Section 2-10-92 – How Association May Be Formed; Amendments to Articles of Incorporation.
Section 2-10-92 How association may be formed; amendments to articles of incorporation. Five or more producers of agricultural products, whether in the State of Alabama or not, who may desire that they, their associates and successors shall come under this article and enjoy its benefits may enter into articles of association and incorporation which shall […]
Section 2-10-108 – Incorporated Marketing Association Not Affected.
Section 2-10-108 Incorporated marketing association not affected. This article shall not amend, repeal or in anywise affect the provisions of article 3 of this chapter, nor any corporation or association formed thereunder. (Acts 1935, No. 220, p. 604; Code 1940, T. 2, §133.)
Section 2-10-93 – Organization Generally; Adoption of Bylaws.
Section 2-10-93 Organization generally; adoption of bylaws. A majority of the organizing members named in the articles of incorporation, at a time and place agreed upon in writing by all the said organizers, or when and where all are present, or upon call of a majority of such organizers upon five days’ notice thereof, in […]
Section 2-10-94 – Board of Directors.
Section 2-10-94 Board of directors. The affairs of an association incorporated under this article shall be conducted, controlled and managed by a board of directors of such number, not to be less than five, and with such terms of office as may be provided by the bylaws. The said directors shall be elected by the […]
Section 2-10-95 – Election and Duties of Officers.
Section 2-10-95 Election and duties of officers. The board of directors shall elect from its number a president and one or more vice-presidents. It shall also elect a secretary and a treasurer who need not be directors, and it may combine the two latter offices and designate the combined office as secretary-treasurer. The duties of […]
Section 2-10-96 – Voting by Mail or Proxy; Fees and Dues.
Section 2-10-96 Voting by mail or proxy; fees and dues. The bylaws may provide, among other things, for voting by the members by mail or by proxy in writing and for membership fees and dues and shall provide how membership in the incorporated association may be acquired and lost. (Acts 1935, No. 220, p. 604; […]
Section 2-10-66 – Exchange of Stock.
Section 2-10-66 Exchange of stock. Whenever an association organized under this article with preferred capital stock shall purchase the stock or any property or any interest in any property of any person, firm, corporation or association, it may discharge the obligations so incurred, wholly or in part, by exchanging for the acquired interest shares of […]
Section 2-10-97 – Membership.
Section 2-10-97 Membership. Under the terms and conditions prescribed in its bylaws, an association may admit as members or issue common stock or certificates of membership only to persons engaged in the production of agricultural products, including the lessees and tenants of land used for the production of such products and lessors and landlords who […]
Section 2-10-67 – Annual Report of Association.
Section 2-10-67 Annual report of association. Each association formed under this article shall prepare and make out an annual report on forms furnished by the Secretary of State, containing the name of the association, its principal place of business and a general statement of its business operations during the fiscal year, showing the amount of […]
Section 2-10-98 – Organization With Capital Stock.
Section 2-10-98 Organization with capital stock. Incorporated associations may be organized under this article with capital stock at the option of the organizers. In that event the association shall be organized by the same method and for the same recording fee as in the case of those associations organized without capital stock, except that the […]