{"data":{"id":"us-al/ala.-code-10a-1-3.21","jurisdiction":"us-al","citation":"Ala. Code § 10A-1-3.21","heading":"Rights of Governing Persons in Certain Cases.","body":"(a) In discharging a duty or exercising a power, a governing person, including a governing person who is a member of a committee, in good faith and with ordinary care, may rely on information, opinions, reports, or statements, including financial statements and other financial data, concerning a domestic entity or another person and prepared or presented by:\n(1) an officer or employee of the entity;\n(2) legal counsel;\n(3) a public accountant or certified public accountant;\n(4) an investment banker;\n(5) a person who the governing person reasonably believes possesses professional expertise in the matter; or\n(6) a committee of the governing authority of which the governing person is not a member.\n(b) A governing person may not in good faith rely on the information described by subsection (a) if the governing person has knowledge of a matter that makes the reliance unwarranted.\n(c) A governing person held liable on a claim is entitled to contribution from each of the other governing persons held liable on the same claim, as appropriate to achieve equity.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 1 General Provisions.","Article 3 Formation and Governance.","Division C Governing Persons and Officers."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-1-3.21","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"1c63351a38f985ce5c9526495b20626155efe515bbfb962d1ceaa76b60882f30","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-1-3.18","next":"us-al/ala.-code-10a-1-3.22"},"notice":"GroundRules: Original legal text. Not legal advice."}