No grant or gift, by will or otherwise, shall fail on account of any misnomer or informality when the intent of the grantor or donor can be arrived at; nor shall any default, malfeasance, misfeasance or nonuser, on the part of the trustees or other officers or agents of such corporation, work a forfeiture of any of its rights, privileges, powers or franchises.
Structure Code of Alabama
Chapter 48 - Auburn University.
Section 16-48-1 - Body Corporate.
Section 16-48-2 - Corporate Powers.
Section 16-48-3 - Interest on Federal Fund Paid by State.
Section 16-48-4 - Organization and Conduct.
Section 16-48-5 - Trustees Divided Into Classes.
Section 16-48-6 - Vacancy in Office of Trustee.
Section 16-48-7 - Meetings of Board of Trustees.
Section 16-48-8 - Quorum of Trustees.
Section 16-48-9 - Expenses of Trustees.
Section 16-48-10 - Gifts Preserved.