Alabama Statutes
§ 10A-1-2.17 — Business Transactions of Owner with Entity
Alabama § 10A-1-2.17
JurisdictionAlabama
Title 10AAlabama Business and Nonprofit Entities Code
Ch. 1General Provisions
Art. 2Purposes and Powers of Domestic Entity
Div. BPowers of Domestic Entity
This text of Alabama § 10A-1-2.17 (Business Transactions of Owner with Entity) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 10A-1-2.17 (2026).
Text
Except as otherwise provided in the governing documents or in the specific article 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.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
(Act 2009-513, p. 967, §11.)
Nearby Sections
15
§ 10A-1-1.01
Short Title§ 10A-1-1.02
Applicability of Chapter§ 10A-1-1.03
Definitions§ 10A-1-1.04
Disinterested Person§ 10A-1-1.05
Conspicuous Information§ 10A-1-1.06
Synonymous Terms§ 10A-1-1.07
Signing of Document or Other Writing§ 10A-1-1.08
Short Titles§ 10A-1-1.09
Reference in Law to Statute Revised by Title§ 10A-1-1.10
Reservation of Power§ 10A-1-1.11
Law Governing Filing Entities§ 10A-1-1.12
Entities Not Formed by Filing Instrument§ 10A-1-1.13
Internal Affairs§ 10A-1-2.01
General Scope of Permissible Purposes§ 10A-1-2.02
Prohibited PurposesCite This Page — Counsel Stack
Bluebook (online)
Alabama § 10A-1-2.17, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/10A-1-2.17.