Officer Immune From Suit; Exception for Willful Misconduct, Fraud or Gross Negligence; For-Profit Subsidiary Not Immune.

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  2. Code of Alabama
  3. Corporations, Partnerships, and Associations.
  4. Liability of Officers of Nonprofit Organizations.
  5. Officer Immune From Suit; Exception for Willful Misconduct, Fraud or Gross Negligence; For-Profit Subsidiary Not Immune.

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Section 10-11-3

Officer immune from suit; exception for willful misconduct, fraud or gross negligence; for-profit subsidiary not immune.

All provisions of Title 10 have been repealed or transferred to Title 10A, effective January 1, 2011.

(Acts 1987, No. 87-706, p. 1242, §3.)


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