{"data":{"id":"us-al/ala.-code-10a-20-7.05","jurisdiction":"us-al","citation":"Ala. Code § 10A-20-7.05","heading":"Membership - Application; When Effective.","body":"Any financial institution may request membership in the corporation by making application to the board of directors on the form in the manner as the board of directors may require, and membership shall become effective upon acceptance of the application by the board.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 20 Special Purpose Entities.","Article 7 Industrial Development Corporation."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-20-7.05","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"8fca2fd6cfe3032529d25d368fb07290230a85e28ad5f1c44c9f28203f3ab613","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-20-7.04","next":"us-al/ala.-code-10a-20-7.06"},"notice":"GroundRules: Original legal text. Not legal advice."}