Current through the 2024 Regular Session.
Section 10A-17-1.02 - DefinitionsIn this chapter:
(1) "Member" means a person who, under the rules or practices of a nonprofit association, may participate in the selection of persons authorized to manage the affairs of the nonprofit association or in the development of policy of the nonprofit association.(2) "Nonprofit association" means an unincorporated organization consisting of two or more members joined by mutual consent as an association for a stated common, nonprofit purpose, but does not include a limited liability company, general partnership, or limited partnership. In addition, joint tenancy, tenancy in common, or tenancy by the entireties does not by itself establish a nonprofit association, even if the co-owners share use of the property for a nonprofit purpose.(3) "Nonprofit purpose" shall be any purpose for which a nonprofit corporation could be organized under the Alabama Nonprofit Corporation Act, as amended, and where no part of income or profit is distributable to its members, directors and officers.Ala. Code § 10A-17-1.02 (1975)
Amended by Act 2018-125,§ 6, eff. 1/1/2019.Acts 1995, No. 95-527, p. 1064, §2; §10-3B-2; amended and renumbered by Act 2009-513, p. 967, § 320.