There is a newer version
of
this Section
2018 Code of Alabama
Title 16 - EDUCATION.
Chapter 7A - ALABAMA EDUCATIONAL TELEVISION FOUNDATION AUTHORITY.
Section 16-7A-6 - Disposition of assets upon dissolution.
Universal Citation: AL Code § 16-7A-6 (2018)
Section 16-7A-6Disposition of assets upon dissolution.
In the event of dissolution, the residual assets of the authority shall be turned over to another public corporation or organization which is itself exempt from federal income tax as an organization described in Section 501(c)(3) and Section 170(c) of the Internal Revenue Code of 1954, as amended.
(Acts 1982, 2nd Ex. Sess., No. 82-786, p. 289, §6.)
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.
