Alabama Statutes
§ 16-7A-6 — Disposition of Assets Upon Dissolution
Alabama § 16-7A-6
This text of Alabama § 16-7A-6 (Disposition of Assets Upon Dissolution) 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 § 16-7A-6 (2026).
Text
In the event of dissolution, the residual assets of the authority shall be turned over to another public corporation or organization which is itself exempt from federal income tax as an organization described in Section 501(c)(3) and Section 170(c) of the Internal Revenue Code of 1954, as amended.
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Legislative History
(Acts 1982, 2nd Ex. Sess., No. 82-786, p. 289, §6.)
Nearby Sections
15
§ 16-1-1
Definitions§ 16-1-11.5
Teacher Certification§ 16-1-16.1
Alabama Council on Family and Children§ 16-1-17
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Bluebook (online)
Alabama § 16-7A-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/16-7A-6.