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 corporation; provided, however, that the foregoing restriction shall not apply for a period of 12 months after the death of the sole shareholder of a domestic professional corporation.
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.