Entity Specific Powers; Limitations.

  1. Law
  2. Code of Alabama
  3. Alabama Business and Nonprofit Entities Code.
  4. Nonprofit Corporations.
  5. Substantive Provisions.
  6. Entity Specific Powers; Limitations.

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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