No grant or gift of any property, real or personal, by will or otherwise, shall fail by reason of any misnomer or informality, when the intent of the grantor or donor can be determined; nor shall any default, malfeasance, or non-use on the part of the trustees or other officers or agents of the corporation work a forfeiture of any of its rights, privileges, powers, or franchises.
Structure Code of Alabama
Section 16-56-1 - Body Corporate; Rights, Duties, Property, Etc. of Troy University.
Section 16-56-2 - Rights, Privileges, Responsibilities, etc., of Corporation.
Section 16-56-3 - Board of Trustees - Membership; Appointment; Terms.
Section 16-56-4 - Board of Trustees - Meetings.
Section 16-56-5 - Board of Trustees - Quorum; Meetings of Standing Committees.
Section 16-56-6 - Board of Trustees - Chancellor; Powers as to Organization and Administration.
Section 16-56-7 - Board of Trustees - Transfer of Jurisdiction, etc., to Board of Trustees.
Section 16-56-8 - Board of Trustees - Vacancy in Office.
Section 16-56-9 - Board of Trustees - Payment of Expenses.
Section 16-56-10 - Board of Trustees - Reports to Legislature.