A nonprofit corporation shall not have or issue shares of stock.
History: (Act 2023-503, §1.)
Shares of Stock Prohibited
Ala. Code § 10A-3A-6.43 — under Title 10A.
Ala. Code § 10A-3A-6.43
Ala. Code § 10A-3A-6.43 — under Title 10A.
Ala. Code § 10A-3A-6.43
A nonprofit corporation shall not have or issue shares of stock.
History: (Act 2023-503, §1.)