Alabama § 10A-1-2.17 - Business Transactions of Owner with Entity.
Full text of Alabama Code of Alabama § 10A-1-2.17 — Business Transactions of Owner with Entity., with citation guidance and answers to common questions.
§ 10A-1-2.17. Business Transactions of Owner with Entity.
Except as otherwise provided in the governing documents or in the specific chapter that applies to that entity, an owner may lend money to and transact any lawful business with the entity and, subject to other applicable law, have the same rights and obligations with respect thereto as a person who is not an owner.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 10A-1-2.17
What does Code of Alabama § 10A-1-2.17 cover?
Section 10A-1-2.17 ("Business Transactions of Owner with Entity.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 10A-1-2.17?
A common citation format is "Code of Alabama § 10A-1-2.17" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 10A-1-2.17 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.