Alabama Statutes

§ 37-7-9 — Vesting of Powers for Accomplishment of Corporate Purpose

Alabama § 37-7-9
JurisdictionAlabama
Title 37Public Utilities and Public Transportation
Ch. 7Electric Membership Corporations

This text of Alabama § 37-7-9 (Vesting of Powers for Accomplishment of Corporate Purpose) 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 § 37-7-9 (2026).

Text

Each corporation formed under this chapter is vested with all power necessary or requisite for the accomplishment of its corporate purpose and capable of being delegated by the Legislature of Alabama; and no enumeration of particular powers granted shall be construed to impair any general grant of power contained in this chapter, nor to limit any such grant to a power or powers of the same class or classes as those so enumerated.

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Legislative History

(Acts 1935, No. 45, p. 100; Code 1940, T. 18, §18.)

Nearby Sections

15
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Bluebook (online)
Alabama § 37-7-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/37-7-9.