(a) A membership nonprofit corporation may levy dues, assessments, fees, fines, late charges, interest, penalties, and other such sums on its members to the extent authorized in the certificate of incorporation or bylaws. Dues, assessments, fees, fines, late charges, interest, penalties, and other such sums may be imposed on members of the same class either alike or in different amounts or proportions, and may be imposed on a different basis on different classes of members. Members of a class may be made exempt from dues, assessments, fees, fines, late charges, interest, penalties, and other such sums to the extent provided in the certificate of incorporation or bylaws.
non profit

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Terms Used In Alabama Code 10A-3A-6.13

  • certificate of incorporation: as used in this chapter is synonymous to the term certificate of formation used in Chapter 1. See Alabama Code 10A-3A-1.02
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) The amount and method of collection of dues, assessments, fees, fines, late charges, interest, penalties, and other such sums may be fixed in the certificate of incorporation or bylaws, or the certificate of incorporation or bylaws may authorize the board of directors or members to fix the amount and method of collection.
(c) The certificate of incorporation or bylaws may provide reasonable means to enforce the collection of dues, assessments, fees, fines, late charges, interest, penalties, and other such sums, including, but not limited to, termination, suspension, or reinstatement of membership.
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