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94 chapters · 1,562 sections in this title.
Ala. Code § 22-21-109 Issuance of Securities - Sale; Expenses, Etc
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All securities issued under this division may be sold, either at private or public sale, in such manner, and from time to time, as may be determined by the directors of the hospital corporation issuing the same to be most advantageous. The hospital corporation may pay all expense…
Ala. Code § 22-21-110 Issuance of Securities - Investment of Trust Funds
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Unless otherwise directed by the court having jurisdiction thereof and by the document which is the source of authority, a fiduciary may, with the exercise of reasonable business prudence, invest trust funds in securities of a hospital corporation for payment of the principal of,…
Ala. Code § 22-21-111 Issuance of Securities - Incontestability
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Securities reciting that they are issued pursuant to the terms of this division shall, in any action or proceeding involving their validity, be conclusively deemed to be fully authorized by this division and to have been issued, sold, executed and delivered in conformity with thi…
Ala. Code § 22-21-112 Issuance of Securities - Validation Prior to Issuance
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The directors of any hospital corporation may, in their discretion, before the issuance of any securities, determine the authority of the hospital corporation to issue such securities, and the legality of all proceedings had or taken in connection therewith and the validity of th…