If the commissioner is satisfied from his investigation that the character and general fitness of the persons to manage an association are such as to assure a proper, fair and successful operation of such association and that such association will be of public benefit, then a permit to operate shall be granted after all officers handling or controlling property or cash shall have given a bond in such amount and under such conditions as may be prescribed by the State Board of Agriculture and Industries. Thereafter, each association shall pay an annual renewal permit fee of $25.00, payable on or before the start of the fiscal year of said association. Such fee shall accompany completed forms for yearly renewal, provided by the association, prior to the start of its fiscal year. Those associations in possession of valid permits as of July 25, 1983 shall also be required to pay the above annual renewal permit fees on or before the start of their next fiscal year following the passage of this section. Failure to pay annual renewal permit fees shall be considered grounds for revocation of any existing permit. The above annual permit fee of $25.00 shall also be due and payable for each and every subsidiary, branch office or other like establishment of associations that conduct any business of the association, in towns or areas different from that of the home office of the association.
Structure Code of Alabama
Chapter 10 - Cooperatives and Associations.
Article 2 - Marketing Associations Generally.
Section 2-10-20 - "Association" Defined.
Section 2-10-21 - Permit Required; Fee.
Section 2-10-22 - Duty of Commissioner Upon Receipt of Application for Permit.
Section 2-10-24 - Refusal of Permit.
Section 2-10-25 - Notice of Decision Refusing Permit; Appeal.
Section 2-10-26 - Temporary Permit Pending Appeal.
Section 2-10-27 - Authority to Acquire Stock and Execute Mortgages.
Section 2-10-28 - Annual Report.
Section 2-10-29 - Investigation of Affairs of Association.
Section 2-10-30 - Commissioner to Report Association Violating Purposes of Organization, Etc.
Section 2-10-31 - Hearing on Report of Commissioner.
Section 2-10-32 - Order of Board After Hearing; Appeal.
Section 2-10-33 - Bond Required of Person Placed in Charge of Association.
Section 2-10-34 - Payment of Expense of Operating or Closing Out Association.
Section 2-10-35 - Dissolution of Marketing or Marketing and Purchasing Associations.