Alabama Statutes

§ 16-44A-17 — Distribution of Residual Assets in the Event of Dissolution of Compact

Alabama § 16-44A-17
JurisdictionAlabama
Title 16Education
Ch. 44AAlabama Compact for Leadership and Citizenship Education
Art. 1General Provisions

This text of Alabama § 16-44A-17 (Distribution of Residual Assets in the Event of Dissolution of Compact) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ala. Code § 16-44A-17 (2026).

Text

In the event of dissolution of the compact, which may be accomplished only by legislative act, the residual assets shall be turned over to another public corporation or organization which is exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code.

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Legislative History

(Acts 1994, No. 94-482, p. 799, §17.)

Nearby Sections

15
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Bluebook (online)
Alabama § 16-44A-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/16-44A-17.