Alabama § 10A-1-3.41 - Certificated or Uncertificated Ownership Interest.
Full text of Alabama Code of Alabama § 10A-1-3.41 — Certificated or Uncertificated Ownership Interest., with citation guidance and answers to common questions.
§ 10A-1-3.41. Certificated or Uncertificated Ownership Interest.
(a) Ownership interests in a domestic entity may be certificated or uncertificated.
(b) The ownership interests in a business corporation, real estate investment trust, or professional corporation must be certificated unless the governing documents of the entity or a resolution adopted by the governing authority of the entity states that the ownership interests are uncertificated. If a domestic entity changes the form of its ownership interests from certificated to uncertificated, a certificated ownership interest subject to the change becomes an uncertificated ownership interest only after the certificate is surrendered to the domestic entity.
(c) Ownership interests in a domestic entity, other than a domestic entity described in subsection (b), are uncertificated unless this title or the governing documents of the domestic entity state that the interests are certificated.
(d) Unless an entity’s chapter specifically provides otherwise, no certificate of a certificated ownership interest shall be issued in bearer form.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 10A-1-3.41
What does Code of Alabama § 10A-1-3.41 cover?
Section 10A-1-3.41 ("Certificated or Uncertificated Ownership Interest.") 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-1-3.41?
A common citation format is "Code of Alabama § 10A-1-3.41" (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-1-3.41 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.