Alabama § 41-10-805 Corporation Contracts

Alabama Statutes

§ 41-10-805 — Corporation Contracts

Alabama § 41-10-805

Title 41State Government

Ch. 10Authorities

Art. 20Alabama Innovation Corporation

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Bluebook

Ala. Code § 41-10-805 (2026).

Text

The board may enter into contracts, leases, agreements, investments, and may otherwise expend monies without compliance with Article 5, commencing with Section 41-4-110, of Chapter 4 of Title 41 and Chapter 2 of Title 39. Solely as a result of entering into contracts, leases, agreements, investments, or otherwise, no for-profit or nonprofit private entity, nor the officers, employees, agents, or directors of any of the foregoing, shall become subject to Chapter 25 or Chapter 25A of Title 36; Article 5, commencing with Section 41-4-110, of Chapter 4 of Title 41; Chapter 2 of Title 39; or Article 3, commencing with Section 36-12-40, of Chapter 12 of Title 36 .

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The board may enter into contracts, leases, agreements, investments, and may otherwise expend monies without compliance with Article 5, commencing with Section 41-4-110, of Chapter 4 of Title 41 and Chapter 2 of Title 39. Solely as a result of entering into contracts, leases, agreements, investments, or otherwise, no for-profit or nonprofit private entity, nor the officers, employees, agents, or directors of any of the foregoing, shall become subject to Chapter 25 or Chapter 25A of Title 36; Article 5, commencing with Section 41-4-110, of Chapter 4 of Title 41; Chapter 2 of Title 39; or Article 3, commencing with Section 36-12-40, of Chapter 12 of Title 36 .