Alabama § 10A-30-1.06 - Purposes; Applicable to Professional Associations Formed Prior to January 1, 1984.
Full text of Alabama Code of Alabama § 10A-30-1.06 — Purposes; Applicable to Professional Associations Formed Prior to January 1, 1984., with citation guidance and answers to common questions.
§ 10A-30-1.06. Purposes; Applicable to Professional Associations Formed Prior to January 1, 1984.
A professional association may be organized only for the purpose of rendering one specific kind of professional service and shall not engage in any business other than rendering the professional service for which it was organized. However, it may invest its funds in real estate, mortgages, stocks, bonds, or any other type of investment and may own real or personal property necessary or appropriate for rendering professional service.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 10A-30-1.06
What does Code of Alabama § 10A-30-1.06 cover?
Section 10A-30-1.06 ("Purposes; Applicable to Professional Associations Formed Prior to January 1, 1984.") 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-30-1.06?
A common citation format is "Code of Alabama § 10A-30-1.06" (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-30-1.06 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.