The directors of each association shall elect from their number a president and one or more vice-presidents. They shall also elect a secretary and a treasurer, who need not be directors, and they may combine the two latter offices and designate the combined office as secretary-treasurer. The treasurer may be a bank or any depository, and such shall not be considered as an officer but as a function of the board of directors. In such case, the secretary shall perform the usual accounting duties of the treasurer, except that the funds shall be deposited only as authorized by the board of directors.
Structure Code of Alabama
Chapter 10 - Cooperatives and Associations.
Article 3 - Incorporated Marketing Associations.
Section 2-10-50 - Definitions.
Section 2-10-51 - Nonprofit Associations.
Section 2-10-52 - Who May Form Association.
Section 2-10-53 - Objects of Association.
Section 2-10-54 - Powers of Association.
Section 2-10-55 - Who May Become Members or Stockholders.
Section 2-10-56 - Contents of Articles of Incorporation; Signing, Acknowledgment and Filing.
Section 2-10-57 - Amendments to Articles of Incorporation.
Section 2-10-58 - Provisions of Bylaws.
Section 2-10-59 - Regular and Special Meetings of Members.
Section 2-10-60 - Selection of Directors; Contracts With Association; Vacancies.
Section 2-10-63 - Removal of Officer or Director.
Section 2-10-64 - Referring Questions to Entire Membership.
Section 2-10-65 - Marketing Contracts.
Section 2-10-66 - Exchange of Stock.
Section 2-10-67 - Annual Report of Association.
Section 2-10-68 - Conflicting Laws Not Applicable.
Section 2-10-69 - Association May Form, Own or Control Another Corporation.
Section 2-10-70 - Agreements Between Associations.
Section 2-10-71 - Association Not a Monopoly.
Section 2-10-72 - Applicability of General Corporation Laws.
Section 2-10-73 - Fees to Probate Judges and Secretary of State.
Section 2-10-74 - Fees for Filing Articles of Incorporation.