Alabama § 37-7-5 Board of Directors - Election; Expenses; President; Secretary

Alabama Statutes

§ 37-7-5 — Board of Directors - Election; Expenses; President; Secretary

Alabama § 37-7-5

Title 37Public Utilities and Public Transportation

Ch. 7Electric Membership Corporations

This text of Alabama § 37-7-5 (Board of Directors - Election; Expenses; President; Secretary) 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 § 37-7-5 (2026).

Text

Each corporation formed under this chapter shall have a board of directors, which board shall constitute the governing body of the corporation. The directors of the corporation, other than those named in its certificate of incorporation, shall be elected annually by the members entitled to vote therefor. The directors must be members and shall not be entitled to compensation for their services but shall be entitled to reimbursement for expenses incurred by them in the performance of their duties. The board shall elect annually from its own number a president and a secretary.

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Each corporation formed under this chapter shall have a board of directors, which board shall constitute the governing body of the corporation. The directors of the corporation, other than those named in its certificate of incorporation, shall be elected annually by the members entitled to vote therefor. The directors must be members and shall not be entitled to compensation for their services but shall be entitled to reimbursement for expenses incurred by them in the performance of their duties. The board shall elect annually from its own number a president and a secretary.