In any derivative action in the right of a foreign corporation, the right of a person to commence or maintain a derivative action in the right of a foreign corporation, and any matters raised in the action covered by Sections 10A-2A-7.42 through 10A-2A-7.47, shall be governed by the law of the jurisdiction under which the foreign corporation was formed; except that any matters raised in the action covered by Sections 10A-2A-7.45, 10A-2A-7.46, and 10A-2A-7.47 shall be governed by the law of this state.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A - Alabama Business Corporation Law.
Division D - Derivative Proceedings.
Section 10A-2A-7.40 - Division Definitions.
Section 10A-2A-7.41 - Right of Derivative Action.
Section 10A-2A-7.42 - Standing.
Section 10A-2A-7.44 - Pleading.
Section 10A-2A-7.45 - Stay of Proceedings.
Section 10A-2A-7.46 - Discontinuance or Settlement.
Section 10A-2A-7.47 - Proceeds and Expenses.
Section 10A-2A-7.48 - Applicability to Foreign Corporations.