Ala. Code § 10A-1-9.02

Current through the 2024 Regular Session.

Section 10A-1-9.02 - Definitions

In this article, the following terms have the following meanings:

(1) CLAIM. A right to payment, damages, or property, whether liquidated or unliquidated, accrued or contingent, matured or unmatured.

(2) WINDING UP. The process of winding up the business and affairs of a domestic entity as a result of the occurrence of an event requiring winding up.

Ala. Code § 10A-1-9.02 (1975)

Renumbered from Section 10A-1-9.01, Code of Alabama 1975, by Act 2018-125,§ 4, eff. 1/1/2019.

Act 2009-513, p. 967, § 73.