Section 37-7-9 Vesting of powers for accomplishment of corporate purpose. - Alabama Statutes

Section 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.

(Acts 1935, No. 45, p. 100; Code 1940, T. 18, §18.)