143 chapters · 3,669 sections in this title.
Ala. Code § 11-66A-16 Applicability of Certain State Laws
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(a) A research and development corridor shall be subject to Chapter 25 of Title 36, but board members shall not be required to file a statement of economic interests under Section 36-25-14, or any successor to that law. (b) Except as otherwise provided in this chapter, a research…
Ala. Code § 11-66A-17 Corridor Shall Be Nonprofit Corporation
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A research and development corridor shall be a nonprofit corporation, and no part of a research and development corridor’s net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm, or corporation, except that in the event a board sha…
Ala. Code § 11-66A-18 Dissolution of Corridor; Vesting of Title to Property of Corridor
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At any time when a research and development corridor has no financial obligations or other executory agreements outstanding, its board may adopt a resolution, which shall be entered upon its minutes, declaring that the corridor shall be dissolved. Upon filing for record of a cert…
Ala. Code § 11-66A-19 Incorporation of Multiple Corridors by Same Authorizing Subdivision
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The existence of a research and development corridor incorporated under this chapter shall not prevent the subsequent incorporation under this chapter of another corridor pursuant to authority granted by the same authorizing subdivision. (Act 2024-308, §19.)