Ala. Code § 10A-3A-6.21

Current through the 2024 Regular Session.
Section 10A-3A-6.21 - Termination and suspension
(a) A membership in a membership nonprofit corporation may be terminated or suspended for the reasons and in the manner provided in the certificate of incorporation or bylaws.
(b) A proceeding challenging a termination or suspension for any reason must be commenced within one year after the effective date of the termination or suspension.
(c) The termination or suspension of a member does not relieve the member from any obligations incurred or commitments made prior to the termination or suspension.

Ala. Code § 10A-3A-6.21 (1975)

Added by Act 2023-503,§ 1, eff. 1/1/2024.