Alabama Statutes

§ 16-47A-10 — Validity of Grants or Gifts; Forfeiture of Rights, Privileges, Etc

Alabama·Title 16 Education·Ch. 47A Athens State University

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 determined; nor shall any default, malfeasance, 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.

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Legislative History

(Act 2012-497, p. 1460, §11.)

Nearby Sections

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