Section 820-3-1-.01 - Definitions (Alabama Administrative Code)

§ 820-3-1-.01. Definitions

(1) ABANDONED CORPORATION: a corporation formed under the laws of the State of Alabama which are presumed to have intentionally abandoned their property interests in their existence by having been certified by the Alabama Department of Revenue to not be in compliance with one or more of the grounds stated in Section 10-2B-14.20, Code of Ala. 1975, in each of the immediately preceding thirteen (13) calendar years.

(2) ADMINISTRATIVE DISSOLUTION: the dissolution of a corporation by act of the Secretary of State pursuant to Sections 10-2B-14.20, et seq., Code of Ala. 1975, and the provisions of these rules.

(3) DELINQUENT CORPORATION: a corporation other than an abandoned corporation formed under the laws of the State of Alabama which may be subject to administrative dissolution pursuant to Sections 10-2B-14.20, et seq., Code of Ala. 1975.

(4) DISSOLVED CORPORATION: a delinquent or abandoned corporation which has been administratively dissolved but remains on record for a period of time in which it may be reinstated pursuant to Section 10-2B-14.22, Code of Ala. 1975.

(5) SECRETARY OF STATE'S INTERNET SITE: a location on the world wide web found at the following address: http://www.sos.state.al.us/

Author: Charles E. Grainger, Jr.

(New Rule: Filed November 15, 2001; effective; December 20, 2001.)

Statutory Authority: Code of Ala. 1975, §§ 10-2B-14.20, et seq., 10-2B-5.04.

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