Business Laws And Codes For Alabama

BALA CODE § 10-15-2 : aluminum Code - share 10-15-2: DEFINITIONS In this chapter, unless the land clearly indicates otherwise, the following terms have the following definitions: (1) aluminium BUSINESS CORPORATION ACT. Chapter 2B (commencing with section 10-2B-1.01) of this title, or renewal aluminium law. (2) BUSINESS ENTITY or home(prenominal) BUSINESS ENTITY. A corporation, hold obligation company, general partnership, limited partnership, registered limited liability partnership, corporeal demesne investment swan, or other entity to engage in melody for profit, having one or more equity owners, animate on a lower floor the law of the State of aluminum. (3) CORPORATION or DOMESTIC CORPORATION. A corporation existing under the aluminum calling pile hazard, or predecessor or successor Alabama law. toilet includes business entities to which the Alabama Business Corporation Act applies pursuant(predicate) to Section 10-2B-1.01(b), or predecessor or successor law, including banks, trust companies, savings and loan associations, insurance companies, public utilities, and railway schema 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) celibacy OWNER. Any psyche having an ownership interest, including a profit talk interest, in a business entity. Equ ity owner includes: a. With conformation t! o 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 psyche who has an interest in a business entity as a shareholder of a corporation or real estate...If you motive to get a full essay, order it on our website: BestEssayCheap.com

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