Applicability to Foreign Corporations

Ala. Code § 10A-2A-7.48 — under Title 10A.

Ala. Code § 10A-2A-7.48

In any derivative action in the right of a foreign corporation, the right of a person to commence or maintain a derivative action in the right of a foreign corporation, and any matters raised in the action covered by Sections 10A-2A-7.42 through 10A-2A- 7.47, shall be governed by the law of the jurisdiction under which the foreign corporation was formed; except that any matters raised in the action covered by Sections 10A-2A-7.45, 10A-2A-7.46, and 10A-2A-7.47 shall be governed by the law of this state.

History: (Act 2019-94, §1.)