{"data":{"id":"us-al/ala.-code-10a-5-5.05","jurisdiction":"us-al","citation":"Ala. Code § 10A-5-5.05","heading":"Purchase of Interest of Member Whose Membership Has Ceased. Repealed in the 2014 Regular Session by Act 2014-144 Effective January 1, 2017.","body":"Unless the governing documents of a limited liability company or a private agreement provide for the purchase of the interest of a former member whose membership has ceased, neither the limited liability company nor its members shall be obligated to purchase the interest of a former member whose membership has ceased.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 5 Limited Liability Companies.","Article 5 Contributions and Distributions."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-5-5.05","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"4acc5ff618cb2be231d4b78a629a2b703de5f456600c4a82351a6e0ebf2c511c","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-5-5.04","next":"us-al/ala.-code-10a-5-6.01"},"notice":"GroundRules: Original legal text. Not legal advice."}