State Codes and Statutes
Statutes > Alabama > Title41 > Chapter10 > 41-10-403Section 41-10-403
Operation of authority as nonprofit corporation.
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 person or entity.
(Acts 1989, No. 89-704, p. 1402, §14.)