Alabama Code > Title 10A > Chapter 2A > Article 6 > Division D – Distributions
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| § 10A-2A-6.40 | Distributions to stockholders |
Terms Used In Alabama Code > Title 10A > Chapter 2A > Article 6 > Division D - Distributions
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- certificate of incorporation: as used in this chapter is synonymous to the term "certificate of formation" used in Chapter 1. See Alabama Code 10A-2A-1.40
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- property: includes both real and personal property. See Alabama Code 1-1-1