Ala. Code § 41-10-431

Current through the 2024 Regular Session.

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.

Ala. Code § 41-10-431 (1975)

Acts 1990, No. 90-293, p. 396, §12.