10A-2A-18.02
Section 10A-2A-18.02 Application to existing foreign corporations. A foreign corporation
registered or authorized to transact business in this state on January 1, 2020, is subject
to this chapter and is deemed to be registered to transact business in this state, and is
not required to renew its registration to transact business under Article 7, commencing with
Section 10A-1-7.01, of Chapter 1, except as Article 7, commencing with Section
10A-1-7.01, of Chapter 1 requires. (Act 2019-94, §1; §10A-2A-17.02; amended and renumbered
by Act 2020-73, §9.)...
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10A-30-2.02
Section 10A-30-2.02 "Close corporation" defined; contents of certificate of
formation; number of shareholders; applicable to corporations formed as close corporations
or electing close corporation status prior to January 1, 1995. (a) A close corporation is
a corporation organized under former Chapter 2A of former Title 10 whose certificate of formation
contains the provisions required by former Section 10-2A-91 or a successor statute,
including Section 10A-2-2.02 and, in addition, provide that: (1) The corporation is
a close corporation authorized by this article; (2) All of the issued shares of all classes
shall be subject to one or more of the restrictions on transfer permitted by former Section
10-2A-41 or a successor statute, including Section 10A-2-6.27; and (3) For purposes
of determining the number of holders of record of the stock of a close corporation, stock
which is held in joint or common tenancy or by the entireties shall be treated as held by
one shareholder. (b) The...
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5-17-3
Section 5-17-3 Use of words "credit union" in name or title. It shall be a
misdemeanor for any person, association, copartnership, or corporation, except corporations
organized in accordance with the provisions of this chapter, credit unions incorporated under
the laws of the United States, the trade associations of credit unions doing business in this
state, and other organizations as approved by the administrator, to use the words "credit
union" in their name, title, or in advertising. A credit union organized under the provisions
of this chapter shall include in its corporate name or title the words "credit union."
Any violation of this prohibition shall subject the party chargeable therewith to a penalty
of five hundred dollars ($500) for each day, with a maximum amount of fifty thousand dollars
($50,000), during which the violation is committed or repeated. The penalty may be recovered
by the administrator by an action instituted for that purpose, and, in addition to the penalty,...

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10A-1-7.07
Section 10A-1-7.07 Entity name. If the name of a foreign entity does not satisfy the
requirements of Article 5, the foreign entity, for use in this state, may: (1) if a corporation,
add to its corporate name the word "corporation" or "incorporated" or
an abbreviation of one of the words; (2) if a banking corporation, add to its corporate name
the words "bank," "banking," or "bankers"; (3) if a limited
partnership that is not a limited liability limited partnership, add to its partnership name
the word "limited" or the abbreviation "Ltd." or the phrase "limited
partnership" or the abbreviation "L.P." or "LP" but its name must
not contain the phrase "limited liability limited partnership" or the abbreviation
"LLLP" or "L.L.L.P."; (4) if a limited partnership that is a limited liability
limited partnership, add to its partnership name the phrase "limited liability limited
partnership" or the abbreviation "LLLP" or "L.L.L.P." and must not
contain the abbreviation "Ltd.," "L.P.," or "LP."...
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10A-2-15.43
Section 10A-2-15.43 Foreign corporation acting as fiduciary not deemed doing business
in this state. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020.
THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. A foreign corporation, insofar as it acts in a
fiduciary capacity in this state pursuant to the provisions of this division, shall not be
deemed to be transacting business in this state, but no foreign corporation acting in a fiduciary
capacity in this state pursuant to the provisions of this division without qualifying to do
business in this state pursuant to this article or other applicable provisions of law shall
establish or maintain in this state a place of business, branch office, or agency for the
conduct of business as a fiduciary. Nothing contained in this division shall diminish the
authority of out-of-state banks and trust companies to establish or acquire and maintain trust
offices or representative trust offices, or both, under the provisions of Chapter...
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10A-2-16.22
Section 10A-2-16.22 Annual report for Secretary of State. REPEALED IN THE 2019 REGULAR
SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Each domestic corporation, and each foreign corporation authorized to transact business
in this state, shall deliver to the Secretary of State for filing an annual report that sets
forth: (1) The name of the corporation and the state or other jurisdiction under whose law
it is incorporated; (2) The address of its registered office and the name of its registered
agent at that office in this state; (3) The address of its principal office including, in
the case of a foreign corporation, the address of its principal office in the state or other
jurisdiction under whose law it is incorporated; (4) The names and respective addresses of
its president and secretary; and (5) A brief statement of the character of business in which
it is actually engaged in this state. (b) Information in the annual report must be...
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10A-2A-17.01
Section 10A-2A-17.01 Application of Article 17; definitions. (a) A corporation electing
to become a benefit corporation under this article in the manner prescribed in this article
is subject in all respects to the provisions of this chapter, except to the extent this article
imposes additional or different requirements, in which case those requirements apply. The
inclusion of a provision in this article does not imply that a contrary or different rule
of law applies to a corporation that is not a benefit corporation. This article does not affect
a statute or rule of law that applies to a corporation that is not a benefit corporation.
(b) As used in this article: (1) BENEFIT CORPORATION means a corporation that includes in
its certificate of incorporation a statement that the corporation is subject to this article.
(2) PUBLIC BENEFIT means a positive effect, or reduction of negative effects, on one or more
communities or categories of persons (other than stockholders solely in their...
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10A-30-2.01
Section 10A-30-2.01 Article applicable to close corporations; applicability of chapter.
(a) This article applies to all close corporations, as defined in Section 10A-30-2.02.
(b) All provisions of this article shall be applicable to all close corporations as defined
in Section 10A-30-2.02 except insofar as this article otherwise provides. (c) Neither
election to become, nor operation as, a close corporation shall deprive any shareholder of
such corporation of the limitation of liability provided under the Alabama Business Corporation
Law. (d) This chapter shall apply only to close corporations formed in accordance with Section
10A-30-2.03 before January 1, 1995, or electing to become a close corporation pursuant to
Section 10A-30-2.04 before January 1, 1995, and which has not voluntarily terminated
its status as a close corporation or otherwise ceased to be a close corporation to which the
provisions of this article apply before January 1, 1995. (Acts 1980, No. 80-633, p. 1094,
§161;...
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10A-8A-9.01
Section 10A-8A-9.01 Definitions. Notwithstanding Section 10A-1-1.03, as used
in this article, unless the context otherwise requires, the following terms mean: (1) "Constituent
organization" means an organization that is party to a merger under this article. (2)
"Constituent partnership" means a constituent organization that is a partnership.
(3) "Converted organization" means the organization into which a converting organization
converts pursuant to this article. (4) "Converting organization" means an organization
that converts into another organization pursuant to this article. (5) "Converting partnership"
means a converting organization that is a partnership. (6) "Governing statute" of
an organization means the statute that governs the organization's internal affairs. (7) "Organization"
means a partnership, including a limited liability partnership; limited partnership, including
a limited liability limited partnership; limited liability company; business trust; corporation;...

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10A-9A-10.01
Section 10A-9A-10.01 Definitions. Notwithstanding Section 10A-1-1.03, as used
in this article, unless the context otherwise requires, the following terms mean: (1) "CONSTITUENT
LIMITED PARTNERSHIP" means a constituent organization that is a limited partnership.
(2) "CONSTITUENT ORGANIZATION" means an organization that is party to a merger under
this article. (3) "CONVERTED ORGANIZATION" means the organization into which a converting
organization converts pursuant to this article. (4) "CONVERTING LIMITED PARTNERSHIP"
means a converting organization that is a limited partnership. (5) "CONVERTING ORGANIZATION"
means an organization that converts into another organization pursuant to this article. (6)
"GENERAL PARTNER" means a general partner of a limited partnership. (7) "GOVERNING
STATUTE" of an organization means the statute that governs the organization's internal
affairs. (8) "ORGANIZATION" means a general partnership, including a limited liability
partnership; limited partnership,...
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