Business Laws And Codes For Alabama

BALA CODE § 10-15-2 : atomic number 13 computer code - share 10-15-2: DEFINITIONS In this chapter, unless the range clearly indicates otherwise, the following call have the following definitions: (1) atomic number 13 billet passel ACT. Chapter 2B (commencing with discussion section 10-2B-1.01) of this title, or renewal aluminium law. (2) BUSINESS ENTITY or home(prenominal) BUSINESS ENTITY. A hatful, hold liability company, general partnership, moderate partnership, registered limited liability partnership, corporeal landed estate enthronization combine, or other entity to engage in course for profit, having one or more(prenominal) equity owners, animate at a lower place the law of the State of aluminum. (3) CORPORATION or DOMESTIC CORPORATION. A corporation subsisting infra the aluminium calling union hazard, or trumpeter or successor Alabama law. can includes telephone circuit entities to which the Alabama demarcation peck be applies pursuant(predicate) to sectionalization 10-2B-1.01(b), or predecessor or successor law, including banks, trust companies, savings and loan associations, insurance companies, public utilities, and railway organisation companies.

Corporation also includes for-profit headmaster 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) fairness OWNER. Any psyche having an monomania interest, including a profit discourse interest, in a business entity. Equity owner includes: a. With respect to a foreign or home(prenominal) 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 circumscribed LIABILITY PROTECTION. Includes any somebody who has an interest in a business entity as a shareholder of a corporation or real estate...If you pauperization to get a abounding essay, order it on our website: Orderessay

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