Ala. Code § 22-3A-20

Current through the 2024 Regular Session.

Section 22-3A-20 - 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 entity.

Ala. Code § 22-3A-20 (1975)

Acts 1990, No. 90-598, §20.