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.
Ala. Code § 41-10-431
Authority as Nonprofit Corporation.
(Acts 1990, No. 90-293, p. 396, §12.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.