Alabama § 10A-3A-6.42 - Capital Contributions of Members.
Full text of Alabama Code of Alabama § 10A-3A-6.42 — Capital Contributions of Members., with citation guidance and answers to common questions.
§ 10A-3A-6.42. Capital Contributions of Members.
(a) A membership nonprofit corporation may provide in its certificate of incorporation or bylaws that members, upon or subsequent to admission, must make capital contributions. Except as provided in the certificate of incorporation or bylaws, the amount shall be fixed by the board of directors. The requirement of a capital contribution may apply to all members, or to the members of a single class, or to members of different classes in different amounts or proportions.
(b) The adoption or amendment of a capital contribution requirement, whether or not approved by the members, shall not apply to a member who did not vote in favor of the adoption or amendment until 30 days after notice of the adoption or amendment has been delivered to the member.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 10A-3A-6.42
What does Code of Alabama § 10A-3A-6.42 cover?
Section 10A-3A-6.42 ("Capital Contributions of Members.") 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-3A-6.42?
A common citation format is "Code of Alabama § 10A-3A-6.42" (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-3A-6.42 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.