Alabama § 10A-4-5.08 Application to Existing Corporations

Alabama Statutes

§ 10A-4-5.08 — Application to Existing Corporations

Alabama § 10A-4-5.08

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 4Professional Corporations

Art. 5Regulation of Professional Corporations; Foreign Professional Corporations; Application to Existing Corporations

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Bluebook

Ala. Code § 10A-4-5.08 (2026).

Text

(a)The provisions of this chapter shall apply to all existing corporations organized under the statute formerly codified as Article 11 of Chapter 4, Title 10 and repealed by Acts 1983, No. 83-514, effective January 1, 1984; provided, that any professional corporation, or nonprofit corporation, in existence on December 31, 1983, in which duly licensed medical and dental professionals are stockholders, or in the case of a nonprofit professional corporation, render medical and dental services, shall be deemed to be in compliance with Sections 10A-4-2.01 and 10A-4-2.03, as amended, and other applicable provisions of this chapter. The repeal of a prior act by this chapter shall not impair, or otherwise affect, the organization or continued existence of an existing domestic professional corpora

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(a) The provisions of this chapter shall apply to all existing corporations organized under the statute formerly codified as Article 11 of Chapter 4, Title 10 and repealed by Acts 1983, No. 83-514, effective January 1, 1984; provided, that any professional corporation, or nonprofit corporation, in existence on December 31, 1983, in which duly licensed medical and dental professionals are stockholders, or in the case of a nonprofit professional corporation, render medical and dental services, shall be deemed to be in compliance with Sections 10A-4-2.01 and 10A-4-2.03, as amended, and other applicable provisions of this chapter. The repeal of a prior act by this chapter shall not impair, or otherwise affect, the organization or continued existence of an existing domestic professional corporation nor the right of any foreign professional corporation presently qualified to render professional services in this state to continue to do so without again qualifying to render professional services in this state.
(b) Any unincorporated professional association organized under
Article 1 of Chapter 30
may become subject to the provisions of this chapter by amending its certificate of association as a certificate of
incorporation
in compliance with this chapter, and delivering its certificate of
incorporation
to the Secretary of State for filing.
(c) Any domestic nonprofit corporation rendering professional services may become subject to the provisions of this chapter by amending its certificate of
incorporation
in compliance with this chapter and delivering the amendment to its certificate of
incorporation
to the Secretary of State for filing.
(d) The provisions of this chapter shall not apply to any unincorporated professional association now in existence under Section 10A-30-1.01, or to any domestic nonprofit corporation rendering professional services unless the association or nonprofit corporation voluntarily becomes subject to this chapter as herein provided, and nothing contained in this chapter shall alter or affect any existing or future right or privilege permitting or not prohibiting performance of professional services through the use of any other form of business organization.

Legislative History

(Acts 1983, No. 83-514, p. 763, §24; Acts 1984, No. 84-259, p. 431, §1; Acts 1988, 1st Ex. Sess., No. 88-905, p. 474, §1; §10-4-403; amended and renumbered by Act 2009-513, p. 967, §209; Act 2020-73, §10; Act 2024-413, §1.)