Alabama § 10A-1-7.34 Right of Foreign Entity to Participate in the Business of Certain Domestic Entities

Alabama Statutes

§ 10A-1-7.34 — Right of Foreign Entity to Participate in the Business of Certain Domestic Entities

Alabama § 10A-1-7.34

JurisdictionAlabama

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 1General Provisions

Art. 7Foreign Entities

Div. DBusiness, Rights, and Obligations

This text of Alabama § 10A-1-7.34 (Right of Foreign Entity to Participate in the Business of Certain Domestic Entities) 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-1-7.34 (2026).

Text

A vote cast or consent provided by a foreign entity with respect to its ownership or membership interest in a domestic entity of which the foreign entity is a lawful owner or member, and the foreign entity’s participation in the management and control of the business and affairs of the domestic entity to the extent of the participation of other owners or members, are not invalidated if the foreign entity does not register to transact business in this state, subject to all law governing a domestic entity, including the antitrust law of this state.

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A vote cast or consent provided by a foreign entity with respect to its ownership or membership interest in a domestic entity of which the foreign entity is a lawful owner or member, and the foreign entity’s participation in the management and control of the business and affairs of the domestic entity to the extent of the participation of other owners or members, are not invalidated if the foreign entity does not register to transact business in this state, subject to all law governing a domestic entity, including the antitrust law of this state.