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Alabama Code (Last Updated: November 28, 2014) |
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Title10A ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE. |
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Chapter1. GENERAL PROVISIONS. |
| Article 1. Definitions and Other General Provisions. |
| Division A. Definitions, Applicability, and Purpose. |
| § 10A-1-1.01. Short title. |
| § 10A-1-1.02. Applicability of chapter. |
| § 10A-1-1.03. Definitions. |
| § 10A-1-1.04. Disinterested person. |
| § 10A-1-1.05. Conspicuous information. |
| § 10A-1-1.06. Synonymous terms. |
| § 10A-1-1.07. Signing of document or other writing. |
| § 10A-1-1.08. Short titles. |
| § 10A-1-1.09. Reference in law to statute revised by title. |
| § 10A-1-1.10. Reservation of power. |
| Division B. Determination of Applicable Law. |
| § 10A-1-1.11. Law governing filing entities. |
| § 10A-1-1.12. Entities not formed by filing instrument. |
| § 10A-1-1.13. Internal affairs. |
| Article 2. Purposes and Powers of Domestic Entity. |
| Division A. Purposes of Domestic Entity. |
| § 10A-1-2.01. General scope of permissible purposes. |
| § 10A-1-2.02. Prohibited purposes. |
| § 10A-1-2.03. Limitation on purposes of professional entity. |
| § 10A-1-2.04. Limitation in governing documents. |
| Division B. Powers of Domestic Entity. |
| § 10A-1-2.11. General powers. |
| § 10A-1-2.12. Consideration for indebtedness. |
| § 10A-1-2.13. Power to make guaranties. |
| § 10A-1-2.14. Stated powers in division sufficient. |
| § 10A-1-2.15. Limitation on powers. |
| § 10A-1-2.16. Certificated indebtedness; manner of issuance; signature and seal. |
| § 10A-1-2.17. Business transactions of owner with entity. |
| Article 3. Formation and Governance. |
| Division A. Formation, Existence, and Certificate. |
| § 10A-1-3.01. Formation and existence of filing entities. |
| § 10A-1-3.02. Formation and existence of nonfiling entities. |
| § 10A-1-3.03. Duration. |
| § 10A-1-3.04. Execution of certificate of formation. |
| § 10A-1-3.05. Certificate of formation. |
| § 10A-1-3.06. Filings in case of merger or conversion. |
| Division B. Amendments and Restatements of Certificate of Formation. |
| § 10A-1-3.11. Right to amend certificate of formation. |
| § 10A-1-3.12. Procedures to amend certificate of formation. |
| § 10A-1-3.13. Certificate of amendment. |
| § 10A-1-3.14. Effect of filing certificate of amendment. |
| § 10A-1-3.15. Right to restate certificate of formation. |
| § 10A-1-3.16. Procedures to restate certificate of formation. |
| § 10A-1-3.17. Restated certificate of formation. |
| § 10A-1-3.18. Effect of filing of restated certificate of formation. |
| Division C. Governing Persons and Officers. |
| § 10A-1-3.21. Rights of governing persons in certain cases. |
| § 10A-1-3.22. Officers. |
| § 10A-1-3.23. Removal of officers. |
| § 10A-1-3.24. Rights of officers in certain cases. |
| Division D. Recordkeeping. |
| § 10A-1-3.31. Books and records for domestic entities. |
| § 10A-1-3.32. Right of examination by owner or member of a filing entity other than a corporation, professional corporation, or real estate investment trust. |
| § 10A-1-3.33. Governing person's right of inspection. |
| Division E. Certificates Representing Ownership Interest. |
| § 10A-1-3.41. Certificated or uncertificated ownership interest. |
| § 10A-1-3.42. Form and validity of certificates; enforcement of entity's rights. |
| § 10A-1-3.43. Signature requirement. |
| § 10A-1-3.44. Delivery requirement. |
| § 10A-1-3.45. Notice for uncertificated ownership interest. |
| Article 4. Filings. |
| Division A. General Provisions. |
| § 10A-1-4.01. Signature and delivery; execution by judicial act. |
| § 10A-1-4.02. Place of filing and filing duties of judge of probate and Secretary of State. |
| § 10A-1-4.03. Time for filing. |
| § 10A-1-4.04. Certificates and certified copies. |
| § 10A-1-4.05. Forms adopted by Secretary of State. |
| § 10A-1-4.06. Powers of judge of probate and Secretary of State. |
| Division B. When Filings Take Effect. |
| § 10A-1-4.11. General rule. |
| § 10A-1-4.12. Delayed effectiveness of certain filings. |
| § 10A-1-4.13. Abandonment before effectiveness. |
| § 10A-1-4.14. Delayed effectiveness not permitted. |
| § 10A-1-4.15. Acknowledgement of filing with delayed effectiveness. |
| Division C. Correction and Amendment. |
| § 10A-1-4.21. Corrections of filings. |
| § 10A-1-4.22. Limitation on correction of filings. |
| § 10A-1-4.23. Certificate of correction. |
| § 10A-1-4.24. Filing certificate of correction. |
| § 10A-1-4.25. Effect of certificate of correction. |
| § 10A-1-4.26. Amendment of filings. |
| Division D. Filing Fees. |
| § 10A-1-4.31. Filing fees; all entities. |
| Article 5. Names of Entities; Registered Agents and Registered Officers. |
| Division A. General Provisions. |
| § 10A-1-5.01. Effect on rights under other law. |
| § 10A-1-5.02. Unauthorized purpose in name prohibited. |
| § 10A-1-5.03. Names prohibited. |
| § 10A-1-5.04. Name of corporation or foreign corporation. |
| § 10A-1-5.05. Name of limited partnership or foreign limited partnership. |
| § 10A-1-5.06. Name of limited liability company or foreign limited liability company. |
| § 10A-1-5.07. Name of registered limited liability partnership. |
| § 10A-1-5.08. Name of professional corporation. |
| § 10A-1-5.09. Name of professional entity; conflict with other law or ethical rule. |
| Division B. Reservation of Names. |
| § 10A-1-5.11. Application for reservation of name. |
| § 10A-1-5.12. Reservation of certain names prohibited; exceptions. |
| § 10A-1-5.13. Action on application. |
| § 10A-1-5.14. Duration of reservation of name. |
| § 10A-1-5.15. Renewal of reservation. |
| § 10A-1-5.16. Transfer of reservation of name. |
| Division C. Registration of Names. |
| § 10A-1-5.21. Application by certain entities for registration of name. |
| § 10A-1-5.22. Application for registration of name. |
| § 10A-1-5.23. Certain registrations prohibited; exceptions. |
| § 10A-1-5.24. Duration of registration of name. |
| § 10A-1-5.25. Renewal of registration; rights with respect to registered name. |
| Division D. Registered Agents and Registered Offices; Service of Process. |
| § 10A-1-5.31. Designation and maintenance of registered agent and registered office. |
| § 10A-1-5.32. Change by entity of registered office or registered agent. |
| § 10A-1-5.33. Change by registered agent of name or address of registered agent. |
| § 10A-1-5.34. Resignation of registered agent. |
| § 10A-1-5.35. Failure to designate and maintain registered agent. |
| § 10A-1-5.36. Method of service on entity not exclusive. |
| Article 6. Indemnification and Insurance. |
| Division A. General Provisions. |
| § 10A-1-6.01. Definitions. |
| § 10A-1-6.02. Application of article. |
| Division B. Mandatory and Court Ordered Indemnification. |
| § 10A-1-6.11. Mandatory indemnification. |
| § 10A-1-6.12. Court-ordered indemnification. |
| § 10A-1-6.13. Limitations in governing documents. |
| Division C. Permissive Indemnification and Advancement of Expenses. |
| § 10A-1-6.21. Permissive indemnification. |
| § 10A-1-6.22. General scope of permissive indemnification. |
| § 10A-1-6.23. Manner for determining permissive indemnification. |
| § 10A-1-6.24. Advancement of expenses. |
| § 10A-1-6.25. Indemnification and advancement of expenses to persons other than governing persons. |
| § 10A-1-6.26. Permissive indemnification of and reimbursement of expenses to witnesses. |
| Division D. Liability Insurance; Reporting Requirements. |
| § 10A-1-6.31. Insurance and other arrangements. |
| § 10A-1-6.32. Reports of indemnification and advances. |
| Article 7. Foreign Entities. |
| Division A. Registration. |
| § 10A-1-7.01. Foreign entities required to register. |
| § 10A-1-7.02. Foreign entities not required to register. |
| § 10A-1-7.03. Permissive registration. |
| § 10A-1-7.04. Registration procedure. |
| § 10A-1-7.05. Effect of registration. |
| § 10A-1-7.06. Amendments to registration. |
| § 10A-1-7.07. Entity name. |
| Division B. Withdrawal. |
| § 10A-1-7.11. Voluntary withdrawal of registration. |
| § 10A-1-7.12. Grounds for revocation. |
| § 10A-1-7.13. Procedure for and effect of revocation. |
| § 10A-1-7.14. Appeal from revocation. |
| Division C. Consequences of Transacting Business without Registering. |
| § 10A-1-7.21. Transaction of business without registration; generally. |
| § 10A-1-7.22. Transaction of business without registration; actions to restrain. |
| § 10A-1-7.23. Late filing fee. |
| § 10A-1-7.24. Requirements of other law. |
| Division D. Business, Rights, and Obligations. |
| § 10A-1-7.31. Business of foreign entity. |
| § 10A-1-7.32. Rights and privileges. |
| § 10A-1-7.33. Obligations and liabilities. |
| § 10A-1-7.34. Right of foreign filing entity to participate in the business of certain domestic entities. |
| § 10A-1-7.35. Out of state business or property of foreign entity not subject to control or regulation. |
| § 10A-1-7.36. Right of eminent domain. |
| § 10A-1-7.37. Extension of lines, tracks, ways, or works into state. |
| Division E. Miscellaneous Provisions. |
| § 10A-1-7.41. Applicability of this title to certain foreign entities. |
| Article 8. Conversions and Mergers. |
| § 10A-1-8.01. Conversion of business and nonprofit entities. |
| § 10A-1-8.02. Mergers of entities. |
| § 10A-1-8.03. Nonexclusive application of article. |
| § 10A-1-8.04. Merger with or conversion from a foreign entity. |
| Article 9. Winding Up and Termination of Domestic Entity. |
| Division A. General Provisions. |
| § 10A-1-9.01. Definitions. |
| Division B. Winding Up of Domestic Entity. |
| § 10A-1-9.11. Event requiring winding up of domestic entity. |
| § 10A-1-9.12. Winding up procedures. |
| Division C. Provisions for Known and Unknown Claims. |
| § 10A-1-9.21. Known claims against dissolved domestic entity. |
| § 10A-1-9.22. Unknown claims against dissolved domestic entity. |
| Division D. Revocation and Reinstatement. |
| § 10A-1-9.31. Revocation of voluntary winding up. |
| § 10A-1-9.32. Reinstatement. |