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.