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2-10-1
Section 2-10-1 Use of word "cooperative" in title. No person, firm, corporation or
association organized or doing business in this state as a cooperative association to market
agricultural products shall be entitled to use the word "cooperative" as a part
of its corporate or other business name or title unless it has complied with the provisions
of this chapter. (Acts 1921, Ex. Sess., No. 31, p. 38; Code 1923, §7147; Code 1940, T. 2,
§105; Acts 1959, No. 591, p. 1480.)...
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2-10-54
Section 2-10-54 Powers of association. Each association incorporated under this article shall
have the following powers: (1) To engage in any activity in connection with the marketing,
selling, harvesting, preserving, drying, processing, canning, packing, storing, handling,
ginning or utilization of any agricultural products produced or delivered to it by its members;
(2) To engage in any activity in connection with the manufacturing or marketing of the by-products
thereof; (3) To engage in any activity in connection with the purchase, hiring or use by its
members of supplies, machinery or equipment; (4) To engage in the financing of any one or
more of the activities specified in this section; (5) To borrow money and to make advances
to members; (6) To act as the agent or representative of any member or members in any of the
above-mentioned activities; (7) To purchase or otherwise acquire and to hold, own and exercise
all rights of ownership in and to sell, transfer or pledge shares of...
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33-15-6
Section 33-15-6 Powers, duties and functions generally. The general powers, duties and functions
of the authority shall be as follows: (1) GENERAL. The authority: a. Shall have perpetual
succession in its corporate name; b. May bring civil actions and have civil actions brought
against it in its corporate name; c. May adopt, use, and alter a corporate seal, which shall
be judicially noticed; d. May enter into such contracts and cooperative agreements with federal,
state and local governments, with agencies of such governments and with private individuals,
corporations, associations and other organizations, including the Bear Creek Watershed Association,
Inc., whether organized under the laws of Alabama or of another state, as the board may deem
necessary or convenient to enable it to carry out the purposes of this article, which authorization
shall include without limitation contracts and cooperative arrangements with any of the several
states and with counties and municipalities in...
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37-3-4
Section 37-3-4 Exemptions. (a) This chapter shall not be construed to apply to: (1)a. School
buses or other motor vehicles which are owned by county boards of education or under contract
with county boards of education, regardless of whether or not the school buses and other motor
vehicles are being used exclusively for the transportation of school children and school teachers
to and from school and provided the school buses and other motor vehicles do not take on passengers
for fare on a certificated route. b. Motor vehicles for hire while operating wholly within
the limits of a city or incorporated town or within the police jurisdiction thereof, or between
two or more incorporated towns or cities whose city limits join or are contiguous or whose
police jurisdictions join or are contiguous. c. Motor vehicles while used in the transportation
of property when the owner of the vehicle is legally and regularly engaged in the business
of selling such property and is the owner and has the...
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40-9-1
Section 40-9-1 Persons and property generally. The following property and persons shall be
exempt from ad valorem taxation and none other: (1) All bonds of the United States and this
state and all county and municipal bonds issued by counties and municipalities in this state,
all property, real and personal, of the United States and this state and of county and municipal
corporations in this state; all cemeteries, all property, real and personal, used exclusively
for religious worship, for schools or for purposes purely charitable; provided, that property,
real or personal, owned by any educational, religious or charitable institution, society or
corporation let for rent or hire or for use for business purposes shall not be exempt from
taxation, notwithstanding that the income from such property shall be used exclusively for
education, religious or charitable purposes; all mortgages, together with the notes, debts
and credits secured thereby on real and personal property situated in...
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40-12-240
Section 40-12-240 Definitions. (a) For the purpose of this article, the following terms shall
have the respective meanings ascribed by this section: (1) DEPARTMENT. The Alabama Department
of Revenue. (2) ESTABLISHED PLACE OF BUSINESS. A place actually occupied either continuously
or at regular periods at or from which a business or a part thereof is transacted. (3) FARM
TRACTOR. Every motor vehicle designed and used primarily as a farm implement for drawing plows,
mowing machines, and other implements designed and used for agricultural purposes and only
incidentally moved upon public highways. (4) FARMER. An individual, partnership, cooperative
corporation, or other entity actively engaged in agriculture or agricultural activities as
the same are circumscribed and defined in paragraphs a. and b. of Section 41-14-51(1). (5)
FLEET. A group of similarly classified fleet vehicles comprised of 50 or more units or other
amount as prescribed by the department. (6) FLEET OPERATOR. A person,...
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37-6-4
Section 37-6-4 Name. The name of each cooperative primarily engaged in the distribution of
electricity or other services shall include the word "cooperative"; and the name
of each cooperative primarily engaged in generating or transmitting electricity for delivery
to an electric distributor shall include at least one of the words "electric", "power"
or "cooperative"; provided, that such limitation shall not apply if, in an affidavit
made by the president or vice president of a cooperative on file with the Secretary of State,
it shall appear that the cooperative desires to transact business in another state and is
precluded therefrom by reason of its name; and provided further, that any corporation heretofore
or hereafter organized under Chapter 7 of this title, which may be converted into a cooperative
and become subject to this chapter, as provided in Section 37-6-16, or any foreign corporation
transacting business in this state pursuant to Section 37-6-26, may, at its election,...
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5-17-3
Section 5-17-3 Use of words "credit union" in name or title. It shall be a misdemeanor
for any person, association, copartnership, or corporation, except corporations organized
in accordance with the provisions of this chapter, credit unions incorporated under the laws
of the United States, the trade associations of credit unions doing business in this state,
and other organizations as approved by the administrator, to use the words "credit union"
in their name, title, or in advertising. A credit union organized under the provisions of
this chapter shall include in its corporate name or title the words "credit union."
Any violation of this prohibition shall subject the party chargeable therewith to a penalty
of five hundred dollars ($500) for each day, with a maximum amount of fifty thousand dollars
($50,000), during which the violation is committed or repeated. The penalty may be recovered
by the administrator by an action instituted for that purpose, and, in addition to the penalty,...
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5-2A-62
Section 5-2A-62 Supervisory powers of commissioner generally; approvals, etc., by commissioner;
permits required of savings and loan associations. (a) The commissioner shall have general
supervision over all associations and corporations which are subject to the provisions of
Chapter 16 of this title. He shall enforce the purposes of Chapter 16 of this title by use
of the powers therein conferred and by reference to the courts when required. (b) Every approval
by the commissioner given pursuant to the provisions of Chapter 16 of this title and every
communication having the effect of an order or instruction to any association shall be in
writing, signed by the commissioner under the seal of his office and shall be mailed by registered
or certified mail to the association affected thereby, addressed to the president thereof
at the home office of the association, and unless the association to which any approval or
order is directed is an association having its accounts insured by a...
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2-10-105
Section 2-10-105 Permit fee; taxation. Any corporation or association organized under this
article shall pay to the state the annual permit fee of $10.00 now required by law and shall
pay all ad valorem taxes on its real and personal property; except, that all cotton and all
other agricultural products which have been raised or produced in the State of Alabama, title
to which may be held by such corporation or association in its own right or for the use and
benefit of its members, and all goods and articles purchased or acquired by such corporation,
whether in or out of the state, for its own use or for the use and benefit of its members
for strictly agricultural or farm purposes in this state, shall, so long as held by such corporation
or association, be exempt from taxation, nor shall such corporation be liable for any other
license or privilege fee or tax for the purpose of engaging in or transacting business or
otherwise in this state. (Acts 1935, No. 220, p. 604; Code 1940, T. 2,...
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