2013 Code of Alabama
Title 16 - EDUCATION.
Chapter 47 - UNIVERSITY OF ALABAMA.
Section 16-47-3 - Power to hold and dispose of property.
Such corporation may hold and may lease, sell or in any other manner not inconsistent with the object or terms of the grant or grants under which it holds dispose of any property, real or personal, or any estate or interest therein, remaining of the original or any subsequent grant by Congress, or by this state, or by any person, or accruing to the corporation from any source, including also the proceeds of the University Fund, as to it may seem best for the purposes of its institution.
(School Code 1927, §545; Code 1940, T. 52, §488.)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.
