Ala. Code § 41-10-44.15

Current through the 2024 Regular Session.

Section 41-10-44.15 - Earnings of the authority

The authority is a nonprofit corporation and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm or corporation.

Ala. Code § 41-10-44.15 (1975)

Acts 1993, 1st Ex. Sess., No. 93-851, p. 79, §1.