There is a newer version of the Code of Alabama
2006 Alabama Code - Section 34-3-108 — Nonprofit and public nature of foundation.
It is the intention of this article that the foundation be a nonprofit public corporation. No part of the net earnings of the foundation shall inure to the benefit of any private individual, firm or corporation.
(Acts 1961, No. 670, p. 917, §9.)
Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
