Alabama Code 41-23-26. Additional requirements for business, etc., to receive benefits
Current as of: 2024 | Check for updates
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Additional requirements for a business, partnership, corporation or individual to receive benefits shall include:
Terms Used In Alabama Code 41-23-26
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
