10A-30-1.03
Section 10A-30-1.03 Laws governing - Actions; applicable to professional associations formed
prior to January 1, 1984. Actions by and against a professional association organized pursuant
to this article shall be governed by Article 7 of Chapter 7 of Title 6. (Acts 1961, No. 865,
p. 1349, §15; §10-10-3; amended and renumbered by Act 2009-513, p. 967, §370.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-30-1.03.htm - 679 bytes - Match Info - Similar pages

10A-30-1.08
Section 10A-30-1.08 Board of governors; officers; bylaws; voting by members or shareholders;
applicable to professional associations formed prior to January 1, 1984. A professional association
organized pursuant to this article shall be governed by a board of governors elected by the
members or shareholders and represented by officers elected by the board of governors, so
that centralization of management will be assured, and no member shall have the power to bind
the association within the scope of the association's business or profession merely by virtue
of being a member or shareholder of the association. Members of the board of governors need
not be members or shareholders of the professional association and officers need not be members
of the board of governors; except, that the president shall be a member of the board of governors;
provided, that no officer or member of the board of governors who is not duly licensed to
practice the profession for which the professional...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-30-1.08.htm - 2K - Match Info - Similar pages

10A-30-1.02
Section 10A-30-1.02 Laws governing - Generally; applicability of article to professional associations
formed prior to January 1, 1984. (a) Professional associations organized pursuant to this
article shall be governed generally by all laws governing or applicable to corporations, where
applicable, and not in conflict herewith. No such association shall be held or deemed to be
a partnership, nor shall such association be governed by laws relating to partnerships. (b)
This chapter shall apply only to professional associations organized hereunder before January
1, 1984. (Acts 1961, No. 865, p. 1349, §16; Acts 1983, No. 83-514, §30; §10-10-2; amended
and renumbered by Act 2009-513, p. 967, §370.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-30-1.02.htm - 1K - Match Info - Similar pages

10A-30-1.07
Section 10A-30-1.07 Stock and nonstock associations; nature and transferability of members'
interests; applicable to professional associations formed prior to January 1, 1984. A professional
association organized pursuant to this article may issue stock or certificates of evidence
of ownership of an interest in the assets of the professional association to the members of
a stock-type association, or the association may be a nonstock organization with the members
owning no individual interest in the assets of the association but with the rights and duties
specified in the certificate of formation, or the association may be a nonstock organization
with the members owning undivided interests in the assets of the association according to
the certificate of formation. The stock or certificates of ownership, if a stock-type association,
or a membership in a nonstock association, shall be freely transferable, except as may be
lawfully restricted in the certificate of formation. A professional...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-30-1.07.htm - 2K - Match Info - Similar pages

10A-30-1.09
Section 10A-30-1.09 Powers; conveyances; exemption from liability; applicable to professional
associations formed prior to January 1, 1984. A professional association organized pursuant
to the provisions of this article may contract in its own name, take, hold, and sell real
and personal property in its own name, independent of its members, and sue and be sued as
independent entities as now provided by law. Any conveyance in the name of the professional
association to a third person executed by the president and attested by the secretary shall
be conclusively presumed to be properly executed and shall divest all right, title, and interest
of the professional association, its members, and the board of governors thereof. The assets
of a professional association shall not be liable to attachment for the individual debts of
its members or shareholders. (Acts 1961, No. 865, p. 1349, §14; §10-10-9; amended and renumbered
by Act 2009-513, p. 967, §370.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-30-1.09.htm - 1K - Match Info - Similar pages

10A-30-1.01
Section 10A-30-1.01 Definitions; applicable to professional associations formed prior to January
1, 1984. For the purposes of this article, the following terms shall have the meanings respectively
ascribed to them by this section: (1) PROFESSIONAL ASSOCIATION. An unincorporated association
organized under this article for the purpose of rendering professional service. (2) PROFESSIONAL
SERVICE. Any type of professional service which may be legally performed only pursuant to
a license issued by a state court, state regulatory licensing board, or other like agency
pursuant to state laws. (Acts 1961, No. 865, p. 1349, §1; §10-10-1; amended and renumbered
by Act 2009-513, p. 967, §370.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-30-1.01.htm - 1K - Match Info - Similar pages

10A-30-1.11
Section 10A-30-1.11 Effect of article on professional relationships; liability of members or
shareholders; applicable to professional associations formed prior to January 1, 1984. This
article does not modify any law applicable to the relationship between a person furnishing
professional services and a person receiving the service, including liability for tort arising
out of such professional service and including the confidential relationship between the person
rendering the professional service and the person receiving such professional service, if
any; and all confidential relationships previously enjoyed under the laws of this state or
hereinafter enacted shall remain inviolate. Subject to the foregoing provisions of this section,
the members or shareholders of any professional association organized pursuant to this article
shall not be individually liable for the debts of, or claims against, the professional association
unless such member or shareholder has personally participated...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-30-1.11.htm - 1K - Match Info - Similar pages

10A-30-1.04
Section 10A-30-1.04 Formation; restriction on service rendered; applicable to professional
associations formed prior to January 1, 1984. Prior to January 1, 1984, one or more persons
duly licensed to practice a profession under the laws of this state may form a professional
association, as distinguished from a partnership or corporation, for the purpose of carrying
on a profession upon compliance with the terms of this article; provided, that no professional
association organized pursuant to the provisions of this article shall render professional
service in more than one type of professional service. (Acts 1961, No. 865, p. 1349, §2;
Acts 1971, No. 184, p. 479; §10-10-4; amended and renumbered by Act 2009-513, p. 967, §370.)...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-30-1.04.htm - 1K - Match Info - Similar pages

27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-60-2.htm - 45K - Match Info - Similar pages

37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages