A voting trust with respect to shares of a domestic professional corporation shall not be valid unless all the trustees and beneficiaries thereof are qualified persons, except that a voting trust may be validly continued for a period of 12 months after the death of a deceased beneficiary or after a beneficiary has become a disqualified person.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 4 - Professional Corporations.
Article 3 - Shareholders; Directors and Officers; Professional Liability.
Section 10A-4-3.01 - Issuance and Transfer of Shares.
Section 10A-4-3.02 - Death or Disqualification of Shareholder.
Section 10A-4-3.03 - Liability Generally.
Section 10A-4-3.04 - Professional Relationships; Privileged Communications.