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2019 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 1 - General Provisions.
Article 9 - Winding Up and Termination of Domestic Entity.
Division A - General Provisions.
Section 10A-1-9.02 - Definitions.
Universal Citation: AL Code § 10A-1-9.02 (2019)
Section 10A-1-9.02Definitions.
In this article, the following terms have the following meanings:
(1) CLAIM. A right to payment, damages, or property, whether liquidated or unliquidated, accrued or contingent, matured or unmatured.
(2) WINDING UP. The process of winding up the business and affairs of a domestic entity as a result of the occurrence of an event requiring winding up.
(Act 2009-513, p. 967, §73; §10A-1-9.01 renumbered by Act 2018-125, §4.)
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