Alabama § 9-10-12 Officers of Corporation Not to Be Interested in Contracts, Etc.; Penalty

Alabama Statutes

§ 9-10-12 — Officers of Corporation Not to Be Interested in Contracts, Etc.; Penalty

Alabama § 9-10-12

Title 9Conservation and Natural Resources

Ch. 10Water Conservation and Irrigation

Art. 1Water Conservation and Irrigation Agency

This text of Alabama § 9-10-12 (Officers of Corporation Not to Be Interested in Contracts, Etc.; Penalty) 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 § 9-10-12 (2026).

Text

No officer of the corporation shall have any interest, directly or indirectly, in any contract awarded or to be awarded or in the profit to be derived therefrom. Any violation of this section shall constitute a misdemeanor and, upon conviction, shall work a forfeiture of office and shall be punishable by a fine not exceeding $500.00 or by imprisonment in the county jail not exceeding six months or by both fine and imprisonment.

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No officer of the corporation shall have any interest, directly or indirectly, in any contract awarded or to be awarded or in the profit to be derived therefrom. Any violation of this section shall constitute a misdemeanor and, upon conviction, shall work a forfeiture of office and shall be punishable by a fine not exceeding $500.00 or by imprisonment in the county jail not exceeding six months or by both fine and imprisonment.