§ 10-10-1 Definitions
§ 10-10-2 Laws governing – Generally; applicability of chapter
§ 10-10-3 Laws governing – Actions
§ 10-10-4 Formation; restriction on service rendered
§ 10-10-5 Articles of association; name of association; dissolution
§ 10-10-6 Purposes
§ 10-10-7 Stock and nonstock associations; nature and transferability of members’ interests
§ 10-10-8 Board of governors; officers; bylaws; voting by members or shareholders
§ 10-10-9 Powers; conveyances; exemption from liability
§ 10-10-10 Furnishing of statements to Secretary of State
§ 10-10-11 Effect of chapter on professional relationships; liability of members or shareholders
§ 10-10-12 Professional services to be rendered only through licensed officers or employees
§ 10-10-13 Withdrawal of members and employees becoming disqualified to practice; proceedings to dissolve noncomplying association
§ 10-10-14 Purchase of membership or shares of former member or shareholder
§ 10-10-15 Continuity of association independent of members or shareholders
§ 10-10-16 Distribution of assets on dissolution

Terms Used In Alabama Code > Title 10 > Chapter 10 - Unincorporated Professional Associations

  • APPROPRIATED FUNDS: The tobacco revenues deposited in the special fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-630. See Alabama Code 41-10-622
  • authority: The Alabama 21st Century Authority authorized to be established pursuant to Section 41-10-623. See Alabama Code 41-10-622
  • bonds: Those bonds, including refunding bonds, issued pursuant to this division. See Alabama Code 41-10-622
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • PERMITTED INVESTMENTS: (i) Government Securities; (ii) bonds, debentures, notes, or other evidences of indebtedness issued by any of the following agencies: Bank for Cooperatives; federal intermediate credit banks; Federal Financing Bank; federal home loan banks; Federal Farm Credit Bank; Export-Import Bank of the United States; federal land banks; or Farmers Home Administration or any other agency or corporation which has been or may hereafter be created by or pursuant to an act of the Congress of the United States as an agency or instrumentality thereof; (iii) bonds, notes, pass through securities or other evidences of indebtedness of the Government National Mortgage Association and participation certificates of the Federal Home Loan Mortgage Corporation; (iv) full faith and credit obligations of any state, provided that at the time of purchase such obligations are rated at least "AA" by Standard & Poor's Ratings Group and at least "Aa" by Moody's Investors Service; (v) public housing bonds issued by public agencies or municipalities and fully secured as to the payment of both principal and interest by contracts with the United States of America, or temporary notes, preliminary notes, or project notes issued by public agencies or municipalities, in each case fully secured as to the payment of both principal and interest by contracts with the United States of America, or temporary notes, preliminary notes or project notes issued by public agencies or municipalities, in each case fully secured as to the payment of both principal and interest by a requisition or payment agreement with the United States of America; (vi) time deposits evidenced by certificates of deposit issued by banks or savings and loan associations which are members of the Federal Deposit Insurance Corporation, provided that, to the extent such time deposits are not covered by federal deposit insurance, such time deposits (including interest thereon) are fully secured by a pledge of obligations described in items (i), (ii), (iii), and (v) above, which at all times have a market value not less than the amount of such bank time deposits required to be so secured and which meet the greater of 100 percent collateralization or the "AA" collateral levels established by Standard & Poor's Ratings Group for structured financings; (vii) repurchase agreements for obligations of the type specified in items (i), (ii), (iii), and (v) above, provided such repurchase agreements are fully collateralized and secured by such obligations which have a market value at least equal to the purchase price of such repurchase agreements which are held by a depository satisfactory to the State Treasurer in such manner as may be required to provide a perfected security interest in such obligations, and which meet the greater of 100 percent collateralization or the "AA" collateral levels established by Standard & Poor's Ratings Group for structured financings; and (viii) uncollateralized investment agreements with, or certificates of deposit issued by, banks or bank holding companies, the senior long-term securities of which are rated at least "AA" by Standard & Poor's Ratings Group and at least "Aa" by Moody's Investors Service. See Alabama Code 41-10-622
  • personal property: includes money, goods, chattels, things in action and evidence of debt, deeds and conveyances. See Alabama Code 1-1-1
  • Personal property: All property that is not real property.
  • Quorum: The number of legislators that must be present to do business.
  • REFUNDING BONDS: Those refunding bonds issued pursuant to this division. See Alabama Code 41-10-622
  • SPECIAL FUND: The Alabama 21st Century Fund established pursuant to Section 41-10-629. See Alabama Code 41-10-622
  • state: The State of Alabama. See Alabama Code 41-10-622
  • TOBACCO REVENUES: Revenues received by the state pursuant to any federal tobacco-related settlement, any tobacco-related appropriations made by the United States Congress to the State of Alabama, or any revenues received by the state from litigation against any tobacco-related industry. See Alabama Code 41-10-622