{"data":{"id":"us-al/ala.-code-10a-20-7.06","jurisdiction":"us-al","citation":"Ala. Code § 10A-20-7.06","heading":"Membership - Withdrawal.","body":"(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.\n(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.","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-20-7.06","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"615df83bf6985792859fa9c66a25d431fe47e7f53f03caaf34c107a601196162","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-20-7.05","next":"us-al/ala.-code-10a-20-7.07"},"notice":"GroundRules: Original legal text. Not legal advice."}