Article

Special Provisions for Close Corporations

Ala. Code § 10-2A-300— Law Applicable to Close Corporations.
Ala. Code § 10-2A-301— “Close Corporation” Defined; Contents of Articles of Incorporation; Number of Shareholders.
Ala. Code § 10-2A-302— Formation of a Close Corporation.
Ala. Code § 10-2A-303— Election of Existing Corporation to Become a Close Corporation.
Ala. Code § 10-2A-304— Voluntary Termination of Close Corporation Status by Amendment of Articles of Incorporation; Vote Required.
Ala. Code § 10-2A-305— Issuance or Transfer of Shares of a Close Corporation in Breach of Qualifying Conditions.
Ala. Code § 10-2A-306— Corporate Option Where a Restriction on Transfer of Shares Is Held Invalid.
Ala. Code § 10-2A-307— Agreements Restricting Discretion of Directors.
Ala. Code § 10-2A-308— Management by Shareholders.
Ala. Code § 10-2A-309— Appointment of Custodian for Close Corporation.
Ala. Code § 10-2A-310— Appointment of a Provisional Director in Certain Cases.
Ala. Code § 10-2A-311— Shareholders’ Agreements.
Ala. Code § 10-2A-312— Shareholders’ Option to Dissolve Corporation.
Ala. Code § 10-2A-313— Effect of the Close Corporation Provisions on Other Laws.