Public-domain · open source
OpenJurist

Ala. Code § 10A-3A-9.09

Effect of Amendment to Certificate of Incorporation.

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) An amendment to the certificate of incorporation does not affect:

(1) a cause of action existing against or in favor of the nonprofit corporation;

(2) a proceeding to which the nonprofit corporation is a party; or

(3) the existing rights of persons other than (i) members of the nonprofit corporation, if any, or (ii) a person or group of persons, if any, specified in the certificate of incorporation as having approval rights under Section 10A-3A-9.30.

(b) An amendment changing a nonprofit corporation’s name does not affect a proceeding brought by or against the nonprofit corporation in its former name.

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