2018 Code of Alabama
Title 16 - EDUCATION.
Chapter 44A - ALABAMA COMPACT FOR LEADERSHIP AND CITIZENSHIP EDUCATION.
Article 1 - General Provisions.
Section 16-44A-17 - Distribution of residual assets in the event of dissolution of compact.

Universal Citation: AL Code § 16-44A-17 (2018)
Section 16-44A-17Distribution of residual assets in the event of dissolution of compact.

In the event of dissolution of the compact, which may be accomplished only by legislative act, the residual assets shall be turned over to another public corporation or organization which is exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code.

(Acts 1994, No. 94-482, p. 799, §17.)
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.