Ala. Code § 16-47A-10

Current through the 2024 Regular Session.

Section 16-47A-10 - Validity of grants or gifts; forfeiture of rights, privileges, etc

No grant or gift, by will or otherwise, shall fail on account of any misnomer or informality when the intent of the grantor or donor can be determined; nor shall any default, malfeasance, or nonuser on the part of the trustees or other officers or agents of such corporation work a forfeiture of any of its rights, privileges, powers, or franchises.

Ala. Code § 16-47A-10 (1975)

Added by Act 2012-497,§ 11, eff. 10/1/2012.