|
27-29-3
Section 27-29-3 Acquisition of control of, or merger with, domestic insurers. (a)(1) No person
other than the issuer shall make a tender offer for or a request or invitation for tenders
of, or enter into any agreement to exchange securities for, seek to acquire, or acquire in
the open market any voting security of a domestic insurer if, after the consummation thereof,
such person would, directly or indirectly, or by conversion or by exercise of any right to
acquire, be in control of such insurer, and no person shall enter into an agreement to merge
with or otherwise to acquire control of a domestic insurer, or any person controlling a domestic
insurer unless, at the time any such offer, request, or invitation is made or any such agreement
is entered into, or prior to the acquisition of such securities if no offer or agreement is
involved such person has filed with the commissioner and has sent to such insurer a statement
containing the information required by this section and such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-29-3.htm - 17K - Match Info - Similar pages
35-11-450
Section 35-11-450 Definitions. As used in this division the following terms have the following
meanings: (1) BROKER. A broker as defined in Section 34-27-2. (2) CLIENT. A person or entity
having an interest in commercial real estate that has entered into a written brokerage or
agency agreement with a real estate broker relative to the commercial real estate. (3) COMMERCIAL
REAL ESTATE. Any real estate including real estate classified as agricultural for tax assessment
purposes other than real estate containing one to four residential units. Commercial real
estate does not include single-family residential units such as condominiums, townhomes, mobile
homes, residential lots, or homes in a subdivision when sold, leased, or otherwise conveyed
on a unit-by-unit basis even though these units may be part of a larger building or parcel
or real estate containing more than four residential units. For all purposes of this division,
commercial real estate does not include, and this division...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-11-450.htm - 1K - Match Info - Similar pages
13A-11-10.1
Section 13A-11-10.1 Open house parties; when not allowed to continue; exceptions; penalties.
(a) As used in this section, the following words have the following meanings: (1) ADULT. A
person who, pursuant to state law, may possess alcoholic beverages. (2) ADULT HAVING CONTROL
OF A RESIDENCE. An adult who has sanctioned an open house party and who is in attendance.
(3) ALCOHOLIC BEVERAGE. The meaning ascribed in Section 28-3-1. (4) CONTROLLED SUBSTANCE.
The meaning ascribed in Section 20-2-2. (5) OPEN HOUSE PARTY. A social gathering at a residence.
(6) REASONABLE ACTION. The act of ejecting a person from a residence or requesting law enforcement
officials to eject a person from a residence. (7) RESIDENCE. A home, apartment, condominium,
country club, motel, hotel, or any other unit designed for dwelling. (b) No adult having control
of any residence, who has authorized an open house party at the residence and is in attendance
at the party, shall allow the open house party to continue if...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/13A-11-10.1.htm - 2K - Match Info - Similar pages
27-22-60
Section 27-22-60 Definitions. As used in this article, the following terms shall have the following
meanings: (1) LENDER. A person who holds a mortgage, lien, deed of trust, or other security
interest in property. The term includes an assignee, receiver, or other transferee of the
interest. (2) RESIDENTIAL REAL PROPERTY. Any of the following: a. A single-family house. b.
A duplex, triplex, or quadraplex. c. A unit in a multi-unit residential structure in which
title to an individual unit is transferred to the owner of the unit under a condominium or
cooperative system. (Act 2019-460, ยง1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-22-60.htm - 952 bytes - Match Info - Similar pages
35-8A-220
Section 35-8A-220 Master associations. (a) If the declaration for a condominium provides that
any of the powers described in Section 35-8A-302 are to be exercised by or may be delegated
to a profit or nonprofit corporation which exercises those or other powers on behalf of one
or more condominiums or for the benefit of the unit owners of one or more condominiums, all
provisions of this chapter applicable to unit owners' associations apply to any such corporation
with regard to such delegated power except as modified by this section. (b) Unless it is acting
in the capacity of an association described in Section 35-8A-301, a master association may
exercise the powers set forth in Section 35-8A-302(a)(2) only to the extent expressly permitted
in the declarations of condominiums which are part of the master association or expressly
described in the delegations of power from those condominiums to the master association. (c)
If the declaration of any condominium provides that the board may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-8A-220.htm - 2K - Match Info - Similar pages
27-29-1
Section 27-29-1 Definitions. For purposes of this chapter, unless otherwise stated, the following
terms shall have the meanings respectively ascribed to them by this section: (1) AFFILIATE.
The term shall include an affiliate of, or person affiliated with, a specific person, and
shall mean a person that directly, or indirectly through one or more intermediaries, controls,
or is controlled by, or is under common control with, the person specified. (2) COMMISSIONER.
The Commissioner of Insurance, his or her deputies, or the Insurance Department as appropriate.
(3) CONTROL. The term shall include controlling, controlled by, or under common control with
and shall mean the possession, direct or indirect, of the power to direct or cause the direction
of the management and policies of a person, whether through the ownership of voting securities,
by contract other than a commercial contract for goods or nonmanagement services, or otherwise,
unless the power is the result of an official...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-29-1.htm - 5K - Match Info - Similar pages
35-20-10
Section 35-20-10 Delivery of certain information to the board upon election. Within 90 days
of the selection of the board of directors of the association as provided in Section 35-20-9,
the declarant, or his or her designee, shall deliver to the board of directors all of the
following: (1) All books, records, and governing documents of the association in the possession
of the declarant, or any person or entity under the declarant's control. (2) All records of
any outstanding and unpaid assessments. (3) Any contracts of the association with any third
parties respecting the operation of the association or the maintenance and upkeep of any property
of the association. (4) Any insurance policies currently in force. (5) A list of the names
and addresses of the members of the association as shown on its records. (6) Any written unexpired
warranties of any contractor or subcontractors, suppliers, or manufacturers relative to the
common area or any improvements to the common area. (Act...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-20-10.htm - 1K - Match Info - Similar pages
10A-5A-8.02
Section 10A-5A-8.02 Death or disqualification of member. (a) In the case of a limited liability
company performing professional services, upon the death of a member, upon a member becoming
a disqualified person, or upon a transferable interest being transferred by operation of law
or court decree to a disqualified person, the transferable interest of the deceased member
or of the disqualified person may be transferred to a qualified person and, if not so transferred,
subject to Section 10A-5A-4.06, shall be purchased by the limited liability company as provided
in this section. (b) If the price of the transferable interest is not fixed by the limited
liability company agreement, the limited liability company, within six months after the death
or 30 days after the disqualification or transfer, as the case may be, shall make a written
offer to pay to the holder of the transferable interest a specified price deemed by the limited
liability company to be the fair value of the transferable...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-5A-8.02.htm - 7K - Match Info - Similar pages
10A-8A-10.03
Section 10A-8A-10.03 Death or disqualification of partner. (a) In the case of a limited liability
partnership performing professional services, upon the death of a partner, upon a partner
becoming a disqualified person, or upon a transferable interest being transferred by operation
of law or court decree to a disqualified person, the transferable interest of the deceased
partner or of the disqualified person may be transferred to a qualified person and, if not
so transferred, subject to Section 10A-8A-4.09, shall be purchased by the limited liability
partnership as provided in this section. (b) If the price of the transferable interest is
not fixed by the partnership agreement, the limited liability partnership, within six months
after the death or 30 days after the disqualification or transfer, as the case may be, shall
make a written offer to pay to the holder of the transferable interest a specified price deemed
by the limited liability partnership to be the fair value of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-10.03.htm - 7K - Match Info - Similar pages
19-3A-401
Section 19-3A-401 Character of receipts. (a) For purposes of this section, "entity"
means a corporation, partnership, limited liability company, regulated investment company,
real estate investment trust, common trust fund, or any other organization in which a fiduciary
has an interest other than (1) a trust or decedent's estate to which Section 19-3A-402 applies,
(2) a business or activity to which Section 19-3A-403 applies, or (3) an asset-backed security
to which Section 19-3A-415 applies. (b) Except as otherwise provided in this section, a fiduciary
shall allocate to income money received from an entity. (c) A fiduciary shall allocate the
following receipts from an entity to principal: (1) Property other than money except in cases
when the fiduciary has the choice to receive dividends or similar payments either in cash
or in the shares or similar ownership interests of the corporation or other business entity,
in which case, the fiduciary shall allocate the receipts to income; (2)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3A-401.htm - 2K - Match Info - Similar pages
|