(a) Stock may, but need not, be represented by certificates. Unless this chapter or another statute expressly provides otherwise, the rights and obligations of stockholders are identical regardless of whether their stock is represented by certificates.

Terms Used In Alabama Code 10A-2A-6.25

  • certificate of incorporation: as used in this chapter is synonymous to the term "certificate of formation" used in Chapter 1. See Alabama Code 10A-2A-1.40
  • Statute: A law passed by a legislature.
(b) Each stock certificate must be signed by two officers designated in the certificate of incorporation or bylaws.
(c) Each certificate representing stock shall comply with Sections 10A-1-3.42, 10A-1-3.43(b), and 10A-1-3.44.
(d) No certificate representing stock shall be issued in bearer form.
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