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2020 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A
Article 7 - Stockholders.
Division D - Derivative Proceedings.
Section 10A-2A-7.48 - Applicability to Foreign Corporations.
Universal Citation: AL Code § 10A-2A-7.48 (2020)
Section 10A-2A-7.48
Applicability to foreign corporations.
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.
(Act 2019-94, §1.)
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