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.
Structure Code of Alabama
Article 13 - Real Estate Commission Building Authority.
Section 41-10-420 - Legislative Intent.
Section 41-10-421 - Real Estate Commission Building Authority Established; Composition; Powers.
Section 41-10-422 - Commission to Become Public Corporation.
Section 41-10-423 - Certificate of Incorporation.
Section 41-10-424 - Board of Directors.
Section 41-10-425 - Powers of the Authority.
Section 41-10-426 - Notes of the Authority.
Section 41-10-429 - Properties, etc., Forever Exempt From Any and All Taxation.
Section 41-10-430 - Contracts and Obligations Not Debts of State.