(a) If, before January 1, 1996, an estate or interest in real or personal property was purportedly transferred to a nonprofit association, on January 1, 1996 the estate or interest vests in the nonprofit association unless the parties have treated the transfer as ineffective.
(b) If, before January 1, 1996, the transfer vested the estate or interest in another person to hold the estate or interest as a fiduciary for the benefit of the nonprofit association, its members, or both, on or after January 1, 1996, unless otherwise prohibited by terms of a written trust, the fiduciary may transfer the estate or interest to the nonprofit association in its name, or the nonprofit association, by appropriate proceedings, may require that the estate or interest be transferred to it in its name.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 17 - Unincorporated Nonprofit Associations.
Section 10A-17-1.01 - Short Title.
Section 10A-17-1.02 - Definitions.
Section 10A-17-1.03 - Supplementary General Principles of Law and Equity.
Section 10A-17-1.04 - Governance.
Section 10A-17-1.06 - Statement of Authority as to Real Property.
Section 10A-17-1.07 - Liability in Tort and Contract.
Section 10A-17-1.08 - Capacity to Assert and Defend; Standing.
Section 10A-17-1.09 - Effect of Judgment or Order.
Section 10A-17-1.11 - Appointment of Agent to Receive Service of Process.
Section 10A-17-1.12 - Claim Not Abated by Change of Members or Offices.
Section 10A-17-1.14 - Summons and Complaint; Service on Whom.
Section 10A-17-1.15 - Transition Concerning Real and Personal Property.
Section 10A-17-1.16 - Other Acts Not Repealed.
Section 10A-17-1.17 - Savings Clause.
Section 10A-17-1.18 - Uniformity of Application and Construction.