Alabama Statutes
§ 37-7-9 — Vesting of Powers for Accomplishment of Corporate Purpose
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 37-7-9 (Vesting of Powers for Accomplishment of Corporate Purpose) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1935, No. 45, p. 100; Code 1940, T. 18, §18.)
Nearby Sections
15
§ 37-1-1
Commission Established§ 37-1-100
Effective Date of Orders§ 37-1-101
Modification of Orders§ 37-1-102
Record of Proceedings§ 37-1-105
Rehearing§ 37-1-122
Time for Appeal; How Appeal Perfected