Any corporation governed by the Alabama Business Corporation Law may elect to be governed as an employee cooperative under this chapter, by so stating in its certificate of formation or certificate of amendment filed in accordance with the Alabama Business Corporation Law.
Ala. Code § 10A-11-1.03
Election as Employee Cooperative.
Known as the Alabama Employee Cooperative Corporations Law
The act spans §§ 10A-11-1.01 to 10A-11-1.12 (12 sections).
(Act 97-949, p. 524, §3; §10-14-3; amended and renumbered by Act 2009-513, p. 967, §312; Act 2019-94, §2.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.