Ala. Code § 10A-30-2.03 (1975) Formation of a Close Corporation; Applicable to Corporations Formed As Close Corporations Before January 1, 1995

• Library: Alabama Statutes
• Edition: 2023
• Currency: Current with legislation from the 2023 Regular and Special Sessions.
• Year: 2023
• Citation: Ala. Code § 10A-30-2.03 (1975)

A close corporation which was formed in accordance with former Sections 10-2A-90 through 10-2A-96 must have been authorized by the affirmative vote of all holders of and subscribers to shares of the corporation, and:

(1) The certificate of formation contains a heading stating the name of the corporation and that it is a close corporation; and

(2) The certificate of formation contains the provisions required by Section <codecitation statecd="AL" sessionyear="2023" datatype="S" title="10A" catchline=""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">10A-30-2.02</codecitation>; and</subsect>