Section 10-4-150 Duration of corporation. - Alabama Statutes

Section 10-4-150

Duration of corporation.

The period of duration of the corporation shall be 50 years, subject, however, to the right of the stockholders and the members to dissolve the corporation prior to the expiration of said period as provided in Section 10-4-151.

(Acts 1969, No. 322, p. 681, §14.)