Ala. Code § 41-10-403

Current through the 2024 Regular Session.

Section 41-10-403 - Operation of 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.

Ala. Code § 41-10-403 (1975)

Acts 1989, No. 89-704, p. 1402, §14.