Ala. Code § 10A-11-1.03

Current through the 2024 Regular Session.

Section 10A-11-1.03 - Election as employee cooperative

Any corporation governed by the Alabama Business Corporation Law may elect to be governed as an employee cooperative under this chapter, by so stating in its certificate of formation or certificate of amendment filed in accordance with the Alabama Business Corporation Law.

Ala. Code § 10A-11-1.03 (1975)

Amended by Act 2019-94,§ 2, eff. 1/1/2020.

Act 97-949, p. 524, §3; §10-14-3; amended and renumbered by Act 2009-513, p. 967, § 312.