Corporate Shares as Personal Property; Transferability.

  1. Law
  2. Code of Alabama
  3. Alabama Business and Nonprofit Entities Code.
  4. Business Corporations.
  5. Shares and Distributions.
  6. Issuance of Shares.
  7. Corporate Shares as Personal Property; Transferability.

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Section 10A-2-6.25

Corporate shares as personal property; transferability.

REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.

Shares or interests in the stock of corporations are personal property, transferable on the books of the corporation in the manner provided by law.

(Acts 1994, No. 94-245, p. 343, §1; §10-2B-6.25; amended and renumbered by Act 2009-513, p. 967, §100.)


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