter
30 may merge or consolidate with a professional corporation organized under this chapter.
In the merger, the procedure specified in the Alabama Business Corporation Law shall apply,
provided that: (1) The surviving corporation shall be a domestic professional corporation,
(2) The following terms, when used in the Alabama Business Corporation Law...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-4-4.02.htm - 2K - Match Info - Similar pages
10A-5-9.01
Section 10A-5-9.01 Merger and consolidation. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144
EFFECTIVE JANUARY 1, 2017. (a) Pursuant to any agreement, a domestic limited liability company
may merge or consolidate with or into one or more limited liability companies or other business
entities formed or organized under the laws of this state, any other state, the United States,
or any foreign jurisdiction, with the domestic limited liability company or the other business
entity being the surviving or resulting domestic limited liability company or other business
entity. Except as otherwise specifically provided for in the operating agreement, a merger
shall be approved by each domestic limited liability company which is to merge by all the
members at the time approval of the merger is voted on. (b) Notwithstanding prior approval,
an agreement of merger may be terminated prior to filing articles of merger with the Secretary
of State or amended pursuant to a provision for the...
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25-4-9
Section 25-4-9 Employing unit. "Employing unit," as used in this chapter, means any
individual or type of organization, including any partnership, association, trust estate,
joint stock company or corporation, whether domestic or foreign, or the receiver, trustee
in bankruptcy, trustee or successor thereof, or the legal representative of a deceased person,
which has, or subsequent to January 1, 1935, had in its employ one or more individuals performing
services for it within this state. All individuals performing services within this state for
any employing unit which maintains two or more separate establishments within this state shall
be deemed to be employed by a single employing unit for all the purposes of this chapter.
(Acts 1939, No. 497, p. 721; Code 1940, T. 26, §183.)...
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27-29-6.1
Section 27-29-6.1 Registered insurers - Supervisory colleges. (a) With respect to any insurer
registered under Section 27-29-4, and in accordance with subsection (c), the commissioner
shall also have the power to participate in a supervisory college for any domestic insurer
that is part of an insurance holding company system with international operations in order
to determine compliance by the insurer with this title. The powers of the commissioner with
respect to supervisory colleges include, but are not limited to, the following: (1) Initiating
the establishment of a supervisory college. (2) Clarifying the membership and participation
of other supervisors in the supervisory college. (3) Clarifying the functions of the supervisory
college and the role of other regulators, including the establishment of a group-wide supervisor.
(4) Coordinating the ongoing activities of the supervisory college, including planning meetings,
supervisory activities, and processes for information sharing....
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27-31C-4
Section 27-31C-4 Issuance of license - Requirements. (a)(1) The commissioner may not issue
a license to an Alabama Coastal Captive Insurance Company unless the company possesses and
maintains unimpaired paid-in capital of not less than one million dollars ($1,000,000); however,
in the case of an Alabama Coastal Captive Insurance Company formed as a sponsored captive
insurance company that does not assume any risk, where the risks insured by the protected
cells are homogenous, the commissioner may reduce this amount to an amount not less than five
hundred thousand dollars ($500,000). (2) a. Except for an Alabama Coastal Captive Insurance
Company formed as a sponsored captive insurance company that does not assume any risk, the
capital must be in the form of cash, cash equivalent, or an irrevocable letter of credit issued
by a bank chartered by this state or a member bank of the Federal Reserve System with a branch
office in this state or as approved by the commissioner. b. For an...
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5-11A-1.1
Section 5-11A-1.1 Branching of trust companies; branching of out-of-state trust companies;
reciprocity; cooperative agreements. All corporations organized under this chapter shall have
the right to establish offices in the same manner as a bank may establish branches under this
title. At the discretion of the superintendent, out-of-state trust companies and out-of-state
banks may also establish offices in this state in the same manner as out-of-state banks may
establish branches in this state provided the superintendent determines that reciprocity exists
so that an Alabama bank or trust company could establish a similar office under substantially
equivalent requirements in the home state of the out-of-state bank or trust company. The superintendent
may enter into cooperative, coordinated, and information-sharing agreements with any other
bank supervisory agencies with respect to the establishment, acquisition, periodic examination,
or other supervision of any office in this state of an...
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5-13B-99
Section 5-13B-99 Amended license to establish and maintain a branch or agency. (a) A foreign
bank which is licensed to establish and maintain an Alabama state branch or Alabama state
agency must secure an amended license if it changes its corporate name, changes the duration
of its corporate existence, or desires to pursue in this state other or additional purposes
than those set forth in its prior application under this article for a license, by making
application therefor to the superintendent. (b) The requirements with respect to the form
and contents of an application under subsection (a), the manner of its execution, the filing
of duplicate originals thereof with the superintendent, the issuance of an amended license
and the effect thereof shall be the same as in the case of an initial application for a license
to establish and maintain an Alabama state branch or Alabama state agency. (Acts 1995, No.
95-115, p. 134, §47.)...
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5-23-1
Section 5-23-1 Definitions. The following terms shall have the meanings ascribed to them unless
the context clearly indicates otherwise: (1) TREASURER. The State Treasurer of Alabama. (2)
FINANCIAL INSTITUTION. Any bank, savings and loans association or credit union operating in
Alabama which is chartered under federal or state statutes. (3) FINANCIAL INSTITUTION CREDIT
CARD. A credit card that entitles the holder to make open-account purchases up to an approved
amount and which is issued through a financial institution. (4) SPONSORING ENTITY. An entity,
including specifically the State of Alabama, which solicits the use of a particular financial
institution credit card bearing the entity's name in exchange for a fee from the credit card
issuer. (5) STATE FEES. All moneys generated from this program that are remitted to the State
of Alabama. (Acts 1990, No. 90-524, p. 764, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-23-1.htm - 1K - Match Info - Similar pages
5-2A-41
Section 5-2A-41 Meetings of board - Notice; executive session; confidentiality. (a) A meeting
of the Banking Board may be held on call of the superintendent or any three members of the
Banking Board. The superintendent shall give to each member of the Banking Board at least
three days' notice of the time and place of any meeting of the Banking Board unless such notice
is waived by all the members of the Banking Board. (b) At any meeting, the Banking Board may
go into executive session in order to do any of the following: (1) Protect the confidentiality
of reports or information under Sections 5-3A-3, 5-3A-11, and 5-13B-105 and other provisions
of this title. (2) Review information concerning the condition and affairs of any proposed
bank or trust company, any bank or trust company, any subsidiary or affiliate of a bank or
trust company, or several banks or trust companies or their subsidiaries, or to review personal
or financial information of individuals. (3) Accomplish any other...
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10A-4-2.04
Section 10A-4-2.04 Rendition of professional services. A professional corporation, domestic
or foreign, may render professional services in Alabama only through individuals permitted
to render the services in Alabama; but nothing in this chapter shall be construed to require
that any individual who is employed by a professional corporation be licensed to perform services
for which no license is otherwise required or to prohibit the rendering of professional services
by a licensed individual acting in his or her individual capacity, notwithstanding the individual
may be a shareholder, member, director, officer, employee, or agent of a professional corporation,
domestic or foreign. (Acts 1983, No. 83-514, p. 763, §7; §10-4-386; amended and renumbered
by Act 2009-513, p. 967, §203.)...
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