2019 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 3 - Nonprofit Corporations.
Article 2 - Substantive Provisions.
Division D - Entity Specific Powers; Limitations.
- Section 10A-3-2.41 - Shares of stock and dividends prohibited; compensation and benefits permitted.
- Section 10A-3-2.42 - Loans to directors and officers prohibited.
- Section 10A-3-2.43 - Power to indemnify directors or officers.
- Section 10A-3-2.44 - Assertion of lack of capacity or power; defense of ultra vires
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