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Form a Business

Shares of Stock Prohibited.

Ala. Code § 10A-3A-6.43
in effect
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10A-3A-6.43. Shares of Stock Prohibited. A nonprofit corporation shall not have or issue shares of stock. EndFragment (Act 2023-503, §1.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#10A-3A-6.43Fetched: 10/20/2026

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