Alabama Statutes

§ 41-10-368 — Authority Is Nonprofit Corporation

Alabama·Title 41 State Government·Ch. 10 Authorities·Art. 11 Alabama Mental Health Finance Authority
The authority shall be a nonprofit corporation, and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any private entity.

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Legislative History

(Acts 1988, No. 88-475, p. 739, §19.)

Nearby Sections

15
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