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6-5-681
Section 6-5-681 Applicability of limitations. (a) The limitations in Section 6-5-682 apply
to a corporation that is a successor and became a successor before January 1, 1972, or is
any of that successor corporation's successors. (b) The limitations in Section 6-5-682 do
not apply to: (1) Workers' compensation benefits paid by or on behalf of an employer to an
employee under the laws of this state or a comparable workers' compensation law of another
jurisdiction. (2) Any claim against a corporation that does not constitute a successor asbestos-related
liability. (3) An insurer, as defined in Section 27-1-2. (4) Any obligations under the National
Labor Relations Act, as amended, or under any collective bargaining agreement. (5) A successor
that, after a merger or consolidation, continued in the business of mining asbestos; in the
business of selling or distributing asbestos fibers; or in the business of manufacturing,
distributing, removing, or installing asbestos-containing products...
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6-5-683
Section 6-5-683 Fair market value of total gross assets. (a) A corporation may establish the
fair market value of total gross assets for the purpose of the limitations under Section 6-5-682
through any method reasonable under the circumstances, including either of the following:
(1) By reference to the going concern value of the assets or to the purchase price attributable
to or paid for the assets in an arm's length transaction. (2) In the absence of other readily
available information from which fair market value can be determined, by reference to the
value of the assets recorded on a balance sheet. (b) Total gross assets include intangible
assets. (c) Total gross assets include the aggregate coverage under any applicable liability
insurance that was issued to the transferor whose assets are being valued for purposes of
this section, which insurance has been collected or is collectible to cover successor asbestos-related
liabilities except compensation for liabilities arising from...
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26-1A-301
Power of Attorney Act, Chapter 1A, Title 26, Code of Alabama 1975: If you wish to grant general
authority over all of the subjects enumerated in this section you may SIGN here: ___ (Signature
of Principal) OR If you wish to grant specific authority over less than all subjects enumerated
in this section you must INITIAL by each subject you want to include in the agent's authority:
_____Real Property as defined in Section 26-1A-204 _____Tangible Personal Property
as defined in Section 26-1A-205 _____Stocks and Bonds as defined in Section 26-1A-206 _____Commodities
and Options as defined in Section 26-1A-207 _____Banks and Other Financial Institutions as
defined in Section 26-1A-208 _____Operation of Entity or Business as defined in Section 26-1A-209
_____Insurance and Annuities as defined in Section 26-1A-210 _____Estates, Trusts, and Other
Beneficial Interests as defined in Section 26-1A-211 _____Claims and Litigation as defined
in Section...
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45-8-90
as security therefor its assets, and anticipated revenues; (8) to maintain civil actions and
have civil actions maintained against it and to defend civil actions against it; (9) to adopt
and alter bylaws for the regulation and conduct of its affairs and business; (10) to acquire,
receive, and take title to, by purchase, gift, lease, devise, or otherwise, to hold, keep,
and develop and to transfer, convey, lease, assign, or otherwise dispose of property of every
kind and character, real, personal, and mixed, and any and every interest therein,
located within the area of operation of the council, to any person; (11) to make, enter into,
and execute such contracts, agreements, leases, and other legal arrangements and to take such
steps and actions as may be necessary or convenient in the furtherance of any purpose or the
exercise of any power provided or granted to it by law; (12) to borrow money for any council
purpose, function, or use and to issue in evidence of the borrowing,...
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28-3-190
Section 28-3-190 Levy of tax; collection; disposition of proceeds by localities; enforcement
and administration; penalties; exclusive nature of tax. (a) Levy. In addition to the excise
tax levied by Article 5A of Chapter 3 of this title and the licenses provided for by Chapter
3A of this title and by Section 28-3-194, and any acts amendatory thereof, supplementary thereto
or substituted therefor, and municipal and county licenses, there is hereby levied a privilege
or excise tax on every person licensed under the provisions of Chapter 3A who sells, stores,
or receives for the purpose of distribution, to any person, firm, corporation, club, or association
within the State of Alabama any beer. The tax levied hereby shall be measured by and graduated
in accordance with the volume of sales by such person of beer, and shall be an amount equal
to one and six hundred twenty-five thousands cents (1.625 cents) for each four fluid ounces
or fractional part thereof. (b) Collection. The tax levied...
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15-22-1.1
by the Interstate Commission, but shall not be a member. (c) Corporate records of the Interstate
Commission. The Interstate Commission shall maintain its corporate books and records in accordance
with the bylaws. (d) Qualified immunity, defense and indemnification. (1) The members, officers,
executive director, and employees of the Interstate Commission shall be immune from suit and
liability, either personally or in their official capacity, for any claim for damage to or
loss of property or personal injury or other civil liability caused or arising
out of any actual or alleged act, error or omission that occurred within the scope of Interstate
Commission employment, duties or responsibilities; provided, that nothing in this paragraph
shall be construed to protect any such person from suit and/or liability for any damage, loss,
injury or liability caused by the intentional or willful and wanton misconduct of any
such person. (2) The Interstate Commission shall defend the...
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8-20-4
carriers. q. To offer any refunds or other types of inducements to any person for the purchase
of new motor vehicles of a certain line make to be sold to the state or any political subdivision
thereof without making the same offer to all other new motor vehicle dealers in the same line
make within the state. r. To release to any outside party, except under subpoena, or as otherwise
required by law or in an administrative, judicial, or arbitration proceeding, any business,
financial, or personal information which may be from time to time provided by the dealer
to the manufacturer, without the express written consent of the dealer. s. To own an interest
in a new motor vehicle dealership, to operate or control a dealership, to make direct sales
or leases of new motor vehicles to the public in Alabama, or to own, operate, or control a
facility for performance of motor vehicle warranty or repair service work, except as follows:
1. The manufacturer or distributor is owning or operating...
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10A-5-8.01
those professional services pursuant to applicable Alabama law and if the limited liability
company complies with the limitations of this section. (b) Every individual who renders professional
services as a member or as an employee of a limited liability company shall be liable for
any negligent or wrongful act or omission in which the individual personally participates
to the same extent the individual would be liable if the individual rendered the services
as a sole practitioner. (c) The personal liability of a member, manager, or other employee
of any limited liability company engaged in providing professional services shall be no greater
than that of a shareholder, employee, director, or officer of a corporation organized under
the Alabama Business Corporation Law or any successor act. (d) The personal liability
of a member, manager, or employee of a foreign limited liability company shall be determined
under the law of the jurisdiction in which it is organized. (e) Nothing in...
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45-49A-10.04
title to real property and riparian rights necessary, useful, or convenient in gaining access,
entry, or approach to waterways, rivers, and streams, whether or not navigable and whether
or not such easements, rights of way, streets, approaches, roads, interests in land, and riparian
rights lead to property owned or controlled by the corporation. (7) To acquire, receive, take,
and hold, whether by purchase, gift, lease, devise, or otherwise, property of every description,
whether real, personal, or mixed, and to manage the same, and to develop any undeveloped
property owned, leased, or controlled by it. (8) To execute such contracts or other instruments
and to take such action as may be necessary or convenient to carry out the purpose of this
article or the exercise of any authority or power granted hereunder. (9) To construct, acquire,
establish, improve, extend, enlarge, reconstruct, equip, maintain, and repair buildings, structures,
and facilities suitable for use in or on...
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11-54B-11
Section 11-54B-11 District management corporation limits, powers, and duties. (a) District
management corporations shall be incorporated under the Alabama Nonprofit Corporation Act
(Chapter 3A of Title 10) and shall exercise their powers in a manner consistent with such
act. (b) To qualify for designation by ordinance to manage a self-help business improvement
district, the articles of incorporation of a proposed district management corporation must
provide the following: (1) That the property, business, and affairs of the corporation shall
be managed by a board of directors. (2) The names and addresses of the initial members of
the board of directors. (3) That the initial members of the board shall be divided into three
groups which are as equal in number as is possible, that such groups will serve for initial
terms of one (1), two (2) and three (3) years respectively, and that all directors thereafter
elected by the board of directors shall serve for a term of three (3) years. (4)...
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