The authority shall be a nonprofit corporation, and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any private entity.
History: (Acts 1986, No. 86-420, p. 627, §24.)
Ala. Code § 41-10-283 — under Title 41.
Ala. Code § 41-10-283
The authority shall be a nonprofit corporation, and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any private entity.
History: (Acts 1986, No. 86-420, p. 627, §24.)