Section 10-2B-2.05 Organization of corporation. - Alabama Statutes

Section 10-2B-2.05

Organization of corporation.

(a) After incorporation the initial directors shall hold an organizational meeting, at the call of a majority of the directors, to complete the organization of the corporation by appointing officers, adopting bylaws (unless the power to adopt initial bylaws has been reserved to the shareholders in the articles of incorporation), and carrying on any other business brought before the meeting.

(b) An organization meeting may be held in or out of this state.

(Acts 1994, No. 94-245, p. 343, §1.)