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https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-d/section-10a-2-8-44/ | 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-2-8.44 - Contract Rights 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-2-8.44 - Contract Rights of Officers. | Section 10A-2-8.44
Contract rights 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REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020.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) The appointment of an officer does not itself create contract rights.
(b) An officer's removal does not affect the officer's contract rights, if ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-e/section-10a-2-8-50/ | 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 E - Indemnification.›Section 10A-2-8.50 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division E - Indemnification. › Section 10A-2-8.50 - Definitions. | Section 10A-2-8.50
Definitions.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
In this division:
(1) "Corporation" includes any domestic or foreign predecessor entity of a corporation in a merger or other transaction in which the predecessor's ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-e/section-10a-2-8-51/ | 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 E - Indemnification.›Section 10A-2-8.51 - Authority to Indemnify. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division E - Indemnification. › Section 10A-2-8.51 - Authority to Indemnify. | Section 10A-2-8.51
Authority to indemnify.
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 (d), a corporation may indemnify an individual made a party to a proceeding because he or she is or was a director ag... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-e/section-10a-2-8-52/ | 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 E - Indemnification.›Section 10A-2-8.52 - Mandatory Indemnification. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division E - Indemnification. › Section 10A-2-8.52 - Mandatory Indemnification. | Section 10A-2-8.52
Mandatory indemnification.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
A corporation shall indemnify a director who was successful, on the merits or otherwise, in the defense of any proceeding, or of any claim, issue or ma... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-e/section-10a-2-8-53/ | 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 E - Indemnification.›Section 10A-2-8.53 - Advance for Expenses. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division E - Indemnification. › Section 10A-2-8.53 - Advance for Expenses. | Section 10A-2-8.53
Advance for expenses.
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 pay for or reimburse the reasonable expenses incurred by a director who is a party to a proceeding in advance of final disposition of ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-e/section-10a-2-8-54/ | 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 E - Indemnification.›Section 10A-2-8.54 - Court-Ordered Indemnification. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division E - Indemnification. › Section 10A-2-8.54 - Court-Ordered Indemnification. | Section 10A-2-8.54
Court-ordered indemnification.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
A director of the corporation who is a party to a proceeding may apply for indemnification to the court conducting the proceeding, or may file an a... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-e/section-10a-2-8-55/ | 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 E - Indemnification.›Section 10A-2-8.55 - Determination and Authorization of Indemnification. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division E - Indemnification. › Section 10A-2-8.55 - Determination and Authorization of Indemnification. | Section 10A-2-8.55
Determination and authorization of indemnification.
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 not indemnify a director under Section 10A-2-8.51 unless authorized in the specific case after a determi... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-e/section-10a-2-8-56/ | 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 E - Indemnification.›Section 10A-2-8.56 - Indemnification of Officers, Employees, and Agents. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division E - Indemnification. › Section 10A-2-8.56 - Indemnification of Officers, Employees, and Agents. | Section 10A-2-8.56
Indemnification of officers, employees, and agents.
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 of a corporation who is not a director is entitled to mandatory indemnification under Section 10A-2-8.52, and i... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-e/section-10a-2-8-57/ | 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 E - Indemnification.›Section 10A-2-8.57 - Insurance. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division E - Indemnification. › Section 10A-2-8.57 - Insurance. | Section 10A-2-8.57
Insurance.
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 purchase and maintain insurance, or furnish similar protection, including but not limited to trust funds, self-insurance reserves, or the like, on be... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-e/section-10a-2-8-58/ | 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 E - Indemnification.›Section 10A-2-8.58 - Application of Indemnification Provisions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division E - Indemnification. › Section 10A-2-8.58 - Application of Indemnification Provisions. | Section 10A-2-8.58
Application of indemnification provisions.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Any indemnification, or advance for expenses, authorized under this division shall not be deemed exclusive of and shall be in addit... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-f/section-10a-2-8-60/ | 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 F - Directors' Conflicting Interest Transactions.›Section 10A-2-8.60 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division F - Directors' Conflicting Interest Transactions. › Section 10A-2-8.60 - Definitions. | Section 10A-2-8.60
Definitions.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
In this division:
(1) "Conflicting interest" with respect to a corporation means the interest a director of the corporation has respecting a transaction effected or ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-f/section-10a-2-8-61/ | 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 F - Directors' Conflicting Interest Transactions.›Section 10A-2-8.61 - Judicial Action. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division F - Directors' Conflicting Interest Transactions. › Section 10A-2-8.61 - Judicial Action. | Section 10A-2-8.61
Judicial action.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A transaction effected or proposed to be effected by a corporation, or by a subsidiary of the corporation or any other entity in which the corporation has a ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-f/section-10a-2-8-62/ | 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 F - Directors' Conflicting Interest Transactions.›Section 10A-2-8.62 - Directors' Action. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division F - Directors' Conflicting Interest Transactions. › Section 10A-2-8.62 - Directors' Action. | Section 10A-2-8.62
Directors' action.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Directors' action respecting a transaction is effective for purposes of Section 10A-2-8.61(b)(1) if the transaction received the affirmative vote of a majo... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-8/division-f/section-10a-2-8-63/ | 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 F - Directors' Conflicting Interest Transactions.›Section 10A-2-8.63 - Shareholders' Action. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 8 - Directors and Officers. › Division F - Directors' Conflicting Interest Transactions. › Section 10A-2-8.63 - Shareholders' Action. | Section 10A-2-8.63
Shareholders' action.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Shareholders' action respecting a transaction is effective for purposes of Section 10A-2-8.61(b)(2) if a majority of the votes entitled to be cast by th... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-a/section-10a-2-10-01/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division A - Amendment of Articles of Incorporation.›Section 10A-2-10.01 - Authority to Am... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division A - Amendment of Articles of Incorporation. › Section 10A-2-10.01 - Authority to Amend Articles of Incorporation. | Section 10A-2-10.01
Authority to amend 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) A corporation may amend its articles of incorporation at any time to add or change a provision that is required or permitted in... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-a/section-10a-2-10-02/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division A - Amendment of Articles of Incorporation.›Section 10A-2-10.02 - Amendment by Bo... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division A - Amendment of Articles of Incorporation. › Section 10A-2-10.02 - Amendment by Board of Directors. | Section 10A-2-10.02
Amendment 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.
Unless the articles of incorporation provide otherwise, a corporation's board of directors may adopt one or more amendments to the corporation's... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-a/section-10a-2-10-03/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division A - Amendment of Articles of Incorporation.›Section 10A-2-10.03 - Amendment by Bo... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division A - Amendment of Articles of Incorporation. › Section 10A-2-10.03 - Amendment by Board of Directors and Shareholders. | Section 10A-2-10.03
Amendment by board of directors and 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 corporation's board of directors may propose one or more amendments to the articles of incorporation for submission to th... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-a/section-10a-2-10-04/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division A - Amendment of Articles of Incorporation.›Section 10A-2-10.04 - Voting on Amend... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division A - Amendment of Articles of Incorporation. › Section 10A-2-10.04 - Voting on Amendments by Voting Groups. | Section 10A-2-10.04
Voting on amendments by 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) The holders of the outstanding shares of a class are entitled to vote as a separate voting group, if shareholder voting is otherwise r... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-a/section-10a-2-10-05/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division A - Amendment of Articles of Incorporation.›Section 10A-2-10.05 - Amendment Befor... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division A - Amendment of Articles of Incorporation. › Section 10A-2-10.05 - Amendment Before Issuance of Shares. | Section 10A-2-10.05
Amendment before 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.
If a corporation has not yet issued shares, its board of directors may adopt one or more amendments to the corporation's articles of incorpo... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-a/section-10a-2-10-06/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division A - Amendment of Articles of Incorporation.›Section 10A-2-10.06 - Articles of Ame... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division A - Amendment of Articles of Incorporation. › Section 10A-2-10.06 - Articles of Amendment. | Section 10A-2-10.06
Articles of amendment.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
A corporation amending its articles of incorporation shall deliver to the judge of probate for filing articles of amendment setting forth:
(1) The name of... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-a/section-10a-2-10-07/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division A - Amendment of Articles of Incorporation.›Section 10A-2-10.07 - Restated Articl... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division A - Amendment of Articles of Incorporation. › Section 10A-2-10.07 - Restated Articles of Incorporation. | Section 10A-2-10.07
Restated 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) A corporation's board of directors may restate its articles of incorporation at any time with or without shareholder action.
(b) The rest... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-a/section-10a-2-10-08/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division A - Amendment of Articles of Incorporation.›Section 10A-2-10.08 - Amendment Pursu... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division A - Amendment of Articles of Incorporation. › Section 10A-2-10.08 - Amendment Pursuant to Reorganization. | Section 10A-2-10.08
Amendment pursuant to reorganization.
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's articles of incorporation may be amended without action by the board of directors or shareholders to carry out a plan o... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-a/section-10a-2-10-09/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division A - Amendment of Articles of Incorporation.›Section 10A-2-10.09 - Effect of Amend... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division A - Amendment of Articles of Incorporation. › Section 10A-2-10.09 - Effect of Amendment. | Section 10A-2-10.09
Effect of amendment.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
An amendment to articles of incorporation does not affect a cause of action existing against or in favor of the corporation, a proceeding to which the corpo... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-b/section-10a-2-10-20/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division B - Amendment of Bylaws.›Section 10A-2-10.20 - Amendment by Board of Directors or... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division B - Amendment of Bylaws. › Section 10A-2-10.20 - Amendment by Board of Directors or Shareholders. | Section 10A-2-10.20
Amendment by board of directors or 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 corporation's board of directors may amend or repeal the corporation's bylaws unless:
(1) The articles of incorporation or... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-b/section-10a-2-10-21/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division B - Amendment of Bylaws.›Section 10A-2-10.21 - Bylaw Increasing Quorum or Voting ... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division B - Amendment of Bylaws. › Section 10A-2-10.21 - Bylaw Increasing Quorum or Voting Requirement for Shareholders. | Section 10A-2-10.21
Bylaw increasing quorum or voting requirement for shareholders.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) If authorized by the articles of incorporation, the shareholders may adopt or amend a bylaw that fixes a grea... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-10/division-b/section-10a-2-10-22/ | 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 10 - Amendment of Articles of Incorporation and Bylaws.›Division B - Amendment of Bylaws.›Section 10A-2-10.22 - Bylaw Increasing Quorum or Voting ... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 10 - Amendment of Articles of Incorporation and Bylaws. › Division B - Amendment of Bylaws. › Section 10A-2-10.22 - Bylaw Increasing Quorum or Voting Requirement for Directors. | Section 10A-2-10.22
Bylaw increasing quorum or voting requirement 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 bylaw that fixes a greater quorum or voting requirement for the board of directors may be amended or repealed:... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-11/section-10a-2-11-01/ | 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 11 - Merger and Share Exchange.›Section 10A-2-11.01 - Merger. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 11 - Merger and Share Exchange. › Section 10A-2-11.01 - Merger. | Section 10A-2-11.01
Merger.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Subject to the limitations of the Constitution of Alabama of 1901 as the same may be amended from time to time, one or more corporations may merge into another corpo... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-11/section-10a-2-11-02/ | 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 11 - Merger and Share Exchange.›Section 10A-2-11.02 - Share Exchange. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 11 - Merger and Share Exchange. › Section 10A-2-11.02 - Share Exchange. | Section 10A-2-11.02
Share exchange.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Subject to the limitations of the Constitution of Alabama of 1901, as it may be amended from time to time, a corporation may acquire all of the outstanding s... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-11/section-10a-2-11-03/ | 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 11 - Merger and Share Exchange.›Section 10A-2-11.03 - Action on Plan. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 11 - Merger and Share Exchange. › Section 10A-2-11.03 - Action on Plan. | Section 10A-2-11.03
Action on plan.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) After adopting a plan of merger or share exchange, the board of directors of each corporation party to the merger, and the board of directors of the corporat... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-11/section-10a-2-11-04/ | 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 11 - Merger and Share Exchange.›Section 10A-2-11.04 - Merger of Subsidiary. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 11 - Merger and Share Exchange. › Section 10A-2-11.04 - Merger of Subsidiary. | Section 10A-2-11.04
Merger of subsidiary.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Subject to the limitations of the Constitution of Alabama of 1901, as the same may be amended from time to time, a parent corporation owning at least 8... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-11/section-10a-2-11-05/ | 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 11 - Merger and Share Exchange.›Section 10A-2-11.05 - Articles of Merger or Share Exchange. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 11 - Merger and Share Exchange. › Section 10A-2-11.05 - Articles of Merger or Share Exchange. | Section 10A-2-11.05
Articles of merger or share exchange.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) After a plan of merger or share exchange is approved by the shareholders, or adopted by the board of directors if shareholder approval ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-11/section-10a-2-11-06/ | 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 11 - Merger and Share Exchange.›Section 10A-2-11.06 - Effect of Merger or Share Exchange. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 11 - Merger and Share Exchange. › Section 10A-2-11.06 - Effect of Merger or Share Exchange. | Section 10A-2-11.06
Effect of merger or share exchange.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) When a merger takes effect:
(1) Every other corporation party to the merger merges into the surviving corporation and the separate existe... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-11/section-10a-2-11-07/ | 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 11 - Merger and Share Exchange.›Section 10A-2-11.07 - Merger or Share Exchange With Foreign Corporation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 11 - Merger and Share Exchange. › Section 10A-2-11.07 - Merger or Share Exchange With Foreign Corporation. | Section 10A-2-11.07
Merger or share exchange with foreign corporation.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Subject to the limitations of the Constitution of Alabama of 1901, as the same may be amended from time to time, one or mo... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-11/section-10a-2-11-08/ | 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 11 - Merger and Share Exchange.›Section 10A-2-11.08 - Nonexclusive. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 11 - Merger and Share Exchange. › Section 10A-2-11.08 - Nonexclusive. | Section 10A-2-11.08
Nonexclusive.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
This article is not exclusive. Corporations may merge or exchange their shares in any other manner provided by law.
(Act 2009-513, p. 967, §135.) |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-12/section-10a-2-12-01/ | 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 12 - Sale or Mortgage of Assets.›Section 10A-2-12.01 - Sale of Assets in Regular Course of Business and Mortgage of Assets. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 12 - Sale or Mortgage of Assets. › Section 10A-2-12.01 - Sale of Assets in Regular Course of Business and Mortgage of Assets. | Section 10A-2-12.01
Sale of assets in regular course of business and mortgage of assets.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Subject to the limitations of the Constitution of Alabama of 1901, as the same may be amended from time ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-12/section-10a-2-12-02/ | 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 12 - Sale or Mortgage of Assets.›Section 10A-2-12.02 - Sale of Assets Other Than in Regular Course of Business. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 12 - Sale or Mortgage of Assets. › Section 10A-2-12.02 - Sale of Assets Other Than in Regular Course of Business. | Section 10A-2-12.02
Sale of assets other than in regular course of business.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Subject to the limitations of the Constitution of Alabama of 1901, as the same may be amended from time to time, a c... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-a/section-10a-2-13-01/ | 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 13 - Dissenters' Rights.›Division A - Right to Dissent and Obtain Payment for Shares.›Section 10A-2-13.01 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division A - Right to Dissent and Obtain Payment for Shares. › Section 10A-2-13.01 - Definitions. | Section 10A-2-13.01
Definitions.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(1) "Corporate action" means the filing of articles of merger or share exchange by the judge of probate or Secretary of State, or other action giving legal effect t... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-a/section-10a-2-13-02/ | 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 13 - Dissenters' Rights.›Division A - Right to Dissent and Obtain Payment for Shares.›Section 10A-2-13.02 - Right to Dissent. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division A - Right to Dissent and Obtain Payment for Shares. › Section 10A-2-13.02 - Right to Dissent. | Section 10A-2-13.02
Right to dissent.
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 is entitled to dissent from, and obtain payment of the fair value of his or her shares in the event of, any of the following corporate action... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-a/section-10a-2-13-03/ | 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 13 - Dissenters' Rights.›Division A - Right to Dissent and Obtain Payment for Shares.›Section 10A-2-13.03 - Dissent by Nominees and Beneficial Own... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division A - Right to Dissent and Obtain Payment for Shares. › Section 10A-2-13.03 - Dissent by Nominees and Beneficial Owners. | Section 10A-2-13.03
Dissent by nominees and beneficial owners.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A record shareholder may assert dissenters' rights as to fewer than all of the shares registered in his or her name only if he or ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-b/section-10a-2-13-20/ | 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 13 - Dissenters' Rights.›Division B - Procedure for Exercise of Dissenters' Rights.›Section 10A-2-13.20 - Notice of Dissenters' Rights. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division B - Procedure for Exercise of Dissenters' Rights. › Section 10A-2-13.20 - Notice of Dissenters' Rights. | Section 10A-2-13.20
Notice of dissenters' rights.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) If proposed corporate action creating dissenters' rights under Section 10A-2-13.02 is submitted to a vote at a shareholders' meeting, the meeti... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-b/section-10a-2-13-21/ | 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 13 - Dissenters' Rights.›Division B - Procedure for Exercise of Dissenters' Rights.›Section 10A-2-13.21 - Notice of Intent to Demand Payment. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division B - Procedure for Exercise of Dissenters' Rights. › Section 10A-2-13.21 - Notice of Intent to Demand Payment. | Section 10A-2-13.21
Notice of intent to demand payment.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) If proposed corporate action creating dissenters' rights under Section 10A-2-13.02 is submitted to a vote at a shareholder's meeting, a s... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-b/section-10a-2-13-22/ | 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 13 - Dissenters' Rights.›Division B - Procedure for Exercise of Dissenters' Rights.›Section 10A-2-13.22 - Dissenters' Notice. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division B - Procedure for Exercise of Dissenters' Rights. › Section 10A-2-13.22 - Dissenters' Notice. | Section 10A-2-13.22
Dissenters' notice.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) If proposed corporate action creating dissenters' rights under Section 10A-2-13.02 is authorized at a shareholders' meeting, the corporation shall delive... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-b/section-10a-2-13-23/ | 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 13 - Dissenters' Rights.›Division B - Procedure for Exercise of Dissenters' Rights.›Section 10A-2-13.23 - Duty to Demand Payment. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division B - Procedure for Exercise of Dissenters' Rights. › Section 10A-2-13.23 - Duty to Demand Payment. | Section 10A-2-13.23
Duty to demand payment.
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 sent a dissenters' notice described in Section 10A-2-13.22 must demand payment in accordance with the terms of the dissenters' notice.
... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-b/section-10a-2-13-24/ | 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 13 - Dissenters' Rights.›Division B - Procedure for Exercise of Dissenters' Rights.›Section 10A-2-13.24 - Share Restriction. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division B - Procedure for Exercise of Dissenters' Rights. › Section 10A-2-13.24 - Share Restriction. | Section 10A-2-13.24
Share restriction.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Within 20 days after making a formal payment demand, each shareholder demanding payment shall submit the certificate or certificates representing his or h... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-b/section-10a-2-13-25/ | 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 13 - Dissenters' Rights.›Division B - Procedure for Exercise of Dissenters' Rights.›Section 10A-2-13.25 - Offer of Payment. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division B - Procedure for Exercise of Dissenters' Rights. › Section 10A-2-13.25 - Offer of Payment. | Section 10A-2-13.25
Offer of payment.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) As soon as the proposed corporate action is taken, or upon receipt of a payment demand, the corporation shall offer to pay each dissenter who complied with... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-b/section-10a-2-13-26/ | 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 13 - Dissenters' Rights.›Division B - Procedure for Exercise of Dissenters' Rights.›Section 10A-2-13.26 - Failure to Take Corporate Action. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division B - Procedure for Exercise of Dissenters' Rights. › Section 10A-2-13.26 - Failure to Take Corporate Action. | Section 10A-2-13.26
Failure to take corporate action.
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 corporation does not take the proposed action within 60 days after the date set for demanding payment, the corporation shall release... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-b/section-10a-2-13-28/ | 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 13 - Dissenters' Rights.›Division B - Procedure for Exercise of Dissenters' Rights.›Section 10A-2-13.28 - Procedure if Shareholder Dissatisfied Wi... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division B - Procedure for Exercise of Dissenters' Rights. › Section 10A-2-13.28 - Procedure if Shareholder Dissatisfied With Offer to Payment. | Section 10A-2-13.28
Procedure if shareholder dissatisfied with offer to payment.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A dissenter may notify the corporation in writing of his or her own estimate of the fair value of his or her sha... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-c/section-10a-2-13-30/ | 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 13 - Dissenters' Rights.›Division C - Judicial Appraisal of Shares.›Section 10A-2-13.30 - Court Action. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division C - Judicial Appraisal of Shares. › Section 10A-2-13.30 - Court Action. | Section 10A-2-13.30
Court action.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) If a demand for payment under Section 10A-2-13.28 remains unsettled, the corporation shall commence a proceeding within 60 days after receiving the payment dem... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-c/section-10a-2-13-31/ | 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 13 - Dissenters' Rights.›Division C - Judicial Appraisal of Shares.›Section 10A-2-13.31 - Court Costs and Counsel Fees. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division C - Judicial Appraisal of Shares. › Section 10A-2-13.31 - Court Costs and Counsel Fees. | Section 10A-2-13.31
Court costs and counsel fees.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The court in an appraisal proceeding commenced under Section 10A-2-13.30 shall determine all costs of the proceeding, including compensation an... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-13/division-c/section-10a-2-13-32/ | 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 13 - Dissenters' Rights.›Division C - Judicial Appraisal of Shares.›Section 10A-2-13.32 - Status of Shares After Payment. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 13 - Dissenters' Rights. › Division C - Judicial Appraisal of Shares. › Section 10A-2-13.32 - Status of Shares After Payment. | Section 10A-2-13.32
Status of shares after payment.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Shares acquired by a corporation pursuant to payment of the agreed value therefor or to payment of the judgment entered therefor, as in this chap... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-a/section-10a-2-14-01/ | 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 14 - Dissolution.›Division A - Voluntary Dissolution.›Section 10A-2-14.01 - Dissolution by Incorporators or Initial Directors | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division A - Voluntary Dissolution. › Section 10A-2-14.01 - Dissolution by Incorporators or Initial Directors | Section 10A-2-14.01
Dissolution by incorporators or initial directors
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
A majority of the incorporators or initial directors of a corporation that has not issued shares or has not commenced business ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-a/section-10a-2-14-02/ | 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 14 - Dissolution.›Division A - Voluntary Dissolution.›Section 10A-2-14.02 - Dissolution by Board of Directors and Shareholders. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division A - Voluntary Dissolution. › Section 10A-2-14.02 - Dissolution by Board of Directors and Shareholders. | Section 10A-2-14.02
Dissolution by board of directors and 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 corporation's board of directors may propose dissolution for submission to the shareholders.
(b) For a proposal to diss... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-a/section-10a-2-14-03/ | 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 14 - Dissolution.›Division A - Voluntary Dissolution.›Section 10A-2-14.03 - Articles of Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division A - Voluntary Dissolution. › Section 10A-2-14.03 - Articles of Dissolution. | Section 10A-2-14.03
Articles of dissolution.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) At any time after dissolution is authorized, the corporation may dissolve by delivering to the judge of probate for filing articles of dissolution s... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-a/section-10a-2-14-04/ | 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 14 - Dissolution.›Division A - Voluntary Dissolution.›Section 10A-2-14.04 - Revocation of Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division A - Voluntary Dissolution. › Section 10A-2-14.04 - Revocation of Dissolution. | Section 10A-2-14.04
Revocation of dissolution.
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 revoke its dissolution within 120 days of its effective date.
(b) Revocation of dissolution must be authorized in the same manne... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-a/section-10a-2-14-05/ | 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 14 - Dissolution.›Division A - Voluntary Dissolution.›Section 10A-2-14.05 - Effect of Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division A - Voluntary Dissolution. › Section 10A-2-14.05 - Effect of Dissolution. | Section 10A-2-14.05
Effect of dissolution.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its busin... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-b/section-10a-2-14-20/ | 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 14 - Dissolution.›Division B - Administrative Dissolution.›Section 10A-2-14.20 - Grounds for Administrative Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division B - Administrative Dissolution. › Section 10A-2-14.20 - Grounds for Administrative Dissolution. | Section 10A-2-14.20
Grounds for administrative dissolution.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
The Secretary of State may commence a proceeding under Section 10A-2-14.21 to administratively dissolve a corporation if:
(1) The corpora... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-b/section-10a-2-14-21/ | 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 14 - Dissolution.›Division B - Administrative Dissolution.›Section 10A-2-14.21 - Procedure for and Effect of Administrative Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division B - Administrative Dissolution. › Section 10A-2-14.21 - Procedure for and Effect of Administrative Dissolution. | Section 10A-2-14.21
Procedure for and effect of administrative dissolution.
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 Secretary of State determines that one or more grounds exist under Section 10A-2-14.20 for dissolving a corpor... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-b/section-10a-2-14-22/ | 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 14 - Dissolution.›Division B - Administrative Dissolution.›Section 10A-2-14.22 - Reinstatement Following Administrative Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division B - Administrative Dissolution. › Section 10A-2-14.22 - Reinstatement Following Administrative Dissolution. | Section 10A-2-14.22
Reinstatement following administrative dissolution.
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 administratively dissolved under Section 10A-2-14.21 may apply to the Secretary of State for reinstatement ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-b/section-10a-2-14-23/ | 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 14 - Dissolution.›Division B - Administrative Dissolution.›Section 10A-2-14.23 - Appeal From Denial of Reinstatement. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division B - Administrative Dissolution. › Section 10A-2-14.23 - Appeal From Denial of Reinstatement. | Section 10A-2-14.23
Appeal from denial of reinstatement.
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 Secretary of State denies a corporation's application for reinstatement following administrative dissolution, he or she shall ser... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-c/section-10a-2-14-30/ | 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 14 - Dissolution.›Division C - Judicial Dissolution.›Section 10A-2-14.30 - Grounds for Judicial Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division C - Judicial Dissolution. › Section 10A-2-14.30 - Grounds for Judicial Dissolution. | Section 10A-2-14.30
Grounds for judicial dissolution.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
The circuit court of the county where a corporation's articles of incorporation are filed, or, in the case of corporations created by an act of... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-c/section-10a-2-14-31/ | 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 14 - Dissolution.›Division C - Judicial Dissolution.›Section 10A-2-14.31 - Procedure for Judicial Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division C - Judicial Dissolution. › Section 10A-2-14.31 - Procedure for Judicial Dissolution. | Section 10A-2-14.31
Procedure for judicial dissolution.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Venue for a proceeding to dissolve a corporation lies in the county where a corporation's articles of incorporation are filed, or, in the... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-c/section-10a-2-14-32/ | 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 14 - Dissolution.›Division C - Judicial Dissolution.›Section 10A-2-14.32 - Receivership or Custodianship. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division C - Judicial Dissolution. › Section 10A-2-14.32 - Receivership or Custodianship. | Section 10A-2-14.32
Receivership or custodianship.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) A court in a judicial proceeding brought to dissolve a corporation may appoint one or more receivers to wind up and liquidate, or one or more ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-c/section-10a-2-14-33/ | 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 14 - Dissolution.›Division C - Judicial Dissolution.›Section 10A-2-14.33 - Decree of Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division C - Judicial Dissolution. › Section 10A-2-14.33 - Decree of Dissolution. | Section 10A-2-14.33
Decree of dissolution.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) If after a hearing the court determines that one or more grounds for judicial dissolution described in Section 10A-2-14.30 exist, it may enter a decre... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-c/section-10a-2-14-34/ | 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 14 - Dissolution.›Division C - Judicial Dissolution.›Section 10A-2-14.34 - Election to Purchase in Lieu of Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division C - Judicial Dissolution. › Section 10A-2-14.34 - Election to Purchase in Lieu of Dissolution. | Section 10A-2-14.34
Election to purchase in lieu of dissolution.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) In a proceeding under Section 10A-2-14.30(2) to dissolve a corporation that has no shares listed on a national securities exchan... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-14/division-d/section-10a-2-14-40/ | 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 14 - Dissolution.›Division D - Miscellaneous.›Section 10A-2-14.40 - Deposit With State Treasurer. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 14 - Dissolution. › Division D - Miscellaneous. › Section 10A-2-14.40 - Deposit With State Treasurer. | Section 10A-2-14.40
Deposit with State Treasurer.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Assets of a dissolved corporation that should be transferred to a creditor, claimant, or shareholder of the corporation who cannot be found or who ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-15/division-a/section-10a-2-15-01/ | 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 15 - Foreign Corporations.›Division A - Registration.›Section 10A-2-15.01 - Registration Required to Transact Business. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 15 - Foreign Corporations. › Division A - Registration. › Section 10A-2-15.01 - Registration Required to Transact Business. | Section 10A-2-15.01
Registration required to transact business.
Repealed by Act 2012-304, effective January 1, 2014
(Acts 1994, No. 94-245, p. 343, §1; §10-2B-15.01; amended and renumbered by Act 2009-513, p. 967, §153.) |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-15/division-a/section-10a-2-15-02/ | 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 15 - Foreign Corporations.›Division A - Registration.›Section 10A-2-15.02 - Consequences of Transacting Business Without Registering. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 15 - Foreign Corporations. › Division A - Registration. › Section 10A-2-15.02 - Consequences of Transacting Business Without Registering. | Section 10A-2-15.02
Consequences of transacting business without registering.
Repealed by Act 2012-304 effective January 1, 2014.
(Acts 1994, No. 94-245, p. 343, §1; repealed by Acts 1995, No. 95-663, p. 1374, §2; added by Acts 1995, No. 95-663, p. 1374, §3; Act 99-665, 2nd Sp. Sess., p. 131, §3; §10-2B-15.02; amended ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-15/division-d/section-10a-2-15-40/ | 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 15 - Foreign Corporations.›Division D - Acting in a Fiduciary Capacity.›Section 10A-2-15.40 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 15 - Foreign Corporations. › Division D - Acting in a Fiduciary Capacity. › Section 10A-2-15.40 - Definitions. | Section 10A-2-15.40
Definitions.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
The term "foreign corporation," as used in this division, shall mean:
(1) Any bank or other corporation now or hereafter organized or existing under the laws of any... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-15/division-d/section-10a-2-15-41/ | 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 15 - Foreign Corporations.›Division D - Acting in a Fiduciary Capacity.›Section 10A-2-15.41 - Authority of Foreign Corporation to Act as Fiduciary... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 15 - Foreign Corporations. › Division D - Acting in a Fiduciary Capacity. › Section 10A-2-15.41 - Authority of Foreign Corporation to Act as Fiduciary. | Section 10A-2-15.41
Authority of foreign corporation to act as fiduciary.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Any foreign corporation may act in this state as trustee, personal representative, executor, administrator of any kind,... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-15/division-d/section-10a-2-15-42/ | 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 15 - Foreign Corporations.›Division D - Acting in a Fiduciary Capacity.›Section 10A-2-15.42 - Filing of Verified Statement With Commissioner of Re... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 15 - Foreign Corporations. › Division D - Acting in a Fiduciary Capacity. › Section 10A-2-15.42 - Filing of Verified Statement With Commissioner of Revenue by Foreign Corporation Prior to Acti... | Section 10A-2-15.42
Filing of verified statement with Commissioner of Revenue by foreign corporation prior to acting as fiduciary.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Prior to the time when any foreign corporation acts pursuant to th... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-15/division-d/section-10a-2-15-43/ | 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 15 - Foreign Corporations.›Division D - Acting in a Fiduciary Capacity.›Section 10A-2-15.43 - Foreign Corporation Acting as Fiduciary Not Deemed D... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 15 - Foreign Corporations. › Division D - Acting in a Fiduciary Capacity. › Section 10A-2-15.43 - Foreign Corporation Acting as Fiduciary Not Deemed Doing Business in This State. | Section 10A-2-15.43
Foreign corporation acting as fiduciary not deemed doing business in this state.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
A foreign corporation, insofar as it acts in a fiduciary capacity in this state pursuant to the ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-15/division-d/section-10a-2-15-44/ | 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 15 - Foreign Corporations.›Division D - Acting in a Fiduciary Capacity.›Section 10A-2-15.44 - Foreign Corporation Previously Acting in Fiduciary C... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 15 - Foreign Corporations. › Division D - Acting in a Fiduciary Capacity. › Section 10A-2-15.44 - Foreign Corporation Previously Acting in Fiduciary Capacity in State. | Section 10A-2-15.44
Foreign corporation previously acting in fiduciary capacity in state.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
The provisions of this division shall not prohibit any foreign corporation authorized to act in a fiduciary... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-15/division-d/section-10a-2-15-45/ | 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 15 - Foreign Corporations.›Division D - Acting in a Fiduciary Capacity.›Section 10A-2-15.45 - Service of Process on Foreign Corporation Acting in ... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 15 - Foreign Corporations. › Division D - Acting in a Fiduciary Capacity. › Section 10A-2-15.45 - Service of Process on Foreign Corporation Acting in Fiduciary Capacity. | Section 10A-2-15.45
Service of process on foreign corporation acting in fiduciary capacity.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Every foreign corporation acting in a fiduciary capacity in this state pursuant to the terms of this divi... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-16/division-a/section-10a-2-16-01/ | 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 16 - Records and Reports.›Division A - Records.›Section 10A-2-16.01 - Corporate Records. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 16 - Records and Reports. › Division A - Records. › Section 10A-2-16.01 - Corporate Records. | Section 10A-2-16.01
Corporate records.
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 keep as permanent records minutes of all meetings of its shareholders and board of directors, a record of all actions taken by the sha... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-16/division-a/section-10a-2-16-02/ | 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 16 - Records and Reports.›Division A - Records.›Section 10A-2-16.02 - Inspection of Records by Shareholders. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 16 - Records and Reports. › Division A - Records. › Section 10A-2-16.02 - Inspection of Records by Shareholders. | Section 10A-2-16.02
Inspection of records 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) A shareholder of a domestic corporation or of a foreign corporation with its principal office within this state is entitled to inspect... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-16/division-a/section-10a-2-16-03/ | 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 16 - Records and Reports.›Division A - Records.›Section 10A-2-16.03 - Scope of Inspection Right. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 16 - Records and Reports. › Division A - Records. › Section 10A-2-16.03 - Scope of Inspection Right. | Section 10A-2-16.03
Scope of inspection right.
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's agent or attorney has the same inspection and copying rights as the shareholder he or she represents.
(b) The right to copy record... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-16/division-a/section-10a-2-16-04/ | 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 16 - Records and Reports.›Division A - Records.›Section 10A-2-16.04 - Court-Ordered Inspection. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 16 - Records and Reports. › Division A - Records. › Section 10A-2-16.04 - Court-Ordered Inspection. | Section 10A-2-16.04
Court-ordered inspection.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) If a domestic corporation or a foreign corporation with its principal office within this state does not allow a shareholder who complies with Secti... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-16/division-b/section-10a-2-16-20/ | 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 16 - Records and Reports.›Division B - Reports.›Section 10A-2-16.20 - Financial Statements for Shareholders. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 16 - Records and Reports. › Division B - Reports. › Section 10A-2-16.20 - Financial Statements for Shareholders. | Section 10A-2-16.20
Financial statements for 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 corporation shall furnish its annual financial statements to each shareholder who requests a statement, which may be consolidated or... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-16/division-b/section-10a-2-16-21/ | 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 16 - Records and Reports.›Division B - Reports.›Section 10A-2-16.21 - Other Reports to Shareholders. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 16 - Records and Reports. › Division B - Reports. › Section 10A-2-16.21 - Other Reports to Shareholders. | Section 10A-2-16.21
Other reports to shareholders.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
If a corporation indemnifies or advances expenses to a director under Section 10A-2-8.51, 10A-2-8.53, or 10A-2-8.54, or under Article 6 of Chapter... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-16/division-b/section-10a-2-16-22/ | 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 16 - Records and Reports.›Division B - Reports.›Section 10A-2-16.22 - Annual Report for Secretary of State. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 16 - Records and Reports. › Division B - Reports. › Section 10A-2-16.22 - Annual Report for Secretary of State. | Section 10A-2-16.22
Annual report for Secretary of State.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Each domestic corporation, and each foreign corporation authorized to transact business in this state, shall deliver to the Secretary o... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-17/section-10a-2-17-01/ | 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 17 - Application.›Section 10A-2-17.01 - Application to Existing Domestic Corporations. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 17 - Application. › Section 10A-2-17.01 - Application to Existing Domestic Corporations. | Section 10A-2-17.01
Application to existing domestic corporations.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
This chapter and the provisions of Chapter 1 to the extent applicable to business corporations apply to all existing corporations ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2/article-17/section-10a-2-17-02/ | 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 17 - Application.›Section 10A-2-17.02 - Application to Qualified Foreign Corporations. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2 - Business Corporations. › Article 17 - Application. › Section 10A-2-17.02 - Application to Qualified Foreign Corporations. | Section 10A-2-17.02
Application to qualified foreign corporations.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
A foreign corporation authorized to transact business in this state on the effective date of this title is subject to this chapter... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-a/section-10a-2a-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 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division A - Short Title.›Section 10A-2A-1.01 - Short Title. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division A - Short Title. › Section 10A-2A-1.01 - Short Title. | Section 10A-2A-1.01
Short Title.
(a) This chapter and the provisions of Chapter 1, to the extent applicable to business corporations, shall be known and may be cited as the Alabama Business Corporation Law.
(b) This chapter and the provisions of Chapter 1, to the extent applicable to business corporations, apply to a c... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-b/section-10a-2a-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 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division B - Filing Documents.›Section 10A-2A-1.20 - Requirements for Filing Instruments; Extrinsic Facts. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division B - Filing Documents. › Section 10A-2A-1.20 - Requirements for Filing Instruments; Extrinsic Facts. | Section 10A-2A-1.20
Requirements for filing instruments; extrinsic facts.
(a) Whenever any filing instrument is to be filed with the Secretary of State or in accordance with this chapter, such instrument shall be executed as follows:
(1) Except as provided in subsection (a)(3), the certificate of incorporation, and any... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-b/section-10a-2a-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 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division B - Filing Documents.›Section 10A-2A-1.21 - Certificate of Existence or Registration. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division B - Filing Documents. › Section 10A-2A-1.21 - Certificate of Existence or Registration. | Section 10A-2A-1.21
Certificate of existence or registration.
(a) The Secretary of State, upon request and payment of the requisite fee, shall furnish to any person a certificate of existence for a corporation if the writings filed in the office of the Secretary of State show that the corporation has been incorporated ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-c/section-10a-2a-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 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division C - Definitions.›Section 10A-2A-1.40 - Chapter Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division C - Definitions. › Section 10A-2A-1.40 - Chapter Definitions. | Section 10A-2A-1.40
Chapter definitions.
As used in this chapter, unless otherwise specified or unless the context otherwise requires, the following terms have the following meanings:
(1) AUTHORIZED STOCK means the stock of all classes and series a corporation or foreign corporation is authorized to issue.
(2) BENEFICI... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-c/section-10a-2a-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 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division C - Definitions.›Section 10A-2A-1.41 - Notice and Other Communications. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division C - Definitions. › Section 10A-2A-1.41 - Notice and Other Communications. | Section 10A-2A-1.41
Notice and other communications.
(a) A notice under this chapter must be in writing unless oral notice is reasonable in the circumstances. Unless otherwise agreed between the sender and the recipient, words in a notice or other communication under this chapter must be in English.
(b) A notice or oth... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-c/section-10a-2a-1-42/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division C - Definitions.›Section 10A-2A-1.42 - Number of Stockholders. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division C - Definitions. › Section 10A-2A-1.42 - Number of Stockholders. | Section 10A-2A-1.42
Number of stockholders.
(a) For purposes of this chapter, the following identified as a stockholder in a corporation's current record of stockholders constitutes one stockholder:
(1) three or fewer co-owners;
(2) a corporation, partnership, trust, estate, or other entity; and
(3) the trustees, guard... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-c/section-10a-2a-1-43/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division C - Definitions.›Section 10A-2A-1.43 - Qualified Director. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division C - Definitions. › Section 10A-2A-1.43 - Qualified Director. | Section 10A-2A-1.43
Qualified director.
(a) A "qualified director" is a director who, at the time action is to be taken under:
(1) Section 10A-2A-2.02(b)(6), is not a director (i) to whom the limitation or elimination of the duty of an officer to offer potential business opportunities to the corporation would apply, or... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-c/section-10a-2a-1-44/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division C - Definitions.›Section 10A-2A-1.44 - Householding. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division C - Definitions. › Section 10A-2A-1.44 - Householding. | Section 10A-2A-1.44
Householding.
(a) A corporation has delivered written notice or any other report or statement under this chapter, the certificate of incorporation, or the bylaws to all stockholders who share a common address if:
(1) the corporation delivers one copy of the notice, report, or statement to the common... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-d/section-10a-2a-1-45/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division D - Ratification of Defective Corporate Actions.›Section 10A-2A-1.45 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division D - Ratification of Defective Corporate Actions. › Section 10A-2A-1.45 - Definitions. | Section 10A-2A-1.45
Definitions.
In this article:
(1) "Corporate action" means any action taken by or on behalf of the corporation, including any action taken by the incorporator, the board of directors, a committee of the board of directors, an officer or agent of the corporation or the stockholders.
(2) "Date of the ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-d/section-10a-2a-1-46/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division D - Ratification of Defective Corporate Actions.›Section 10A-2A-1.46 - Defective Corporate Actions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division D - Ratification of Defective Corporate Actions. › Section 10A-2A-1.46 - Defective Corporate Actions. | Section 10A-2A-1.46
Defective corporate actions.
(a) A defective corporate action shall not be void or voidable if ratified in accordance with Section 10A-2A-1.47 or validated in accordance with Section 10A-2A-1.52.
(b) Ratification under Section 10A-2A-1.47 or validation under Section 10A-2A-1.52 shall not be deemed t... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-d/section-10a-2a-1-47/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division D - Ratification of Defective Corporate Actions.›Section 10A-2A-1.47 - Ratification of Defective Corp... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division D - Ratification of Defective Corporate Actions. › Section 10A-2A-1.47 - Ratification of Defective Corporate Actions. | Section 10A-2A-1.47
Ratification of defective corporate actions.
(a) To ratify a defective corporate action under this section (other than the ratification of an election of the initial board of directors under subsection (b)), the board of directors shall take action ratifying the action in accordance with Section 10A... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-d/section-10a-2a-1-48/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division D - Ratification of Defective Corporate Actions.›Section 10A-2A-1.48 - Action on Ratification. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division D - Ratification of Defective Corporate Actions. › Section 10A-2A-1.48 - Action on Ratification. | Section 10A-2A-1.48
Action on ratification.
(a) The quorum and voting requirements applicable to a ratifying action by the board of directors under Section 10A-2A-1.47(a) shall be the quorum and voting requirements applicable to the corporate action proposed to be ratified at the time such ratifying action is taken.
(b... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-d/section-10a-2a-1-49/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division D - Ratification of Defective Corporate Actions.›Section 10A-2A-1.49 - Notice Requirements. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division D - Ratification of Defective Corporate Actions. › Section 10A-2A-1.49 - Notice Requirements. | Section 10A-2A-1.49
Notice requirements.
(a) Unless stockholder approval is required under Section 10A-2A-1.47(c), prompt notice of an action taken under Section 10A-2A-1.47 shall be given to each holder of valid and putative stock, regardless of whether entitled to vote, as of (i) the date of such action by the board ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-d/section-10a-2a-1-50/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division D - Ratification of Defective Corporate Actions.›Section 10A-2A-1.50 - Effect of Ratification. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division D - Ratification of Defective Corporate Actions. › Section 10A-2A-1.50 - Effect of Ratification. | Section 10A-2A-1.50
Effect of ratification.
From and after the validation effective time, and without regard to the 120-day period during which a claim may be brought under Section 10A-2A-1.52:
(a) Each defective corporate action ratified in accordance with Section 10A-2A-1.47 shall not be void or voidable as a result ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-d/section-10a-2a-1-51/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division D - Ratification of Defective Corporate Actions.›Section 10A-2A-1.51 - Filings. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division D - Ratification of Defective Corporate Actions. › Section 10A-2A-1.51 - Filings. | Section 10A-2A-1.51
Filings.
(a) If the defective corporate action ratified under this Division D of Article 1 would have required under any other section of this chapter a filing in accordance with this chapter, then, regardless of whether a filing was previously made in respect of such defective corporate action and ... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-1/division-d/section-10a-2a-1-52/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 2A - Alabama Business Corporation Law.›Article 1 - General Provisions.›Division D - Ratification of Defective Corporate Actions.›Section 10A-2A-1.52 - Judicial Proceedings Regarding... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 1 - General Provisions. › Division D - Ratification of Defective Corporate Actions. › Section 10A-2A-1.52 - Judicial Proceedings Regarding Validity of Corporate Actions. | Section 10A-2A-1.52
Judicial proceedings regarding validity of corporate actions.
(a) Upon application by the corporation, any successor entity to the corporation, a director of the corporation, any stockholder, beneficial stockholder or unrestricted voting trust beneficial owner of the corporation, including any stock... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-2/section-10a-2a-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 2A - Alabama Business Corporation Law.›Article 2 - Incorporation.›Section 10A-2A-2.01 - Incorporators; Filing of Certificate of Incorporation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 2 - Incorporation. › Section 10A-2A-2.01 - Incorporators; Filing of Certificate of Incorporation. | Section 10A-2A-2.01
Incorporators; filing of certificate of incorporation.
Section 10A-1-3.04 shall not apply to this chapter. In order to incorporate a corporation, one or more incorporators must execute a certificate of incorporation and deliver it for filing to the Secretary of State.
(Act 2019-94, §1; Act 2021-299,... |
https://law.justia.com/codes/alabama/title-10a/chapter-2a/article-2/section-10a-2a-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 2A - Alabama Business Corporation Law.›Article 2 - Incorporation.›Section 10A-2A-2.02 - Certificate of Incorporation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 2A - Alabama Business Corporation Law. › Article 2 - Incorporation. › Section 10A-2A-2.02 - Certificate of Incorporation. | Section 10A-2A-2.02
Certificate of incorporation.
Section 10A-1-3.05 shall not apply to this chapter. Instead:
(a) The certificate of incorporation must set forth:
(1) a corporate name for the corporation that satisfies the requirements of Article 5 of Chapter 1;
(2) the number of shares of stock the corporation is aut... |
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