Ala. Code § 41-10-368

Current through the 2024 Regular Session.

Section 41-10-368 - Authority is 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 entity.

Ala. Code § 41-10-368 (1975)

Acts 1988, No. 88-475, p. 739, §19.