Alabama § 40-9-16 Property of Corporation or Association Formed for Social or Literary Advancement and Used in Connection with College or University

Alabama Statutes

§ 40-9-16 — Property of Corporation or Association Formed for Social or Literary Advancement and Used in Connection with College or University

Alabama § 40-9-16

Title 40Revenue and Taxation

Ch. 9Exemptions from Taxation and Licenses

Art. 1General Provisions

This text of Alabama § 40-9-16 (Property of Corporation or Association Formed for Social or Literary Advancement and Used in Connection with College or University) 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 § 40-9-16 (2026).

Text

The property of corporations or associations formed and organized in good faith for the social or literary advancement of their members and not for pecuniary purposes nor for individual profit and used as an adjunct of or in connection with any college or university and approved by the governing body of said college or university in this state shall be exempt from all state, county and municipal taxation, but if used for any other purpose or not as an adjunct of or in connection with any college or university it shall not be so exempt.

Free access — add to your briefcase to read the full text and ask questions with AI

The property of corporations or associations formed and organized in good faith for the social or literary advancement of their members and not for pecuniary purposes nor for individual profit and used as an adjunct of or in connection with any college or university and approved by the governing body of said college or university in this state shall be exempt from all state, county and municipal taxation, but if used for any other purpose or not as an adjunct of or in connection with any college or university it shall not be so exempt.