§ 40-14A-41 Applicability to certain entities organized before January 1, 1999
§ 40-14A-42 Applicability to certain corporations under contract with Department of Economic and Community Affairs
§ 40-14A-43 Applicability to organizations under 26 U.S.C.A. Section 501(a)
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Terms Used In Alabama Code > Title 40 > Chapter 14A > Article 4 - Exemptions

  • 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.
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1