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https://law.justia.com/codes/alabama/title-10a/chapter-1/article-7/division-d/section-10a-1-7-32/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 7 - Foreign Entities.›Division D - Business, Rights, and Obligations.›Section 10A-1-7.32 - Rights and Privileges. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 7 - Foreign Entities. › Division D - Business, Rights, and Obligations. › Section 10A-1-7.32 - Rights and Privileges. | Section 10A-1-7.32
Rights and privileges.
A foreign entity with a registration under this article enjoys the same but no greater rights and privileges as the domestic entity to which it most closely corresponds.
(Act 2009-513, p. 967, §66; Act 2018-125, §3.) |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-7/division-d/section-10a-1-7-33/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 7 - Foreign Entities.›Division D - Business, Rights, and Obligations.›Section 10A-1-7.33 - Obligations and Liabilities. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 7 - Foreign Entities. › Division D - Business, Rights, and Obligations. › Section 10A-1-7.33 - Obligations and Liabilities. | Section 10A-1-7.33
Obligations and liabilities.
Repealed by Act 2018-125, §7, effective January 1, 2019.
(Act 2009-513, p. 967, §66.) |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-7/division-d/section-10a-1-7-34/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 7 - Foreign Entities.›Division D - Business, Rights, and Obligations.›Section 10A-1-7.34 - Right of Foreign Entity to Participate in the Business of ... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 7 - Foreign Entities. › Division D - Business, Rights, and Obligations. › Section 10A-1-7.34 - Right of Foreign Entity to Participate in the Business of Certain Domestic Entities. | Section 10A-1-7.34
Right of foreign entity to participate in the business of certain domestic entities.
A vote cast or consent provided by a foreign entity with respect to its ownership or membership interest in a domestic entity of which the foreign entity is a lawful owner or member, and the foreign entity's particip... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-7/division-d/section-10a-1-7-35/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 7 - Foreign Entities.›Division D - Business, Rights, and Obligations.›Section 10A-1-7.35 - Out of State Business or Property of Foreign Entity Not Su... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 7 - Foreign Entities. › Division D - Business, Rights, and Obligations. › Section 10A-1-7.35 - Out of State Business or Property of Foreign Entity Not Subject to Control or Regulation. | Section 10A-1-7.35
Out of state business or property of foreign entity not subject to control or regulation.
(a) The public interest lying in the promotion of business and industry in this state, it is the intent of the Legislature and declared to be the policy of the State of Alabama by passage of this section to prom... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-7/division-d/section-10a-1-7-36/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 7 - Foreign Entities.›Division D - Business, Rights, and Obligations.›Section 10A-1-7.36 - Right of Eminent Domain. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 7 - Foreign Entities. › Division D - Business, Rights, and Obligations. › Section 10A-1-7.36 - Right of Eminent Domain. | Section 10A-1-7.36
Right of eminent domain.
Foreign entities that have complied with the constitution and laws of this state as to transacting business in this state shall have the same right of eminent domain and the same remedies for enforcing the rights as domestic entities of like kind and character possess.
(Acts ... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-7/division-d/section-10a-1-7-37/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 7 - Foreign Entities.›Division D - Business, Rights, and Obligations.›Section 10A-1-7.37 - Extension of Lines, Tracks, Ways, or Works Into State. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 7 - Foreign Entities. › Division D - Business, Rights, and Obligations. › Section 10A-1-7.37 - Extension of Lines, Tracks, Ways, or Works Into State. | Section 10A-1-7.37
Extension of lines, tracks, ways, or works into state.
Any foreign entity which has complied with the constitution and laws of this state for transacting business in this state and which is engaged in constructing or operating a streetcar, electric light, telegraph, telephone or power lines, pipeline... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-7/division-e/section-10a-1-7-41/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 7 - Foreign Entities.›Division E - Miscellaneous Provisions.›Section 10A-1-7.41 - Applicability of This Title to Certain Foreign Entities. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 7 - Foreign Entities. › Division E - Miscellaneous Provisions. › Section 10A-1-7.41 - Applicability of This Title to Certain Foreign Entities. | Section 10A-1-7.41
Applicability of this title to certain foreign entities.
(a) Except as otherwise provided by a statute described by this subsection, the provisions of this title governing a foreign entity apply to a foreign entity registered or granted authority to transact business in this state under:
(1) a specia... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-8/section-10a-1-8-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 8 - Conversions and Mergers.›Section 10A-1-8.01 - Conversion of Business and Nonprofit Entities. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 8 - Conversions and Mergers. › Section 10A-1-8.01 - Conversion of Business and Nonprofit Entities. | Section 10A-1-8.01
Conversion of business and nonprofit entities.
(a) A conversion of an entity may be accomplished as provided in this section:
(1) CORPORATIONS.
a. The terms and conditions of a plan of conversion of a corporation, other than a nonprofit corporation, must be approved in accordance with the procedures ... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-8/section-10a-1-8-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 8 - Conversions and Mergers.›Section 10A-1-8.02 - Mergers of Entities. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 8 - Conversions and Mergers. › Section 10A-1-8.02 - Mergers of Entities. | Section 10A-1-8.02
Mergers of entities.
(a) A merger of two or more entities, whether the other entity or entities are the same or another form of entity, may be accomplished as provided in this section.
(1) CORPORATIONS.
a. In the case of a corporation, other than a nonprofit corporation, that is a party to a merger, ... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-8/section-10a-1-8-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 8 - Conversions and Mergers.›Section 10A-1-8.03 - Nonexclusive Application of Article. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 8 - Conversions and Mergers. › Section 10A-1-8.03 - Nonexclusive Application of Article. | Section 10A-1-8.03
Nonexclusive application of article.
This article is not exclusive. This article does not preclude any entity from being converted or merged under law other than this chapter.
(Acts 1996, No. 96-528, p. 685, §1; §10-8A-908; amended and renumbered by Act 2009-513, p. 967, §71; Act 2018-125, §3.) |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-8/section-10a-1-8-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 8 - Conversions and Mergers.›Section 10A-1-8.04 - Merger With or Conversion From a Foreign Entity. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 8 - Conversions and Mergers. › Section 10A-1-8.04 - Merger With or Conversion From a Foreign Entity. | Section 10A-1-8.04
Merger with or conversion from a foreign entity.
(a) One or more foreign entities may merge with one or more domestic entities in accordance with Section 10A-1-8.02, and a foreign entity may convert to a domestic entity, or a domestic entity may convert to a foreign entity in accordance with Section ... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-9/division-a/section-10a-1-9-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 9 - Winding Up and Termination of Domestic Entity.›Division A - General Provisions.›Section 10A-1-9.01 - Applicability of This Article to Certain Ent... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 9 - Winding Up and Termination of Domestic Entity. › Division A - General Provisions. › Section 10A-1-9.01 - Applicability of This Article to Certain Entities. | Section 10A-1-9.01
Applicability of this article to certain entities.
This article does not apply to business corporations, limited liability companies, general partnerships, and limited partnerships.
(Act 2018-125, §5; Act 2019-94, §2.) |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-9/division-a/section-10a-1-9-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 9 - Winding Up and Termination of Domestic Entity.›Division A - General Provisions.›Section 10A-1-9.02 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 9 - Winding Up and Termination of Domestic Entity. › Division A - General Provisions. › Section 10A-1-9.02 - Definitions. | Section 10A-1-9.02
Definitions.
In this article, the following terms have the following meanings:
(1) CLAIM. A right to payment, damages, or property, whether liquidated or unliquidated, accrued or contingent, matured or unmatured.
(2) WINDING UP. The process of winding up the business and affairs of a domestic entity ... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-9/division-b/section-10a-1-9-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 9 - Winding Up and Termination of Domestic Entity.›Division B - Winding Up of Domestic Entity.›Section 10A-1-9.11 - Event Requiring Winding Up of Dom... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 9 - Winding Up and Termination of Domestic Entity. › Division B - Winding Up of Domestic Entity. › Section 10A-1-9.11 - Event Requiring Winding Up of Domestic Entity. | Section 10A-1-9.11
Event requiring winding up of domestic entity.
The dissolution of a domestic entity shall be as specified in the chapter of this title applicable to the entity.
(Act 2009-513, p. 967, §75.) |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-9/division-b/section-10a-1-9-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 9 - Winding Up and Termination of Domestic Entity.›Division B - Winding Up of Domestic Entity.›Section 10A-1-9.12 - Winding Up Procedures. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 9 - Winding Up and Termination of Domestic Entity. › Division B - Winding Up of Domestic Entity. › Section 10A-1-9.12 - Winding Up Procedures. | Section 10A-1-9.12
Winding up procedures.
(a) As soon as reasonably practicable after a domestic entity is dissolved, the domestic entity shall:
(1) cease to carry on its business, except to the extent necessary to wind up its business;
(2) collect and sell its property to the extent the property is not to be distribut... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-9/division-c/section-10a-1-9-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 9 - Winding Up and Termination of Domestic Entity.›Division C - Provisions for Known and Unknown Claims.›Section 10A-1-9.21 - Known Claims Against Di... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 9 - Winding Up and Termination of Domestic Entity. › Division C - Provisions for Known and Unknown Claims. › Section 10A-1-9.21 - Known Claims Against Dissolved Domestic Entity. | Section 10A-1-9.21
Known claims against dissolved domestic entity.
(a) A dissolved domestic entity may dispose of the known claims against it by following the procedure described in subsection (b) at any time after the effective date of the dissolution of that dissolved domestic entity.
(b) A dissolved domestic entity ... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-9/division-c/section-10a-1-9-22/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 9 - Winding Up and Termination of Domestic Entity.›Division C - Provisions for Known and Unknown Claims.›Section 10A-1-9.22 - Unknown Claims Against ... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 9 - Winding Up and Termination of Domestic Entity. › Division C - Provisions for Known and Unknown Claims. › Section 10A-1-9.22 - Unknown Claims Against Dissolved Domestic Entity. | Section 10A-1-9.22
Unknown claims against dissolved domestic entity.
(a) A dissolved domestic entity may publish notice of its dissolution and request that persons with claims against the dissolved domestic entity present them in accordance with the notice.
(b) The notice authorized by subsection (a) must:
(1) Be publi... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-9/division-d/section-10a-1-9-31/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 9 - Winding Up and Termination of Domestic Entity.›Division D - Revocation and Reinstatement.›Section 10A-1-9.31 - Revocation of Voluntary Winding Up... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 9 - Winding Up and Termination of Domestic Entity. › Division D - Revocation and Reinstatement. › Section 10A-1-9.31 - Revocation of Voluntary Winding Up. | Section 10A-1-9.31
Revocation of voluntary winding up.
(a) A domestic entity may revoke a voluntary decision to dissolve the entity by approval of the revocation in the manner and within the time specified in the chapter of this title governing the entity. If the chapter of this title does not specify a time within whi... |
https://law.justia.com/codes/alabama/title-10a/chapter-1/article-9/division-d/section-10a-1-9-32/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 1 - General Provisions.›Article 9 - Winding Up and Termination of Domestic Entity.›Division D - Revocation and Reinstatement.›Section 10A-1-9.32 - Reinstatement. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 1 - General Provisions. › Article 9 - Winding Up and Termination of Domestic Entity. › Division D - Revocation and Reinstatement. › Section 10A-1-9.32 - Reinstatement. | Section 10A-1-9.32
Reinstatement.
In addition to the grounds for reinstating a dissolved entity pursuant to the chapter of this title applicable to the entity, if the chapter of this title applicable to the entity does not provide for reinstatement, the entity may be reinstated if the legal existence of the entity is n... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-1/division-a/section-10a-2-1-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 1 - General Provisions.›Division A - Short Title and Applicability.›Section 10A-2-1.01 - Short Title and Applicability. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 1 - General Provisions. › Division A - Short Title and Applicability. › Section 10A-2-1.01 - Short Title and Applicability. | Section 10A-2-1.01
Short title and applicability.
Repealed by Act 2019-94, §3, effective January 1, 2021.
(Acts 1994, No. 94-245, p. 343, §1; §10-2B-1.01; amended and renumbered by Act 2009-513, p. 967, §81.) |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-1/division-b/section-10a-2-1-20/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 1 - General Provisions.›Division B - Filing Instruments.›Section 10A-2-1.20 - Filing Instruments. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 1 - General Provisions. › Division B - Filing Instruments. › Section 10A-2-1.20 - Filing Instruments. | Section 10A-2-1.20
Filing instruments.
Repealed by Act 2019-94, §3, effective January 1, 2021.
(Acts 1994, No. 94-245, p. 343, §1; §10-2B-1.20; amended and renumbered by act 2009-513, p. 967, §83.) |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-1/division-b/section-10a-2-1-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 1 - General Provisions.›Division B - Filing Instruments.›Section 10A-2-1.21 - Filing Fees. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 1 - General Provisions. › Division B - Filing Instruments. › Section 10A-2-1.21 - Filing Fees. | Section 10A-2-1.21
Filing fees.
Repealed by Act 2019-94, §3, effective January 1, 2021.
(Act 2009-513, p. 967, §84.) |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-1/division-c/section-10a-2-1-40/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 1 - General Provisions.›Division C›Section 10A-2-1.40 - Definitions Applicable to Business Corporations. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 1 - General Provisions. › Division C › Section 10A-2-1.40 - Definitions Applicable to Business Corporations. | Section 10A-2-1.40
Definitions applicable to business corporations.
Repealed by Act 2019-94, §3, effective January 1, 2021.
(Acts 1994, No. 94-245, p. 343, §1; Acts 1995, No. 95-255, p. 427, §1; Act 2006-564, p. 1307, §3; §10-2B-1.40; amended and renumbered by Act 2009-513, p. 967, §87.) |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-1/division-c/section-10a-2-1-41/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 1 - General Provisions.›Division C›Section 10A-2-1.41 - Notice. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 1 - General Provisions. › Division C › Section 10A-2-1.41 - Notice. | Section 10A-2-1.41
Notice.
Repealed by Act 2019-94, §3, effective January 1, 2021.
(Acts 1994, No. 94-245, p. 343, §1; §10-2B-1.41; amended and renumbered by Act 2009-513, p. 967, §87.) |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-2/section-10a-2-2-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 2 - Formation and Governing Documents.›Section 10A-2-2.01 - Incorporators. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 2 - Formation and Governing Documents. › Section 10A-2-2.01 - Incorporators. | Section 10A-2-2.01
Incorporators.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
One or more persons may act as the incorporator or incorporators of a corporation by signing and delivering articles of incorporation to the judge of probate of th... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-2/section-10a-2-2-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 2 - Formation and Governing Documents.›Section 10A-2-2.02 - Supplemental Provisions Required or Permitted in Articles of Incorporation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 2 - Formation and Governing Documents. › Section 10A-2-2.02 - Supplemental Provisions Required or Permitted in Articles of Incorporation. | Section 10A-2-2.02
Supplemental provisions required or permitted in articles of incorporation.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) In addition to the information required to be set forth in a certificate of formation by Section 1... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-2/section-10a-2-2-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 2 - Formation and Governing Documents.›Section 10A-2-2.03 - Incorporation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 2 - Formation and Governing Documents. › Section 10A-2-2.03 - Incorporation. | Section 10A-2-2.03
Incorporation.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Upon the effectiveness of the filing of the articles of incorporation as provided in Sections 10A-1-4.11 and 10A-1-4.12, corporate existence begins.
(b) The ju... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-2/section-10a-2-2-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 2 - Formation and Governing Documents.›Section 10A-2-2.04 - Liability for Preincorporation Transactions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 2 - Formation and Governing Documents. › Section 10A-2-2.04 - Liability for Preincorporation Transactions. | Section 10A-2-2.04
Liability for preincorporation transactions.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Any person purporting to act as or on behalf of a corporation, knowing there was no incorporation under this chapter, is liable for a... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-2/section-10a-2-2-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 2 - Formation and Governing Documents.›Section 10A-2-2.05 - Organization of Corporation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 2 - Formation and Governing Documents. › Section 10A-2-2.05 - Organization of Corporation. | Section 10A-2-2.05
Organization of corporation.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) After incorporation the initial directors shall hold an organizational meeting, at the call of a majority of the directors, to complete the organ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-2/section-10a-2-2-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 2 - Formation and Governing Documents.›Section 10A-2-2.06 - Bylaws. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 2 - Formation and Governing Documents. › Section 10A-2-2.06 - Bylaws. | Section 10A-2-2.06
Bylaws.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The board of directors of a corporation shall adopt initial bylaws for the corporation unless the right to adopt the initial bylaws is reserved to the shareholders in... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-2/section-10a-2-2-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 2 - Formation and Governing Documents.›Section 10A-2-2.07 - Emergency Bylaws. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 2 - Formation and Governing Documents. › Section 10A-2-2.07 - Emergency Bylaws. | Section 10A-2-2.07
Emergency bylaws.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Unless the articles of incorporation provide otherwise, the board of directors of a corporation may adopt bylaws to be effective only in an emergency define... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-2/section-10a-2-2-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 2 - Formation and Governing Documents.›Section 10A-2-2.08 - Incorporation by Purchasers of Property or Franchise of Corporation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 2 - Formation and Governing Documents. › Section 10A-2-2.08 - Incorporation by Purchasers of Property or Franchise of Corporation. | Section 10A-2-2.08
Incorporation by purchasers of property or franchise of corporation.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
The purchaser or purchasers at any sale, public or private, of the property or franchises of any corporation,... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-3/section-10a-2-3-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 3 - Purposes and Powers.›Section 10A-2-3.01 - Purpose. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 3 - Purposes and Powers. › Section 10A-2-3.01 - Purpose. | Section 10A-2-3.01
Purpose.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Corporations may be organized under this chapter for any lawful purpose.
(Act 2009-513, p. 967, §91.) |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-3/section-10a-2-3-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 3 - Purposes and Powers.›Section 10A-2-3.02 - General Powers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 3 - Purposes and Powers. › Section 10A-2-3.02 - General Powers. | Section 10A-2-3.02
General powers.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Unless its articles of incorporation provide otherwise, every corporation organized under this chapter has perpetual duration and succession in its corporate name... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-3/section-10a-2-3-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 3 - Purposes and Powers.›Section 10A-2-3.03 - Emergency Powers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 3 - Purposes and Powers. › Section 10A-2-3.03 - Emergency Powers. | Section 10A-2-3.03
Emergency powers.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) In anticipation of or during an emergency defined in subsection (d), the board of directors of a corporation may:
(1) Modify lines of succession to accommod... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-3/section-10a-2-3-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 3 - Purposes and Powers.›Section 10A-2-3.04 - Ultra Vires. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 3 - Purposes and Powers. › Section 10A-2-3.04 - Ultra Vires. | Section 10A-2-3.04
Ultra vires.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Except as provided in subsection (b), the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act.
(b)... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-a/section-10a-2-6-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division A - Shares.›Section 10A-2-6.01 - Authorized Shares. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division A - Shares. › Section 10A-2-6.01 - Authorized Shares. | Section 10A-2-6.01
Authorized shares.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The articles of incorporation must prescribe the classes of shares and the number of shares of each class that the corporation is authorized to issue. If m... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-a/section-10a-2-6-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division A - Shares.›Section 10A-2-6.02 - Terms of Class or Series Determined by Board of Directors. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division A - Shares. › Section 10A-2-6.02 - Terms of Class or Series Determined by Board of Directors. | Section 10A-2-6.02
Terms of class or series determined by board of directors.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) If the articles of incorporation so provide, and if the action is not inconsistent with the provisions of the Const... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-a/section-10a-2-6-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division A - Shares.›Section 10A-2-6.03 - Issued and Outstanding Shares. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division A - Shares. › Section 10A-2-6.03 - Issued and Outstanding Shares. | Section 10A-2-6.03
Issued and outstanding shares.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are ou... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-a/section-10a-2-6-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division A - Shares.›Section 10A-2-6.04 - Fractional Shares. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division A - Shares. › Section 10A-2-6.04 - Fractional Shares. | Section 10A-2-6.04
Fractional shares.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A corporation may:
(1) Issue fractions of a share or pay in money the value of fractions of a share;
(2) Arrange for disposition of fractional shares by th... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-b/section-10a-2-6-20/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division B - Issuance of Shares.›Section 10A-2-6.20 - Subscription for Shares Before Incorporation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division B - Issuance of Shares. › Section 10A-2-6.20 - Subscription for Shares Before Incorporation. | Section 10A-2-6.20
Subscription for shares before incorporation.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A subscription for shares entered into before incorporation is irrevocable for six months unless the subscription agreement prov... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-b/section-10a-2-6-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division B - Issuance of Shares.›Section 10A-2-6.21 - Issuance of Shares. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division B - Issuance of Shares. › Section 10A-2-6.21 - Issuance of Shares. | Section 10A-2-6.21
Issuance of shares.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The powers granted in this section to the board of directors may be reserved to the shareholders by the articles of incorporation.
(b) The board of direct... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-b/section-10a-2-6-22/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division B - Issuance of Shares.›Section 10A-2-6.22 - Liability of Shareholders and Subscribers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division B - Issuance of Shares. › Section 10A-2-6.22 - Liability of Shareholders and Subscribers. | Section 10A-2-6.22
Liability of shareholders and subscribers.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares excep... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-b/section-10a-2-6-23/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division B - Issuance of Shares.›Section 10A-2-6.23 - Share Dividends. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division B - Issuance of Shares. › Section 10A-2-6.23 - Share Dividends. | Section 10A-2-6.23
Share dividends.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Unless the articles of incorporation provide otherwise, shares may be issued pro rata and without consideration to the corporation's shareholders of one or m... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-b/section-10a-2-6-24/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division B - Issuance of Shares.›Section 10A-2-6.24 - Share Options. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division B - Issuance of Shares. › Section 10A-2-6.24 - Share Options. | Section 10A-2-6.24
Share options.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Subject to requirements of the Constitution of Alabama of 1901, as the same may be amended from time to time, a corporation may issue rights, options, or warrants ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-b/section-10a-2-6-25/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division B - Issuance of Shares.›Section 10A-2-6.25 - Corporate Shares as Personal Property; Transferability. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division B - Issuance of Shares. › Section 10A-2-6.25 - Corporate Shares as Personal Property; Transferability. | Section 10A-2-6.25
Corporate shares as personal property; transferability.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Shares or interests in the stock of corporations are personal property, transferable on the books of the corporation in th... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-b/section-10a-2-6-27/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division B - Issuance of Shares.›Section 10A-2-6.27 - Restriction on Transfer of Shares and Other Securities. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division B - Issuance of Shares. › Section 10A-2-6.27 - Restriction on Transfer of Shares and Other Securities. | Section 10A-2-6.27
Restriction on transfer of shares and other securities.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The articles of incorporation, bylaws, an agreement among shareholders, or an agreement between shareholders and the c... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-b/section-10a-2-6-28/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division B - Issuance of Shares.›Section 10A-2-6.28 - Expense of Issue. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division B - Issuance of Shares. › Section 10A-2-6.28 - Expense of Issue. | Section 10A-2-6.28
Expense of issue.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-c/section-10a-2-6-30/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division C - Subsequent Acquisition of Shares by Shareholders and Corporation.›Section 10A-2-6.30 - Shareholders' Pr... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division C - Subsequent Acquisition of Shares by Shareholders and Corporation. › Section 10A-2-6.30 - Shareholders' Preemptive Rights. | Section 10A-2-6.30
Shareholders' preemptive rights.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The shareholders of a corporation have a preemptive right to acquire the corporation's unissued shares except to the extent the articles of i... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-c/section-10a-2-6-31/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division C - Subsequent Acquisition of Shares by Shareholders and Corporation.›Section 10A-2-6.31 - Corporation's Ac... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division C - Subsequent Acquisition of Shares by Shareholders and Corporation. › Section 10A-2-6.31 - Corporation's Acquisition of Its Own Shares. | Section 10A-2-6.31
Corporation's acquisition of its own shares.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Except as otherwise provided in its articles of incorporation, a corporation may acquire its own shares. Unless the articles of i... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-c/section-10a-2-6-32/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division C - Subsequent Acquisition of Shares by Shareholders and Corporation.›Section 10A-2-6.32 - Cancellation of ... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division C - Subsequent Acquisition of Shares by Shareholders and Corporation. › Section 10A-2-6.32 - Cancellation of Reacquired Shares. | Section 10A-2-6.32
Cancellation of reacquired shares.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A corporation may at any time, by resolution of its board of directors, and without shareholder action:
(1) Cancel all or any part of the s... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-6/division-d/section-10a-2-6-40/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 6 - Shares and Distributions.›Division D - Distributions.›Section 10A-2-6.40 - Distributions to Shareholders. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 6 - Shares and Distributions. › Division D - Distributions. › Section 10A-2-6.40 - Distributions to Shareholders. | Section 10A-2-6.40
Distributions to shareholders.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A board of directors may authorize and the corporation may make distributions subject to restriction by the articles of incorporation and the l... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-a/section-10a-2-7-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division A - Meetings.›Section 10A-2-7.01 - Annual Meeting. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division A - Meetings. › Section 10A-2-7.01 - Annual Meeting. | Section 10A-2-7.01
Annual meeting.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A corporation shall hold a meeting of shareholders annually at a time stated or fixed in accordance with the bylaws.
(b) Annual shareholders' meetings may be ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-a/section-10a-2-7-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division A - Meetings.›Section 10A-2-7.02 - Special Meeting. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division A - Meetings. › Section 10A-2-7.02 - Special Meeting. | Section 10A-2-7.02
Special meeting.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A corporation shall hold a special meeting of shareholders:
(1) On call of its board of directors or the person or persons authorized to do so by the article... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-a/section-10a-2-7-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division A - Meetings.›Section 10A-2-7.03 - Court-Ordered Meeting. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division A - Meetings. › Section 10A-2-7.03 - Court-Ordered Meeting. | Section 10A-2-7.03
Court-ordered meeting.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The circuit court of the county where a corporation's principal office, or, if none in this state, its registered office, is located may summarily orde... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-a/section-10a-2-7-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division A - Meetings.›Section 10A-2-7.04 - Action Without Meeting. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division A - Meetings. › Section 10A-2-7.04 - Action Without Meeting. | Section 10A-2-7.04
Action without meeting.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Except as provided in the articles of incorporation, action required or permitted by the Constitution of Alabama of 1901 or by this chapter to be take... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-a/section-10a-2-7-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division A - Meetings.›Section 10A-2-7.05 - Notice of Meeting. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division A - Meetings. › Section 10A-2-7.05 - Notice of Meeting. | Section 10A-2-7.05
Notice of meeting.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A corporation, or, in the case of a special meeting called pursuant to Section 10A-2-7.02(a)(3), the persons calling the meeting, shall notify shareholders... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-a/section-10a-2-7-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division A - Meetings.›Section 10A-2-7.06 - Waiver of Notice. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division A - Meetings. › Section 10A-2-7.06 - Waiver of Notice. | Section 10A-2-7.06
Waiver of notice.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A shareholder may waive any notice required by the Constitution of Alabama of 1901, this title or this chapter, the articles of incorporation, or bylaws bef... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-a/section-10a-2-7-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division A - Meetings.›Section 10A-2-7.07 - Record Date. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division A - Meetings. › Section 10A-2-7.07 - Record Date. | Section 10A-2-7.07
Record date.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The bylaws may fix or provide the manner of fixing the record date for one or more voting groups in order to determine the shareholders entitled to notice of a s... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-b/section-10a-2-7-20/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division B - Voting.›Section 10A-2-7.20 - Shareholders' List for Meeting. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division B - Voting. › Section 10A-2-7.20 - Shareholders' List for Meeting. | Section 10A-2-7.20
Shareholders' list for meeting.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) After fixing a record date for a meeting, a corporation shall prepare an alphabetical list of the names of all its shareholders who are entitl... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-b/section-10a-2-7-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division B - Voting.›Section 10A-2-7.21 - Voting Entitlement of Shares. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division B - Voting. › Section 10A-2-7.21 - Voting Entitlement of Shares. | Section 10A-2-7.21
Voting entitlement of shares.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Except as provided in subsections (b) and (c) or unless the articles of incorporation provide otherwise, each outstanding share, regardless of c... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-b/section-10a-2-7-22/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division B - Voting.›Section 10A-2-7.22 - Proxies. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division B - Voting. › Section 10A-2-7.22 - Proxies. | Section 10A-2-7.22
Proxies.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A shareholder may vote his or her shares in person or by proxy. An electronic transmission must contain or be accompanied by information from which one can reasonabl... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-b/section-10a-2-7-23/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division B - Voting.›Section 10A-2-7.23 - Shares Held by Nominees. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division B - Voting. › Section 10A-2-7.23 - Shares Held by Nominees. | Section 10A-2-7.23
Shares held by nominees.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A corporation may establish a procedure by which the beneficial owner of shares that are registered in the name of a nominee is recognized by the cor... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-b/section-10a-2-7-24/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division B - Voting.›Section 10A-2-7.24 - Corporation's Acceptance of Votes. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division B - Voting. › Section 10A-2-7.24 - Corporation's Acceptance of Votes. | Section 10A-2-7.24
Corporation's acceptance of votes.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) If the name signed on, or otherwise submitted by means of an electronic transmission with respect to, a vote, consent, waiver, or proxy app... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-b/section-10a-2-7-25/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division B - Voting.›Section 10A-2-7.25 - Quorum and Voting Requirements for Voting Groups. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division B - Voting. › Section 10A-2-7.25 - Quorum and Voting Requirements for Voting Groups. | Section 10A-2-7.25
Quorum and voting requirements for voting groups.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Shares entitled to vote as a separate voting group may take action on a matter at a meeting only if a quorum of those shares... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-b/section-10a-2-7-26/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division B - Voting.›Section 10A-2-7.26 - Action by Single and Multiple Voting Groups. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division B - Voting. › Section 10A-2-7.26 - Action by Single and Multiple Voting Groups. | Section 10A-2-7.26
Action by single and multiple voting groups.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) If the articles of incorporation or this chapter provide for voting by a single voting group on a matter, action on that matter i... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-b/section-10a-2-7-27/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division B - Voting.›Section 10A-2-7.27 - Greater Quorum or Voting Requirements. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division B - Voting. › Section 10A-2-7.27 - Greater Quorum or Voting Requirements. | Section 10A-2-7.27
Greater quorum or voting requirements.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The articles of incorporation may provide for a greater quorum or voting requirement for shareholders, or voting groups of shareholders... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-b/section-10a-2-7-28/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division B - Voting.›Section 10A-2-7.28 - Voting for Directors; Cumulative Voting. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division B - Voting. › Section 10A-2-7.28 - Voting for Directors; Cumulative Voting. | Section 10A-2-7.28
Voting for directors; cumulative voting.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Unless otherwise provided in the articles of incorporation, directors are elected by a majority of the votes cast by the shares entit... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-c/section-10a-2-7-30/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division C - Voting Trusts and Agreements.›Section 10A-2-7.30 - Voting Trust. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division C - Voting Trusts and Agreements. › Section 10A-2-7.30 - Voting Trust. | Section 10A-2-7.30
Voting trust.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) One or more shareholders may create a voting trust, conferring on a trustee the right to vote or otherwise act for them, by signing an agreement setting out the... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-c/section-10a-2-7-31/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division C - Voting Trusts and Agreements.›Section 10A-2-7.31 - Voting Agreements. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division C - Voting Trusts and Agreements. › Section 10A-2-7.31 - Voting Agreements. | Section 10A-2-7.31
Voting agreements.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Two or more shareholders may provide for the manner in which they will vote their shares by signing an agreement for that purpose. A voting agreement creat... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-c/section-10a-2-7-32/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division C - Voting Trusts and Agreements.›Section 10A-2-7.32 - Shareholder Agreements. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division C - Voting Trusts and Agreements. › Section 10A-2-7.32 - Shareholder Agreements. | Section 10A-2-7.32
Shareholder agreements.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) An agreement among the shareholders of a corporation that complies with this section is effective among the shareholders and the corporation even thou... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-d/section-10a-2-7-33/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division D - Infant Stockholders.›Section 10A-2-7.33 - Corporation Without Notice of Infancy May Treat Infant as Having Capacity... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division D - Infant Stockholders. › Section 10A-2-7.33 - Corporation Without Notice of Infancy May Treat Infant as Having Capacity to Vote, Transfer, Etc. | Section 10A-2-7.33
Corporation without notice of infancy may treat infant as having capacity to vote, transfer, etc.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
A corporation may treat an infant who holds stock or other securities of the cor... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-d/section-10a-2-7-34/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division D - Infant Stockholders.›Section 10A-2-7.34 - Infant Not Entitled to Disaffirm as Against Corporation Without Notice of... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division D - Infant Stockholders. › Section 10A-2-7.34 - Infant Not Entitled to Disaffirm as Against Corporation Without Notice of Infancy. | Section 10A-2-7.34
Infant not entitled to disaffirm as against corporation without notice of infancy.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
An infant holder of stock or other securities of a corporation, having voted or given consent i... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-d/section-10a-2-7-35/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division D - Infant Stockholders.›Section 10A-2-7.35 - Right of Infant to Receive Dividends in Own Name. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division D - Infant Stockholders. › Section 10A-2-7.35 - Right of Infant to Receive Dividends in Own Name. | Section 10A-2-7.35
Right of infant to receive dividends in own name.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
An infant may in his or her own right receive dividends in respect of the stock or securities standing in his or her name on the... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-7/division-d/section-10a-2-7-36/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 7 - Shareholders.›Division D - Infant Stockholders.›Section 10A-2-7.36 - Effect of Chapter on Transfers to Minors Act, Etc. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 7 - Shareholders. › Division D - Infant Stockholders. › Section 10A-2-7.36 - Effect of Chapter on Transfers to Minors Act, Etc. | Section 10A-2-7.36
Effect of chapter on Transfers to Minors Act, etc.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Nothing contained in this chapter shall be construed to in anywise affect the provisions of the "Alabama Uniform Transfers to M... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-a/section-10a-2-8-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division A - Board of Directors.›Section 10A-2-8.01 - Requirements for and Duties of Board of Directors. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division A - Board of Directors. › Section 10A-2-8.01 - Requirements for and Duties of Board of Directors. | Section 10A-2-8.01
Requirements for and duties of board of directors.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Each corporation must have a board of directors.
(b) All corporate powers shall be exercised by or under the authority of, ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-a/section-10a-2-8-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division A - Board of Directors.›Section 10A-2-8.02 - Qualifications of Directors. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division A - Board of Directors. › Section 10A-2-8.02 - Qualifications of Directors. | Section 10A-2-8.02
Qualifications of directors.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
The articles of incorporation or bylaws may prescribe qualifications for directors. A director shall be a natural person of the age of at least ninet... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-a/section-10a-2-8-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division A - Board of Directors.›Section 10A-2-8.03 - Number and Election of Directors. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division A - Board of Directors. › Section 10A-2-8.03 - Number and Election of Directors. | Section 10A-2-8.03
Number and election of directors.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The number of directors shall be one or more, as specified in or fixed in accordance with the articles of incorporation or bylaws.
(b) If a ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-a/section-10a-2-8-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division A - Board of Directors.›Section 10A-2-8.04 - Election of Directors by Certain Classes of Shareholders. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division A - Board of Directors. › Section 10A-2-8.04 - Election of Directors by Certain Classes of Shareholders. | Section 10A-2-8.04
Election of directors by certain classes of shareholders.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
If the articles of incorporation authorize dividing the shares into classes, the articles may also authorize the electio... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-a/section-10a-2-8-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division A - Board of Directors.›Section 10A-2-8.05 - Terms of Directors Generally. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division A - Board of Directors. › Section 10A-2-8.05 - Terms of Directors Generally. | Section 10A-2-8.05
Terms of directors generally.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The terms of the initial directors of a corporation expire at the first shareholders' meeting at which directors are elected.
(b) The terms of a... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-a/section-10a-2-8-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division A - Board of Directors.›Section 10A-2-8.06 - Staggered Terms for Directors. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division A - Board of Directors. › Section 10A-2-8.06 - Staggered Terms for Directors. | Section 10A-2-8.06
Staggered terms for directors.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
If there are nine or more directors, the articles of incorporation may provide for staggering their terms by dividing the total number of directors... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-a/section-10a-2-8-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division A - Board of Directors.›Section 10A-2-8.07 - Resignation of Directors. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division A - Board of Directors. › Section 10A-2-8.07 - Resignation of Directors. | Section 10A-2-8.07
Resignation of directors.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A director may resign at any time by delivering written notice to the board of directors, its chair, or to the corporation.
(b) A resignation is eff... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-a/section-10a-2-8-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division A - Board of Directors.›Section 10A-2-8.08 - Removal of Directors by Shareholders. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division A - Board of Directors. › Section 10A-2-8.08 - Removal of Directors by Shareholders. | Section 10A-2-8.08
Removal of directors by shareholders.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The shareholders may remove one or more directors with or without cause unless the articles of incorporation provide that directors may ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-a/section-10a-2-8-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division A - Board of Directors.›Section 10A-2-8.09 - Removal of Directors by Judicial Proceeding. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division A - Board of Directors. › Section 10A-2-8.09 - Removal of Directors by Judicial Proceeding. | Section 10A-2-8.09
Removal of directors by judicial proceeding.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The circuit court of the county where a corporation's principal office, or, if none in this state, its registered office, is loca... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-a/section-10a-2-8-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division A - Board of Directors.›Section 10A-2-8.10 - Vacancy on Board. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division A - Board of Directors. › Section 10A-2-8.10 - Vacancy on Board. | Section 10A-2-8.10
Vacancy on board.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Unless the articles of incorporation provide otherwise, if a vacancy occurs on a board of directors:
(1) The shareholders may fill the vacancy, whether resu... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-a/section-10a-2-8-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division A - Board of Directors.›Section 10A-2-8.11 - Compensation of Directors, | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division A - Board of Directors. › Section 10A-2-8.11 - Compensation of Directors, | Section 10A-2-8.11
Compensation of directors,
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Unless the articles of incorporation or bylaws provide otherwise, the board of directors may fix the compensation of directors.
(Acts 1994, No. 94-245,... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-b/section-10a-2-8-20/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division B - Meetings and Actions of the Board.›Section 10A-2-8.20 - Meetings. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division B - Meetings and Actions of the Board. › Section 10A-2-8.20 - Meetings. | Section 10A-2-8.20
Meetings.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The board of directors may hold regular or special meetings in or out of this state.
(b) Unless the articles of incorporation or bylaws provide otherwise, the board... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-b/section-10a-2-8-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division B - Meetings and Actions of the Board.›Section 10A-2-8.21 - Action Without Meeting. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division B - Meetings and Actions of the Board. › Section 10A-2-8.21 - Action Without Meeting. | Section 10A-2-8.21
Action without meeting.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this chapter to be taken at a board of directors' me... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-b/section-10a-2-8-22/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division B - Meetings and Actions of the Board.›Section 10A-2-8.22 - Notice of Meeting. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division B - Meetings and Actions of the Board. › Section 10A-2-8.22 - Notice of Meeting. | Section 10A-2-8.22
Notice of meeting.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Regular meetings of the board of directors may be held with or without notice as prescribed in the bylaws.
(b) Unless the articles of incorporation or byla... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-b/section-10a-2-8-23/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division B - Meetings and Actions of the Board.›Section 10A-2-8.23 - Waiver of Notice. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division B - Meetings and Actions of the Board. › Section 10A-2-8.23 - Waiver of Notice. | Section 10A-2-8.23
Waiver of notice.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A director may waive any notice required by this chapter, the articles of incorporation, or bylaws before or after the date and time stated in the notice. E... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-b/section-10a-2-8-24/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division B - Meetings and Actions of the Board.›Section 10A-2-8.24 - Quorum and Voting. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division B - Meetings and Actions of the Board. › Section 10A-2-8.24 - Quorum and Voting. | Section 10A-2-8.24
Quorum and voting.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Unless the articles of incorporation or bylaws require a greater number, a quorum of a board of directors consists of:
(1) A majority of the fixed number o... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-b/section-10a-2-8-25/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division B - Meetings and Actions of the Board.›Section 10A-2-8.25 - Committees. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division B - Meetings and Actions of the Board. › Section 10A-2-8.25 - Committees. | Section 10A-2-8.25
Committees.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Unless the articles of incorporation or bylaws provide otherwise, a board of directors may create one or more committees and appoint members of the board of direc... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-c/section-10a-2-8-30/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division C - Standards of Conduct.›Section 10A-2-8.30 - General Standards for Directors. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division C - Standards of Conduct. › Section 10A-2-8.30 - General Standards for Directors. | Section 10A-2-8.30
General standards for directors.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A director shall discharge his or her duties as a director, including duties as a member of a committee:
(1) In good faith;
(2) With the care... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-c/section-10a-2-8-31/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division C - Standards of Conduct.›Section 10A-2-8.31 - Fiduciary Obligations Not Impaired. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division C - Standards of Conduct. › Section 10A-2-8.31 - Fiduciary Obligations Not Impaired. | Section 10A-2-8.31
Fiduciary obligations not impaired.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Neither an unqualified statement of rights or powers, nor an unqualified grant of authority in this chapter, shall be taken or construed to ab... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-c/section-10a-2-8-32/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division C - Standards of Conduct.›Section 10A-2-8.32 - Depreciating Stocks or Bonds of Corporation With Intent to Buy... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division C - Standards of Conduct. › Section 10A-2-8.32 - Depreciating Stocks or Bonds of Corporation With Intent to Buy. | Section 10A-2-8.32
Depreciating stocks or bonds of corporation with intent to buy.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
No president, director, or managing officer of any corporation, by whatsoever name or title he or she may be known... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-c/section-10a-2-8-33/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division C - Standards of Conduct.›Section 10A-2-8.33 - Liability for Unlawful Distributions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division C - Standards of Conduct. › Section 10A-2-8.33 - Liability for Unlawful Distributions. | Section 10A-2-8.33
Liability for unlawful distributions.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Unless he or she complies with the applicable standards of conduct described in Section 10A-2-8.30, a director who votes for or assents ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-d/section-10a-2-8-40/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division D - Officers.›Section 10A-2-8.40 - Required Officers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division D - Officers. › Section 10A-2-8.40 - Required Officers. | Section 10A-2-8.40
Required officers.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A corporation has the officers described in its bylaws or appointed by the board of directors in accordance with the bylaws.
(b) A duly appointed officer m... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-d/section-10a-2-8-41/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division D - Officers.›Section 10A-2-8.41 - Duties of Officers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division D - Officers. › Section 10A-2-8.41 - Duties of Officers. | Section 10A-2-8.41
Duties of officers.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Each officer has the authority and shall perform the duties set forth in the bylaws or, to the extent consistent with the bylaws, the duties prescribed by the... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-d/section-10a-2-8-42/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division D - Officers.›Section 10A-2-8.42 - Standards of Conduct for Officers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division D - Officers. › Section 10A-2-8.42 - Standards of Conduct for Officers. | Section 10A-2-8.42
Standards of conduct for officers.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) An officer with discretionary authority shall discharge his or her duties under that authority:
(1) In good faith;
(2) With the care an ord... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-d/section-10a-2-8-43/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2 - Business Corporations.›Article 8 - Directors and Officers.›Division D - Officers.›Section 10A-2-8.43 - Resignation and Removal of Officers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division D - Officers. › Section 10A-2-8.43 - Resignation and Removal of Officers. | Section 10A-2-8.43
Resignation and removal of officers.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) An officer may resign at any time by giving notice to the corporation. A resignation is effective when the notice is given unless the not... |
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