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https://law.justia.com/codes/alabama/title-10a/chapter-5/article-9/section-10a-5-9-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 9 - Merger and Consolidation.›Section 10A-5-9.01 - Merger and Consolidation. Repealed in the 2014 Regular Session by Act 2014-144... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 9 - Merger and Consolidation. › Section 10A-5-9.01 - Merger and Consolidation. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-9.01
Merger and consolidation. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) Pursuant to any agreement, a domestic limited liability company may merge or consolidate with or into one or more limited liability companies or other business entities formed or organized un... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-9/section-10a-5-9-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5 - Limited Liability Companies.›Article 9 - Merger and Consolidation.›Section 10A-5-9.02 - Requirements for Articles of Merger; Effective Date. Repealed in the 2014 Regul... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 9 - Merger and Consolidation. › Section 10A-5-9.02 - Requirements for Articles of Merger; Effective Date. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-9.02
Requirements for articles of merger; effective date. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) If a domestic limited liability company is merging under this chapter, the domestic limited liability company or other business entity surviving or resulting from t... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-9/section-10a-5-9-03/ | 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 9 - Merger and Consolidation.›Section 10A-5-9.03 - Vesting of Certain Rights, Privileges, Powers, Property, Liabilities, and Dutie... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 9 - Merger and Consolidation. › Section 10A-5-9.03 - Vesting of Certain Rights, Privileges, Powers, Property, Liabilities, and Duties. Repealed in the 2014 Regular Session by Act 2014-14... | Section 10A-5-9.03
Vesting of certain rights, privileges, powers, property, liabilities, and duties. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
(a) When any merger has become effective under this chapter, for all purposes of the laws of the state, all the rights, privileges, and pow... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-9/section-10a-5-9-04/ | 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 9 - Merger and Consolidation.›Section 10A-5-9.04 - Recording of Articles of Merger; Effect When Secretary of State Files Articles;... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 9 - Merger and Consolidation. › Section 10A-5-9.04 - Recording of Articles of Merger; Effect When Secretary of State Files Articles; Copy of Certified Articles Conclusive Evidence of Mat... | Section 10A-5-9.04
Recording of articles of merger; effect when Secretary of State files articles; copy of certified articles conclusive evidence of matters. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
The articles of merger required by this chapter to be filed with the Secretary of ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-9/section-10a-5-9-05/ | 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 9 - Merger and Consolidation.›Section 10A-5-9.05 - Applicability of Article 11 of Chapter 2; Merger and Conversion Provisions to L... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5 - Limited Liability Companies. › Article 9 - Merger and Consolidation. › Section 10A-5-9.05 - Applicability of Article 11 of Chapter 2; Merger and Conversion Provisions to Limited Liability Companies Repealed in the 2014 Regula... | Section 10A-5-9.05
Applicability of Article 11 of Chapter 2; merger and conversion provisions to limited liability companies REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
To the extent applicable, the provisions and requirements of Article 11, commencing with Section 10A-2-11.01, of Ch... |
https://law.justia.com/codes/alabama/title-10a/chapter-5/article-9/section-10a-5-9-06/ | 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 9 - Merger and Consolidation.›Section 10A-5-9.06 - Nonexclusivity. 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 9 - Merger and Consolidation. › Section 10A-5-9.06 - Nonexclusivity. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017. | Section 10A-5-9.06
Nonexclusivity. REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.
The provisions of this article pertaining to mergers of limited liability companies are not exclusive. A domestic limited liability company may merge with or convert to another type of entity as permitted ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-1/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 1 - General Provisions.›Section 10A-5A-1.01 - Short Title. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 1 - General Provisions. › Section 10A-5A-1.01 - Short Title. | Section 10A-5A-1.01
Short title.
This chapter and Chapter 1, to the extent applicable to limited liability companies, shall be known and may be cited as the Alabama Limited Liability Company Law.
(Act 2014-144, p. 265, §1; Act 2019-304, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-1/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 1 - General Provisions.›Section 10A-5A-1.02 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 1 - General Provisions. › Section 10A-5A-1.02 - Definitions. | Section 10A-5A-1.02
Definitions.
As used in this chapter, unless the context otherwise requires, the following terms mean:
(a) CERTIFICATE OF FORMATION, with respect to a limited liability company, means the certificate provided for by Section 10A-5A-2.01, and the certificate as amended or restated.
(b) CONSTITUENT LIM... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-1/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 1 - General Provisions.›Section 10A-5A-1.03 - Knowledge; Notice. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 1 - General Provisions. › Section 10A-5A-1.03 - Knowledge; Notice. | Section 10A-5A-1.03
Knowledge; notice.
(a) A person knows a fact when the person:
(1) has actual knowledge of it; or
(2) is deemed to know it under law other than this chapter.
(b) A person has notice of a fact when the person:
(1) knows of it;
(2) receives notification of it;
(3) has reason to know the fact from all o... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-1/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 1 - General Provisions.›Section 10A-5A-1.04 - Powers and Privileges. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 1 - General Provisions. › Section 10A-5A-1.04 - Powers and Privileges. | Section 10A-5A-1.04
Powers and privileges.
(a) A limited liability company is a separate legal entity. A limited liability company's status for tax purposes shall not affect its status as a separate legal entity formed under this chapter.
(b) A limited liability company shall possess and may exercise all the powers and... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-1/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 1 - General Provisions.›Section 10A-5A-1.05 - Governing Law. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 1 - General Provisions. › Section 10A-5A-1.05 - Governing Law. | Section 10A-5A-1.05
Governing law.
(a) The law of this state governs:
(1) the organization and internal affairs of a limited liability company, or series thereof;
(2) the liability of a member as a member for the debts, obligations, or other liabilities of a limited liability company, or series thereof;
(3) the authori... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-1/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 1 - General Provisions.›Section 10A-5A-1.06 - Rules of Construction. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 1 - General Provisions. › Section 10A-5A-1.06 - Rules of Construction. | Section 10A-5A-1.06
Rules of construction.
(a) It is the policy of this chapter and this state to give maximum effect to the principles of freedom of contract and to the enforceability of limited liability company agreements.
(b) Unless displaced by particular provisions of this chapter, the principles of law and equit... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-1/section-10a-5a-1-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 1 - General Provisions.›Section 10A-5A-1.07 - Application of Partnership Provisions to Limited Liability Companies; Class... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 1 - General Provisions. › Section 10A-5A-1.07 - Application of Partnership Provisions to Limited Liability Companies; Classification for Federal Income Tax Purposes. | Section 10A-5A-1.07
Application of partnership provisions to limited liability companies; classification for federal income tax purposes.
Subject to Section 10A-5A-3.01:
(a) The terms "partnership" and "limited partnership," when used in any chapter or title other than the Alabama Limited Liability Company Law of 2014,... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-1/section-10a-5a-1-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 1 - General Provisions.›Section 10A-5A-1.08 - Limited Liability Company Agreement - Scope; Function; and Limitations. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 1 - General Provisions. › Section 10A-5A-1.08 - Limited Liability Company Agreement - Scope; Function; and Limitations. | Section 10A-5A-1.08
Limited liability company agreement - Scope; function; and limitations.
(a) Except as otherwise provided in subsections (b) and (c):
(1) the limited liability company agreement governs relations among the members as members and between the members and the limited liability company; and
(2) to the ex... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-1/section-10a-5a-1-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 1 - General Provisions.›Section 10A-5A-1.09 - Limited Liability Company Agreement - Effect on Limited Liability Company a... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 1 - General Provisions. › Section 10A-5A-1.09 - Limited Liability Company Agreement - Effect on Limited Liability Company and Persons Admitted as Members. | Section 10A-5A-1.09
Limited liability company agreement - Effect on limited liability company and persons admitted as members.
(a) A limited liability company is bound by and may enforce the limited liability company agreement, whether or not the limited liability company has itself manifested assent to the limited lia... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-1/section-10a-5a-1-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 1 - General Provisions.›Section 10A-5A-1.10 - Limited Liability Company Agreement - Effect on Third Parties and Relations... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 1 - General Provisions. › Section 10A-5A-1.10 - Limited Liability Company Agreement - Effect on Third Parties and Relationship to Writings Effective on Behalf of Limit... | Section 10A-5A-1.10
Limited liability company agreement - Effect on third parties and relationship to writings effective on behalf of limited liability company.
(a) If a limited liability company agreement provides for the manner in which it may be amended, including by requiring the approval of a person who is not a p... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-2/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 2 - Formation.›Section 10A-5A-2.01 - Formation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 2 - Formation. › Section 10A-5A-2.01 - Formation. | Section 10A-5A-2.01
Formation.
(a) In order to form a limited liability company, one or more organizers must execute a certificate of formation and deliver it for filing to the filing officer provided for in subsection (e). Section 10A-1-3.05 shall not apply to this chapter. Instead, the certificate of formation shall ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-2/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 2 - Formation.›Section 10A-5A-2.02 - Amendment or Restatement of Certificate of Formation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 2 - Formation. › Section 10A-5A-2.02 - Amendment or Restatement of Certificate of Formation. | Section 10A-5A-2.02
Amendment or restatement of certificate of formation.
Division B of Article 3 of Chapter 1 shall not apply to this chapter. Instead:
(a) A certificate of formation may be amended at any time.
(b) A certificate of formation may be restated with or without amendment at any time.
(c) To amend its certi... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-2/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 2 - Formation.›Section 10A-5A-2.03 - Effect of Filing Amendment or Restatement of Certificate of Formation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 2 - Formation. › Section 10A-5A-2.03 - Effect of Filing Amendment or Restatement of Certificate of Formation. | Section 10A-5A-2.03
Effect of filing amendment or restatement of certificate of formation.
(a) The filing of a certificate of amendment to the certificate of formation shall have the effect, and shall take effect, as provided in Section 10A-1-3.14.
(b) The filing of a restated certificate of formation shall have the ef... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-2/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 2 - Formation.›Section 10A-5A-2.04 - Execution of Documents - Signing Requirements. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 2 - Formation. › Section 10A-5A-2.04 - Execution of Documents - Signing Requirements. | Section 10A-5A-2.04
Execution of documents - Signing requirements.
(a) A writing delivered to the Secretary of State for filing pursuant to this chapter must be signed as provided by this section.
(1) A limited liability company's initial certificate of formation must be signed by at least one organizer.
(2) A writing ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-2/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 2 - Formation.›Section 10A-5A-2.05 - Execution of Documents - Unsigned Documents. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 2 - Formation. › Section 10A-5A-2.05 - Execution of Documents - Unsigned Documents. | Section 10A-5A-2.05
Execution of documents - Unsigned documents.
(a) If a person required by this chapter to sign a writing or deliver a writing to a filing officer for filing under this chapter does not do so, any other person that is aggrieved by that failure may petition the designated court, and if none, the circui... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-2/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 2 - Formation.›Section 10A-5A-2.06 - Certificate of Existence or Qualification. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 2 - Formation. › Section 10A-5A-2.06 - Certificate of Existence or Qualification. | Section 10A-5A-2.06
Certificate of existence or qualification.
(a) The Secretary of State, upon request and payment of the requisite fee, shall furnish to any person a certificate of existence for a limited liability company if the writings filed in the office of the Secretary of State show that the limited liability c... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-3/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 3 - Relations of Members to Persons Dealing With Limited Liability Company.›Section 10A-5A-3.01 - Liability of Members to... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 3 - Relations of Members to Persons Dealing With Limited Liability Company. › Section 10A-5A-3.01 - Liability of Members to Third Parties. | Section 10A-5A-3.01
Liability of members to third parties.
A member of a limited liability company is not liable, solely by reason of being a member, for a debt, obligation, or liability of the limited liability company or a series thereof, whether arising in contract, tort, or otherwise or for the acts or omissions of... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-3/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 3 - Relations of Members to Persons Dealing With Limited Liability Company.›Section 10A-5A-3.02 - Power to Bind Limited L... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 3 - Relations of Members to Persons Dealing With Limited Liability Company. › Section 10A-5A-3.02 - Power to Bind Limited Liability Company. | Section 10A-5A-3.02
Power to bind limited liability company.
No person shall have the power to bind the limited liability company, or a series thereof, except:
(a) to the extent the person is authorized to act as the agent of the limited liability company or a series thereof under or pursuant to the limited liability c... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-4/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 4 - Relations of Members to Each Other and to the Limited Liability Company.›Section 10A-5A-4.01 - Admission of Members. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 4 - Relations of Members to Each Other and to the Limited Liability Company. › Section 10A-5A-4.01 - Admission of Members. | Section 10A-5A-4.01
Admission of members.
(a) The initial member or members of a limited liability company are admitted as a member or members upon the formation of the limited liability company.
(b) After formation of a limited liability company, a person is admitted as a member of the limited liability company:
(1) a... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-4/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 4 - Relations of Members to Each Other and to the Limited Liability Company.›Section 10A-5A-4.02 - Limited Liability Comp... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 4 - Relations of Members to Each Other and to the Limited Liability Company. › Section 10A-5A-4.02 - Limited Liability Company Property. | Section 10A-5A-4.02
Limited liability company property.
A member has no interest in any specific property of a limited liability company or a series thereof.
(Act 2014-144, p. 265, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-4/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 4 - Relations of Members to Each Other and to the Limited Liability Company.›Section 10A-5A-4.03 - Contribution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 4 - Relations of Members to Each Other and to the Limited Liability Company. › Section 10A-5A-4.03 - Contribution. | Section 10A-5A-4.03
Contribution.
A contribution by a member may be made to a limited liability company as agreed upon by the members. A contribution by a member associated with a series may be made to that series as agreed upon by the members associated with that series.
(Act 2014-144, p. 265, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-4/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 4 - Relations of Members to Each Other and to the Limited Liability Company.›Section 10A-5A-4.04 - Liability for Contribu... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 4 - Relations of Members to Each Other and to the Limited Liability Company. › Section 10A-5A-4.04 - Liability for Contribution. | Section 10A-5A-4.04
Liability for contribution.
(a) A member's obligation to make a contribution to a limited liability company, or a series thereof, is not excused by the member's death, disability, or other inability to perform personally. If a member does not make a contribution required by an enforceable promise, t... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-4/section-10a-5a-4-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 4 - Relations of Members to Each Other and to the Limited Liability Company.›Section 10A-5A-4.05 - Sharing of and Right t... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 4 - Relations of Members to Each Other and to the Limited Liability Company. › Section 10A-5A-4.05 - Sharing of and Right to Distributions Before Dissolution. | Section 10A-5A-4.05
Sharing of and right to distributions before dissolution.
(a) (1) All members shall share equally in any distributions made by a limited liability company before its dissolution and winding up.
(2) A member has a right to a distribution before the dissolution and winding up of a limited liability co... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-4/section-10a-5a-4-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 4 - Relations of Members to Each Other and to the Limited Liability Company.›Section 10A-5A-4.06 - Limitation on Distribu... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 4 - Relations of Members to Each Other and to the Limited Liability Company. › Section 10A-5A-4.06 - Limitation on Distributions and Liability for Improper Distributio... | Section 10A-5A-4.06
Limitation on distributions and liability for improper distributions.
(a)(1) A limited liability company shall not make a distribution to a member to the extent that at the time of the distribution, after giving effect to the distribution, all liabilities of the limited liability company, other than... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-4/section-10a-5a-4-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 4 - Relations of Members to Each Other and to the Limited Liability Company.›Section 10A-5A-4.07 - Direction and Oversigh... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 4 - Relations of Members to Each Other and to the Limited Liability Company. › Section 10A-5A-4.07 - Direction and Oversight of the Limited Liability Company. | Section 10A-5A-4.07
Direction and oversight of the limited liability company.
(a) The limited liability company agreement of a limited liability company may provide that the activities and affairs of the limited liability company shall be under the direction, and subject to the oversight, of: (1) its members; (2) one o... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-4/section-10a-5a-4-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 4 - Relations of Members to Each Other and to the Limited Liability Company.›Section 10A-5A-4.08 - Duties of Persons With... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 4 - Relations of Members to Each Other and to the Limited Liability Company. › Section 10A-5A-4.08 - Duties of Persons With Direction and Oversight. | Section 10A-5A-4.08
Duties of persons with direction and oversight.
(a)(1) The duties a person who has the authority to direct and oversee the activities and affairs of a limited liability company owes to the limited liability company and to the members of the limited liability company include the duty of loyalty and t... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-4/section-10a-5a-4-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 4 - Relations of Members to Each Other and to the Limited Liability Company.›Section 10A-5A-4.09 - Records to Be Kept; Ri... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 4 - Relations of Members to Each Other and to the Limited Liability Company. › Section 10A-5A-4.09 - Records to Be Kept; Right of Members and Dissociated Members to In... | Section 10A-5A-4.09
Records to be kept; right of members and dissociated members to information.
Notwithstanding Sections 10A-1-3.32 and 10A-1-3.33:
(a) Each limited liability company shall maintain the following records:
(1) A current list of the full name and last known business or residence street address of each me... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-4/section-10a-5a-4-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 4 - Relations of Members to Each Other and to the Limited Liability Company.›Section 10A-5A-4.10 - Indemnification, Advan... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 4 - Relations of Members to Each Other and to the Limited Liability Company. › Section 10A-5A-4.10 - Indemnification, Advancement, Reimbursement, and Insurance. | Section 10A-5A-4.10
Indemnification, advancement, reimbursement, and insurance.
A limited liability company, or a series thereof, may indemnify and hold harmless a member or other person, pay in advance or reimburse expenses incurred by a member or other person, and purchase and maintain insurance on behalf of a member... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-4/section-10a-5a-4-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 4 - Relations of Members to Each Other and to the Limited Liability Company.›Section 10A-5A-4.11 - Reliance on Reports an... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 4 - Relations of Members to Each Other and to the Limited Liability Company. › Section 10A-5A-4.11 - Reliance on Reports and Information. | Section 10A-5A-4.11
Reliance on reports and information.
A member of a limited liability company shall be fully protected in relying in good faith upon the records of the limited liability company and upon information, opinions, reports, or statements presented by another member or agent of the limited liability compan... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-5/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 5 - Transferable Interests and Rights of Transferees and Creditors.›Section 10A-5A-5.01 - Member's Transferable Interest. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 5 - Transferable Interests and Rights of Transferees and Creditors. › Section 10A-5A-5.01 - Member's Transferable Interest. | Section 10A-5A-5.01
Member's transferable interest.
The only interest of a member that is transferable is the member's transferable interest. A transferable interest is personal property.
(Act 2014-144, p. 265, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-5/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 5 - Transferable Interests and Rights of Transferees and Creditors.›Section 10A-5A-5.02 - Transfer of Transferable Intere... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 5 - Transferable Interests and Rights of Transferees and Creditors. › Section 10A-5A-5.02 - Transfer of Transferable Interest. | Section 10A-5A-5.02
Transfer of transferable interest.
(a) A transfer, in whole or in part, of a transferable interest:
(1) is permissible;
(2)(A) does not by itself cause a member to cease to be a member of the limited liability company; and
(B) does not by itself cause a member to cease to be associated with a series... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-5/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 5 - Transferable Interests and Rights of Transferees and Creditors.›Section 10A-5A-5.03 - Charging Order. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 5 - Transferable Interests and Rights of Transferees and Creditors. › Section 10A-5A-5.03 - Charging Order. | Section 10A-5A-5.03
Charging order.
(a) On application to a court of competent jurisdiction by any judgment creditor of a member or transferee, the court may charge the transferable interest of the judgment debtor with payment of the unsatisfied amount of the judgment with interest. To the extent so charged and after t... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-5/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 5 - Transferable Interests and Rights of Transferees and Creditors.›Section 10A-5A-5.04 - Power of Personal Representativ... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 5 - Transferable Interests and Rights of Transferees and Creditors. › Section 10A-5A-5.04 - Power of Personal Representative of Deceased Member. | Section 10A-5A-5.04
Power of personal representative of deceased member.
If a member dies, the deceased member's personal representative or other legal representative may:
(a) for the period of time that the deceased member's personal representative or other legal representative holds the deceased member's transferable... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-6/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 6 - Member's Dissociation.›Section 10A-5A-6.01 - Member's Power to Dissociate; Wrongful Dissociation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 6 - Member's Dissociation. › Section 10A-5A-6.01 - Member's Power to Dissociate; Wrongful Dissociation. | Section 10A-5A-6.01
Member's power to dissociate; wrongful dissociation.
(a) A person has the power to dissociate as a member.
(b) A person's dissociation from a limited liability company is wrongful only if:
(1) it is in breach of an express provision of the limited liability company agreement;
(2) the person is expel... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-6/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 6 - Member's Dissociation.›Section 10A-5A-6.02 - Event Causing Dissociation. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 6 - Member's Dissociation. › Section 10A-5A-6.02 - Event Causing Dissociation. | Section 10A-5A-6.02
Event causing dissociation.
A person is dissociated as a member from a limited liability company when any of the following occurs:
(a) the limited liability company has notice of the person's express will to dissociate as a member, except that if the person specifies a dissociation date later than t... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-6/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 6 - Member's Dissociation.›Section 10A-5A-6.03 - Effect of Person's Dissociation as a Member. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 6 - Member's Dissociation. › Section 10A-5A-6.03 - Effect of Person's Dissociation as a Member. | Section 10A-5A-6.03
Effect of person's dissociation as a member.
(a) A person who has dissociated as a member shall have no right to participate in the direction and oversight of the activities and affairs of the limited liability company and is entitled only to receive the distributions to which that member would have... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-7/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 7 - Dissolution, Winding Up, and Reinstatement.›Section 10A-5A-7.01 - Events of Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 7 - Dissolution, Winding Up, and Reinstatement. › Section 10A-5A-7.01 - Events of Dissolution. | Section 10A-5A-7.01
Events of dissolution.
A limited liability company is dissolved and its affairs shall be wound up upon the occurrence of the first of the following events:
(a) An event or circumstance that the limited liability company agreement states causes dissolution.
(b) Consent of all members to dissolve.
(c)... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-7/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 7 - Dissolution, Winding Up, and Reinstatement.›Section 10A-5A-7.02 - Effect of Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 7 - Dissolution, Winding Up, and Reinstatement. › Section 10A-5A-7.02 - Effect of Dissolution. | Section 10A-5A-7.02
Effect of dissolution.
(a) A dissolved limited liability company continues its existence as a limited liability company but may not carry on any activities and affairs except as is appropriate to wind up and liquidate its activities and affairs, including:
(1) collecting its assets;
(2) disposing of... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-7/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 7 - Dissolution, Winding Up, and Reinstatement.›Section 10A-5A-7.03 - Right to Wind Up Activities and Affairs. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 7 - Dissolution, Winding Up, and Reinstatement. › Section 10A-5A-7.03 - Right to Wind Up Activities and Affairs. | Section 10A-5A-7.03
Right to wind up activities and affairs.
(a) The person or persons designated in the limited liability company agreement to wind up the activities and affairs of the dissolved limited liability company shall wind up the activities and affairs of the limited liability company in accordance with Secti... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-7/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 7 - Dissolution, Winding Up, and Reinstatement.›Section 10A-5A-7.04 - Known Claims Against Dissolved Limited Liability Co... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 7 - Dissolution, Winding Up, and Reinstatement. › Section 10A-5A-7.04 - Known Claims Against Dissolved Limited Liability Company. | Section 10A-5A-7.04
Known claims against dissolved limited liability company.
(a) A dissolved limited liability company may dispose of any known claims against it by following the procedures described in subsection (b) at any time after the effective date of the dissolution of the limited liability company.
(b) A disso... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-7/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 7 - Dissolution, Winding Up, and Reinstatement.›Section 10A-5A-7.05 - Other Claims Against Dissolved Limited Liability Co... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 7 - Dissolution, Winding Up, and Reinstatement. › Section 10A-5A-7.05 - Other Claims Against Dissolved Limited Liability Company. | Section 10A-5A-7.05
Other claims against dissolved limited liability company.
(a) A dissolved limited liability company may publish notice of its dissolution and request that persons with claims against the dissolved limited liability company present them in accordance with the notice.
(b) The notice authorized by subs... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-7/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 7 - Dissolution, Winding Up, and Reinstatement.›Section 10A-5A-7.06 - Application of Assets in Winding Up Limited Liabili... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 7 - Dissolution, Winding Up, and Reinstatement. › Section 10A-5A-7.06 - Application of Assets in Winding Up Limited Liability Company's Activities and Affairs. | Section 10A-5A-7.06
Application of assets in winding up limited liability company's activities and affairs.
Upon the winding up of a limited liability company, the assets shall be applied as follows:
(a) Payment, or adequate provision for payment, shall be made to creditors, including, to the extent permitted by law, m... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-7/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 7 - Dissolution, Winding Up, and Reinstatement.›Section 10A-5A-7.07 - Reinstatement After Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 7 - Dissolution, Winding Up, and Reinstatement. › Section 10A-5A-7.07 - Reinstatement After Dissolution. | Section 10A-5A-7.07
Reinstatement after dissolution.
A limited liability company that has been dissolved may be reinstated upon compliance with the following conditions:
(a) the consent shall have been obtained from the members or other persons entitled to consent at the time that is:
(1) required for reinstatement und... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-7/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 7 - Dissolution, Winding Up, and Reinstatement.›Section 10A-5A-7.08 - Certificate of Reinstatement. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 7 - Dissolution, Winding Up, and Reinstatement. › Section 10A-5A-7.08 - Certificate of Reinstatement. | Section 10A-5A-7.08
Certificate of reinstatement.
(a) In order to reinstate a limited liability company under this article, a certificate of reinstatement shall be delivered for filing to the Secretary of State which certificate of reinstatement shall have attached thereto a true and complete copy of the limited liabil... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-7/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 7 - Dissolution, Winding Up, and Reinstatement.›Section 10A-5A-7.09 - Limited Liability Company Name Upon Reinstatement. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 7 - Dissolution, Winding Up, and Reinstatement. › Section 10A-5A-7.09 - Limited Liability Company Name Upon Reinstatement. | Section 10A-5A-7.09
Limited liability company name upon reinstatement.
The name of a limited liability company following reinstatement shall be determined as follows:
(a) If the limited liability company remains in the Secretary of State's records as a limited liability company which has not been dissolved, then the na... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-7/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 7 - Dissolution, Winding Up, and Reinstatement.›Section 10A-5A-7.10 - Effect of Reinstatement. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 7 - Dissolution, Winding Up, and Reinstatement. › Section 10A-5A-7.10 - Effect of Reinstatement. | Section 10A-5A-7.10
Effect of reinstatement.
(a) Subject to subsection (b), upon reinstatement, the limited liability company shall be deemed for all purposes to have continued its activities and affairs as if dissolution had never occurred; and each right inuring to, and each debt, obligation, and liability incurred b... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-8/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 8 - Limited Liabilty Companies Performing Professional Services.›Section 10A-5A-8.01 - Special Rules for Limited Liabilit... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 8 - Limited Liabilty Companies Performing Professional Services. › Section 10A-5A-8.01 - Special Rules for Limited Liability Companies Performing Professional Services... | Section 10A-5A-8.01
Special rules for limited liability companies performing professional services.
(a) A limited liability company shall have the power to render professional services if it complies with the rules of the licensing authority for such profession.
(b) Every individual who renders professional services as... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-8/section-10a-5a-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 5A - Alabama Limited Liability Company Law of 2014.›Article 8 - Limited Liabilty Companies Performing Professional Services.›Section 10A-5A-8.02 - Death or Disqualification of Membe... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 8 - Limited Liabilty Companies Performing Professional Services. › Section 10A-5A-8.02 - Death or Disqualification of Member. | Section 10A-5A-8.02
Death or disqualification of member.
(a) In the case of a limited liability company performing professional services, upon the death of a member, upon a member becoming a disqualified person, or upon a transferable interest being transferred by operation of law or court decree to a disqualified pers... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-9/section-10a-5a-9-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 9 - Actions by Members.›Section 10A-5A-9.01 - Direct Action by Members. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 9 - Actions by Members. › Section 10A-5A-9.01 - Direct Action by Members. | Section 10A-5A-9.01
Direct action by members.
(a) Subject to subsection (b), a member may maintain a direct action against another member or members or the limited liability company, or a series thereof, to enforce the member's rights and otherwise protect the member's interests, including rights and interests under th... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-9/section-10a-5a-9-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 9 - Actions by Members.›Section 10A-5A-9.02 - Right of Derivative Action. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 9 - Actions by Members. › Section 10A-5A-9.02 - Right of Derivative Action. | Section 10A-5A-9.02
Right of derivative action.
(a) A member may commence or maintain a derivative action in the right of a limited liability company to enforce a right of the limited liability company by complying with this article.
(b) A member associated with a series of a limited liability company may commence or m... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-9/section-10a-5a-9-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 9 - Actions by Members.›Section 10A-5A-9.03 - Standing. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 9 - Actions by Members. › Section 10A-5A-9.03 - Standing. | Section 10A-5A-9.03
Standing.
(a) A member may commence or maintain a derivative action in the right of the limited liability company only if the member:
(1) fairly and adequately represents the interests of the limited liability company in enforcing the right of the limited liability company; and
(2) either:
(A) was a... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-9/section-10a-5a-9-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 9 - Actions by Members.›Section 10A-5A-9.04 - Demand. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 9 - Actions by Members. › Section 10A-5A-9.04 - Demand. | Section 10A-5A-9.04
Demand.
A member may commence a derivative action in the right of the limited liability company, or a series thereof, if:
(a) the member first makes a written demand upon the limited liability company or the series, as the case may be, to bring an action to enforce the right and the limited liabilit... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-9/section-10a-5a-9-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 9 - Actions by Members.›Section 10A-5A-9.05 - Pleading. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 9 - Actions by Members. › Section 10A-5A-9.05 - Pleading. | Section 10A-5A-9.05
Pleading.
In a derivative action, the complaint must state with particularity:
(a) the date and content of plaintiff's demand and the response by the limited liability company or the series, as the case may be, to the demand; or
(b) why the demand should be excused as futile.
(Act 2014-144, p. 265, ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-9/section-10a-5a-9-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 9 - Actions by Members.›Section 10A-5A-9.06 - Stay of Proceedings. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 9 - Actions by Members. › Section 10A-5A-9.06 - Stay of Proceedings. | Section 10A-5A-9.06
Stay of proceedings.
For the purpose of allowing the limited liability company or the series thereof, as the case may be, time to undertake an inquiry into the allegations made in the demand or complaint commenced pursuant to this article, the court may stay any derivative action for the period the ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-9/section-10a-5a-9-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 9 - Actions by Members.›Section 10A-5A-9.07 - Discontinuance or Settlement. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 9 - Actions by Members. › Section 10A-5A-9.07 - Discontinuance or Settlement. | Section 10A-5A-9.07
Discontinuance or settlement.
A derivative action may not be dismissed or compromised without the approval of the court, and notice of the proposed dismissal or compromise shall be given to members of the limited liability company or the members associated with the series of the limited liability co... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-9/section-10a-5a-9-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 9 - Actions by Members.›Section 10A-5A-9.08 - Proceeds and Expenses. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 9 - Actions by Members. › Section 10A-5A-9.08 - Proceeds and Expenses. | Section 10A-5A-9.08
Proceeds and expenses.
(a) Except as otherwise provided in subsection (b):
(1) any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited liability company or series thereof, as the case may be, and not to the derivative plaintiff; an... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-9/section-10a-5a-9-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 9 - Actions by Members.›Section 10A-5A-9.09 - Applicability to Foreign Limited Liability Companies. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 9 - Actions by Members. › Section 10A-5A-9.09 - Applicability to Foreign Limited Liability Companies. | Section 10A-5A-9.09
Applicability to foreign limited liability companies.
In any derivative action in the right of a foreign limited liability company, or a series thereof, the right of a person to commence or maintain a derivative action in the right of a foreign limited liability company, or a series thereof, and any... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-10/section-10a-5a-10-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 10 - Conversions and Mergers.›Section 10A-5A-10.01 - Conversion. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 10 - Conversions and Mergers. › Section 10A-5A-10.01 - Conversion. | Section 10A-5A-10.01
Conversion.
(a) An organization other than a limited liability company may convert to a limited liability company, and a limited liability company may convert to an organization other than a limited liability company pursuant to this section, Sections 10A-5A-10.02 through 10A-5A-10.03, and a plan o... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-10/section-10a-5a-10-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 10 - Conversions and Mergers.›Section 10A-5A-10.02 - Action on Plan of Conversion by Converting Limited Liability Company... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 10 - Conversions and Mergers. › Section 10A-5A-10.02 - Action on Plan of Conversion by Converting Limited Liability Company. | Section 10A-5A-10.02
Action on plan of conversion by converting limited liability company.
(a) Subject to Section 10A-5A-10.09, a plan of conversion must be consented to by all the members of a converting limited liability company.
(b) Subject to Section 10A-5A-10.09 and any contractual rights, after a conversion is ap... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-10/section-10a-5a-10-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 10 - Conversions and Mergers.›Section 10A-5A-10.03 - Filings Required for Conversion; Effective Date. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 10 - Conversions and Mergers. › Section 10A-5A-10.03 - Filings Required for Conversion; Effective Date. | Section 10A-5A-10.03
Filings required for conversion; effective date.
(a) After a plan of conversion is approved:
(1) if the converting organization is an organization formed under, or its internal affairs are governed by, the laws of this state, the converting organization shall file a statement of conversion in accor... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-10/section-10a-5a-10-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 10 - Conversions and Mergers.›Section 10A-5A-10.04 - Effect of Conversion. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 10 - Conversions and Mergers. › Section 10A-5A-10.04 - Effect of Conversion. | Section 10A-5A-10.04
Effect of conversion.
(a) When a conversion takes effect:
(1) all property and contract rights owned by the converting organization, or series thereof, remains vested in the converted organization without transfer, reversion, or impairment and the title to any property vested by deed or otherwise i... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-10/section-10a-5a-10-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 10 - Conversions and Mergers.›Section 10A-5A-10.05 - Merger. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 10 - Conversions and Mergers. › Section 10A-5A-10.05 - Merger. | Section 10A-5A-10.05
Merger.
(a) A limited liability company may merge with one or more other constituent organizations pursuant to this section, Sections 10A-5A-10.06 through 10A-5A-10.08, and a plan of merger, if:
(1) the governing statute of each of the other organizations authorizes the merger;
(2) the merger is no... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-10/section-10a-5a-10-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 10 - Conversions and Mergers.›Section 10A-5A-10.06 - Action on Plan of Merger by Constituent Limited Liability Company. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 10 - Conversions and Mergers. › Section 10A-5A-10.06 - Action on Plan of Merger by Constituent Limited Liability Company. | Section 10A-5A-10.06
Action on plan of merger by constituent limited liability company.
(a) Subject to Section 10A-5A-10.09, a plan of merger must be consented to by all the members of a constituent limited liability company.
(b) Subject to Section 10A-5A-10.09 and any contractual rights, after a merger is approved, an... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-10/section-10a-5a-10-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 10 - Conversions and Mergers.›Section 10A-5A-10.07 - Filings Required for Merger; Effective Date. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 10 - Conversions and Mergers. › Section 10A-5A-10.07 - Filings Required for Merger; Effective Date. | Section 10A-5A-10.07
Filings required for merger; effective date.
(a) After each constituent organization has approved the plan of merger, a statement of merger must be signed on behalf of:
(1) each constituent limited liability company, as provided in Section 10A-5A-2.04(a); and
(2) each other constituent organization... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-10/section-10a-5a-10-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 10 - Conversions and Mergers.›Section 10A-5A-10.08 - Effect of Merger. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 10 - Conversions and Mergers. › Section 10A-5A-10.08 - Effect of Merger. | Section 10A-5A-10.08
Effect of merger.
(a) When a merger becomes effective:
(1) the surviving organization continues or, in the case of a surviving organization created pursuant to the merger, comes into existence;
(2) each constituent organization that merges into the surviving organization ceases to exist as a separa... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-10/section-10a-5a-10-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 10 - Conversions and Mergers.›Section 10A-5A-10.09 - Restrictions on Approval of Mergers and Conversions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 10 - Conversions and Mergers. › Section 10A-5A-10.09 - Restrictions on Approval of Mergers and Conversions. | Section 10A-5A-10.09
Restrictions on approval of mergers and conversions.
(a) If a member of a converting or constituent limited liability company will have personal liability with respect to a converted or surviving organization, approval and amendment of a plan of conversion or plan of merger are ineffective without ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-10/section-10a-5a-10-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 10 - Conversions and Mergers.›Section 10A-5A-10.10 - Article Not Exclusive. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 10 - Conversions and Mergers. › Section 10A-5A-10.10 - Article Not Exclusive. | Section 10A-5A-10.10
Article not exclusive.
This article is not exclusive. This article does not preclude an entity from being converted or merged under law other than this chapter.
(Act 2014-144, p. 265, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.01 - Series of Assets. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.01 - Series of Assets. | Section 10A-5A-11.01
Series of assets.
(a) If a limited liability company complies with Section 10A-5A-11.02, a limited liability company agreement may establish or provide for the establishment of one or more designated series of assets that:
(1) has separate rights, powers, or duties with respect to specified propert... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.02 - Enforceability of Obligations and Expenses of Series Against Assets. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.02 - Enforceability of Obligations and Expenses of Series Against Assets. | Section 10A-5A-11.02
Enforceability of obligations and expenses of series against assets.
(a) Subject to subsection (b):
(1) the debts, liabilities, obligations, and expenses incurred, contracted for, or otherwise existing with respect to a series shall be enforceable against the assets of that series only, and shall n... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.03 - Assets of Series. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.03 - Assets of Series. | Section 10A-5A-11.03
Assets of series.
(a) Assets of a series may be held directly or indirectly, including being held in the name of the series or in the name of the limited liability company.
(b) If the records of a series are maintained in a manner so that the assets of the series can be reasonably identified by spe... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.04 - Statement of Limitation on Liabilities of Series. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.04 - Statement of Limitation on Liabilities of Series. | Section 10A-5A-11.04
Statement of limitation on liabilities of series.
The statement of limitation on liabilities of a series required by Section 10A-5A-11.02(b)(3) is sufficient regardless of whether:
(a) the limited liability company has established any series under this chapter when the statement of limitations is c... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.05 - Member's Power to Dissociate as a Member Associated With a Series; Wrongfu... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.05 - Member's Power to Dissociate as a Member Associated With a Series; Wrongful Dissociation. | Section 10A-5A-11.05
Member's power to dissociate as a member associated with a series; wrongful dissociation.
(a) A person has the power to dissociate as a member associated with a series.
(b) A person's dissociation from a series is wrongful only if:
(1) it is in breach of an express provision of the limited liabilit... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.06 - Event Causing Dissociation of a Member Associated With a Series. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.06 - Event Causing Dissociation of a Member Associated With a Series. | Section 10A-5A-11.06
Event causing dissociation of a member associated with a series.
A person is dissociated as a member associated with a series when any of the following occurs:
(a) the series has notice of the person's express will to dissociate from the series, except if the person specifies a dissociation date la... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.07 - Effect of Person's Dissociation as a Member. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.07 - Effect of Person's Dissociation as a Member. | Section 10A-5A-11.07
Effect of person's dissociation as a member.
(a) A person who has dissociated as a member associated with a series shall have no right to participate in the direction and oversight of the activities and affairs of that series and is entitled only to receive the distributions to which that member wo... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-08/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.08 - Dissolution and Winding Up of Series. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.08 - Dissolution and Winding Up of Series. | Section 10A-5A-11.08
Dissolution and winding up of series.
A series may be dissolved and its activities and affairs may be wound up without causing the dissolution of the limited liability company. The dissolution and winding up of a series does not abate, suspend, or otherwise affect the limitation on liabilities of t... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-09/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.09 - Event Requiring Dissolution. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.09 - Event Requiring Dissolution. | Section 10A-5A-11.09
Event requiring dissolution.
A series is dissolved and its activities and affairs shall be wound up upon the first to occur of the following:
(a) the dissolution of the limited liability company under Section 10A-5A-7.01;
(b) an event or circumstance that the limited liability company agreement sta... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.10 - Effect of Dissolution of Series. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.10 - Effect of Dissolution of Series. | Section 10A-5A-11.10
Effect of dissolution of series.
(a) A dissolved series continues its existence as a series but may not carry on any activities and affairs except as is appropriate to wind up and liquidate its activities and affairs, including:
(1) collecting the assets of the series;
(2) disposing of the properti... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.11 - Right to Wind Up Activities and Affairs of Series. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.11 - Right to Wind Up Activities and Affairs of Series. | Section 10A-5A-11.11
Right to wind up activities and affairs of series.
(a) The person or persons designated in the limited liability company agreement to wind up the activities and affairs of the dissolved series shall wind up the activities and affairs of the dissolved series in accordance with Section 10A-5A-11.10. ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.12 - Known Claims Against Dissolved Series. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.12 - Known Claims Against Dissolved Series. | Section 10A-5A-11.12
Known claims against dissolved series.
(a) A dissolved series may dispose of any known claims against it by following the procedures described in subsection (b), at any time after the effective date of the dissolution of the series.
(b) A dissolved series may give notice of the dissolution in a wri... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.13 - Other Claims Against Dissolved Series. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.13 - Other Claims Against Dissolved Series. | Section 10A-5A-11.13
Other claims against dissolved series.
(a) A dissolved series may publish notice of its dissolution and request that persons with claims against the dissolved series present them in accordance with the notice.
(b) The notice authorized by subsection (a) must:
(1) be published at least one time in a... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.14 - Application of Assets in Winding Up Series' Activities and Affairs. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.14 - Application of Assets in Winding Up Series' Activities and Affairs. | Section 10A-5A-11.14
Application of assets in winding up series' activities and affairs.
Upon the winding up of a series, the assets of the series shall be applied as follows:
(a) Payment, or adequate provision for payment, shall be made to creditors of the series, including, to the extent permitted by law, members who... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.15 - Reinstatement After Dissolution of a Series. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.15 - Reinstatement After Dissolution of a Series. | Section 10A-5A-11.15
Reinstatement after dissolution of a series.
A series that has been dissolved may be reinstated upon compliance with the following conditions:
(a) the consent shall have been obtained from the members or other persons associated with the series entitled to consent at the time that is:
(1) required ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-11/section-10a-5a-11-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 11 - Series Provisions.›Section 10A-5A-11.16 - Effect of Reinstatement. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 11 - Series Provisions. › Section 10A-5A-11.16 - Effect of Reinstatement. | Section 10A-5A-11.16
Effect of reinstatement.
(a) Subject to subsection (b), upon reinstatement, a series shall be deemed for all purposes to have continued its activities and affairs as if dissolution had never occurred; each right inuring to, and each debt, obligation, and liability incurred by, the series after the ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-12/section-10a-5a-12-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 12 - Transition Rules; Miscellaneous Provisions.›Section 10A-5A-12.01 - Application to Existing Relationships. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 12 - Transition Rules; Miscellaneous Provisions. › Section 10A-5A-12.01 - Application to Existing Relationships. | Section 10A-5A-12.01
Application to existing relationships.
(a) Before January 1, 2017, this chapter governs only:
(1) a limited liability company formed on or after January 1, 2015; and
(2) except as otherwise provided in subsection (c), a limited liability company formed before January 1, 2015, which elects, in the m... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-12/section-10a-5a-12-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 12 - Transition Rules; Miscellaneous Provisions.›Section 10A-5A-12.02 - Relation to Electronic Signatures in Global and N... | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 12 - Transition Rules; Miscellaneous Provisions. › Section 10A-5A-12.02 - Relation to Electronic Signatures in Global and National Commerce Act. | Section 10A-5A-12.02
Relation to electronic signatures in global and national commerce act.
This chapter modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but does not modify, limit, or supersede Section 101(c) of that act, 15 U.S.C. ... |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-12/section-10a-5a-12-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 12 - Transition Rules; Miscellaneous Provisions.›Section 10A-5A-12.03 - Interstate Application. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 12 - Transition Rules; Miscellaneous Provisions. › Section 10A-5A-12.03 - Interstate Application. | Section 10A-5A-12.03
Interstate application.
A limited liability company formed and existing under this chapter may conduct its activities and affairs, carry on its operations, and have and exercise the powers granted by this chapter in any state, foreign country, or other jurisdiction.
(Act 2014-144, p. 265, §1.) |
https://law.justia.com/codes/alabama/title-10a/chapter-5a/article-12/section-10a-5a-12-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 5A - Alabama Limited Liability Company Law of 2014.›Article 12 - Transition Rules; Miscellaneous Provisions.›Section 10A-5A-12.04 - Savings Clause. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 5A - Alabama Limited Liability Company Law of 2014. › Article 12 - Transition Rules; Miscellaneous Provisions. › Section 10A-5A-12.04 - Savings Clause. | Section 10A-5A-12.04
Savings clause.
(a) Except as provided in subsection (b), the repeal of a statute by this chapter does not affect:
(1) the operation of the statute or any action taken under it before its repeal;
(2) any ratification, right, remedy, privilege, obligation, or liability acquired, accrued, or incurred... |
https://law.justia.com/codes/alabama/title-10a/chapter-8/article-1/section-10a-8-1-01/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 8 - General Partnerships.›Article 1 - General Provisions.›Section 10A-8-1.01 - Short Title. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 8 - General Partnerships. › Article 1 - General Provisions. › Section 10A-8-1.01 - Short Title. | Section 10A-8-1.01
Short title.
REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-125 EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(Acts 1996, No. 96-528, p. 685, §1; §10-8A-1102; amended and renumbered by Act 2009-513, p. 967, §248.) |
https://law.justia.com/codes/alabama/title-10a/chapter-8/article-1/section-10a-8-1-02/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 8 - General Partnerships.›Article 1 - General Provisions.›Section 10A-8-1.02 - Definitions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 8 - General Partnerships. › Article 1 - General Provisions. › Section 10A-8-1.02 - Definitions. | Section 10A-8-1.02
Definitions.
REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-125 EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(Acts 1996, No. 96-528, p. 685, §1; §10-8A-101; amended and renumbered by Act 2009-513, p. 967, §248.) |
https://law.justia.com/codes/alabama/title-10a/chapter-8/article-1/section-10a-8-1-03/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 8 - General Partnerships.›Article 1 - General Provisions.›Section 10A-8-1.03 - Knowledge and Notice. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 8 - General Partnerships. › Article 1 - General Provisions. › Section 10A-8-1.03 - Knowledge and Notice. | Section 10A-8-1.03
Knowledge and notice.
REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-125 EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(Acts 1996, No. 96-528, p. 685, §1; §10-8A-102; amended and renumbered by Act 2009-513, p. 967, §248.) |
https://law.justia.com/codes/alabama/title-10a/chapter-8/article-1/section-10a-8-1-04/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 8 - General Partnerships.›Article 1 - General Provisions.›Section 10A-8-1.04 - Effect of Partnership Agreement; Nonwaivable Provisions. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 8 - General Partnerships. › Article 1 - General Provisions. › Section 10A-8-1.04 - Effect of Partnership Agreement; Nonwaivable Provisions. | Section 10A-8-1.04
Effect of partnership agreement; nonwaivable provisions.
REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-125 EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(Acts 1996, No. 96-528, p. 685, §1; §10-8A-103; amended and renumbered by Act 2009-513, p. 967, §248.) |
https://law.justia.com/codes/alabama/title-10a/chapter-8/article-1/section-10a-8-1-05/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 8 - General Partnerships.›Article 1 - General Provisions.›Section 10A-8-1.05 - Supplemental Principles of Law. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 8 - General Partnerships. › Article 1 - General Provisions. › Section 10A-8-1.05 - Supplemental Principles of Law. | Section 10A-8-1.05
Supplemental principles of law.
REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-125 EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(Acts 1996, No. 96-528, p. 685, §1; §10-8A-104; amended and renumbered by Act 2009-513, p. 967, §248.) |
https://law.justia.com/codes/alabama/title-10a/chapter-8/article-1/section-10a-8-1-06/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 8 - General Partnerships.›Article 1 - General Provisions.›Section 10A-8-1.06 - Execution, Filing, and Recording of Statements. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 8 - General Partnerships. › Article 1 - General Provisions. › Section 10A-8-1.06 - Execution, Filing, and Recording of Statements. | Section 10A-8-1.06
Execution, filing, and recording of statements.
REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-125 EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(Acts 1996, No. 96-528, p. 685, §1; §10-8A-105; amended and renumbered by Act 2009-513, p. 967, §248.) |
https://law.justia.com/codes/alabama/title-10a/chapter-8/article-1/section-10a-8-1-07/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 10A - Alabama Business and Nonprofit Entities Code.›Chapter 8 - General Partnerships.›Article 1 - General Provisions.›Section 10A-8-1.07 - Law Governing Internal Relations. | 2023 Code of Alabama › Title 10A - Alabama Business and Nonprofit Entities Code. › Chapter 8 - General Partnerships. › Article 1 - General Provisions. › Section 10A-8-1.07 - Law Governing Internal Relations. | Section 10A-8-1.07
Law governing internal relations.
REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-125 EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(Acts 1996, No. 96-528, p. 685, §1; §10-8A-106; amended and renumbered by Act 2009-513, p. 967, §248.) |
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