Alabama Code 10A-2A-8.26. Submission of matters for stockholder vote
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Terms Used In Alabama Code 10A-2A-8.26
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A corporation may agree to submit a matter to a vote of its stockholders even if, after approving the matter, the board of directors determines it no longer recommends the matter.