(a) A member of a membership nonprofit corporation may resign at any time.
(b) The resignation of a member does not relieve the member from any obligations incurred or commitments made prior to resignation.
Resignation.
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.)
(a) A member of a membership nonprofit corporation may resign at any time.
(b) The resignation of a member does not relieve the member from any obligations incurred or commitments made prior to resignation.
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.