At least one director of a domestic professional corporation and the president of a domestic professional corporation shall be qualified persons with respect to the domestic professional corporation; provided, however, that the foregoing restriction shall not apply for a period of 12 months after the death of the sole stockholder of a domestic professional corporation.
Ala. Code § 10A-4-3.06
Directors and Officers.
Known as the Alabama Business and Nonprofit Entity Code
The act spans §§ 10A-1-1.01 to 10A-9A-9.09 (1,341 sections).
(Acts 1983, No. 83-514, p. 763, §14; §10-4-393; amended and renumbered by Act 2009-513, p. 967, §205; Act 2024-413, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.