Ala. Code § 10A-3A-6.43 (2026) – Shares of Stock Prohibited. | Midpage

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Code of Alabama

§ 10A-3A-6.43

Ala. Code § 10A-3A-6.43 (2026)

Shares of Stock Prohibited.

(Act 2023-503, §1.)

A nonprofit corporation shall not have or issue shares of stock.

(Act 2023-503, §1.)