Special Provisions for Close Corporations.

  1. Law
  2. Code of Alabama
  3. Corporations, Partnerships, and Associations.
  4. Business Corporations.
  5. Special Provisions for Close Corporations.

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Section
10-2A-300

Law Applicable to Close Corporations.

Section
10-2A-301

"Close Corporation" Defined; Contents of Articles of Incorporation; Number of Shareholders.

Section
10-2A-302

Formation of a Close Corporation.

Section
10-2A-303

Election of Existing Corporation to Become a Close Corporation.

Section
10-2A-304

Voluntary Termination of Close Corporation Status by Amendment of Articles of Incorporation; Vote Required.

Section
10-2A-305

Issuance or Transfer of Shares of a Close Corporation in Breach of Qualifying Conditions.

Section
10-2A-306

Corporate Option Where a Restriction on Transfer of Shares Is Held Invalid.

Section
10-2A-307

Agreements Restricting Discretion of Directors.

Section
10-2A-308

Management by Shareholders.

Section
10-2A-309

Appointment of Custodian for Close Corporation.

Section
10-2A-310

Appointment of a Provisional Director in Certain Cases.

Section
10-2A-311

Shareholders' Agreements.

Section
10-2A-312

Shareholders' Option to Dissolve Corporation.

Section
10-2A-313

Effect of the Close Corporation Provisions on Other Laws.