Alabama Code 2-19-100. Definitions
Current as of: 2024 | Check for updates
|
Other versions
When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise:
Terms Used In Alabama Code 2-19-100
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- following: means next after. See Alabama Code 1-1-1
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1