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ALABAMA STATUTES AND CODES

Section 41-10-403 Operation of authority as nonprofit corporation.

Section 41-10-403

Operation of authority as nonprofit corporation.

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 person or entity.

(Acts 1989, No. 89-704, p. 1402, §14.)

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