{"data":{"id":"us-al/ala.-code-10a-30-2.03","jurisdiction":"us-al","citation":"Ala. Code § 10A-30-2.03","heading":"Formation of a Close Corporation; Applicable to Corporations Formed as Close Corporations Before January 1, 1995.","body":"A close corporation which was formed in accordance with former Sections 10-2A-90 through 10-2A-96 must have been authorized by the affirmative vote of all holders of and subscribers to shares of the corporation, and:\n(1) The certificate of formation contains a heading stating the name of the corporation and that it is a close corporation; and\n(2) The certificate of formation contains the provisions required by Section 10A-30-2.02; and\n(3) Each certificate for shares conspicuously notes the fact that the corporation is a close corporation and make reference to the restriction on transfer of shares set forth in the certificate of formation.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 30 Provisions Applicable to Exisiting Entities of a Type That May No Longer Be Formed:unincorporated Professional Associations and Close Corporations.","Article 2 Close Corporations."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-30-2.03","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"871890607611cfaae680f6531821cadb9062377e33ef5d3821a4263e9cb165bc","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-30-2.02","next":"us-al/ala.-code-10a-30-2.04"},"notice":"GroundRules: Original legal text. Not legal advice."}