There is a newer version
of
this Section
2022 Code of Alabama
Title 41 - State Government.
Chapter 10 - Authorities.
Article 2A - Additional Powers of State Industrial Development Authority.
Section 41-10-44.15 - Earnings of the Authority.
Universal Citation: AL Code § 41-10-44.15 (2022)
Section 41-10-44.15
Earnings of the authority.
The authority is a nonprofit corporation and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm or corporation.
(Acts 1993, 1st Ex. Sess., No. 93-851, p. 79, §1.)
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.
