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10-8-71
Section 10-8-71 (Repealed effective January 1, 2001) Property rights of partners. Repealed
by Acts 1996, No. 96-528, p. 685, §1, effective January 1, 2001. (Acts 1971, No. 1513, p.
2609, §24.)...
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10-8-97
Section 10-8-97 (Repealed effective January 1, 2001) Rights of partners regarding partnership
property. Repealed by Acts 1996, No. 96-528, p. 685, §1, effective January 1, 2001. (Acts
1971, No. 1513, p. 2609, §38.)...
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10-8-103
Section 10-8-103 (Repealed effective January 1, 2001) Rights of retiring partners or estate
of deceased partners. Repealed by Acts 1996, No. 96-528, p. 685, §1, effective January 1,
2001. (Acts 1971, No. 1513, p. 2609, §42.)...
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10-8-43
Section 10-8-43 (Repealed effective January 1, 2001) Rights and duties of partners. Repealed
by Acts 1996, No. 96-528, p. 685, §1, effective January 1, 2001. (Acts 1971, No. 1513, p.
2609, §18.)...
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10A-5-6.04
Section 10A-5-6.04 Death or incompetency of member. REPEALED IN THE 2014 REGULAR SESSION BY
ACT 2014-144 EFFECTIVE JANUARY 1, 2017. (a) Except as otherwise provided in the governing
documents: (1) If a member who is an individual dies or if a court of competent jurisdiction
adjudges a member to be incompetent to manage the member's person or property, the member's
personal representative, conservator, legal representative, heirs, or legatees may exercise
all the member's financial rights for the purpose of settling the member's estate or administering
the member's property, including any power the member had to transfer the membership interest.
(2) If a member is a corporation, limited liability company, trust, general partnership, limited
partnership, registered limited liability partnership, custodianship, or other entity and
is dissolved or terminated, the financial rights of that member may be exercised by the legal
representative or successor of that member. (b) The personal...
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10A-5-9.03
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 REPEALED IN THE 2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017.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 powers of each of the domestic limited liability companies
and other business entities that have merged, and all property, real, personal, and mixed,
and all debts due to any of the domestic limited liability companies and other business entities,
as well as all other things and causes of action belonging to each of the domestic limited
liability companies and other business entities, shall be vested in the surviving or resulting
domestic limited liability company or other business entity, and shall thereafter be the property
of the surviving or resulting domestic limited liability company or other business entity
as they were of each of the domestic limited liability...
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10-12-56
Section 10-12-56 Vesting of certain rights, privileges, powers, property, liabilities and duties.
All provisions of Title 10 have been repealed or transferred to Title 10A, effective January
1, 2011. (Acts 1993, No. 93-724, p. 1425, §56.)...
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10A-2-2.08
Section 10A-2-2.08 Incorporation by purchasers of property or franchise of corporation. REPEALED
IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. The purchaser or purchasers at any sale, public or private, of the property
or franchises of any corporation, if not a corporation authorized by the laws of this state
to purchase and hold the property of the corporation, may, within 30 days after the sale and
conveyance, become incorporated under this chapter and the purchaser or purchasers may associate
with himself or herself or themselves the requisite number of other persons to become incorporated.
Upon the organization of the corporation and the conveyance to it of the property and franchises
of the corporation by the purchaser or purchasers, the corporation shall become, and be entitled
to, and shall have, hold and enjoy, all property rights and franchises. (Acts 1994, No. 94-245,
p. 343, §1; §10-2B-2.08; amended and...
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10A-2-7.32
Section 10A-2-7.32 Shareholder agreements. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94
EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) An agreement among
the shareholders of a corporation that complies with this section is effective among the shareholders
and the corporation even though it is inconsistent with one or more provisions of this chapter
in that it: (1) Eliminates the authority of the board of directors or restricts the discretion
or powers of the board of directors; (2) Governs the authorization or making of distributions
whether or not in proportion to ownership of shares, subject to the limitations in Section
10A-2-6.40; (3) Establishes who shall be directors or officers of the corporation, or their
terms of office or manner of selection or removal; (4) Governs, in general or in regard to
specific matters, the exercise or division of voting power by or between the shareholders
and directors or by or among any of them, including use of...
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10A-5-5.04
Section 10A-5-5.04 Interim distributions of property; impairment of capital. REPEALED IN THE
2014 REGULAR SESSION BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017. (a) Except as provided in
this section or in the operating agreement, members are entitled to receive distributions
from the limited liability company in proportion to their respective rights to share in profits
under Section 10A-5-5.03. (b) Subsection (a) shall not apply to any of the following: (1)
Distributions on dissolution. (2) Distributions governed by a contrary provision in the operating
agreement. (c) No distribution may be made unless, after the distribution is made, the assets
of the limited liability company are sufficient to pay all liabilities of the limited liability
company except liabilities to members on account of their contributions. (d) Unless otherwise
provided in the operating agreement, a member has no right to receive and may not be required
to accept a distribution in kind. (Acts 1993, No. 93-724, p....
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