Ala. Code § 41-10-283

Current through the 2024 Regular Session.
Section 41-10-283 - Earnings of authority

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 entity.

Ala. Code § 41-10-283 (1975)

Acts 1986, No. 86-420, p. 627, §24.