Section 10A-2A-1.40 Chapter definitions. As used in this chapter, unless otherwise specified or unless the context otherwise requires, the following terms have the following meanings: (1) AUTHORIZED STOCK means the stock of all classes and series a corporation or foreign corporation is authorized to issue. (2) BENEFICIAL STOCKHOLDER means a person who owns the beneficial […]
Section 10A-2A-1.41 Notice and other communications. (a) A notice under this chapter must be in writing unless oral notice is reasonable in the circumstances. Unless otherwise agreed between the sender and the recipient, words in a notice or other communication under this chapter must be in English. (b) A notice or other communication may be […]
Section 10A-2A-1.42 Number of stockholders. (a) For purposes of this chapter, the following identified as a stockholder in a corporation’s current record of stockholders constitutes one stockholder: (1) three or fewer co-owners; (2) a corporation, partnership, trust, estate, or other entity; and (3) the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, […]
Section 10A-2A-1.43 Qualified director. (a) A “qualified director” is a director who, at the time action is to be taken under: (1) Section 10A-2A-2.02(b)(6), is not a director (i) to whom the limitation or elimination of the duty of an officer to offer potential business opportunities to the corporation would apply, or (ii) who has […]
Section 10A-2A-1.44 Householding. (a) A corporation has delivered written notice or any other report or statement under this chapter, the certificate of incorporation, or the bylaws to all stockholders who share a common address if: (1) the corporation delivers one copy of the notice, report, or statement to the common address; (2) the corporation addresses […]
