(a) Stock may, but need not, be represented by certificates. Unless this chapter or another statute expressly provides otherwise, the rights and obligations of stockholders are identical regardless of whether their stock is represented by certificates.
(b) Each stock certificate must be signed by two officers designated in the certificate of incorporation or bylaws.
(c) Each certificate representing stock shall comply with Sections 10A-1-3.42, 10A-1-3.43(b), and 10A-1-3.44.
(d) No certificate representing stock shall be issued in bearer form.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A - Alabama Business Corporation Law.
Article 6 - Stock and Distributions.
Division B - Issuance of Stock.
Section 10A-2A-6.20 - Subscription for Stock Before Incorporation.
Section 10A-2A-6.21 - Issuance of Stock.
Section 10A-2A-6.22 - Liability of Stockholders.
Section 10A-2A-6.23 - Stock Dividends.
Section 10A-2A-6.24 - Stock Rights, Options, Warrants, and Awards.
Section 10A-2A-6.25 - Form and Content of Certifications.
Section 10A-2A-6.26 - Uncertificated Interests.