Alabama Code 41-10-22. Authorization and procedure for incorporation
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Terms Used In Alabama Code 41-10-22
- 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.
- 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
The Secretary of the Alabama Department of Commerce, the Commissioner of Revenue and the Director of Finance may become a public corporation with the powers provided for in this article by proceeding according to the provisions of Section State; contents and execution thereof; filing and recordation of application by Secretary of State” class=”unlinked-ref” datatype=”S” sessionyear=”2020″ statecd=”AL” title=”41″>41-10-23.