Alabama Code (Last Updated: November 28, 2014) |
Title10A ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE. |
Chapter1. GENERAL PROVISIONS. |
Article2. Purposes and Powers of Domestic Entity. |
DivisionB. Powers of Domestic Entity. |
§10A-1-2.15. Limitation on powers.
Latest version.
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This division does not authorize a domestic entity or a managerial official of a domestic entity to exercise a power in a manner inconsistent with a limitation on the purposes or powers of the entity contained in its governing documents, this title, or other law of this state.