Alabama Code 11-89-31. Definitions
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 11-89-31
- 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.
All definitions in Section 11-89-1 are incorporated in this article by reference, except that “district” shall also mean in this article any district which is operating under this article. Moreover, where used in this article, the words “special corporation” shall mean any corporation organized pursuant to this article.