Alabama Code (Last Updated: November 28, 2014) |
Title10A ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE. |
Chapter3. NONPROFIT CORPORATIONS. |
Article2. Substantive Provisions. |
DivisionD. Entity Specific Powers; Limitations. |
§ 10A-3-2.41. Shares of stock and dividends prohibited; compensation and benefits permitted. |
§ 10A-3-2.42. Loans to directors and officers prohibited. |
§ 10A-3-2.43. Power to indemnify directors or officers. |
§ 10A-3-2.44. Assertion of lack of capacity or power; defense of ultra vires |