Alabama § 10A-2-8.05 Terms of Directors Generally

Alabama Statutes

§ 10A-2-8.05 — Terms of Directors Generally

Alabama § 10A-2-8.05

JurisdictionAlabama

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 2Business Corporations

Art. 8Directors and Officers

Div. ABoard of Directors

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Bluebook

Ala. Code § 10A-2-8.05 (2026).

Text

REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.

(a)The terms of the initial directors of a corporation expire at the first shareholders’ meeting at which directors are elected.

(b)The terms of all other directors expire at the next annual shareholders’ meeting following their election unless their terms are staggered under Section 10A-2-8.06.

(c)A decrease in the number of directors does not shorten an incumbent director’s term.

(d)The term of a director elected to fill a vacancy expires at the next shareholders’ meeting at which directors are elected.

(e)Despite the expiration of a director’s term, he or she continues to serve until his or her successor is elected and qualified or until there is a decrease in

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REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The terms of the initial directors of a corporation expire at the first shareholders’ meeting at which directors are elected.
(b) The terms of all other directors expire at the next annual shareholders’ meeting following their election unless their terms are staggered under Section 10A-2-8.06.
(c) A decrease in the number of directors does not shorten an incumbent director’s term.
(d) The term of a director elected to fill a vacancy expires at the next shareholders’ meeting at which directors are elected.
(e) Despite the expiration of a director’s term, he or she continues to serve until his or her successor is elected and qualified or until there is a decrease in the number of directors.