REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.
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.
Section 10A-2-6.28 - Expense of Issue.