Alabama Code 10A-20-7.05. Membership – Application; when effective
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 10A-20-7.05
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Any financial institution may request membership in the corporation by making application to the board of directors on the form in the manner as the board of directors may require, and membership shall become effective upon acceptance of the application by the board.