Ala. Code § 10A-3A-11.04 (2026) – Approval by Specified Person or Group of Persons. | Midpage
§ 10A-3A-11.04
Ala. Code § 10A-3A-11.04 (2026)
Approval by Specified Person or Group of Persons.
(Act 2023-503, §1.)
(a) The certificate of incorporation of a membership nonprofit corporation may require that a dissolution of a membership nonprofit corporation under Section 10A-3A-11.02 be approved in writing by a specified person or group of persons in addition to the board of directors and members.
(b) The certificate of incorporation of a nonmembership nonprofit corporation may require that a dissolution of a nonmembership nonprofit corporation under Section 10A-3A-11.03 be approved in writing by a specified person or group of persons in addition to the board of directors.
(c) A requirement in the certificate of incorporation described in subsection (a) or (b) may only be approved by the written approval of the specified person or group of persons.