Section 4-101 - Definitions.
§ 4-101. Definitions.
(a) In general.- In this title the following words have the meanings indicated.
(b) Close corporation.- "Close corporation" means a corporation which elects to be a close corporation in accordance with § 4-201 of this title.
(c) Unanimous stockholders' agreement.- "Unanimous stockholders' agreement" means an agreement to which every stockholder of a close corporation actually has assented and which is contained in its charter or bylaws or in a written instrument signed by all the stockholders.
[An. Code 1957, art. 23, §§ 100, 104; 1975, ch. 311, § 2.]