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5-7A-62
Section 5-7A-62 Application to convert charter; written plan of conversion; authorizing resolution;
submission to superintendent; fee; tentative approval; vote of stockholders or members; directors;
articles of incorporation and bylaws; statement of superintendent's objections; amendment;
appeal of disapproval; application to FDIC; final approval and permit. Any savings institution
may apply to the superintendent for permission to convert its charter in order to do business
as a state chartered bank in accordance with the following procedures: (1) The board of directors
shall approve a written plan of conversion, the application for conversion and shall adopt
an authorizing resolution, all by a vote of a majority of all the directors. The plan of conversion
shall include a statement of: a. The proposed organization and management structure of the
resulting bank if the application were approved, and the proposed name under which it would
do business as a bank; b. The method and time...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-7A-62.htm - 7K - Match Info - Similar pages
10A-2A-12.02
Section 10A-2A-12.02 Stockholder approval of certain dispositions. (a) A sale, lease, exchange,
or other disposition of assets, other than a disposition described in Section 10A-2A-12.01,
requires approval of the corporation's stockholders if the disposition would leave the corporation
without a significant continuing business activity. A corporation will conclusively be deemed
to have retained a significant continuing business activity if it retains a business activity
that represented, for the corporation and its subsidiaries on a consolidated basis, at least
(i) 25 percent of total assets at the end of the most recently completed fiscal year, and
(ii) either 25 percent of either income from continuing operations before taxes or 25 percent
of revenues from continuing operations, in each case for the most recently completed fiscal
year. (b) To obtain the approval of the stockholders under subsection (a) the board of directors
shall first adopt a resolution authorizing the disposition....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-12.02.htm - 4K - Match Info - Similar pages
11-89-1
any thereof. (17) PERSON. Unless limited to a natural person by the context in which it is
used, such term includes a public or private corporation, a municipality, a county, a cooperative,
or an agency, department or instrumentality of the state or of a county or municipality or
cooperative. (18) PRINCIPAL OFFICE. The place at which the certificate of incorporation and
amendments thereto, the bylaws and the minutes of proceedings of the board of a district are
kept. (19) PROPERTY. Real and personal property and interests therein. (20) PUBLIC
CORPORATION. Any public corporation organized under the laws of the state. (21) PUBLIC FIRE
PROTECTION FACILITY. A fire protection facility which is owned or operated by the United States
of America, the state, a county, a municipality, a public corporation, any combination of
any thereof or any agency or instrumentality of any one or more thereof or in which any one
or more thereof or any agency or instrumentality of any one or more thereof holds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-1.htm - 8K - Match Info - Similar pages
2-3A-4
Section 2-3A-4 Board of directors; members; terms; vacancies; qualifications; expenses; quorum;
impeachment; copies of proceedings as evidence. (a) The authority shall be governed by a board
of directors, and all powers of the authority shall be exercised by the board or pursuant
to its authorization. (b) The board shall consist of seven directors. The Commissioner of
Agriculture and Industries, the Director of Finance and the Superintendent of Banking shall
be ex officio members of the board of directors. The remaining four directors shall be appointed,
by the persons and in the manner hereinafter prescribed, as soon as may be practicable after
the incorporation of the authority, for staggered terms as follows: The Speaker of the House
of Representatives shall appoint one director and the President Pro Tempore of the Senate
shall appoint one director each of whose initial terms shall begin immediately upon his respective
appointment and shall end on September 30 in the fourth calendar...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-4.htm - 4K - Match Info - Similar pages
24-1A-4
Section 24-1A-4 Members, officers and directors; appointment; qualifications; meetings of board
and public notice thereof; salaries; record of proceedings; copies of proceedings as evidence;
permanent maintenance of official record; members, officers, etc., not personally liable;
legislative oversight committee established; composition; appointment; expenses. (a) The applicants
named in the application, being the seven initial appointees of the Governor by congressional
districts, the Director of Finance ex officio and the Superintendent of Banks ex officio,
and their respective successors in office, together with the State Treasurer ex officio, an
appointee of the Governor from the state at large and the appointees of the Speaker of the
House and the Lieutenant Governor, and their respective successors in office, shall constitute
the members of the authority. The Governor shall, as soon as convenient after the passage
of this chapter, appoint one person from each of the now existing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-4.htm - 7K - Match Info - Similar pages
34-21-126
procedures related to specific employees or other matters related to the internal personnel
practices and procedures of the commission. c. Current, threatened, or reasonably anticipated
litigation. d. Negotiation of contracts for the purchase or sale of goods, services, or real
estate. e. Accusing any person of a crime or formally censuring any person. f. Disclosure
of trade secrets or commercial or financial information that is privileged or confidential.
g. Disclosure of information of a personal nature where disclosure would constitute
a clearly unwarranted invasion of personal privacy. h. Disclosure of investigatory
records compiled for law enforcement purposes. i. Disclosure of information related to any
reports prepared by or on behalf of the commission for the purpose of investigation of compliance
with this compact. j. Matters specifically exempted from disclosure by federal or state statute.
(6) If a meeting, or portion of a meeting, is closed pursuant to this subsection, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-21-126.htm - 12K - Match Info - Similar pages
45-48-70.02
Section 45-48-70.02 Commission chair. The Chair of the Commission on Government and Finance
of Marshall County shall serve as Chair of the Marshall County Commission and shall hold office
until the first Monday after the second Tuesday in January 1979, and until his or her successor
is elected and qualified, and shall receive for his or her services, payable out of the county
treasury, the sum of six thousand six hundred dollars ($6,600) per year and an additional
three thousand dollars ($3,000) per year for expenses. The commission chair shall have and
exercise all of the powers, duties, limitations, and responsibilities, with relation to the
commission as does the judge of probate with relation to the courts of county commissioners,
under the general laws of this state, except in so far as such powers, duties, limitations,
and responsibilities may be inconsistent with this subpart. The chair of the commission shall
have a vote on all questions coming before the commission, shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-48-70.02.htm - 2K - Match Info - Similar pages
10A-2-1.40
Section 10A-2-1.40 Definitions applicable to business corporations. In this chapter: REPEALED
IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (1) "Articles of incorporation" include amended and restated articles
of incorporation and, in the case of a corporation existing on January 1, 1981, its certificate
of incorporation, including any amended certificate, and also include, except where the context
otherwise requires, articles of merger. The term "articles of incorporations" as
used in this chapter is synonymous with the term "certificate of formation" employed
in Chapter 1. (2) "Authorized shares" means the shares of all classes a domestic
or foreign business corporation is authorized to issue. (3) "Corporation" or "domestic
corporation" means a business corporation, which is not a foreign corporation, incorporated
under or subject to the provisions of this chapter. (4) "Distribution" means a direct
or indirect...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-1.40.htm - 4K - Match Info - Similar pages
10A-2A-1.41
Section 10A-2A-1.41 Notice and other communications. (a) A notice under this chapter must be
in writing unless oral notice is reasonable in the circumstances. Unless otherwise agreed
between the sender and the recipient, words in a notice or other communication under this
chapter must be in English. (b) A notice or other communication may be given by any method
of delivery, except that electronic transmissions must be in accordance with this section.
If the methods of delivery are impracticable, a notice or other communication may be given
by means of a broad non-exclusionary distribution to the public (which may include a newspaper
of general circulation in the area where published; radio, television, or other form of public
broadcast communication; or other methods of distribution that the corporation has previously
identified to its stockholders). (c) A notice or other communication to a corporation or to
a foreign corporation registered to do business in this state may be delivered...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-1.41.htm - 6K - Match Info - Similar pages
12-19-90
1.00 (17) Examining and entering decree or other order ..... 3.00 (18) Drafting decree .....
10.00 (19) Each certificate with seal 3.00 (20) Each certificate without seal ..... 3.00 (21)
Filing and docketing each claim ..... 3.00 (22) Filing and recording, including recording
documents filed for record, irrespective of size type, per page ..... 3.00 (23) Filing and
recording all oil, gas, mineral and/or coal leases, per page ..... 3.00 (24) If the instrument
conveys any interest in real or personal property within this state and recites more
than two grantors or grantees, mortgagors or mortgagees, lessors or lessees, transferors or
transferees, assignors or assignees, buyers or sellers, or vendors or vendees, an additional
fee for indexing each name in excess of two entered in the direct index or two entered in
the reverse index ..... 1.00 (25) Copy of an instrument, per page ..... 1.00 (26) Each entry
of an estray, to be paid by taker ..... 3.00 (27) Each record of a mark or brand...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-19-90.htm - 8K - Match Info - Similar pages
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