Ala. Code § 10A-18-1.03

Current through the 2024 Regular Session.

Section 10A-18-1.03 - Definitions

As used in this chapter, unless the context otherwise requires, the term:

(a) Alabama statewide trade association means a domestic entity that is formed under or is governed by the Alabama Nonprofit Corporation Law and that:

(1) is a membership nonprofit corporation as defined in the Alabama Nonprofit Corporation Law;

(2) was formed on or before January 1, 2024, and is in existence as of January 1, 2024;

(3) has its principal office or other headquarters in this state;

(4) represents or promotes the common business, professional, or industry interests of its members on a statewide basis;

(5) has elected to be governed by this chapter on or before December 31, 2024, by amending its certificate of incorporation in accordance with Section 10A-18-1.09(a); and

(6) has not ceased to be governed by this chapter in accordance with Section 10A-18-1.09(b) or Section 10A-18-1.09(c).

(b) Policies and procedures means guidelines that provide detailed instructions on how specific tasks, activities, or situations should be handled within an Alabama statewide trade association, including areas such as membership application and renewal processes, event planning and execution, code of conduct and ethics, financial management and reporting, dispute resolution, communication protocols, and operational aspects relevant to the Alabama statewide trade association's functioning.

Ala. Code § 10A-18-1.03 (1975)

Added by Act 2024-413,§ 3, eff. 6/1/2024.