Alabama § 10A-20-7.06 - Membership - Withdrawal.
Full text of Alabama Code of Alabama § 10A-20-7.06 — Membership - Withdrawal., with citation guidance and answers to common questions.
§ 10A-20-7.06. Membership - Withdrawal.
(a) Membership in the corporation shall be for the duration of the corporation; provided, that upon written notice given to the corporation five years in advance, a member may withdraw from membership in the corporation at the expiration date of the notice.
(b) A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to notice of the intended withdrawal of the member.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 10A-20-7.06
What does Code of Alabama § 10A-20-7.06 cover?
Section 10A-20-7.06 ("Membership - Withdrawal.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 10A-20-7.06?
A common citation format is "Code of Alabama § 10A-20-7.06" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 10A-20-7.06 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.