§ 10-14-1 Short title
§ 10-14-2 Definitions
§ 10-14-3 Election as employee cooperative
§ 10-14-4 Revocation of election
§ 10-14-5 Corporate name
§ 10-14-6 Members; membership shares; rights and responsibilities
§ 10-14-7 Directors and officers
§ 10-14-8 Voting powers; amendment or repeal of bylaws; protection of stockholders
§ 10-14-9 Apportionment, etc., of net earnings or losses
§ 10-14-10 Internal capital accounts
§ 10-14-11 Internal capital account cooperatives
§ 10-14-12 Conversion of membership shares, etc.; merger of employee cooperatives

Terms Used In Alabama Code > Title 10 > Chapter 14 - Employee Cooperative Corporations

  • department: The Department of Revenue. See Alabama Code 41-10-727
  • Dependent: A person dependent for support upon another.
  • Devise: To gift property by will.
  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
  • employee: An employee, as defined in the Internal Revenue Code, as amended from time to time; except that any individual providing services to an employer on an hourly, part-time, full-time, salaried, or contractual basis shall be considered an employee for purposes of this division. See Alabama Code 41-10-727
  • employer: An employer, as defined in the Internal Revenue Code, as amended from time to time, that is either a general contractor or subcontractor that primarily holds itself out for hire to the general public as a general contractor or subcontractor and who receives more than five percent of its annual gross revenue from business described in either North American Industry Classification System (NAICS) Code 236, 237, or 238 of the United States Department of Commerce in effect as of January 1, 2009. See Alabama Code 41-10-727
  • fee: The tax levied by this division. See Alabama Code 41-10-727
  • Fraud: Intentional deception resulting in injury to another.
  • GENERAL CONTRACTOR: Any individual, person, corporation, limited liability entity, trust, association, or any other business enterprise other than home building projects by licensed residential home builders as defined in Chapter 14A of Title 34, or those specifically exempted under Chapter 14A of Title 34, except for subdivision (3) of Section 34-14A-6, that for a price, commission, fee, or payment undertakes to construct or superintend or engage in the construction, alteration, maintenance, repair, rehabilitation, remediation, reclamation, demolition of any building, highway, sewer, structure, site work, grading, or paving of any project, or any improvement, in the State of Alabama. See Alabama Code 41-10-727
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Quorum: The number of legislators that must be present to do business.
  • SKILLED LABOR: Includes all labor or services performed by employees directly engaged in construction operations at the location of any construction, alteration, maintenance, repair, rehabilitation, remediation, reclamation, demolition, highway, sewer, structure, grading, paving, or improvement project in Alabama. See Alabama Code 41-10-727
  • subcontractor: Any individual, person, corporation, limited liability entity, trust, association, or any other business enterprise performing work under contract to a general contractor, but not licensed residential home builders building homes as defined in Chapter 14A of Title 34, or those specifically exempted under Chapter 14A of Title 34, except for subdivision (3) of Section 34-14A-6. See Alabama Code 41-10-727
  • wages: The gross earnings paid by an employer to an employee covered by this division, including all forms of compensation such as salaries, hourly payments, commissions, remuneration, dismissal pay, bonuses, and vacation and sick leave pay, prior to deductions for items such as Social Security contributions, withholding taxes, group health insurance, union dues, and savings bonds. See Alabama Code 41-10-727