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Close Corporations

  • Ala. Code § 10A-30-2.01— Article Applicable to Close Corporations; Applicability of Chapter.
  • Ala. Code § 10A-30-2.02— “Close Corporation” Defined; Contents of Certificate of Formation; Number of Shareholders; Applicable to Corporations Formed as Close Corporations or Electing Close Corporation Status Prior to January 1, 1995.
  • Ala. Code § 10A-30-2.03— Formation of a Close Corporation; Applicable to Corporations Formed as Close Corporations Before January 1, 1995.
  • Ala. Code § 10A-30-2.04— Voluntary Termination of Close Corporation Status by Amendment of Certificate of Formation; Vote Required; Applicable to Corporations Formed as Close Corporations or Electing Close Corporation Status Prior to January 1, 1995.
  • Ala. Code § 10A-30-2.05— Issuance or Transfer of Shares of a Close Corporation in Breach of Qualifying Conditions; Applicable to Corporations Formed as Close Corporations or Electing Close Corporation Status Prior to January 1, 1995.
  • Ala. Code § 10A-30-2.06— Corporate Option Where a Restriction on Transfer of Shares Is Held Invalid; Applicable to Corporations Formed as Close Corporations or Electing Close Corporation Status Prior to January 1, 1995.
  • Ala. Code § 10A-30-2.07— Agreements Restricting Discretion of Directors; Applicable to Corporations Formed as Close Corporations or Electing Close Corporation Status Prior to January 1, 1995.
  • Ala. Code § 10A-30-2.08— Management by Shareholders; Applicable to Corporations Formed as Close Corporations or Electing Close Corporation Status Prior to January 1, 1995.
  • Ala. Code § 10A-30-2.09— Appointment of Custodian for Close Corporation; Applicable to Corporations Formed as Close Corporations or Electing Close Corporation Status Prior to January 1, 1995.
  • Ala. Code § 10A-30-2.10— Appointment of a Provisional Director in Certain Cases; Applicable to Corporations Formed as Close Corporations or Electing Close Corporation Status Prior to January, 1 1995.
  • Ala. Code § 10A-30-2.11— Shareholders’ Agreements; Applicable to Corporations Formed as Close Corporations or Electing Close Corporation Status Prior to January 1, 1995.
  • Ala. Code § 10A-30-2.12— Shareholders’ Option to Dissolve Corporation; Applicable to Corporations Formed as Close Corporations or Electing Close Corporation Status Prior to January 1, 1995.
  • Ala. Code § 10A-30-2.13— Effect of the Close Corporation Provisions on Other Laws; Applicable to Corporations Formed as Close Corporations or Electing Close Corporation Status Prior to January 1, 1995.