This division does not authorize a domestic entity or a managerial official of a domestic entity to exercise a power in a manner inconsistent with a limitation on the purposes or powers of the entity contained in its governing documents, this title, or other law of this state.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 1 - General Provisions.
Article 2 - Purposes and Powers of Domestic Entity.
Division B - Powers of Domestic Entity.
Section 10A-1-2.11 - General Powers.
Section 10A-1-2.12 - Consideration for Indebtedness.
Section 10A-1-2.13 - Power to Make Guaranties.
Section 10A-1-2.14 - Stated Powers in Division Sufficient.
Section 10A-1-2.15 - Limitation on Powers.
Section 10A-1-2.16 - Certificated Indebtedness; Manner of Issuance; Signature and Seal.
Section 10A-1-2.17 - Business Transactions of Owner With Entity.