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https://law.justia.com/codes/alabama/title-10a/chapter-3/article-2/division-d/section-10a-3-2-42/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 2 - Substantive Provisions.›Division D - Entity Specific Powers; Limitations.›Section 10A-3-2.42 - Loans to Directors and Officers Prohibited. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 2 - Substantive Provisions. › Division D - Entity Specific Powers; Limitations. › Section 10A-3-2.42 - Loans to Directors and Officers Prohibited. | Section 10A-3-2.42
Loans to directors and officers prohibited.
No loans shall be made by a nonprofit corporation to its directors or officers. Any director or officer who assents to or participates in the making of any loan shall be liable to the nonprofit corporation for the amount of the loan until the repayment ther... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-2/division-d/section-10a-3-2-43/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 2 - Substantive Provisions.›Division D - Entity Specific Powers; Limitations.›Section 10A-3-2.43 - Power to Indemnify Directors or Officers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 2 - Substantive Provisions. › Division D - Entity Specific Powers; Limitations. › Section 10A-3-2.43 - Power to Indemnify Directors or Officers. | Section 10A-3-2.43
Power to indemnify directors or officers.
Each nonprofit corporation shall have the power to indemnify any director or officer or former director or officer of the corporation, or any person who may have served at its request as a director or officer of another corporation, whether profit or nonprofi... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-2/division-d/section-10a-3-2-44/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 2 - Substantive Provisions.›Division D - Entity Specific Powers; Limitations.›Section 10A-3-2.44 - Assertion of Lack of Capacity or Power; Defens... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 2 - Substantive Provisions. › Division D - Entity Specific Powers; Limitations. › Section 10A-3-2.44 - Assertion of Lack of Capacity or Power; Defense of Ultra Vires | Section 10A-3-2.44
Assertion of lack of capacity or power; defense of ultra vires
No act of a nonprofit corporation and no conveyance or transfer of real or personal property to or by a nonprofit corporation shall be invalid by reason of the fact that the corporation was without capacity of power to do an act or to mak... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-3/section-10a-3-3-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 3 - Formation of Nonprofit Corporations.›Section 10A-3-3.01 - Generally; Incorporators. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 3 - Formation of Nonprofit Corporations. › Section 10A-3-3.01 - Generally; Incorporators. | Section 10A-3-3.01
Generally; incorporators.
One or more persons, partnerships, domestic corporations or foreign corporations, whether profit or nonprofit, may act as incorporator or incorporators of a nonprofit corporation by signing the certificate of formation and delivering the same to the Secretary of State for fi... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-3/section-10a-3-3-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 3 - Formation of Nonprofit Corporations.›Section 10A-3-3.02 - Supplemental Provisions Required in the Certificate of Formation | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 3 - Formation of Nonprofit Corporations. › Section 10A-3-3.02 - Supplemental Provisions Required in the Certificate of Formation | Section 10A-3-3.02
Supplemental provisions required in the certificate of formation
(a) In addition to the information required by Section 10A-1-3.05 in a certificate of formation of a filing entity under this title, the certificate of formation of a nonprofit corporation formed under this chapter shall set forth:
(1) ... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-3/section-10a-3-3-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 3 - Formation of Nonprofit Corporations.›Section 10A-3-3.03 - Commencement of Corporate Existence. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 3 - Formation of Nonprofit Corporations. › Section 10A-3-3.03 - Commencement of Corporate Existence. | Section 10A-3-3.03
Commencement of corporate existence.
Upon the effectiveness under Sections 10A-1-4.11 and 10A-1-4.12 of the filing of the certificate of formation with the Secretary of State, the corporate existence shall begin. The Secretary of State's filing of the certificate of formation shall be conclusive evid... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-3/section-10a-3-3-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 3 - Formation of Nonprofit Corporations.›Section 10A-3-3.04 - Organizational Meeting of Directors - First Meeting of Members. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 3 - Formation of Nonprofit Corporations. › Section 10A-3-3.04 - Organizational Meeting of Directors - First Meeting of Members. | Section 10A-3-3.04
Organizational meeting of directors - First meeting of members.
(a) After the filing of the certificate of formation, an organizational meeting of the board of directors named in the certificate of formation shall be held, either within or without Alabama, at the call of a majority of the directors f... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-4/section-10a-3-4-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 4 - Amendments.›Section 10A-3-4.01 - Procedure to Amend Certificate of Formation of a Nonprofit Corporation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 4 - Amendments. › Section 10A-3-4.01 - Procedure to Amend Certificate of Formation of a Nonprofit Corporation. | Section 10A-3-4.01
Procedure to amend certificate of formation of a nonprofit corporation.
(a) Amendments to the certificate of formation of a nonprofit corporation shall be made in the following manner:
(1) If there are members entitled to vote thereon, the board of directors shall adopt a resolution setting forth the... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-4/section-10a-3-4-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 4 - Amendments.›Section 10A-3-4.02 - Certificate of Amendment; Execution and Required Supplemental Provisions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 4 - Amendments. › Section 10A-3-4.02 - Certificate of Amendment; Execution and Required Supplemental Provisions. | Section 10A-3-4.02
Certificate of amendment; execution and required supplemental provisions.
The certificate of amendment of a nonprofit corporation shall be executed for the nonprofit corporation by its president or a vice president, and by its secretary or an assistant secretary, and verified by one of the officers s... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-4/section-10a-3-4-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 4 - Amendments.›Section 10A-3-4.03 - Effect of Amendment on Existing Causes of Actions and Suits. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 4 - Amendments. › Section 10A-3-4.03 - Effect of Amendment on Existing Causes of Actions and Suits. | Section 10A-3-4.03
Effect of amendment on existing causes of actions and suits.
No amendment shall affect any existing cause of action in favor of or against a nonprofit corporation, or any pending suit to which a nonprofit corporation shall be a party, or the existing rights of persons other than members; and, in the ... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-4/section-10a-3-4-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 4 - Amendments.›Section 10A-3-4.04 - Restated Certificate of Formation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 4 - Amendments. › Section 10A-3-4.04 - Restated Certificate of Formation. | Section 10A-3-4.04
Restated certificate of formation.
(a) A domestic nonprofit corporation may at any time restate its certificate of formation as theretofore amended, in the following manner:
(1) If there are members entitled to vote thereon, the board of directors shall adopt a resolution setting forth the proposed r... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-5/section-10a-3-5-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 5 - Merger and Consolidation.›Section 10A-3-5.01 - Procedure for Merger. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 5 - Merger and Consolidation. › Section 10A-3-5.01 - Procedure for Merger. | Section 10A-3-5.01
Procedure for merger.
(a) Any two or more domestic nonprofit corporations may merge into one of the corporations pursuant to a plan of merger approved in the manner provided in this chapter.
(b) Each nonprofit corporation shall adopt a plan of merger setting forth:
(1) The names of the nonprofit corp... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-5/section-10a-3-5-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 5 - Merger and Consolidation.›Section 10A-3-5.02 - Procedure for Consolidation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 5 - Merger and Consolidation. › Section 10A-3-5.02 - Procedure for Consolidation. | Section 10A-3-5.02
Procedure for consolidation.
(a) Any two or more domestic nonprofit corporations may consolidate into a new nonprofit corporation pursuant to a plan of consolidation approved in the manner provided in this chapter.
(b) Each nonprofit corporation shall adopt a plan of consolidation setting forth:
(1) ... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-5/section-10a-3-5-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 5 - Merger and Consolidation.›Section 10A-3-5.03 - Approval of Merger or Consolidation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 5 - Merger and Consolidation. › Section 10A-3-5.03 - Approval of Merger or Consolidation. | Section 10A-3-5.03
Approval of merger or consolidation.
(a) A plan of merger or consolidation shall be adopted in the following manner:
(1) If the members of any merging or consolidating nonprofit corporation are entitled to vote thereon, the board of directors of the nonprofit corporation shall adopt a resolution appr... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-5/section-10a-3-5-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 5 - Merger and Consolidation.›Section 10A-3-5.04 - Articles of Merger or Consolidation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 5 - Merger and Consolidation. › Section 10A-3-5.04 - Articles of Merger or Consolidation. | Section 10A-3-5.04
Articles of merger or consolidation.
(a) Upon the approval, articles of merger or articles of consolidation shall be executed for each nonprofit corporation by its president or a vice president, and by its secretary or an assistant secretary, and verified by one of the officers signing the articles, ... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-5/section-10a-3-5-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 5 - Merger and Consolidation.›Section 10A-3-5.05 - Effect of Merger or Consolidation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 5 - Merger and Consolidation. › Section 10A-3-5.05 - Effect of Merger or Consolidation. | Section 10A-3-5.05
Effect of merger or consolidation.
(a) The merger or consolidation shall be effected upon the effective date and time of the articles of merger or consolidation pursuant to Section 10A-1-4.11.
(b) When the merger or consolidation has been effected:
(1) The nonprofit corporations, parties to the plan ... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-5/section-10a-3-5-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 5 - Merger and Consolidation.›Section 10A-3-5.06 - Merger or Consolidation of Domestic and Foreign Nonprofit Corporations. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 5 - Merger and Consolidation. › Section 10A-3-5.06 - Merger or Consolidation of Domestic and Foreign Nonprofit Corporations. | Section 10A-3-5.06
Merger or consolidation of domestic and foreign nonprofit corporations.
(a) One or more foreign nonprofit corporations and one or more domestic nonprofit corporations may be merged or consolidated in the following manner, if the merger or consolidation is permitted by the laws of the state under whic... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-5/section-10a-3-5-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 5 - Merger and Consolidation.›Section 10A-3-5.07 - Nonexclusive. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 5 - Merger and Consolidation. › Section 10A-3-5.07 - Nonexclusive. | Section 10A-3-5.07
Nonexclusive.
The provisions of this chapter on merger and consolidation are not exclusive. Nonprofit corporations may be merged or consolidated, or converted, in any other manner provided by law, including as provided by Article 8 of Chapter 1.
(Act 2009-513, p. 967, §188.) |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-6/section-10a-3-6-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 6 - Sale of Assets.›Section 10A-3-6.01 - Sale, Lease, Exchange, or Mortgage of Assets. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 6 - Sale of Assets. › Section 10A-3-6.01 - Sale, Lease, Exchange, or Mortgage of Assets. | Section 10A-3-6.01
Sale, lease, exchange, or mortgage of assets.
A sale, lease, exchange, mortgage, pledge or other disposition of all, or substantially all, the property and assets of a nonprofit corporation may be made upon the terms and conditions and for the consideration, which may consist in whole or in part of m... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.01 - Voluntary Dissolution - Procedure. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.01 - Voluntary Dissolution - Procedure. | Section 10A-3-7.01
Voluntary dissolution - Procedure.
(a) A nonprofit corporation may dissolve and wind up its affairs in the following manner:
(1) If there are members entitled to vote thereon, the board of directors shall adopt a resolution recommending that the nonprofit corporation be dissolved, and directing that ... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.02 - Voluntary Dissolution - Distribution of Assets Generally. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.02 - Voluntary Dissolution - Distribution of Assets Generally. | Section 10A-3-7.02
Voluntary dissolution - Distribution of assets generally.
The assets of a nonprofit corporation in the process of dissolution shall be applied and distributed as follows:
(1) All liabilities and obligations of the nonprofit corporation shall be paid and discharged, or adequate provision shall be made... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.03 - Voluntary Dissolution - Plan of Distribution of Assets. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.03 - Voluntary Dissolution - Plan of Distribution of Assets. | Section 10A-3-7.03
Voluntary dissolution - Plan of distribution of assets.
A plan providing for the distribution of assets, not inconsistent with the provisions of this chapter, may be adopted by a nonprofit corporation in the process of dissolution and shall be adopted by a nonprofit corporation for the purpose of aut... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.04 - Voluntary Dissolution - Revocation of Voluntary Dissolution Proceedings. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.04 - Voluntary Dissolution - Revocation of Voluntary Dissolution Proceedings. | Section 10A-3-7.04
Voluntary dissolution - Revocation of voluntary dissolution proceedings.
(a) A nonprofit corporation may, at any time prior to the delivery of the articles of dissolution to the Secretary of State for filing, revoke the action theretofore taken to dissolve the nonprofit corporation, in the following ... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.05 - Voluntary Dissolution - Articles of Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.05 - Voluntary Dissolution - Articles of Dissolution. | Section 10A-3-7.05
Voluntary dissolution - Articles of dissolution.
If voluntary dissolution proceedings have not been revoked, then when all debts, liabilities, and obligations of the corporation shall have been paid and discharged, or adequate provision shall have been made therefor, and all of the remaining property... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.06 - Voluntary Dissolution - Filing of Articles of Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.06 - Voluntary Dissolution - Filing of Articles of Dissolution. | Section 10A-3-7.06
Voluntary dissolution - Filing of articles of dissolution.
(a) The articles of dissolution shall be delivered to the Secretary of State for filing.
(b) Upon the filing of the articles of dissolution, the existence of the nonprofit corporation shall cease, except for the purpose of suits, other procee... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.07 - Involuntary Dissolution - Grounds. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.07 - Involuntary Dissolution - Grounds. | Section 10A-3-7.07
Involuntary dissolution - Grounds.
A nonprofit corporation may be dissolved involuntarily by an order of the circuit court of the county in which the principal office of the nonprofit corporation in this state is located, and if none is located in this state, the circuit court for the county in which... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.08 - Involuntary Dissolution - Procedure; Notification to Attorney General. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.08 - Involuntary Dissolution - Procedure; Notification to Attorney General. | Section 10A-3-7.08
Involuntary dissolution - Procedure; notification to Attorney General.
The Secretary of State shall certify to the Attorney General, from time to time, the names of all nonprofit corporations which have given cause for dissolution as provided in this chapter, together with the facts pertinent thereto... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.09 - Involuntary Dissolution - Venue and Service of Process. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.09 - Involuntary Dissolution - Venue and Service of Process. | Section 10A-3-7.09
Involuntary dissolution - Venue and service of process.
Every action for the involuntary dissolution of a nonprofit corporation shall be commenced by the Attorney General in the circuit court for the county in which the nonprofit corporation's principal office is located in this state, and if none in... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.10 - Liquidation - Jurisdiction of Court to Liquidate Assets and Affairs of Corporat... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.10 - Liquidation - Jurisdiction of Court to Liquidate Assets and Affairs of Corporation. | Section 10A-3-7.10
Liquidation - Jurisdiction of court to liquidate assets and affairs of corporation.
(a) The circuit court of the county in which the nonprofit corporation's principal office is located in this state, and if none in this state, the circuit court for the county in which the nonprofit corporation's most... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.11 - Procedure in Liquidation of Corporation by Court. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.11 - Procedure in Liquidation of Corporation by Court. | Section 10A-3-7.11
Procedure in liquidation of corporation by court.
(a) In proceedings to liquidate the assets and affairs of a nonprofit corporation, the court shall have the power to issue restraining orders or injunctions, to appoint a receiver or receivers pendente lite, with the powers and duties as the court, fr... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.12 - Liquidation - Qualification of Receivers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.12 - Liquidation - Qualification of Receivers. | Section 10A-3-7.12
Liquidation - Qualification of receivers.
A receiver shall be a natural person, a partnership, a professional association, a professional corporation, or a business corporation authorized to act as receiver, which corporation may be a domestic corporation or a foreign corporation authorized to transa... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.13 - Liquidation - Filing of Claims in Liquidation Proceedings. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.13 - Liquidation - Filing of Claims in Liquidation Proceedings. | Section 10A-3-7.13
Liquidation - Filing of claims in liquidation proceedings.
In proceedings to liquidate the assets and affairs of a nonprofit corporation, the court may require all creditors of the nonprofit corporation to file with the clerk of the court or with the receiver, in the form as the court may prescribe, ... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.14 - Liquidation - Discontinuance of Liquidation Proceedings. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.14 - Liquidation - Discontinuance of Liquidation Proceedings. | Section 10A-3-7.14
Liquidation - Discontinuance of liquidation proceedings.
The liquidation of the assets and affairs of a nonprofit corporation may be discontinued at anytime during the liquidation proceedings when it is established that cause for liquidation no longer exists. In that event, the court shall dismiss th... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.15 - Liquidation - Entry of Order of Involuntary Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.15 - Liquidation - Entry of Order of Involuntary Dissolution. | Section 10A-3-7.15
Liquidation - Entry of order of involuntary dissolution.
In proceedings to liquidate the assets and affairs of a nonprofit corporation, when the costs and expenses of the proceedings and all debts, obligations, and liabilities of the nonprofit corporation shall have been paid and discharged and all o... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.16 - Filing of Order of Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.16 - Filing of Order of Dissolution. | Section 10A-3-7.16
Filing of order of dissolution.
In case the court shall enter an order dissolving a nonprofit corporation, it shall be the duty of the court to cause a certified copy of the order to be delivered to the Secretary of State for filing. No fee shall be charged by the Secretary of State for the filing th... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-17/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.17 - Deposits With State Treasurer. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.17 - Deposits With State Treasurer. | Section 10A-3-7.17
Deposits with State Treasurer.
Upon the voluntary or involuntary dissolution of a nonprofit corporation, the portion of the assets distributable to any person who is unknown or cannot be found, or who is under disability and there is no person legally competent to receive the distributive portion, sh... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-7/section-10a-3-7-18/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 7 - Dissolution.›Section 10A-3-7.18 - Survival of Remedy After Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 7 - Dissolution. › Section 10A-3-7.18 - Survival of Remedy After Dissolution. | Section 10A-3-7.18
Survival of remedy after dissolution.
The dissolution of a nonprofit corporation either (1) by the filing of the articles of dissolution by the Secretary of State, or (2) by an order of court when the court has not liquidated the assets and affairs of the corporation as provided in this chapter, or (... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-8/section-10a-3-8-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 8 - Miscellaneous Provisions.›Section 10A-3-8.01 - Unauthorized Assumption of Corporate Powers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 8 - Miscellaneous Provisions. › Section 10A-3-8.01 - Unauthorized Assumption of Corporate Powers. | Section 10A-3-8.01
Unauthorized assumption of corporate powers.
All persons who assume to act as a corporation without authority to do so shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.
(Acts 1984, No. 84-290, p. 502, §89; §10-3A-223; amended and renumbered b... |
https://law.justia.com/codes/alabama/title-10a/chapter-3/article-8/section-10a-3-8-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 3 - Nonprofit Corporations.›Article 8 - Miscellaneous Provisions.›Section 10A-3-8.02 - Effect of Repeal of Prior Acts. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 3 - Nonprofit Corporations. › Article 8 - Miscellaneous Provisions. › Section 10A-3-8.02 - Effect of Repeal of Prior Acts. | Section 10A-3-8.02
Effect of repeal of prior acts.
The repeal of a prior act by this title shall not impair, or otherwise affect, the organization or the continued existence of an existing nonprofit corporation, nor the right of any foreign nonprofit corporation presently qualified to conduct affairs in Alabama to cont... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-1/section-10a-4-1-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 1 - General Provisions.›Section 10A-4-1.01 - Short Title. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 1 - General Provisions. › Section 10A-4-1.01 - Short Title. | Section 10A-4-1.01
Short title.
This chapter and the provisions of Chapter 1, to the extent applicable to professional corporations, may be cited as the Alabama Professional Corporation Law.
(Acts 1983, No. 83-514, p. 763, §1; §10-4-380; amended and renumbered by Act 2009-513, p. 967, §201.) |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-1/section-10a-4-1-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 1 - General Provisions.›Section 10A-4-1.02 - Applicability of Business Corporation Law and Nonprofit Corporation Law. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 1 - General Provisions. › Section 10A-4-1.02 - Applicability of Business Corporation Law and Nonprofit Corporation Law. | Section 10A-4-1.02
Applicability of Business Corporation Law and Nonprofit Corporation Law.
The provisions of the Alabama Business Corporation Law shall apply to professional corporations, domestic and foreign, except to the extent the provisions are inconsistent with the provisions of this chapter; provided, however, ... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-1/section-10a-4-1-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 1 - General Provisions.›Section 10A-4-1.03 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 1 - General Provisions. › Section 10A-4-1.03 - Definitions. | Section 10A-4-1.03
Definitions.
As used in this chapter, unless the context otherwise requires, the term:
(1) DISQUALIFIED PERSON. Any person who is not a qualified person.
(2) DOMESTIC PROFESSIONAL CORPORATION. A corporation for profit or nonprofit organized pursuant to the provisions of this chapter.
(3) FOREIGN PROF... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-2/section-10a-4-2-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 2 - Purposes, Powers, and Organization.›Section 10A-4-2.01 - Purposes for Which Professional Corporations May Be Organized. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 2 - Purposes, Powers, and Organization. › Section 10A-4-2.01 - Purposes for Which Professional Corporations May Be Organized. | Section 10A-4-2.01
Purposes for which professional corporations may be organized.
Domestic professional corporations may be organized under this chapter only for the purpose of rendering professional services and services ancillary thereto within a single profession, except that the same professional corporation or non... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-2/section-10a-4-2-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 2 - Purposes, Powers, and Organization.›Section 10A-4-2.02 - Required Statement of Purpose in Certificate of Formation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 2 - Purposes, Powers, and Organization. › Section 10A-4-2.02 - Required Statement of Purpose in Certificate of Formation. | Section 10A-4-2.02
Required statement of purpose in certificate of formation.
(a) Any corporation whose certificate of formation includes as a stated purpose the performance of professional services may be incorporated under this chapter by stating in its certificate of formation that it is incorporated under this chap... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-2/section-10a-4-2-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 2 - Purposes, Powers, and Organization.›Section 10A-4-2.03 - Powers of Professional Corporation Generally; Profession Limited by Certificate..... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 2 - Purposes, Powers, and Organization. › Section 10A-4-2.03 - Powers of Professional Corporation Generally; Profession Limited by Certificate of Formation. | Section 10A-4-2.03
Powers of professional corporation generally; profession limited by certificate of formation.
(a) Subject to Section 10A-4-5.07, a domestic professional corporation, including a professional corporation that is a nonprofit corporation, shall have all the powers necessary or convenient to effectuate i... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-2/section-10a-4-2-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 2 - Purposes, Powers, and Organization.›Section 10A-4-2.04 - Rendition of Professional Services. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 2 - Purposes, Powers, and Organization. › Section 10A-4-2.04 - Rendition of Professional Services. | Section 10A-4-2.04
Rendition of professional services.
A professional corporation, domestic or foreign, may render professional services in Alabama only through individuals permitted to render the services in Alabama; but nothing in this chapter shall be construed to require that any individual who is employed by a pro... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-3/section-10a-4-3-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 3 - Shareholders; Directors and Officers; Professional Liability.›Section 10A-4-3.01 - Issuance and Transfer of Shares. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 3 - Shareholders; Directors and Officers; Professional Liability. › Section 10A-4-3.01 - Issuance and Transfer of Shares. | Section 10A-4-3.01
Issuance and transfer of shares.
(a) A domestic professional corporation may issue shares, fractional shares, and rights or options to purchase shares only to qualified persons.
(b) Where deemed necessary by the licensing authority for any profession in order to prevent violations of the ethical stan... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-3/section-10a-4-3-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 3 - Shareholders; Directors and Officers; Professional Liability.›Section 10A-4-3.02 - Death or Disqualification of Shareholder. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 3 - Shareholders; Directors and Officers; Professional Liability. › Section 10A-4-3.02 - Death or Disqualification of Shareholder. | Section 10A-4-3.02
Death or disqualification of shareholder.
(a) Upon the death of a shareholder of a domestic professional corporation, or if a shareholder of a domestic professional corporation becomes a disqualified person, or if shares of a domestic professional corporation are transferred by operation of law or co... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-3/section-10a-4-3-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 3 - Shareholders; Directors and Officers; Professional Liability.›Section 10A-4-3.03 - Liability Generally. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 3 - Shareholders; Directors and Officers; Professional Liability. › Section 10A-4-3.03 - Liability Generally. | Section 10A-4-3.03
Liability generally.
(a) Every individual who renders professional services as an employee of a domestic or professional corporation shall be liable for any negligent or wrongful act or omission in which he or she personally participates to the same extent as if he or she rendered the services as a s... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-3/section-10a-4-3-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 3 - Shareholders; Directors and Officers; Professional Liability.›Section 10A-4-3.04 - Professional Relationships; Privileged Communications. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 3 - Shareholders; Directors and Officers; Professional Liability. › Section 10A-4-3.04 - Professional Relationships; Privileged Communications. | Section 10A-4-3.04
Professional relationships; privileged communications.
(a) The relationship between an individual performing professional services as an employee of a professional corporation, domestic or foreign, and a client or patient shall be the same as if the individual performed the services as a sole practit... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-3/section-10a-4-3-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 3 - Shareholders; Directors and Officers; Professional Liability.›Section 10A-4-3.05 - Voting Trusts. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 3 - Shareholders; Directors and Officers; Professional Liability. › Section 10A-4-3.05 - Voting Trusts. | Section 10A-4-3.05
Voting trusts.
A voting trust with respect to shares of a domestic professional corporation shall not be valid unless all the trustees and beneficiaries thereof are qualified persons, except that a voting trust may be validly continued for a period of 12 months after the death of a deceased beneficia... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-3/section-10a-4-3-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 3 - Shareholders; Directors and Officers; Professional Liability.›Section 10A-4-3.06 - Directors and Officers. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 3 - Shareholders; Directors and Officers; Professional Liability. › Section 10A-4-3.06 - Directors and Officers. | Section 10A-4-3.06
Directors and officers.
At least one director of a domestic professional corporation and the president of a domestic professional corporation shall be qualified persons with respect to the corporation; provided, however, that the foregoing restriction shall not apply for a period of 12 months after t... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-4/section-10a-4-4-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 4 - Special Provisions as to Amendments; Merger and Consolidation.›Section 10A-4-4.01 - Amendments to Certificate of Formation by Administrato... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 4 - Special Provisions as to Amendments; Merger and Consolidation. › Section 10A-4-4.01 - Amendments to Certificate of Formation by Administrators and the Like. | Section 10A-4-4.01
Amendments to certificate of formation by administrators and the like.
Administrators, executors, guardians, conservators, or receivers of the estates of shareholders of a domestic professional corporation who hold all of the outstanding shares of the corporation may amend the certificate of formatio... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-4/section-10a-4-4-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 4 - Special Provisions as to Amendments; Merger and Consolidation.›Section 10A-4-4.02 - Merger and Conversion. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 4 - Special Provisions as to Amendments; Merger and Consolidation. › Section 10A-4-4.02 - Merger and Conversion. | Section 10A-4-4.02
Merger and conversion.
(a) A domestic professional corporation may convert to or merge with another corporation, professional corporation, or another type of entity, domestic or foreign, under the Alabama Business Corporation Law, or may merge with or convert to another type of entity as permitted by... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-5/section-10a-4-5-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations.›Section 10A-4-5.01 - Inv... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations. › Section 10A-4-5.01 - Involuntary Dissolution on Petition of Attorney... | Section 10A-4-5.01
Involuntary dissolution on petition of Attorney General.
The Attorney General may institute proceedings to involuntarily dissolve a domestic professional corporation or a domestic nonprofit professional corporation. A licensing authority may request that the Attorney General institute such proceeding... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-5/section-10a-4-5-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations.›Section 10A-4-5.02 - Adm... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations. › Section 10A-4-5.02 - Admission of Foreign Professional Corporations. | Section 10A-4-5.02
Admission of foreign professional corporations.
(a) A foreign professional corporation shall be entitled to register under Article 7 of Chapter 1 for authority to render professional services in Alabama only if:
(1) A professional corporation incorporated under this chapter would be allowed to regist... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-5/section-10a-4-5-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations.›Section 10A-4-5.03 - Rev... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations. › Section 10A-4-5.03 - Revocation of Certificate of Authority. | Section 10A-4-5.03
Revocation of certificate of authority.
The certificate of authority of a foreign professional corporation may be revoked by the Secretary of State if the corporation fails to comply with any provision of this chapter applicable to it. Each licensing authority in Alabama shall certify to the Secretar... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-5/section-10a-4-5-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations.›Section 10A-4-5.04 - Ann... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations. › Section 10A-4-5.04 - Annual Report of Domestic and Foreign Professio... | Section 10A-4-5.04
Annual report of domestic and foreign professional corporations.
(a) Every professional corporation, domestic or foreign, is required to file an annual report under the Alabama Business Corporation Law, and shall include in the annual report, in addition to the items required by the Alabama Business ... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-5/section-10a-4-5-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations.›Section 10A-4-5.05 - Int... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations. › Section 10A-4-5.05 - Interrogatories by Licensing Authority; General... | Section 10A-4-5.05
Interrogatories by licensing authority; generally
(a) Each licensing authority of Alabama may propound to any professional corporation, domestic or foreign, organized to practice a profession within the jurisdiction of the licensing authority, and to any officer or director thereof, the interrogatori... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-5/section-10a-4-5-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations.›Section 10A-4-5.06 - Pen... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations. › Section 10A-4-5.06 - Penalty for False Statement, etc.; Procedure Up... | Section 10A-4-5.06
Penalty for false statement, etc.; procedure upon failure to answer interrogatories.
(a) Each officer and director of a professional corporation, domestic or foreign, who signs any articles, statement, report, application, answer to an interrogatory, or other document filed pursuant to this article w... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-5/section-10a-4-5-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations.›Section 10A-4-5.07 - Cha... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations. › Section 10A-4-5.07 - Chapter Does Not Restrict Regulation by Licensi... | Section 10A-4-5.07
Chapter does not restrict regulation by licensing authority.
(a) Nothing in this chapter shall restrict or limit in any manner the authority or duty of a licensing authority with respect to individuals rendering a professional service within the jurisdiction of the licensing authority. Nothing in thi... |
https://law.justia.com/codes/alabama/title-10a/chapter-4/article-5/section-10a-4-5-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 4 - Professional Corporations.›Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations.›Section 10A-4-5.08 - App... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 4 - Professional Corporations. › Article 5 - Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations. › Section 10A-4-5.08 - Application to Existing Corporations. | Section 10A-4-5.08
Application to existing corporations.
(a) The provisions of this chapter shall apply to all existing corporations organized under the statute formerly codified as Article 11 of Chapter 4, Title 10 and repealed by Acts 1983, No. 83-514, effective January 1, 1984; provided, that any professional corpor... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-1/section-10a-5-1-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 1 - General Provisions.›Section 10A-5-1.01 - Short Title. Repealed in the 2014 Regular Session by Act 2014-144 Effective Jan... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 1 - General Provisions. › Section 10A-5-1.01 - Short Title. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-1.01
Short title. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
This chapter and the provisions of Chapter 1, to the extent applicable to limited liability companies, shall be known and may be cited as the "Alabama Limited Liability Company Law."
(Acts 1993, No. 93-724, p... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-1/section-10a-5-1-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 1 - General Provisions.›Section 10A-5-1.02 - Definitions. Repealed in the 2014 Regular Session by Act 2014-144 Effective Jan... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 1 - General Provisions. › Section 10A-5-1.02 - Definitions. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-1.02
Definitions. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
As used in this chapter, unless the context otherwise requires, the following terms mean:
(1) ARTICLES OF ORGANIZATION. The filing instrument provided for by Section 10A-5-2.01, or, if it has been amended or ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-1/section-10a-5-1-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 1 - General Provisions.›Section 10A-5-1.03 - Powers. Repealed in the 2014 Regular Session by Act 2014-144 Effective January... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 1 - General Provisions. › Section 10A-5-1.03 - Powers. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-1.03
Powers. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
Unless its certificate of formation provides otherwise, every limited liability company has perpetual duration and succession in its name and has , without limitation, all powers enumerated in Chapter 1, including... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-1/section-10a-5-1-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 1 - General Provisions.›Section 10A-5-1.04 - Indemnification. Repealed in the 2014 Regular Session by Act 2014-144 Effective... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 1 - General Provisions. › Section 10A-5-1.04 - Indemnification. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-1.04
Indemnification. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
Unless its certificate of formation provides otherwise, every limited liability company has the power to indemnify a member, manager, or employee or former member, manager, or employee of the limited liab... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-1/section-10a-5-1-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 1 - General Provisions.›Section 10A-5-1.05 - Unauthorized Assumption of Powers. Repealed in the 2014 Regular Session by Act... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 1 - General Provisions. › Section 10A-5-1.05 - Unauthorized Assumption of Powers. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-1.05
Unauthorized assumption of powers. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
All persons who assume to act as a limited liability company without authority to do so shall be jointly and severally liable for all debts and liabilities created by their so acting.
(A... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-1/section-10a-5-1-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 1 - General Provisions.›Section 10A-5-1.06 - Application of Partnership Provisions to Limited Liability Companies; Classific... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 1 - General Provisions. › Section 10A-5-1.06 - Application of Partnership Provisions to Limited Liability Companies; Classification for Federal Income Tax Purposes. Repealed in the 2014 ... | Section 10A-5-1.06
Application of partnership provisions to limited liability companies; classification for federal income tax purposes. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) The terms "partnership" and "limited partnership," when used in any chapter or title other than the... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-2/section-10a-5-2-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 2 - Formation.›Section 10A-5-2.01 - Formation. Repealed in the 2014 Regular Session by Act 2014-144 Effective Janua... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 2 - Formation. › Section 10A-5-2.01 - Formation. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-2.01
Formation. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
One or more persons may form a limited liability company by filing a certificate of formation for the limited liability company with the judge of probate of the county in which the initial registered office of ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-2/section-10a-5-2-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 2 - Formation.›Section 10A-5-2.02 - Supplemental Provisions Required in the Certificate of Formation. Repealed in t... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 2 - Formation. › Section 10A-5-2.02 - Supplemental Provisions Required in the Certificate of Formation. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-2.02
Supplemental Provisions required in the certificate of formation. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
In addition to the information required for a certificate of formation by Section 10A-1-3.05, the certificate of formation of a limited liability company s... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-2/section-10a-5-2-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 2 - Formation.›Section 10A-5-2.03 - Amendment of Certificate of Formation. Repealed in the 2014 Regular Session by... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 2 - Formation. › Section 10A-5-2.03 - Amendment of Certificate of Formation. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-2.03
Amendment of certificate of formation. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) The certificate of formation may be amended by delivering the amendment to the judge of probate in whose office the certificate of formation is filed. The amendment shall set for... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-2/section-10a-5-2-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 2 - Formation.›Section 10A-5-2.04 - Execution. Repealed in the 2014 Regular Session by Act 2014-144 Effective Janua... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 2 - Formation. › Section 10A-5-2.04 - Execution. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-2.04
Execution. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Unless otherwise specified in this chapter, each filing instrument required by this chapter to be filed in the office of the judge of probate shall be executed in the following manner:
(1) The certificate o... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-2/section-10a-5-2-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 2 - Formation.›Section 10A-5-2.05 - Pre-Formation Transactions. Repealed in the 2014 Regular Session by Act 2014-14... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 2 - Formation. › Section 10A-5-2.05 - Pre-Formation Transactions. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-2.05
Pre-formation transactions. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
A limited liability company may not transact business or incur indebtedness, except that which is incidental to its organization or to obtaining subscriptions for or payment of contributions, u... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-2/section-10a-5-2-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 2 - Formation.›Section 10A-5-2.06 - Records to Be Kept; Right of Inspection. Repealed in the 2014 Regular Session b... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 2 - Formation. › Section 10A-5-2.06 - Records to Be Kept; Right of Inspection. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-2.06
Records to be kept; right of inspection. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Each limited liability company shall keep at its registered office or principal place of business in this state the following records:
(1) A current list of the full name and l... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-2/section-10a-5-2-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 2 - Formation.›Section 10A-5-2.07 - Parties to Actions. Repealed in the 2014 Regular Session by Act 2014-144 Effect... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 2 - Formation. › Section 10A-5-2.07 - Parties to Actions. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-2.07
Parties to actions. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
Neither a member nor a manager of a limited liability company is a proper party to proceedings by or against a limited liability company, except where the object is to enforce a member's or manager's r... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-3/section-10a-5-3-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 3 - Relationship of Members and Managers to Third Parties.›Section 10A-5-3.01 - Business Transactions of a Member With the Limited Liability... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 3 - Relationship of Members and Managers to Third Parties. › Section 10A-5-3.01 - Business Transactions of a Member With the Limited Liability Company. Repealed in the 2014 Regular Sessi... | Section 10A-5-3.01
Business transactions of a member with the limited liability company. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
Except as otherwise provided in the operating agreement, a member may lend money to and transact any lawful business with the limited liability company... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-3/section-10a-5-3-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 3 - Relationship of Members and Managers to Third Parties.›Section 10A-5-3.02 - Liability of Members to Third Parties. Repealed in the 2014 ... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 3 - Relationship of Members and Managers to Third Parties. › Section 10A-5-3.02 - Liability of Members to Third Parties. Repealed in the 2014 Regular Session by Act 2014-144 Effective Ja... | Section 10A-5-3.02
Liability of members to third parties. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Except as otherwise provided in this chapter, a member of a limited liability company is not liable under a judgment, decree, or order of a court, or in any other manner, for a d... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-3/section-10a-5-3-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 3 - Relationship of Members and Managers to Third Parties.›Section 10A-5-3.03 - Agency Power of Members and Managers; Duties. Repealed in th... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 3 - Relationship of Members and Managers to Third Parties. › Section 10A-5-3.03 - Agency Power of Members and Managers; Duties. Repealed in the 2014 Regular Session by Act 2014-144 Effec... | Section 10A-5-3.03
Agency power of members and managers; duties. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Except as provided in subsection (b), every member is an agent of the limited liability company for the purpose of its business or affairs, and the act of any member, incl... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-4/section-10a-5-4-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 4 - Relationship Among Members.›Section 10A-5-4.01 - Management of the Limited Liability Company; Creation of Classes; Voting; Right... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 4 - Relationship Among Members. › Section 10A-5-4.01 - Management of the Limited Liability Company; Creation of Classes; Voting; Rights; Meetings. Repealed in the 2014 Regular Session by... | Section 10A-5-4.01
Management of the limited liability company; creation of classes; voting; rights; meetings. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Unless otherwise stated in the certificate of formation, the management of the limited liability company is vested in its mem... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-4/section-10a-5-4-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 4 - Relationship Among Members.›Section 10A-5-4.02 - Limited Liability Company Property. Repealed in the 2014 Regular Session by Act... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 4 - Relationship Among Members. › Section 10A-5-4.02 - Limited Liability Company Property. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-4.02
Limited liability company property. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Property may be acquired, held, and conveyed in the name of the limited liability company. Any estate in real property may be acquired in the name of the limited liability company a... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-4/section-10a-5-4-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 4 - Relationship Among Members.›Section 10A-5-4.03 - Operating Agreements. Repealed in the 2014 Regular Session by Act 2014-144 Effe... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 4 - Relationship Among Members. › Section 10A-5-4.03 - Operating Agreements. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-4.03
Operating agreements. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) The member or members of a limited liability company may enter into an operating agreement to regulate or establish the affairs of the limited liability company, the conduct of its business, and ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-4/section-10a-5-4-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 4 - Relationship Among Members.›Section 10A-5-4.04 - Derivative Actions. Repealed in the 2014 Regular Session by Act 2014-144 Effect... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 4 - Relationship Among Members. › Section 10A-5-4.04 - Derivative Actions. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-4.04
Derivative actions. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) A member may bring an action in the right of a limited liability company to recover a judgment in its favor if the members or managers with authority to do so have refused to bring the action or if... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-5/section-10a-5-5-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 5 - Contributions and Distributions.›Section 10A-5-5.01 - Contribution. Repealed in the 2014 Regular Session by Act 2014-144 Effective Ja... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 5 - Contributions and Distributions. › Section 10A-5-5.01 - Contribution. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-5.01
Contribution. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
The contributions of a member to the limited liability company may be in cash, property, services previously rendered, or a promissory note or other binding obligation to pay cash, convey property, or to ren... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-5/section-10a-5-5-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 5 - Contributions and Distributions.›Section 10A-5-5.02 - Liability for Contributions. Repealed in the 2014 Regular Session by Act 2014-1... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 5 - Contributions and Distributions. › Section 10A-5-5.02 - Liability for Contributions. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-5.02
Liability for contributions. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Except as provided in the certificate of formation, a member is obligated to the limited liability company to perform any promise to pay cash or convey property or to render services, even... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-5/section-10a-5-5-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 5 - Contributions and Distributions.›Section 10A-5-5.03 - Sharing of Profits and Losses. Repealed in the 2014 Regular Session by Act 2014... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 5 - Contributions and Distributions. › Section 10A-5-5.03 - Sharing of Profits and Losses. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-5.03
Sharing of profits and losses. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
The profits and losses, income, deductions, and credits, and items of income, deduction, and credits of the limited liability company shall be allocated among the members in the manner provi... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-5/section-10a-5-5-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 5 - Contributions and Distributions.›Section 10A-5-5.04 - Interim Distributions of Property; Impairment of Capital. Repealed in the 2014... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 5 - Contributions and Distributions. › Section 10A-5-5.04 - Interim Distributions of Property; Impairment of Capital. Repealed in the 2014 Regular Session by Act 2014-144 Effective Janua... | Section 10A-5-5.04
Interim distributions of property; impairment of capital. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Except as provided in this section or in the operating agreement, members are entitled to receive distributions from the limited liability company in proportio... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-5/section-10a-5-5-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 5 - Contributions and Distributions.›Section 10A-5-5.05 - Purchase of Interest of Member Whose Membership Has Ceased. Repealed in the 201... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 5 - Contributions and Distributions. › Section 10A-5-5.05 - Purchase of Interest of Member Whose Membership Has Ceased. Repealed in the 2014 Regular Session by Act 2014-144 Effective Jan... | Section 10A-5-5.05
Purchase of interest of member whose membership has ceased. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
Unless the governing documents of a limited liability company or a private agreement provide for the purchase of the interest of a former member whose membership... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-6/section-10a-5-6-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 6 - Transfer of Membership Interest.›Section 10A-5-6.01 - Admission of Additional Members. Repealed in the 2014 Regular Session by Act 20... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 6 - Transfer of Membership Interest. › Section 10A-5-6.01 - Admission of Additional Members. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-6.01
Admission of additional members. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) After the filing of a limited liability company's original certificate of formation, additional members may be admitted as follows:
(1) In the case of a member acquiring an interest di... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-6/section-10a-5-6-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 6 - Transfer of Membership Interest.›Section 10A-5-6.02 - Transferability of Member's Interest. Repealed in the 2014 Regular Session by A... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 6 - Transfer of Membership Interest. › Section 10A-5-6.02 - Transferability of Member's Interest. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-6.02
Transferability of member's interest. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Except as otherwise provided in the operating agreement:
(1) A membership interest in a limited liability company is assignable in whole or in part.
(2) An assignment of a member'... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-6/section-10a-5-6-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 6 - Transfer of Membership Interest.›Section 10A-5-6.03 - Right of Assignee to Become Member. Repealed in the 2014 Regular Session by Act... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 6 - Transfer of Membership Interest. › Section 10A-5-6.03 - Right of Assignee to Become Member. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-6.03
Right of assignee to become member. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Except as otherwise provided in the operating agreement:
(1) An assignee of an interest in a limited liability company may become a member only if the other members unanimously cons... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-6/section-10a-5-6-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 6 - Transfer of Membership Interest.›Section 10A-5-6.04 - Death or Incompetency of Member. Repealed in the 2014 Regular Session by Act 20... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 6 - Transfer of Membership Interest. › Section 10A-5-6.04 - Death or Incompetency of Member. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-6.04
Death or incompetency of member. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Except as otherwise provided in the governing documents:
(1) If a member who is an individual dies or if a court of competent jurisdiction adjudges a member to be incompetent to manage... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-6/section-10a-5-6-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 6 - Transfer of Membership Interest.›Section 10A-5-6.05 - Member's Financial Rights Subject to Charging Order. Repealed in the 2014 Regul... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 6 - Transfer of Membership Interest. › Section 10A-5-6.05 - Member's Financial Rights Subject to Charging Order. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1,... | Section 10A-5-6.05
Member's financial rights subject to charging order. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) On application to a court of competent jurisdiction by any judgment creditor of a member or assignee, the court may charge the interest of the member or assignee wi... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-6/section-10a-5-6-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 6 - Transfer of Membership Interest.›Section 10A-5-6.06 - Cessation of Membership. Repealed in the 2014 Regular Session by Act 2014-144 E... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 6 - Transfer of Membership Interest. › Section 10A-5-6.06 - Cessation of Membership. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-6.06
Cessation of membership. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) A person ceases to be a member of a limited liability company upon the occurrence of one or more of the following events:
(1) The member ceases to be a member by voluntary act as provided in s... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-7/section-10a-5-7-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 7 - Dissolution.›Section 10A-5-7.01 - Events of Dissolution. Repealed in the 2014 Regular Session by Act 2014-144 Eff... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 7 - Dissolution. › Section 10A-5-7.01 - Events of Dissolution. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-7.01
Events of dissolution. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
A limited liability company is dissolved and its affairs shall be wound up upon occurrence of the first of the following events:
(1) Events specified in the governing documents.
(2) Written consent ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-7/section-10a-5-7-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 7 - Dissolution.›Section 10A-5-7.02 - Judicial Dissolution. Repealed in the 2014 Regular Session by Act 2014-144 Effe... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 7 - Dissolution. › Section 10A-5-7.02 - Judicial Dissolution. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-7.02
Judicial dissolution. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
On application by or for a member, the circuit court for the county in which the certificate of formation is filed may decree dissolution of a limited liability company whenever it is not reasonably ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-7/section-10a-5-7-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 7 - Dissolution.›Section 10A-5-7.03 - Winding Up. Repealed in the 2014 Regular Session by Act 2014-144 Effective Janu... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 7 - Dissolution. › Section 10A-5-7.03 - Winding Up. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-7.03
Winding up. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Except as otherwise provided in the governing documents, the members who have not wrongfully dissolved a limited liability company may wind up the limited liability company's business and affairs.
(b) A pe... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-7/section-10a-5-7-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 7 - Dissolution.›Section 10A-5-7.04 - Survival of Remedy After Dissolution. Repealed in the 2014 Regular Session by A... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 7 - Dissolution. › Section 10A-5-7.04 - Survival of Remedy After Dissolution. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-7.04
Survival of remedy after dissolution. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) A dissolved limited liability company continues its existence but may not carry on any business except that necessary or appropriate to wind up and liquidate its business and affa... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-7/section-10a-5-7-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 7 - Dissolution.›Section 10A-5-7.05 - Distribution of Assets Upon Dissolution. Repealed in the 2014 Regular Session b... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 7 - Dissolution. › Section 10A-5-7.05 - Distribution of Assets Upon Dissolution. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-7.05
Distribution of assets upon dissolution. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
Upon the winding up of a limited liability company, the assets of the limited liability company shall be distributed in the following order of priority:
(1) To creditors, including... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-7/section-10a-5-7-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 7 - Dissolution.›Section 10A-5-7.06 - Articles of Dissolution. Repealed in the 2014 Regular Session by Act 2014-144 E... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 7 - Dissolution. › Section 10A-5-7.06 - Articles of Dissolution. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-7.06
Articles of dissolution. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) After the dissolution of the limited liability company pursuant to Section 10A-5-7.01, the limited liability company shall file articles of dissolution in the office of the judge of probate of... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-8/section-10a-5-8-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 8 - Professional Services.›Section 10A-5-8.01 - Special Rules for Limited Liability Companies Performing Professional Services.... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 8 - Professional Services. › Section 10A-5-8.01 - Special Rules for Limited Liability Companies Performing Professional Services. Repealed in the 2014 Regular Session by Act 2014-144 Eff... | Section 10A-5-8.01
Special rules for limited liability companies performing professional services. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) A limited liability company shall have the power to render professional services if each member or employee who renders professional serv... |
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