2022 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 1 - General Provisions.
Article 2 - Purposes and Powers of Domestic Entity.
Division A - Purposes of Domestic Entity.
Section 10A-1-2.02 - Prohibited Purposes.

Universal Citation: AL Code § 10A-1-2.02 (2022)

Section 10A-1-2.02

Prohibited purposes.

A domestic entity may not engage in a business, activity, not for profit activity, or any other activity, whether or not for profit, that:

(A) is expressly unlawful or prohibited by a law of this state;

(B) cannot lawfully be engaged in by that entity under a law of this state; or

(C) may not be engaged in by an entity without first obtaining a license under the laws of this state to engage in that business, activity, not for profit activity, or any other activity, whether or not for profit, and a license cannot lawfully be granted to the entity.

(Act 2009-513, p. 967, §8; Act 2018-125, §1.)

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