Alabama § 10A-4-5.04 Annual Report of Domestic and Foreign Professional Corporations

Alabama Statutes

§ 10A-4-5.04 — Annual Report of Domestic and Foreign Professional Corporations

Alabama § 10A-4-5.04

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 4Professional Corporations

Art. 5Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations

This text of Alabama § 10A-4-5.04 (Annual Report of Domestic and Foreign Professional Corporations) 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-4-5.04 (2026).

Text

(a)Every business professional corporation, domestic or foreign, is required to file an annual report under the Alabama Business Corporation Law, and shall include in the annual report, in addition to the items required by the Alabama Business Corporation Law:

(1)A statement that all the stockholders , at least one director, and the president of the corporation are qualified persons with respect to the corporation, and

(2)In the case of a foreign professional corporation, the name or names of the Alabama licensed professional or professionals through whom the foreign professional corporation will render professional services in this state .

(b)Financial information contained in the annual report of a professional corporation, other than the amount of stated capital of the corporation,

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(a) Every business professional corporation, domestic or foreign, is required to file an annual report under the Alabama Business Corporation Law, and shall include in the annual report, in addition to the items required by the Alabama Business Corporation Law:
(1) A statement that all the
stockholders
, at least one director, and the president of the corporation are qualified persons with respect to the corporation, and
(2) In the case of a foreign professional corporation, the name or names of the Alabama licensed professional or professionals through whom the foreign professional corporation will render professional services in
this state
.
(b) Financial information contained in the annual report of a professional corporation, other than the amount of stated capital of the corporation, shall not be open to public inspection nor shall the licensing authority disclose any facts or information obtained therefrom except insofar as its official duty may require the same to be made public or in the event the information is required for evidence in any criminal proceedings or in any other action by the State of Alabama.