(a) A membership nonprofit corporation formed under or governed by the Alabama Nonprofit Corporation Law that elects to be governed by this chapter shall amend its certificate of incorporation by setting forth in its certificate of incorporation a statement that it is an Alabama statewide trade association as defined in Sections 10A-18-1.03(a)(1) through (6) and that it elects to be governed by this chapter. (b) An Alabama statewide trade association shall cease to be governed by this chapter if it amends its certificate of incorporation by removing the statement required in Section 10A-18-1.09(a) and shall thereafter be governed solely by the Alabama Nonprofit Corporation Law, with no right to elect to be governed by this chapter thereafter. (c) An Alabama statewide trade association shall cease to be governed by this chapter if it no longer meets the definition of an Alabama statewide trade association as set forth in Section 10A-18-1.03. If an Alabama statewide trade association ceases to be governed by this chapter in accordance with this section, then that Alabama statewide trade association shall thereafter be governed solely by the Alabama Nonprofit Corporation Law, with no right to elect to be governed by this chapter thereafter.
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