REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Each corporation must have a board of directors.
(b) All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation or in an agreement authorized under Section 10A-2-7.32.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2 - Business Corporations.
Article 8 - Directors and Officers.
Division A - Board of Directors.
Section 10A-2-8.01 - Requirements for and Duties of Board of Directors.
Section 10A-2-8.02 - Qualifications of Directors.
Section 10A-2-8.03 - Number and Election of Directors.
Section 10A-2-8.04 - Election of Directors by Certain Classes of Shareholders.
Section 10A-2-8.05 - Terms of Directors Generally.
Section 10A-2-8.06 - Staggered Terms for Directors.
Section 10A-2-8.07 - Resignation of Directors.
Section 10A-2-8.08 - Removal of Directors by Shareholders.
Section 10A-2-8.09 - Removal of Directors by Judicial Proceeding.