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Ala. Code § 10A-3A-11.03

Approval of Dissolution of Nonmembership Nonprofit Corporations.

Known as the Alabama Business and Nonprofit Entity Code

The act spans §§ 10A-1-1.01 to 10A-9A-9.09 (1,341 sections).

(Act 2023-503, §1.)

Except as otherwise provided in the certificate of incorporation:

(1) the dissolution of a nonmembership nonprofit corporation may be approved by the board of directors; and

(2) the dissolution of the nonmembership nonprofit corporation approved by the board of directors under this section must also be approved by those persons whose approval is required by the certificate of incorporation in accordance with Section 10A-3A-11.04.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.