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 backcloth clearly indicates otherwise, the following terms have the following definitions: (1) aluminium BUSINESS CORPORATION ACT. Chapter 2B (commencing with divide 10-2B-1.01) of this title, or renewal aluminium law. (2) BUSINESS ENTITY or home(prenominal) BUSINESS ENTITY. A corporation, hold liability company, general partnership, limited partnership, registered limited liability partnership, corporeal landed estate investment impudence, or other entity to engage in job for profit, having one or more equity owners, animate beneath the law of the State of aluminum. (3) CORPORATION or DOMESTIC CORPORATION. A corporation existing under the aluminum calling confederacy hazard, or predecessor or successor Alabama law. deal includes business entities to which the Alabama Business Corporation Act applies pursuant(predicate) to Section 10-2B-1.01(b), or predecess or or successor law, including banks, trust companies, savings and loan associations, insurance companies, public utilities, and railway constitution 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) virtuousness OWNER. Any psyche having an ownership interest, including a profit chewing interest, in a business entity. Equity owner includes: a. W! ith deference 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 someone who has an interest in a business entity as a shareholder of a corporation or real estate...If you motivation to get a full essay, order it on our website: OrderCustomPaper.com

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