In this chapter, unless the background clearly indicates otherwise, the following terms have the following definitions: (1) aluminium BUSINESS CORPORATION ACT. Chapter 2B (commencing with Section 10-2B-1.01) of this title, or renewal aluminium law. (2) BUSINESS ENTITY or home(prenominal) BUSINESS ENTITY. A corporation, hold liability company, general partnership, limited partnership, registered limited liability partnership, corporeal estate investment trust, or other entity to engage in business for profit, having one or more equity owners, animate under the law of the State of aluminum. (3) CORPORATION or DOMESTIC CORPORATION. A corporation existing under the Alabama calling Corporation hazard, or predecessor or successor Alabama law. Corporation includes business entities to which the Alabama Business Corporation Act applies pursuant to Section 10-2B-1.01(b), or predecessor or successor law, including banks, trust companies, savings and loan associations, insurance companies, public utilities, and railway system companies.
Corporation also includes for-profit professional corporations existing under Chapter 4 of this title, to which the Alabama Business Corporation Act applies pursuant to Section 10-4-381, and unincorporated professional associations existing under Chapter 10 of this title, to which the Alabama Business Corporation Act applies pursuant to Section 10-10-2(a). (4) virtue OWNER. Any psyche having an ownership interest, including a profit communion interest, in a business entity. Equity owner includes: a. With compliancy to a foreign or domestic corporation or real estate investment trust, a shareholder. b. With respect to a foreign or domestic partnership, a partner. c. With respect to a foreign or domestic limited liability company, a member. (5) EQUITY OWNER WITH LIMITED LIABILITY PROTECTION. Includes any person who has an interest in a business entity as a shareholder of a corporation or real estate...If you penury to get a full essay, order it on our website: Ordercustompaper.com
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