Section 10A-3A-10.04 - Approval by specified person or group of persons(a) The certificate of incorporation of a membership nonprofit corporation may require that a disposition of assets under either or both Section 10A-3A-10.01 and Section 10A-3A-10.02 be approved in writing by a specified person or group of persons in addition to the board of directors and members.(b) The certificate of incorporation of a nonmembership nonprofit corporation may require that a disposition of assets under Section 10A-3A-10.03 be approved in writing by a specified person or group of persons in addition to the board of directors.(c) A requirement in the certificate of incorporation described in subsection (a) or (b) may only be approved by the written approval of the specified person or group of persons.Ala. Code § 10A-3A-10.04 (1975)
Amended by Act 2024-413,§ 1, eff. 8/1/2024.Added by Act 2023-503,§ 1, eff. 1/1/2024.