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10A-20-5.03
Section 10A-20-5.03 Disposition of property of educational corporations where the stockholders
are unknown or the number of shares is unknown. (a) Where the charter of any educational corporation
organized under the laws of this state, general or special, provides for the issuance of stock
and the stockholders are unknown or where the amount or number of shares are unknown, the
property of the corporation may be disposed of as follows: The acting trustees or directors
having peaceable charge of the business and property of the corporation, whether legally elected
or not, may contract to sell or otherwise dispose of the property of the corporation in the
manner as they may deem best to carry out the purpose of the corporation, which action must
be concurred in by a majority of the acting trustees or directors. (b) Within 30 days after
making the contract or agreement, the trustees or directors shall cause to be filed in the
name of the corporation, in the circuit court of the county in...
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16-32-2
Section 16-32-2 Board of trustees. There is hereby created a board of trustees, who shall serve
without pay or personal expenses, to administer the Alabama Stonewall Jackson Memorial Fund.
The trustees shall be the Alabama State Superintendent of Education, the Director of the Alabama
Department of Archives and History and the President of the Stonewall Jackson Memorial, Incorporated.
This board of trustees shall be vested with the power to administer this chapter in its entirety
and to prescribe the rules and regulations governing the essay contests and the awarding of
scholarships from the Alabama Stonewall Jackson Memorial Fund. It is hereby directed to receive
the appropriation hereinafter made, to designate a bank in Alabama as a depository for the
fund and is further directed to invest said fund in such sound securities as it deems advisable
in line with good business procedure; and it is expressly prohibited from spending any part
of the principal of this fund, it being the...
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2-10-62
Section 2-10-62 Certificate of membership; stock of association; member's liability for association's
debts. When a member of an association established without capital stock has paid his membership
fee in full, he shall receive a certificate of membership. No association shall issue stock
to a member until it has been fully paid for. The promissory notes of the members may be accepted
by the association as full or partial payment. The association shall hold the stock as security
for the payment of the note, but such retention as security shall not affect the member's
right to vote. Except for debts lawfully contracted between him and the association, no member
shall be liable for the debts of the association to an amount exceeding the sum remaining
unpaid on his membership fee or his subscription to the capital stock, including any unpaid
balance or any promissory notes given in payment thereof. No stockholder of a cooperative
association shall own more than 20 percent of the common...
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27-27-49.1
Section 27-27-49.1 Recovery. (a) If an order for liquidation or rehabilitation of a domestic
insurer has been entered, the receiver appointed under such order shall have a right to recover
on behalf of the insurer, (i) from any parent corporation or holding company or person or
affiliate who otherwise controlled the insurer, the amount of distributions (other than distributions
of shares of the same class of stock) paid by the insurer on its capital stock, or (ii) any
payment in the form of a bonus, termination settlement, or extraordinary lump sum salary adjustment
made by the insurer or its subsidiary to a director, officer, or employee, where the distribution
or payment pursuant to (i) or (ii) is made at any time during the one year preceding the petition
for liquidation, conservation, or rehabilitation, as the case may be, subject to the limitations
of subsections (b), (c), and (d) of this section. (b) No such distribution shall be recoverable
if the parent or affiliate shows that...
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27-32-27.1
Section 27-32-27.1 Authority of receivers and federal home loan banks regarding collateral
pledged by insurer members in delinquency proceedings. (a) For purposes of this chapter, the
following terms shall have the following meanings: (1) FEDERAL HOME LOAN BANK or FHLB. A federal
home loan bank established pursuant to the Federal Home Loan Bank Act, 12 U.S.C. Section 1421,
et seq. (2) INSURER MEMBER. An insurer who is a member of a federal home loan bank. (b) Notwithstanding
any other provision of this chapter, the receiver for an insurer member may not void any transfer
of, or any obligation to transfer, money or any other property arising under or in connection
with any federal home loan bank security agreement, or any pledge, security, collateral, or
guarantee agreement, or any other similar arrangement or credit enhancement relating to a
federal home loan bank security agreement made in the ordinary course of business and in compliance
with the applicable federal home loan bank...
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5-5A-13
Section 5-5A-13 Filing fee; other fees. (a) The Banking Board shall from time to time fix the
amount of the fee for filing an application for a new bank, and for: (1) Establishment of
a branch of an existing bank; (2) Conversion of a national bank to a state bank; (3) A merger
of two or more existing banks; (4) Establishment and operation of any facility authorized
under the provisions of Sections 5-2A-7 and 5-2A-8; (5) Acquisition of a majority of voting
stock of a bank; (6) Any examination necessitated by the foregoing; and (7) Other actions
that require the approval of the superintendent or the Banking Board. (b) All such fees shall
be paid into the special fund set up by the State Treasurer pursuant to Section 5-2A-20. (Acts
1980, No. 80-658, ยง5-5-13.)...
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27-29-11.1
Section 27-29-11.1 Recovery rights of receivers. (a) If an order for liquidation or rehabilitation
of a domestic insurer has been entered, the receiver appointed under the order shall have
a right to recover on behalf of the insurer, (1) from any parent corporation, holding company,
person, or affiliate who otherwise controlled the insurer, the amount of distributions, other
than distributions of shares of the same class of stock, paid by the insurer on its capital
stock, or (2) any payment in the form of a bonus, termination settlement, or extraordinary
lump sum salary adjustment made by the insurer or its subsidiary to a director, officer, or
employee, where the distribution or payment pursuant to (1) or (2) is made at any time during
the one year preceding the petition for liquidation, conservation, or rehabilitation, as the
case may be, subject to the limitations of subsections (b), (c), and (d). (b) No distribution
shall be recoverable if the parent or affiliate shows that when...
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34-29-73
Section 34-29-73 Examination procedures. (a) The board shall hold at least two examinations
and may hold additional examinations as it deems necessary. The executive director or his
or her designee shall give appropriate public notice of the time and place of the examination
at least 120 days in advance of the date set forth for the examination. Any person desiring
to take the examination shall make license application at least 60 days before the examination
and pay the required application and examination fees. (b) The preparation, administration,
and grading of examinations shall be governed by the administrative code as prescribed by
the board. Examinations shall be designed to test the examinee's knowledge of and proficiency
in subjects and techniques commonly taught in veterinary school. To pass the examination,
the examinee shall demonstrate scientific and practical knowledge sufficient to prove himself
or herself a competent person to practice veterinary medicine in the judgment...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-29-73.htm - 3K - Match Info - Similar pages
37-5-4
Section 37-5-4 Board of directors - Appointment; terms; oath; vacancies; compensation and expenses.
The government of the district shall be vested in a board of three directors, to be appointed
by the Governor within 10 days after the creation and incorporation of the district. The regular
term of directors of the district after the first term shall be four years. Each director
shall hold office until his successor is selected and qualified. Each director shall, before
entering upon discharge of his duties, take and subscribe to the constitutional oath of office.
Such oath shall be filed with the commission. The first directors of the district shall be
selected for terms of two, three and four years, respectively. The death of a director, his
resignation, his removal for cause by the appointing power, or his disability to continue
for any cause to act as director, or his change of residence from the district shall vacate
the office. Within 20 days after a determination of the vacancy...
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45-49-100.41
Section 45-49-100.41 Vacancies; recordkeeping. The board of school commissioners shall have
power to fill any and all vacancies that may occur therein or in the office of superintendent,
and the persons that may be elected by the board to fill vacancies shall hold their offices
until the term for which their predecessors were elected shall expire. In the event the vacancy
is not filled by the remaining members of the Board of School Commissioners of Mobile County,
within 30 days from and after the happening of the vacancy, the State Superintendent of Education
shall fill such vacancy by appointment. The Superintendent of Education of Mobile County shall
notify the State Superintendent of Education when a vacancy in the office of member of the
Board of School Commissioners of Mobile County, has not been filled within 30 days. The board
shall cause full minutes of their proceedings to be kept in well bound books, subject at all
times to the inspection of the citizens of Mobile County....
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