(a) A membership in a membership nonprofit corporation may be terminated or suspended for the reasons and in the manner provided in the certificate of incorporation or bylaws.
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Terms Used In Alabama Code 10A-3A-6.21

  • 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.
  • year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1
(b) A proceeding challenging a termination or suspension for any reason must be commenced within one year after the effective date of the termination or suspension.
(c) The termination or suspension of a member does not relieve the member from any obligations incurred or commitments made prior to the termination or suspension.
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