Alabama Code 11-41-25. Petition to probate judge for decree of forfeiture; notice and hearing upon petition
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Terms Used In Alabama Code 11-41-25
- 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.
- Probate: Proving a will
- writing: includes typewriting and printing on paper. See Alabama Code 1-1-1
The county commission or any five qualified voters of the county in which any such corporation is situated may file with the probate judge of such county a petition in writing setting up one or more of the grounds enumerated in section 11-41-24 and praying for a decree declaring the charter of said town forfeited, and thereupon said judge shall set down and hear said petition after giving notice for the same time and in the same manner as provided in section 11-41-22.