GroundRules
Ala. Code § 10A-1-2.17: Business Transactions of Owner with Entity.
Where this section sits in the code
- Title 10A Alabama Business and Nonprofit Entities Code.
- Chapter 1 General Provisions.
- Article 2 Purposes and Powers of Domestic Entity.
- Division B Powers of Domestic Entity.
Except as otherwise provided in the governing documents or in the specific chapter that applies to that entity, an owner may lend money to and transact any lawful business with the entity and, subject to other applicable law, have the same rights and obligations with respect thereto as a person who is not an owner.
Collected 2026-09-03T14:01:53Z. Source file · JSON