Section 10A-2A-6.22 - Liability of stockholders(a) A purchaser from a corporation of the corporation's own stock is not liable to the corporation or its creditors with respect to the stock except to pay the consideration for which the stock was authorized to be issued or specified in the subscription agreement.(b) A stockholder is not personally liable for any liabilities of the corporation (including liabilities arising from acts of the corporation) except to the extent provided in a provision of the certificate of incorporation permitted by Section 10A-2A-2.02.Ala. Code § 10A-2A-6.22 (1975)
Added by Act 2019-94,§ 1, eff. 1/1/2020.