Alabama Statutes

§ 10A-20-16.02 — Definitions

Alabama § 10A-20-16.02
JurisdictionAlabama
Title 10AAlabama Business and Nonprofit Entities Code
Ch. 20Special Purpose Entities
Art. 16Liability of Officers of Nonprofit Organizations

This text of Alabama § 10A-20-16.02 (Definitions) 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-20-16.02 (2026).

Text

The following terms shall have the following respective meanings for the purposes of this chapter:

(1)OFFICER. Any officer, director, trustee, partner, manager, member, and governing person and other member of the governing authority of a qualified entity who does not receive compensation for serving in such capacity. A per diem amount of not more than three hundred dollars ($300) per day and actual, reasonable, and necessary expenses shall not constitute compensation for the purposes of this article. Provided, however, that the immunity granted herein shall not extend to officers, directors, trustees, partners, managers, or members of any board, authority, or commission dealing with pari-mutuel betting, gambling, or games of chance.
(2)QUALIFIED ENTITY. a. Any nonprofit corporation, ass

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Legislative History

(Acts 1987, No. 87-706, p. 1242, §2; §10-11-2; amended and renumbered by Act 2009-513, p. 967, §354; Act 2020-73, §10.)

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Alabama § 10A-20-16.02, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/10A-20-16.02.