Section 10A-20-7.14 – Tax Exemptions, Credits, and Privileges.
Section 10A-20-7.14 Tax exemptions, credits, and privileges. Any tax exemptions, tax credits, or tax privileges granted to banks, savings and loan associations, trust companies, and other financial institutions by any general laws are granted to corporations organized pursuant to this article. (Acts 1969, No. 322, p. 681, §18; §10-4-143; amended and renumbered by Act 2009-513, […]
Section 10A-20-8.07 – Declaratory Actions – Averments of Plaintiff.
Section 10A-20-8.07 Declaratory actions – Averments of plaintiff. The plaintiff in an action may aver as a separate aspect or equity that the parent organization has made or sanctioned material changes in the laws, rules, social creed, or jurisdictional system with respect to social standards, practices, or policies which changes are opposed to the views, […]
Section 10A-20-15.03 – Procedure for Condemnation.
Section 10A-20-15.03 Procedure for condemnation. The procedure for condemnation under this article shall be in the manner provided for the condemnation of lands and rights-of-way for public use in Chapter 1A of Title 18; or, at the option of the condemning party, in the manner provided in any other statute conferring the power of eminent […]
Section 10A-20-7.15 – Occupational License Taxes.
Section 10A-20-7.15 Occupational license taxes. Every corporation organized and engaged in business under this article shall pay an annual state occupational license tax of fifty dollars ($50). Counties and municipalities are authorized in addition to levy an occupational license tax. (Acts 1969, No. 322, p. 681, §19; §10-4-144; amended and renumbered by Act 2009-513, p. […]
Section 10A-20-8.08 – Declaratory Actions – Judgment.
Section 10A-20-8.08 Declaratory actions – Judgment. If on final hearing the court shall find that the organization of the plaintiff corporation, subject to such further or amended conditions or provisions as the court may require or approve, is equitable and appropriate for administration as a fraternal or charitable trust and that the withdrawal of the […]
Section 10A-20-15.04 – Dams Considered as Authorized by Legislature.
Section 10A-20-15.04 Dams considered as authorized by Legislature. Any dam erected in accordance with this article shall be considered a dam authorized by the Legislature of this state at the particular site selected and of the specific height and dimensions determined upon. (Code 1907, §3634; Code 1923, §7200; Code 1940, T. 10, §185; §10-4-323; amended […]
Section 10A-20-7.16 – Setting Apart of Earned Surplus.
Section 10A-20-7.16 Setting apart of earned surplus. Each year, the corporation shall set apart as earned surplus not less than 10 percent of its net earnings for the preceding fiscal year until the surplus shall be equal in value to one half of the amount paid in on the capital stock then outstanding. Whenever the […]
Section 10A-20-8.09 – Averments as to Loans From Parent Organization; Judgment to Provide for Repayment and Lien for Unsecured Loans.
Section 10A-20-8.09 Averments as to loans from parent organization; judgment to provide for repayment and lien for unsecured loans. The complaint in any action authorized by this article shall state whether or not the local organization obtained from the parent organization or any of its affiliated organizations a loan or grant of funds with which […]
Section 10A-20-16.01 – Legislative Intent.
Section 10A-20-16.01 Legislative intent. The Legislature finds and declares that the services of nonprofit corporations, organizations, associations, boards, authorities, and commissions are critical to the efficient conduct and management of the public, civic, and charitable affairs of the citizens of this state. Noncompensated officers, directors, trustees, partners, managers, members, and governing persons and other members […]
Section 10A-20-7.17 – Deposit of Funds in Designated Depository.
Section 10A-20-7.17 Deposit of funds in designated depository. The corporation shall not deposit any of its funds in any banking institution unless the institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is […]