REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Shares or interests in the stock of corporations are personal property, transferable on the books of the corporation in the manner provided by law.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2 - Business Corporations.
Article 6 - Shares and Distributions.
Division B - Issuance of Shares.
Section 10A-2-6.20 - Subscription for Shares Before Incorporation.
Section 10A-2-6.21 - Issuance of Shares.
Section 10A-2-6.22 - Liability of Shareholders and Subscribers.
Section 10A-2-6.23 - Share Dividends.
Section 10A-2-6.24 - Share Options.
Section 10A-2-6.25 - Corporate Shares as Personal Property; Transferability.
Section 10A-2-6.27 - Restriction on Transfer of Shares and Other Securities.