Ala. Code § 10A-2A-3.01 (2026) – Purposes. | Midpage
§ 10A-2A-3.01
Ala. Code § 10A-2A-3.01 (2026)
Purposes.
(Act 2019-94, §1.)
(a) Every corporation incorporated under this chapter has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the certificate of incorporation.
(b) A corporation engaging in a business that is subject to regulation under another statute of this state may incorporate under this chapter only if permitted by, and subject to all limitations of, the other statute.