No grant or gift, by will or otherwise, shall fail on account of any misnomer or informality when the intent of the grantor or donor can be arrived at, nor shall any default, malfeasance, misfeasance or nonuser, on the part of the trustees or other officers or agents of such corporation, work a forfeiture of any of its rights, privileges, powers or franchises.
Ala. Code § 16-52-11
Grant or Gift Not to Fail for Informality; Default, Etc., of Trustees, Officers or Agents Not to Work Forfeiture.
(Acts 1967, No. 239, p. 615, §9.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.