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Section 41-10-431 Authority As Nonprofit Corporation.

Section 41-10-431

Authority as nonprofit corporation.

The authority shall be a nonprofit corporation, and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any private person or entity.

(Acts 1990, No. 90-293, p. 396, §12.)

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Local Government
Alabama
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Kay Ivey
Kay Ivey
April 10, 2017 -
Republican
1-334-242-3935
600 Dexter Ave., Montgomery, AL, 36104

Keywords
authority
inure
earnings
net
remaining
private
entity
payment
expenses
benefit