Alabama Code 2-3A-1. Declaration of purpose and legislative findings
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The Legislature has found and determined and does hereby declare that in this state the following conditions exist:
Terms Used In Alabama Code 2-3A-1
- 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.
- following: means next after. See Alabama Code 1-1-1
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1