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https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-8/section-10a-9a-8-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 8 - Dissolution and Winding Up.›Section 10A-9A-8.06 - Known Claims Against Dissolved Limited Partnership. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 8 - Dissolution and Winding Up. › Section 10A-9A-8.06 - Known Claims Against Dissolved Limited Partnership. | Section 10A-9A-8.06
Known claims against dissolved limited partnership.
(a) A dissolved limited partnership may dispose of any known claims against it by following the procedures described in subsection (b) at any time after the effective date of the dissolution of the limited partnership.
(b) A dissolved limited partn... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-8/section-10a-9a-8-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 8 - Dissolution and Winding Up.›Section 10A-9A-8.07 - Other Claims Against Dissolved Limited Partnership. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 8 - Dissolution and Winding Up. › Section 10A-9A-8.07 - Other Claims Against Dissolved Limited Partnership. | Section 10A-9A-8.07
Other claims against dissolved limited partnership.
(a) A dissolved limited partnership may publish notice of its dissolution and request that persons with claims against the dissolved limited partnership present them in accordance with the notice.
(b) The notice authorized by subsection (a) must:
(... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-8/section-10a-9a-8-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 8 - Dissolution and Winding Up.›Section 10A-9A-8.08 - Liability of General Partner and Person Dissociated as General Partner When Cl... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 8 - Dissolution and Winding Up. › Section 10A-9A-8.08 - Liability of General Partner and Person Dissociated as General Partner When Claim Against Limited Partnership Barred. | Section 10A-9A-8.08
Liability of general partner and person dissociated as general partner when claim against limited partnership barred.
If a claim against a dissolved limited partnership is barred under Section 10A-9A-8.06 or 10A-9A-8.07, any corresponding claim under Section 10A-9A-4.04 or 10A-9A-6.07 is also barred... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-8/section-10a-9a-8-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 8 - Dissolution and Winding Up.›Section 10A-9A-8.09 - Disposition of Assets, When Contributions Required. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 8 - Dissolution and Winding Up. › Section 10A-9A-8.09 - Disposition of Assets, When Contributions Required. | Section 10A-9A-8.09
Disposition of assets, when contributions required.
Upon the winding up of a limited partnership, the assets of the limited partnership, including any obligation under Article 5 of this chapter, and any contribution required by this section, shall be applied as follows:
(a) Payment, or adequate prov... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-8/section-10a-9a-8-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 8 - Dissolution and Winding Up.›Section 10A-9A-8.10 - Reinstatement After Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 8 - Dissolution and Winding Up. › Section 10A-9A-8.10 - Reinstatement After Dissolution. | Section 10A-9A-8.10
Reinstatement after dissolution.
A limited partnership that has been dissolved may be reinstated upon compliance with the following conditions:
(a) the consent shall have been obtained from the partners or other persons entitled to consent at the time that is:
(1) required for reinstatement under th... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-8/section-10a-9a-8-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 8 - Dissolution and Winding Up.›Section 10A-9A-8.11 - Certificate of Reinstatement. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 8 - Dissolution and Winding Up. › Section 10A-9A-8.11 - Certificate of Reinstatement. | Section 10A-9A-8.11
Certificate of reinstatement.
(a) In order to reinstate a limited partnership under this article, a certificate of reinstatement shall be delivered for filing to the Secretary of State which certificate of reinstatement shall have attached thereto a true and complete copy of the limited partnership'... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-8/section-10a-9a-8-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 8 - Dissolution and Winding Up.›Section 10A-9A-8.12 - Limited Partnership Name Upon Reinstatement. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 8 - Dissolution and Winding Up. › Section 10A-9A-8.12 - Limited Partnership Name Upon Reinstatement. | Section 10A-9A-8.12
Limited partnership name upon reinstatement.
The name of a limited partnership following reinstatement shall be determined as follows:
(a) If the limited partnership remains in the Secretary of State's records as a limited partnership which has not been dissolved, then the name of the limited partne... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-8/section-10a-9a-8-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 8 - Dissolution and Winding Up.›Section 10A-9A-8.13 - Effect of Reinstatement. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 8 - Dissolution and Winding Up. › Section 10A-9A-8.13 - Effect of Reinstatement. | Section 10A-9A-8.13
Effect of reinstatement.
(a) Subject to subsection (b), upon reinstatement, the limited partnership shall be deemed for all purposes to have continued its activities and affairs as if dissolution had never occurred; and each right inuring to, and each debt, obligation, and liability incurred by, the... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-9/section-10a-9a-9-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 9 - Actions by Partners.›Section 10A-9A-9.01 - Direct Action by Partner. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 9 - Actions by Partners. › Section 10A-9A-9.01 - Direct Action by Partner. | Section 10A-9A-9.01
Direct action by partner.
(a) Subject to subsection (b), a partner may maintain a direct action against another partner or partners or the limited partnership, with or without an accounting as to the partnership's activities and affairs, to enforce the partner's rights and otherwise protect the part... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-9/section-10a-9a-9-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 9 - Actions by Partners.›Section 10A-9A-9.02 - Right of Derivative Action. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 9 - Actions by Partners. › Section 10A-9A-9.02 - Right of Derivative Action. | Section 10A-9A-9.02
Right of derivative action.
A partner may commence or maintain a derivative action in the right of a limited partnership to enforce a right of the limited partnership by complying with this article.
(Act 2016-379, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-9/section-10a-9a-9-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 9 - Actions by Partners.›Section 10A-9A-9.03 - Standing. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 9 - Actions by Partners. › Section 10A-9A-9.03 - Standing. | Section 10A-9A-9.03
Standing.
A partner may commence or maintain a derivative action in the right of the limited partnership only if the partner:
(1) fairly and adequately represents the interests of the limited partnership in enforcing the right of the limited partnership; and
(2) either:
(A) was a partner of the limi... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-9/section-10a-9a-9-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 9 - Actions by Partners.›Section 10A-9A-9.04 - Demand. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 9 - Actions by Partners. › Section 10A-9A-9.04 - Demand. | Section 10A-9A-9.04
Demand.
A partner may commence a derivative action in the right of the limited partnership, if:
(a) the partner first makes a written demand upon general partners requesting that they cause the limited partnership to bring an action to enforce the right and the general partners do not bring the acti... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-9/section-10a-9a-9-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 9 - Actions by Partners.›Section 10A-9A-9.05 - Pleading. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 9 - Actions by Partners. › Section 10A-9A-9.05 - Pleading. | Section 10A-9A-9.05
Pleading.
In a derivative action, the complaint must state with particularity:
(a) the date and content of plaintiff's demand and the general partner's response by the limited partnership to the demand; or
(b) why the demand should be excused as futile.
(Act 2016-379, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-9/section-10a-9a-9-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 9 - Actions by Partners.›Section 10A-9A-9.06 - Stay of Proceedings. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 9 - Actions by Partners. › Section 10A-9A-9.06 - Stay of Proceedings. | Section 10A-9A-9.06
Stay of proceedings.
For the purpose of allowing the general partners and the limited partnership time to undertake an inquiry into the allegations made in the demand or complaint commenced pursuant to this article, the court may stay any derivative action for the period the court deems appropriate.... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-9/section-10a-9a-9-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 9 - Actions by Partners.›Section 10A-9A-9.07 - Discontinuance or Settlement. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 9 - Actions by Partners. › Section 10A-9A-9.07 - Discontinuance or Settlement. | Section 10A-9A-9.07
Discontinuance or settlement.
A derivative action may not be dismissed or compromised without the approval of the court, and notice of the proposed dismissal or compromise shall be given to partners of the limited partnership in such manner as the court directs.
(Act 2016-379, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-9/section-10a-9a-9-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 9 - Actions by Partners.›Section 10A-9A-9.08 - Proceeds and Expenses. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 9 - Actions by Partners. › Section 10A-9A-9.08 - Proceeds and Expenses. | Section 10A-9A-9.08
Proceeds and expenses.
(a) Except as otherwise provided in subsection (b):
(1) any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited partnership and not to the derivative plaintiff; and
(2) if the derivative plaintiff receives an... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-9/section-10a-9a-9-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 9 - Actions by Partners.›Section 10A-9A-9.09 - Applicability to Foreign Limited Partnerships. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 9 - Actions by Partners. › Section 10A-9A-9.09 - Applicability to Foreign Limited Partnerships. | Section 10A-9A-9.09
Applicability to foreign limited partnerships.
In any derivative action in the right of a foreign limited partnership, the right of a person to commence or maintain a derivative action in the right of a foreign limited partnership, and any matters raised in the action covered by Sections 10A-9A-9.02... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.01 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.01 - Definitions. | Section 10A-9A-10.01
Definitions.
As used in this article, unless the context otherwise requires, the following terms mean:
(1) CONSTITUENT LIMITED PARTNERSHIP means a constituent organization that is a limited partnership.
(2) CONSTITUENT ORGANIZATION means an organization that is party to a merger under this article.... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.02 - Conversion. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.02 - Conversion. | Section 10A-9A-10.02
Conversion.
(a) An organization other than a limited partnership may convert to a limited partnership, and a limited partnership may convert to an organization other than a limited partnership pursuant to this section, Sections 10A-9A-10.03 through 10A-9A-10.05, and a plan of conversion, if:
(1) th... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.03 - Action on Plan of Conversion by Converting Limited Partnership. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.03 - Action on Plan of Conversion by Converting Limited Partnership. | Section 10A-9A-10.03
Action on plan of conversion by converting limited partnership.
(a) Subject to Section 10A-9A-10.10, a plan of conversion must be consented to by all the partners of a converting limited partnership.
(b) Subject to Section 10A-9A-10.10 and any contractual rights, after a conversion is approved, and... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.04 - Filings Required for Conversion; Effective Date. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.04 - Filings Required for Conversion; Effective Date. | Section 10A-9A-10.04
Filings required for conversion; effective date.
(a) After a plan of conversion is approved:
(1) if the converting organization is an organization formed under, or its internal affairs are governed by, the laws of this state, the converting organization shall file a statement of conversion in accor... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.05 - Effect of Conversion. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.05 - Effect of Conversion. | Section 10A-9A-10.05
Effect of conversion.
(a) When a conversion takes effect:
(1) all property and contract rights owned by the converting organization remains vested in the converted organization without transfer, reversion, or impairment and the title to any property vested by deed or otherwise in the converting org... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.06 - Merger. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.06 - Merger. | Section 10A-9A-10.06
Merger.
(a) A limited partnership may merge with one or more other constituent organizations pursuant to this section, Sections 10A-9A-10.07 through 10A-9A-10.09, and a plan of merger, if:
(1) the governing statute of each of the other organizations authorizes the merger;
(2) the merger is not proh... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.07 - Action on Plan of Merger by Constituent Limited Partnership. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.07 - Action on Plan of Merger by Constituent Limited Partnership. | Section 10A-9A-10.07
Action on plan of merger by constituent limited partnership.
(a) Subject to Section 10A-9A-10.10, a plan of merger must be consented to by all the partners of a constituent limited partnership.
(b) Subject to Section 10A-9A-10.10 and any contractual rights, after a merger is approved, and at any ti... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.08 - Filings Required for Merger; Effective Date. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.08 - Filings Required for Merger; Effective Date. | Section 10A-9A-10.08
Filings required for merger; effective date.
(a) After each constituent organization has approved the plan of merger, a statement of merger must be signed on behalf of:
(1) each constituent limited partnership, as provided in Section 10A-9A-2.03(a); and
(2) each other constituent organization, as p... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.09 - Effect of Merger. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.09 - Effect of Merger. | Section 10A-9A-10.09
Effect of merger.
(a) When a merger becomes effective:
(1) the surviving organization continues or, in the case of a surviving organization created pursuant to the merger, comes into existence;
(2) each constituent organization that merges into the surviving organization ceases to exist as a separa... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.10 - Restrictions on Approval of Mergers, Conversions and on Relinquishing Lllp St... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.10 - Restrictions on Approval of Mergers, Conversions and on Relinquishing Lllp Status. | Section 10A-9A-10.10
Restrictions on approval of mergers, conversions and on relinquishing LLLP status.
(a) If a partner of a converting or constituent limited partnership will have personal liability with respect to a converted or surviving organization, approval and amendment of a plan of conversion or plan of merger... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.11 - Liability of General Partner After Conversion or Merger. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.11 - Liability of General Partner After Conversion or Merger. | Section 10A-9A-10.11
Liability of general partner after conversion or merger.
(a) A conversion or merger under this article does not discharge any liability under Sections 10A-9A-4.04 and 10A-9A-6.07 of a person that was a general partner in or dissociated as a general partner from a converting or constituent limited p... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.12 - Power of General Partners and Persons Dissociated as General Partners to Bind... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.12 - Power of General Partners and Persons Dissociated as General Partners to Bind Organization After Conversion or Merger. | Section 10A-9A-10.12
Power of general partners and persons dissociated as general partners to bind organization after conversion or merger.
(a) An act of a person that immediately before a conversion or merger became effective was a general partner in a converting or constituent limited partnership binds the converted ... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-10/section-10a-9a-10-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 10 - Conversions and Mergers.›Section 10A-9A-10.13 - Article Not Exclusive. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 10 - Conversions and Mergers. › Section 10A-9A-10.13 - Article Not Exclusive. | Section 10A-9A-10.13
Article not exclusive.
This article is not exclusive. This article does not preclude an entity from being converted or merged under law other than this chapter.
(Act 2016-379, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-11/section-10a-9a-11-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 11 - Miscellaneous Provisions.›Section 10A-9A-11.01 - Application to Existing Relationships. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 11 - Miscellaneous Provisions. › Section 10A-9A-11.01 - Application to Existing Relationships. | Section 10A-9A-11.01
Application to existing relationships.
(a) Beginning January 1, 2017, this chapter governs all limited partnerships and all foreign limited partnerships.
(b) With respect to a limited partnership formed before January 1, 2010, the following rules apply except as the partners otherwise elect in the ... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-11/section-10a-9a-11-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 11 - Miscellaneous Provisions.›Section 10A-9A-11.02 - Severability Clause. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 11 - Miscellaneous Provisions. › Section 10A-9A-11.02 - Severability Clause. | Section 10A-9A-11.02
Severability clause.
If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end the provisi... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-11/section-10a-9a-11-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 11 - Miscellaneous Provisions.›Section 10A-9A-11.03 - Relation to Electronic Signatures in Global and National Commerce Act. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 11 - Miscellaneous Provisions. › Section 10A-9A-11.03 - Relation to Electronic Signatures in Global and National Commerce Act. | Section 10A-9A-11.03
Relation to Electronic Signatures in Global And National Commerce Act.
This chapter modifies, limits, or supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but this chapter does not modify, limit, or supersede Section 101(c) of that act... |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-11/section-10a-9a-11-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 11 - Miscellaneous Provisions.›Section 10A-9A-11.04 - Effective Date. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 11 - Miscellaneous Provisions. › Section 10A-9A-11.04 - Effective Date. | Section 10A-9A-11.04
Effective date.
This chapter takes effect January 1, 2017.
(Act 2016-379, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-11/section-10a-9a-11-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 11 - Miscellaneous Provisions.›Section 10A-9A-11.05 - Repeals. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 11 - Miscellaneous Provisions. › Section 10A-9A-11.05 - Repeals. | Section 10A-9A-11.05
Repeals.
Effective January 1, 2017, the following parts of the Code of Alabama 1975 are repealed: Sections 10A-9-1.01 to 10A-9-12.08, inclusive, as amended and in effect immediately before the effective date of this act.
(Act 2016-379, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-11/section-10a-9a-11-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 11 - Miscellaneous Provisions.›Section 10A-9A-11.06 - Savings Clause. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 11 - Miscellaneous Provisions. › Section 10A-9A-11.06 - Savings Clause. | Section 10A-9A-11.06
Savings clause.
This chapter does not affect an action commenced, proceeding brought, or right accrued before this chapter takes effect.
(Act 2016-379, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-9a/article-11/section-10a-9a-11-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 9A - Alabama Limited Partnership Law.›Article 11 - Miscellaneous Provisions.›Section 10A-9A-11.07 - Classification. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 9A - Alabama Limited Partnership Law. › Article 11 - Miscellaneous Provisions. › Section 10A-9A-11.07 - Classification. | Section 10A-9A-11.07
Classification.
For purposes of income taxation, other than under Chapter 14A of Title 40, a domestic or foreign limited partnership or limited liability limited partnership shall be treated as a partnership unless it is classified otherwise for federal income tax purposes, in which case it shall b... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.01 - Short Title. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.01 - Short Title. | Section 10A-10-1.01
Short title.
This chapter and the provisions of Chapter 1 to the extent applicable to real estate investment trusts may be cited as the "Alabama Real Estate Investment Trust Law."
(Acts 1995, No. 95-628, p. 1317, §1; §10-13-1; amended and renumbered by Act 2009-513, p. 967, §308.) |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.02 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.02 - Definitions. | Section 10A-10-1.02
Definitions.
As used in this chapter, unless the context otherwise requires, the following words shall have the meanings respectively ascribed to them:
(1) REAL ESTATE INVESTMENT TRUST. An unincorporated trust or association in which property is acquired, held, managed, administered, controlled, inv... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.03 - Permitted Form of Unincorporated Trust or Association. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.03 - Permitted Form of Unincorporated Trust or Association. | Section 10A-10-1.03
Permitted form of unincorporated trust or association.
A real estate investment trust is a permitted form of unincorporated trust or association, and may conduct business in the state in accordance with this chapter and with Chapter 1.
(Acts 1995, No. 95-628, p. 1317, §3; §10-13-3; amended and renum... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.04 - Construction With Other Law. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.04 - Construction With Other Law. | Section 10A-10-1.04
Construction with other law.
(a) This chapter does not limit present law as it applies to the creation of or doing business in the state by:
(1) A common-law trust.
(2) A business trust.
(3) A Massachusetts trust.
(b) To the extent any provision of this chapter is contrary to or inconsistent with 26... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.05 - Compliance Required. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.05 - Compliance Required. | Section 10A-10-1.05
Compliance required.
A real estate investment trust may not do business in the state until it complies with this chapter and, in the case of a foreign real estate investment trust, with Article 7 of Chapter 1.
(Acts 1995, No. 95-628, p. 1317, §5; §10-13-5; amended and renumbered by Act 2009-513, p. ... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.06 - Declaration of Trust. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.06 - Declaration of Trust. | Section 10A-10-1.06
Declaration of trust.
(a) A real estate investment trust organized under this chapter shall file its declaration of trust in the same manner as the certificate of formation of an Alabama domestic filing entity and shall be subject in all respects to the provisions of Article 4 of Chapter 1, governin... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.07 - Classification of Shares. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.07 - Classification of Shares. | Section 10A-10-1.07
Classification of shares.
(a) A real estate investment trust may provide by its declaration of trust any of the following:
(1) That any specified class of shares is preferred over another class as to its distributive share of the assets on voluntary or involuntary liquidation of the real estate inve... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.08 - Removal of Trustees. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.08 - Removal of Trustees. | Section 10A-10-1.08
Removal of trustees.
Unless the declaration of trust provides otherwise, the shareholders of a real estate investment trust may remove any trustee with or without cause by the affirmative vote of a majority of all the votes entitled to be cast for the election of trustees.
(Acts 1995, No. 95-628, p.... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.09 - Powers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.09 - Powers. | Section 10A-10-1.09
Powers.
A real estate investment trust has the power to:
(1) Unless the declaration of trust provides otherwise, have perpetual existence unaffected by any rule against perpetuities.
(2) Sue, be sued, complain, and defend in all courts.
(3) Transact its business, carry on its operations, and exercis... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.10 - Provisions on Investments and Use. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.10 - Provisions on Investments and Use. | Section 10A-10-1.10
Provisions on investments and use.
(a) A real estate investment trust shall hold, either directly or through other entities, assets of such character, in such percentages, and for such uses as permitted by Sections 856 to 860, inclusive, of the Internal Revenue Code, as amended from time to time.
(b... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.11 - Annual Report. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.11 - Annual Report. | Section 10A-10-1.11
Annual report.
(a) Each year, a real estate investment trust doing business in this state shall prepare an annual report of its operations. The report shall include a balance sheet, an income statement, and a surplus statement.
(b) The financial statements in the annual report shall be certified by ... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.12 - Inspection of Records. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.12 - Inspection of Records. | Section 10A-10-1.12
Inspection of records.
A shareholder has the same right to inspect the records of the real estate investment trust as a shareholder of a corporation under the Alabama Business Corporation Law.
(Acts 1995, No. 95-628, p. 1317, §12; §10-13-12; amended and renumbered by Act 2009-513, p. 967, §308; Act ... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.13 - Filing Fees. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.13 - Filing Fees. | Section 10A-10-1.13
Filing fees.
(a) A real estate investment trust shall pay the filing fees required under Section 10A-1-4.31.
(b) In computing fees under this section, a real estate investment trust shall treat its declaration of trust in the same manner as a certificate of formation.
(Acts 1995, No. 95-628, p. 1317... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.14 - Amendment of Declaration. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.14 - Amendment of Declaration. | Section 10A-10-1.14
Amendment of declaration.
(a) Except as provided in subsection (c) of Section 10A-10-1.06 or subdivision (7) of subsection (a) of Section 10A-10-1.07, a declaration of trust may be amended only as provided in this section.
(b) The board of trustees of a real estate investment trust proposing an amen... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.15 - Merger. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.15 - Merger. | Section 10A-10-1.15
Merger.
(a) For purposes of this section, the following words shall have the respective meanings ascribed to them:
(1) ALABAMA REAL ESTATE INVESTMENT TRUST. A real estate investment trust organized in compliance with the provisions of this chapter.
(2) BUSINESS TRUST.
a. An entity described in Secti... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.16 - Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.16 - Dissolution. | Section 10A-10-1.16
Dissolution.
(a) A real estate investment trust may terminate its existence by voluntary dissolution and wind up its business and affairs in the manner and on the grounds provided in the Alabama Business Corporation Law.
(b) A real estate investment trust may curtail or cease its trust activities by... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-17/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.17 - Liability of Trust. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.17 - Liability of Trust. | Section 10A-10-1.17
Liability of trust.
The liability of a real estate investment trust extends to as much of the trust estate, including the whole, as necessary to discharge the liability.
(Acts 1995, No. 95-628, p. 1317, §17; §10-13-17; amended and renumbered by Act 2009-513, p. 967, §308.) |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-18/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.18 - Nonliability of Shareholders for Obligations of Trust. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.18 - Nonliability of Shareholders for Obligations of Trust. | Section 10A-10-1.18
Nonliability of shareholders for obligations of trust.
No holder of the shares of, or beneficial interest in, a real estate investment trust shall be personally liable for any liabilities, duties or obligations of, or claims against, the real estate investment trust, whether arising before or after ... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-19/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.19 - Liability of Trustee. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.19 - Liability of Trustee. | Section 10A-10-1.19
Liability of trustee.
(a) Subject to the provisions of subsection (b), a trustee of a real estate investment trust is not personally liable for the obligations of the real estate investment trust.
(b) If a trustee otherwise would be liable, the provisions of this subsection do not relieve the truste... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-20/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.20 - Service of Process. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.20 - Service of Process. | Section 10A-10-1.20
Service of process.
In an action against a real estate investment trust doing business in the state, process shall be served on any officer or resident agent of the real estate investment trust or by any method permitted under Section 10A-1-5.31, 10A-1-5.35, or 10A-1-5.36, and any notice or demand p... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.21 - Income Tax. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.21 - Income Tax. | Section 10A-10-1.21
Income tax.
(a) A real estate investment trust shall be subject to the tax imposed by Section 40-18-31, provided, that for purposes of Section 40-18-33, the "net income" of a real estate investment trust shall mean "real estate investment trust taxable income" as defined in 26 U.S.C. Section 857 as ... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-23/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.23 - Treatment of Corporate Real Estate Investment Trust. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.23 - Treatment of Corporate Real Estate Investment Trust. | Section 10A-10-1.23
Treatment of corporate real estate investment trust.
A domestic or foreign corporation or any "qualified REIT subsidiary" of the domestic or foreign corporation as defined in 26 U.S.C. Section 856(i), otherwise in compliance with the provisions of Chapters 1 and 2, that elects to be treated as a rea... |
https://law.justia.com/codes/alabama/title-10a/chapter-10/section-10a-10-1-24/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 10 - Real Estate Investment Trusts.›Section 10A-10-1.24 - Treatment of Distribution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 10 - Real Estate Investment Trusts. › Section 10A-10-1.24 - Treatment of Distribution. | Section 10A-10-1.24
Treatment of distribution.
Distributions made from ordinary income by a real estate investment trust are income. All other distributions made by the trust, including distributions from capital gains, depreciation, or depletion, whether in the form of cash or an option to take new stock or cash or an... |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.01 - Short Title. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.01 - Short Title. | Section 10A-11-1.01
Short title.
This chapter and the provisions of (A) Chapter 1 and (B) Chapter 2 or Chapter 2A, as applicable, to the extent applicable to employee cooperative associations may be cited as the Alabama Employee Cooperative Corporations Law.
(Act 97-949, p. 524, §1; §10-14-1; amended and renumbered by ... |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.02 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.02 - Definitions. | Section 10A-11-1.02
Definitions.
As used in this chapter, the following words shall have the following meanings:
(1) COLLECTIVE RESERVE ACCOUNT. An internal capital account that represents the portion of the net book value of the corporation attributable to the cooperative.
(2) EMPLOYEE COOPERATIVE. A corporation which... |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.03 - Election as Employee Cooperative. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.03 - Election as Employee Cooperative. | Section 10A-11-1.03
Election as employee cooperative.
Any corporation governed by the Alabama Business Corporation Law may elect to be governed as an employee cooperative under this chapter, by so stating in its certificate of formation or certificate of amendment filed in accordance with the Alabama Business Corporati... |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.04 - Revocation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.04 - Revocation. | Section 10A-11-1.04
Revocation.
An employee cooperative may revoke its election under this chapter by a vote of two-thirds of the members and through articles of amendment filed in accordance with the Alabama Business Corporation Law.
(Act 97-949, p. 524, §4; §10-14-4; amended and renumbered by Act 2009-513, p. 967, §3... |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.05 - Corporate Name. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.05 - Corporate Name. | Section 10A-11-1.05
Corporate name.
An employee cooperative may include the word "cooperative" or "co-op" in its corporate name, provided, however, that the name shall not include the words "electric" or "power".
(Act 97-949, p. 524, §5; §10-14-5; amended and renumbered by Act 2009-513, p. 967, §312.) |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.06 - Members; Membership Shares; Rights and Responsibilities. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.06 - Members; Membership Shares; Rights and Responsibilities. | Section 10A-11-1.06
Members; membership shares; rights and responsibilities.
(a) The governing documents shall establish qualifications and the method of acceptance and termination of members. No person may be accepted as a member unless employed by the employee cooperative on a full-time or part-time basis. In order t... |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.07 - Directors and Officers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.07 - Directors and Officers. | Section 10A-11-1.07
Directors and officers.
(a) The bylaws of an employee cooperative shall provide for the election, terms, classification, if any, and removal of directors and officers.
(b) Nonmembers may serve as directors or officers of an employee cooperative but at no time shall the number of nonmember directors ... |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.08 - Voting Power; Amendment or Repeal of Bylaws; Protection of Stockholders. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.08 - Voting Power; Amendment or Repeal of Bylaws; Protection of Stockholders. | Section 10A-11-1.08
Voting power; amendment or repeal of bylaws; protection of stockholders.
(a) No capital stock other than membership shares shall be given voting power in an employee cooperative, except as otherwise provided in this chapter.
(b) Notwithstanding any other provision of law, the power to amend or repea... |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.09 - Apportionment, etc., of Net Earnings or Losses. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.09 - Apportionment, etc., of Net Earnings or Losses. | Section 10A-11-1.09
Apportionment, etc., of net earnings or losses.
(a) The net earnings or losses of an employee cooperative shall be apportioned and distributed at such times and in such manner as the governing documents specify. Net earnings declared as patronage allocations with respect to a period of time, and pai... |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.10 - Internal Capital Accounts. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.10 - Internal Capital Accounts. | Section 10A-11-1.10
Internal capital accounts.
(a) Any employee cooperative may establish through its governing documents a system of internal capital accounts, to reflect the book value and to determine the redemption price of membership shares, capital stock, and written notices of allocation.
(b) The governing docum... |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.11 - Internal Capital Account Cooperatives. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.11 - Internal Capital Account Cooperatives. | Section 10A-11-1.11
Internal capital account cooperatives.
(a) An internal capital account cooperative is a worker cooperative whose entire net book value is reflected in internal capital accounts, one for each member, and a collective reserve account, and in which no persons other than members own capital stock. In an... |
https://law.justia.com/codes/alabama/title-10a/chapter-11/section-10a-11-1-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 11 - Employee Cooperative Corporations.›Section 10A-11-1.12 - Conversion of Membership Shares, etc.; Merger of Employee Cooperatives. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 11 - Employee Cooperative Corporations. › Section 10A-11-1.12 - Conversion of Membership Shares, etc.; Merger of Employee Cooperatives. | Section 10A-11-1.12
Conversion of membership shares, etc.; merger of employee cooperatives.
(a) When an employee cooperative revokes its election in accordance with Section 10A-11-1.04, the certificate of amendment shall provide for conversion of membership shares and internal capital accounts or their conversion to se... |
https://law.justia.com/codes/alabama/title-10a/chapter-16/section-10a-16-1-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 16 - Business Trusts.›Section 10A-16-1.01 - Definition of "Business trust." | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 16 - Business Trusts. › Section 10A-16-1.01 - Definition of "Business trust." | Section 10A-16-1.01
Definition of "business trust."
A business trust is an express trust created by a written declaration of trust whereby property is conveyed to one or more trustees, who hold and manage the same for the benefit and profit of such persons as may be or become the holders of transferable certificates ev... |
https://law.justia.com/codes/alabama/title-10a/chapter-16/section-10a-16-1-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 16 - Business Trusts.›Section 10A-16-1.02 - Establishment; Lawful Purposes. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 16 - Business Trusts. › Section 10A-16-1.02 - Establishment; Lawful Purposes. | Section 10A-16-1.02
Establishment; lawful purposes.
A business trust may be established by a declaration of trust, duly executed by one or more trustees, for any lawful purpose including, but not limited to, acquiring, managing, improving, leasing, dealing in, selling, or otherwise alienating, mortgaging, or otherwise ... |
https://law.justia.com/codes/alabama/title-10a/chapter-16/section-10a-16-1-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 16 - Business Trusts.›Section 10A-16-1.03 - Powers and Liabilities of Trustees; Liability of Trust for Acts of Trustees. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 16 - Business Trusts. › Section 10A-16-1.03 - Powers and Liabilities of Trustees; Liability of Trust for Acts of Trustees. | Section 10A-16-1.03
Powers and liabilities of trustees; liability of trust for acts of trustees.
The trustees shall hold the legal title to all property at any time belonging to the business trust. They shall have control over the property as well as the control and management of the business and affairs of the busines... |
https://law.justia.com/codes/alabama/title-10a/chapter-16/section-10a-16-1-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 16 - Business Trusts.›Section 10A-16-1.04 - Certificate of Ownership; Liability of Beneficial Owners. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 16 - Business Trusts. › Section 10A-16-1.04 - Certificate of Ownership; Liability of Beneficial Owners. | Section 10A-16-1.04
Certificate of ownership; liability of beneficial owners.
The beneficial ownership in a business trust may be evidenced by certificates issued by the trustees. These beneficial interests, whether certificated or uncertificated, shall be transferable in the same manner as stock of a corporation is tr... |
https://law.justia.com/codes/alabama/title-10a/chapter-16/section-10a-16-1-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 16 - Business Trusts.›Section 10A-16-1.05 - Contents and Recordation of Declaration of Trust. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 16 - Business Trusts. › Section 10A-16-1.05 - Contents and Recordation of Declaration of Trust. | Section 10A-16-1.05
Contents and recordation of declaration of trust.
(a) The written declaration of trust may provide for the election of successor trustees in the event of the death, resignation, and removal of a trustee and may provide for the amendment of the declaration of trust. The declaration of trust may also ... |
https://law.justia.com/codes/alabama/title-10a/chapter-16/section-10a-16-1-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 16 - Business Trusts.›Section 10A-16-1.06 - Duration of Business Trust; Rules Against Perpetuities and Restraint of Aliena... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 16 - Business Trusts. › Section 10A-16-1.06 - Duration of Business Trust; Rules Against Perpetuities and Restraint of Alienation Not Violated. | Section 10A-16-1.06
Duration of business trust; rules against perpetuities and restraint of alienation not violated.
A business trust shall not be deemed invalid as violating the rule against perpetuities or the law against suspension of the powers of alienation. Such trust may continue for the time as may be necessary... |
https://law.justia.com/codes/alabama/title-10a/chapter-16/section-10a-16-1-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 16 - Business Trusts.›Section 10A-16-1.07 - Suits Against Trust; Property Subject to Attachment and Execution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 16 - Business Trusts. › Section 10A-16-1.07 - Suits Against Trust; Property Subject to Attachment and Execution. | Section 10A-16-1.07
Suits against trust; property subject to attachment and execution.
A business trust may be sued for debts and other obligations incurred by the trustees in the performance of their duties under the declaration of trust and for any damages resulting from the negligence of the trustees, and its proper... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.01 - Short Title. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.01 - Short Title. | Section 10A-17-1.01
Short title.
This chapter together with applicable provisions of Chapter 1 may be cited as the Alabama Unincorporated Nonprofit Association Law.
(Acts 1995, No. 95-527, p. 1064, §1; §10-3B-1; amended and renumbered by Act 2009-513, p. 967, §320.) |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.02 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.02 - Definitions. | Section 10A-17-1.02
Definitions.
In this chapter:
(1) "Member" means a person who, under the rules or practices of a nonprofit association, may participate in the selection of persons authorized to manage the affairs of the nonprofit association or in the development of policy of the nonprofit association.
(2) "Nonprof... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.03 - Supplementary General Principles of Law and Equity. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.03 - Supplementary General Principles of Law and Equity. | Section 10A-17-1.03
Supplementary general principles of law and equity.
Principles of law and equity supplement this chapter unless specifically displaced by a particular provision of it.
(Acts 1995, No. 95-527, p. 1064, §3; §10-3B-3; amended and renumbered by Act 2009-513, p. 967, §320.) |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.04 - Governance. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.04 - Governance. | Section 10A-17-1.04
Governance.
(a) A nonprofit association may adopt written rules for its regulation, management, governance and dissolution.
(b) As to matters not addressed by written rules, the following rules shall apply:
(1) A member of a nonprofit association shall be entitled to participate in the governance of... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.05 - Real and Personal Property; Nonprofit Association as Legatee, Devisee, or Bene... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.05 - Real and Personal Property; Nonprofit Association as Legatee, Devisee, or Beneficiary. | Section 10A-17-1.05
Real and personal property; nonprofit association as legatee, devisee, or beneficiary.
(a) Unless prohibited or otherwise limited by its written rules or governing documents, a nonprofit association in its name may acquire, hold, encumber, or transfer an estate or interest in real or personal proper... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.06 - Statement of Authority as to Real Property. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.06 - Statement of Authority as to Real Property. | Section 10A-17-1.06
Statement of authority as to real property.
(a) A nonprofit association shall execute and record a statement of authority to transfer an estate or interest in real property in the name of the nonprofit association.
(b) An estate or interest in real property in the name of a nonprofit association may... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.07 - Liability in Tort and Contract. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.07 - Liability in Tort and Contract. | Section 10A-17-1.07
Liability in tort and contract.
(a) A nonprofit association is a legal entity separate from its members for the purposes of determining and enforcing rights, duties, and liabilities in contract and tort.
(b) A person is not liable for a breach of a nonprofit association's contract merely because the... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.08 - Capacity to Assert and Defend; Standing. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.08 - Capacity to Assert and Defend; Standing. | Section 10A-17-1.08
Capacity to assert and defend; standing.
(a) A nonprofit association, in its name, may institute, defend, intervene, or participate in a judicial, administrative, or other governmental proceeding or in an arbitration, mediation, or any other form of alternative dispute resolution.
(b) A nonprofit as... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.09 - Effect of Judgment or Order. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.09 - Effect of Judgment or Order. | Section 10A-17-1.09
Effect of judgment or order.
A judgment or order against a nonprofit association is not by itself a judgment or order against a member.
(Acts 1995, No. 95-527, p. 1064, §9; §10-3B-9; amended and renumbered by Act 2009-513, p. 967, §320.) |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.10 - Disposition of Personal Property of Inactive or Dissolved Nonprofit Associatio... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.10 - Disposition of Personal Property of Inactive or Dissolved Nonprofit Association. | Section 10A-17-1.10
Disposition of personal property of inactive or dissolved nonprofit association.
If a nonprofit association has been inactive for five years or longer, or has been dissolved, a person in possession or control of personal property of the nonprofit association may transfer the property:
(1) If a docum... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.11 - Appointment of Agent to Receive Service of Process. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.11 - Appointment of Agent to Receive Service of Process. | Section 10A-17-1.11
Appointment of agent to receive service of process.
(a) A nonprofit association may deliver to the Secretary of State for filing a statement appointing an agent authorized to receive service of process.
(b) A statement appointing an agent shall set forth:
(1) The name of the nonprofit association;
(... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.12 - Claim Not Abated by Change of Members or Offices. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.12 - Claim Not Abated by Change of Members or Offices. | Section 10A-17-1.12
Claim not abated by change of members or offices.
A claim for relief against a nonprofit association does not abate merely because of a change in its members or persons authorized to manage the affairs of the nonprofit association.
(Acts 1995, No. 95-527, p. 1064, §12; §10-3B-12; amended and renumbe... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.13 - Venue. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.13 - Venue. | Section 10A-17-1.13
Venue.
Venue shall be as is provided in Section 6-3-6, as may be amended from time to time.
(Acts 1995, No. 95-527, p. 1064, §13; §10-3B-13; amended and renumbered by Act 2009-513, p. 967, §320.) |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.14 - Summons and Complaint; Service on Whom. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.14 - Summons and Complaint; Service on Whom. | Section 10A-17-1.14
Summons and complaint; service on whom.
In an action or proceeding against a nonprofit association, a summons and complaint shall be served on an agent authorized by appointment in Section 10A-17-1.11 herein to receive service of process, or on an officer, managing or general agent, or person author... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.15 - Transition Concerning Real and Personal Property. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.15 - Transition Concerning Real and Personal Property. | Section 10A-17-1.15
Transition concerning real and personal property.
(a) If, before January 1, 1996, an estate or interest in real or personal property was purportedly transferred to a nonprofit association, on January 1, 1996 the estate or interest vests in the nonprofit association unless the parties have treated th... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.16 - Other Acts Not Repealed. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.16 - Other Acts Not Repealed. | Section 10A-17-1.16
Other acts not repealed.
The following sections and parts of sections of the Code of Alabama 1975, as amended, are not repealed by this chapter:
(1) Sections 2-10-1 through 2-10-108, regarding cooperatives and associations.
(2) Section 6-3-4, regarding venue of actions against unincorporated groups ... |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-17/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.17 - Savings Clause. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.17 - Savings Clause. | Section 10A-17-1.17
Savings clause.
This chapter does not affect an action or proceeding commenced or right accrued before this chapter takes effect.
(Acts 1995, No. 95-527, p. 1064, §17; §10-3B-17; amended and renumbered by Act 2009-513, p. 967, §320.) |
https://law.justia.com/codes/alabama/title-10a/chapter-17/section-10a-17-1-18/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 17 - Unincorporated Nonprofit Associations.›Section 10A-17-1.18 - Uniformity of Application and Construction. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 17 - Unincorporated Nonprofit Associations. › Section 10A-17-1.18 - Uniformity of Application and Construction. | Section 10A-17-1.18
Uniformity of application and construction.
This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it.
(Acts 1995, No. 95-527, p. 1064, §18; §10-3B-18; amended and renumbered by Act 2009-... |
https://law.justia.com/codes/alabama/title-10a/chapter-20/article-1/section-10a-20-1-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 20 - Special Purpose Entities.›Article 1 - Bishop of Diocese.›Section 10A-20-1.01 - Authority to Incorporate. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 20 - Special Purpose Entities. › Article 1 - Bishop of Diocese. › Section 10A-20-1.01 - Authority to Incorporate. | Section 10A-20-1.01
Authority to incorporate.
Any bishop of a diocese consisting wholly or in part of territory in Alabama may become a corporation sole with the power and authority defined in this article by proceeding according to the provisions of this article.
(Acts 1911, No. 429, p. 452; Code 1923, §7112; Code 194... |
https://law.justia.com/codes/alabama/title-10a/chapter-20/article-1/section-10a-20-1-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 20 - Special Purpose Entities.›Article 1 - Bishop of Diocese.›Section 10A-20-1.02 - Proceedings to Incorporate. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 20 - Special Purpose Entities. › Article 1 - Bishop of Diocese. › Section 10A-20-1.02 - Proceedings to Incorporate. | Section 10A-20-1.02
Proceedings to incorporate.
To become a corporation sole, the bishop shall present to the Secretary of State of Alabama an application signed by the bishop which shall set forth:
(1) The name, official designation, and place of residence of the applicant, the name of the church of which the individu... |
https://law.justia.com/codes/alabama/title-10a/chapter-20/article-1/section-10a-20-1-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 20 - Special Purpose Entities.›Article 1 - Bishop of Diocese.›Section 10A-20-1.03 - Certificate of Incorporation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 20 - Special Purpose Entities. › Article 1 - Bishop of Diocese. › Section 10A-20-1.03 - Certificate of Incorporation. | Section 10A-20-1.03
Certificate of incorporation.
When the application has been made, filed, and recorded as provided in Section 10A-20-1.02, the applicant shall constitute a corporation sole under the name proposed in the application; and the Secretary of State shall make and issue to the applicant a certificate of in... |
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