Chapter 1 - Business Corporations
- Article 2 Substantive Provisions.
- Section 10-2A-70 Giving aid or contribution to political party or candidate, etc.; penalty; exception for voluntary separate political fund
Any corporation, incorporated company or incorporated association, by whatever name it may be known, incorporated or organized under the laws of this state or ...
- Section 10-2A-70.1 Limitation on amount of political contribution; provisions supplemental
(a) It shall be legal and permissible for any corporation, other than a public utility that is regulated by the Public Service Commission, whether ...
- Section 10-2A-70.2 Corporation contributions to candidates, parties, etc
It is the intent of the Legislature that the provisions hereof shall not repeal nor be construed to repeal any provision of Section 10-2A-70.1. ...
- Article 11 Special Provisions for Close Corporations.
- Section 10-2A-300 Law applicable to close corporations
(a) This article applies to all close corporations, as defined in Section 10-2A-301. Unless a corporation elects to become a close corporation in the ...
- Section 10-2A-301 "Close corporation" defined; contents of articles of incorporation; number of shareholders
(a) A close corporation is a corporation organized under this chapter whose articles of incorporation contain the provisions required by Section 10-2A-91 and, in ...
- Section 10-2A-302 Formation of a close corporation
A close corporation shall be formed in accordance with Sections 10-2A-90 through 10-2A-96, except that such formation must be authorized by the affirmative vote ...
- Section 10-2A-303 Election of existing corporation to become a close corporation
Any corporation subject to this chapter may become a close corporation by amending its articles of incorporation to contain a statement that it elects ...
- Section 10-2A-304 Voluntary termination of close corporation status by amendment of articles of incorporation; vote required
(a) A corporation may voluntarily terminate its status as a close corporation and cease to be subject to this article by amending its articles ...
- Section 10-2A-305 Issuance or transfer of shares of a close corporation in breach of qualifying conditions
(a) If shares of a close corporation are issued or transferred to any person who is not entitled under any provision of the articles ...
- Section 10-2A-306 Corporate option where a restriction on transfer of shares is held invalid
If a restriction on transfer of shares of a close corporation is held not to be authorized by Section 10-2A-41, the corporation shall nevertheless ...
- Section 10-2A-307 Agreements restricting discretion of directors
A written agreement among the shareholders of a close corporation holding a majority of the outstanding shares entitled to vote, whether solely among themselves ...
- Section 10-2A-308 Management by shareholders
The articles of incorporation of a close corporation may provide that the business of the corporation shall be managed by the shareholders of the ...
- Section 10-2A-309 Appointment of custodian for close corporation
(a) The circuit court of the county in which the corporation has its registered office or any court in such place having jurisdiction, upon ...
- Section 10-2A-310 Appointment of a provisional director in certain cases
(a) Notwithstanding any contrary provision of the articles of incorporation or the bylaws or agreement of the shareholders, the circuit court of the county ...
- Section 10-2A-311 Shareholders' agreements
No written agreement among shareholders of a close corporation, nor any provision of the articles of incorporation or of the bylaws of the corporation, ...
- Section 10-2A-312 Shareholders' option to dissolve corporation
(a) The articles of incorporation of any close corporation may include a provision granting to any shareholder, or to the holders of any specified ...
- Section 10-2A-313 Effect of the close corporation provisions on other laws
This article shall not be deemed to repeal any statute or rule of law which is or would be applicable to any corporation which ...
- Article 12 Miscellaneous Provisions.
