Section 10-4-384 Applicability of article generally. - Alabama Statutes

Section 10-4-384

Applicability of article generally.

(a) Any corporation whose articles of incorporation include as a stated purpose the performance of professional services may be incorporated under this article by stating in its articles of incorporation that it is incorporated under this article.

(b) A professional business corporation (other than a not-for-profit professional corporation) which is subject to this article shall cease being governed by this article and shall be governed by the Alabama Business Corporation Act, if it is a domestic corporation, if it amends its articles of incorporation to delete the statement that it is organized under this article, and conforms its articles to the Alabama Business Corporation Act and, if it is a foreign corporation, complies with the applicable provisions of the Alabama Business Corporation Act. A domestic not-for-profit professional corporation which is subject to this article shall cease being governed by this article and shall be governed by the Alabama Nonprofit Corporation Act, if it is a domestic corporation, if it amends its articles of incorporation to delete the statement that it is organized under this article, and conforms its articles to the Alabama Nonprofit Corporation Act and, if it is a foreign corporation, complies with the applicable provisions of the Alabama Nonprofit Corporation Act.

(c) Any corporation which is not subject to this article may become subject to this article, if it is a domestic corporation, by conforming its articles to this article.

(d) Any foreign professional corporation which renders professional services in Alabama shall be subject to this article.

(Acts 1983, No. 83-514, p. 763, §5.)