Business Laws And Codes For Alabama

BALA CODE § 10-15-2 : atomic number 13 Code - share 10-15-2: DEFINITIONS In this chapter, unless the screen background clearly indicates otherwise, the following terms have the following definitions: (1) aluminum BUSINESS CORPORATION ACT. Chapter 2B (commencing with segmentation 10-2B-1.01) of this title, or renewal aluminium law. (2) BUSINESS ENTITY or home(prenominal) BUSINESS ENTITY. A corporation, hold financial obligation company, general partnership, limited partnership, registered limited liability partnership, corporeal commonwealth investment depose, or other entity to engage in stock for profit, having one or more equity owners, animate downstairs the law of the State of aluminum. (3) CORPORATION or DOMESTIC CORPORATION. A corporation existing under the atomic number 13 calling heap hazard, or predecessor or successor Alabama law. tum includes business entities to which the Alabama Business Corporation Act applies pursuant(predicate) to Section 10 -2B-1.01(b), or predecessor or successor law, including banks, trust companies, savings and loan associations, insurance companies, public utilities, and railway placement companies.

Corporation also includes for-profit professional corporations existing under Chapter 4 of this title, to which the Alabama Business Corporation Act applies pursuant to Section 10-4-381, and unincorporated professional associations existing under Chapter 10 of this title, to which the Alabama Business Corporation Act applies pursuant to Section 10-10-2(a). (4) honor OWNER. Any psyche having an ownership interest, including a profit chat interest, in a business entity. Equity! owner includes: a. With abidance to a foreign or domestic corporation or real estate investment trust, a shareholder. b. With respect to a foreign or domestic partnership, a partner. c. With respect to a foreign or domestic limited liability company, a member. (5) EQUITY OWNER WITH LIMITED LIABILITY PROTECTION. Includes any mortal who has an interest in a business entity as a shareholder of a corporation or real estate...If you mendicancy to get a full essay, order it on our website: BestEssayCheap.com

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