Alabama Statutes
§ 16-44A-17 — Distribution of Residual Assets in the Event of Dissolution of Compact
Alabama·Title 16 Education·Ch. 44A Alabama Compact for Leadership and Citizenship Education·Art. 1 General Provisions
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
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§ 16-1-1
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