Code of Alabama
Article 2 - Substantive Provisions.
Division D - Entity Specific Powers; Limitations.

Section 10A-3-2.41 - Shares of Stock and Dividends Prohibited; Compensation and Benefits Permitted. - A nonprofit corporation shall not have or issue shares of...

Section 10A-3-2.42 - Loans to Directors and Officers Prohibited. - No loans shall be made by a nonprofit corporation to...

Section 10A-3-2.43 - Power to Indemnify Directors or Officers. - Each nonprofit corporation shall have the power to indemnify any...

Section 10A-3-2.44 - Assertion of Lack of Capacity or Power; Defense of Ultra Vires - No act of a nonprofit corporation and no conveyance or...