Ala. Code § 10A-4-3.03

Current through the 2024 Regular Session.
Section 10A-4-3.03 - Liability generally
(a) Every individual who renders professional services as an employee of a professional corporation shall be liable for any negligent or wrongful act or omission in which that individual personally participates to the same extent as if that individual rendered the services as a sole practitioner.
(b) Except as otherwise provided in subsection (a), the personal liability of a stockholder, employee, director, or officer of a domestic professional corporation, other than a domestic nonprofit professional corporation, shall be no greater in any respect than that of a stockholder, employee, director, or officer of a corporation governed by the Alabama Business Corporation Law.
(c) Except as otherwise provided in subsection (a), the personal liability of a member, employee, director, or officer of a domestic nonprofit professional corporation shall be no greater in any respect than that of a member, employee, director, or officer of a corporation governed by the Alabama Nonprofit Corporation Law.
(d) Except as otherwise provided in subsection (a), the personal liability of a stockholder, member, employee, director, or officer of a foreign professional corporation shall be determined under the law of the jurisdiction in which it is organized.

Ala. Code § 10A-4-3.03 (1975)

Amended by Act 2024-413,§ 1, eff. 8/1/2024.
Acts 1983, No. 83-514, p. 763, §11; §10-4-390; amended and renumbered by Act 2009-513, p. 967, § 205.