Unless the declaration of trust provides otherwise, the shareholders of a real estate investment trust may remove any trustee with or without cause by the affirmative vote of a majority of all the votes entitled to be cast for the election of trustees.
Ala. Code § 10A-10-1.08
Removal of Trustees.
Known as the Alabama Real Estate Investment Trust Law
The act spans §§ 10A-10-1.01 to 10A-10-1.24 (24 sections).
(Acts 1995, No. 95-628, p. 1317, §8; §10-13-8; amended and renumbered by Act 2009-513, p. 967, §308.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.