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2021 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A - Alabama Business Corporation Law.
Article 3 - Purposes and Powers.
Section 10A-2A-3.01 - Purposes.
Universal Citation:
AL Code § 10A-2A-3.01 (2021)
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Section 10A-2A-3.01
Purposes.
(a) Every corporation incorporated under this chapter has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the certificate of incorporation.
(b) A corporation engaging in a business that is subject to regulation under another statute of this state may incorporate under this chapter only if permitted by, and subject to all limitations of, the other statute.
(Act 2019-94, §1.)
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