Alabama Statutes

§ 16-53-2 — Corporate Powers

Alabama·Title 16 Education·Ch. 53 University of West Alabama
Such corporation shall have all the rights, privileges, and franchises necessary to the promotion of the ends of its creation, and shall be charged with all corresponding duties, liabilities, and responsibilities. Such corporation may hold and may lease, sell, or, in any other manner not inconsistent with the object or terms of the grant or grants under which it holds, dispose of any property, real or personal, or any estate or interest therein remaining, of any grant by any governmental unit or by any person, or accruing to the corporation from any source, as it may deem best for the purposes of the university. The president with the approval of the board shall be authorized to execute any lease, deed, or other instrument of conveyance on behalf of the corporation, without additional appr

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Legislative History

(Acts 1967, No. 424, p. 1092, §3; Acts 1971, No. 1190, p. 2055, §3; Acts 1990, No. 90-523, p. 763; Act 99-701, 2nd Sp. Sess., p. 210, §1; Act 2006-576, p. 1513, §1.)

Nearby Sections

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