Alabama § 10A-11-1.07 Directors and Officers

Alabama Statutes

§ 10A-11-1.07 — Directors and Officers

Alabama § 10A-11-1.07

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 11Employee Cooperative Corporations

This text of Alabama § 10A-11-1.07 (Directors and Officers) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 10A-11-1.07 (2026).

Text

(a)The bylaws of an employee cooperative shall provide for the election, terms, classification, if any, and removal of directors and officers.

(b)Nonmembers may serve as directors or officers of an employee cooperative but at no time shall the number of nonmember directors or officers exceed 25 percent of the total number of directors or officers.

(c)Vacancies in director positions resulting from death, resignation, or removal shall be filled by vote of the member directors or by vote of the members.

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(a) The bylaws of an employee cooperative shall provide for the election, terms, classification, if any, and removal of directors and officers.
(b) Nonmembers may serve as directors or officers of an employee cooperative but at no time shall the number of nonmember directors or officers exceed 25 percent of the total number of directors or officers.
(c) Vacancies in director positions resulting from death, resignation, or removal shall be filled by vote of the member directors or by vote of the members.