Alabama § 10A-2A-8.06 Staggered Terms for Directors

Alabama Statutes

§ 10A-2A-8.06 — Staggered Terms for Directors

Alabama § 10A-2A-8.06

JurisdictionAlabama

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 2AAlabama Business Corporation Law

Art. 8Directors and Officers

Div. ABoard of Directors

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Bluebook

Ala. Code § 10A-2A-8.06 (2026).

Text

The certificate of incorporation may provide for staggering the terms of directors by dividing the total number of directors into two or three groups, with each group containing half or one-third of the total, as near as may be practicable. In that event, the terms of directors in the first group expire at the first annual stockholders’ meeting after their election, the terms of the second group expire at the second annual stockholders’ meeting after their election, and the terms of the third group, if any, expire at the third annual stockholders’ meeting after their election. At each annual stockholders’ meeting held thereafter, directors shall be elected for a term of two years or three years, as the case may be, to succeed those whose terms expire.

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The certificate of incorporation may provide for staggering the terms of directors by dividing the total number of directors into two or three groups, with each group containing half or one-third of the total, as near as may be practicable. In that event, the terms of directors in the first group expire at the first annual stockholders’ meeting after their election, the terms of the second group expire at the second annual stockholders’ meeting after their election, and the terms of the third group, if any, expire at the third annual stockholders’ meeting after their election. At each annual stockholders’ meeting held thereafter, directors shall be elected for a term of two years or three years, as the case may be, to succeed those whose terms expire.