Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-2-6.28 - Expense of issue

Section 10A-2-6.28 - Expense of issue.

REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.

A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.

(Acts 1994, No. 94-245, p. 343, §1; §10-2B-6.28; amended and renumbered by Act 2009-513, p. 967, §102.)

Last modified: May 3, 2021