Alabama Code 10A-4-5.01. Involuntary dissolution on petition of Attorney General
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Terms Used In Alabama Code 10A-4-5.01
- 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.
The Attorney General may institute proceedings to involuntarily dissolve a domestic professional corporation or a domestic nonprofit professional corporation. A licensing authority may request that the Attorney General institute such proceedings.