No grant or gift of any property, real or personal, by will or otherwise, shall fail by reason of any misnomer or informality, when the intent of the grantor or donor can be determined; nor shall any default, malfeasance, or non-use on the part of the trustees or other officers or agents of the corporation work a forfeiture of any of its rights, privileges, powers, or franchises.
Ala. Code § 16-56-11
Grant or Gift Not to Fail for Informality; Default, Etc., of Trustees Not to Work Forfeiture.
(Acts 1967, No. 420, p. 1084, §9; Acts 1997, No. 97-586, p. 1035, §11.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.