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2015 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-4-3.06 - Directors and officers.

AL Code § 10A-4-3.06 (2015) What's This?
Section 10A-4-3.06Directors and officers.

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.

(Acts 1983, No. 83-514, p. 763, §14; §10-4-393; amended and renumbered by Act 2009-513, p. 967, §205.)

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