{"data":{"id":"us-al/ala.-code-11-47-232","jurisdiction":"us-al","citation":"Ala. Code § 11-47-232","heading":"Authority as Nonprofit Corporation.","body":"An 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 individual, firm, or corporation, except that in the event a board shall determine that sufficient provision has been made for the full payment of the expenses, bonds, and other obligations of an authority, then any portion, as determined by the board, of the net earnings of an authority thereafter accruing may, in the discretion of the board, be paid to one or more of its authorizing subdivisions.","path":["Title 11 Counties and Municipal Corporations.","Title 2 Provisions Applicable to Municipal Corporations Only.","Chapter 47 Powers, Duties and Liabilities Generally.","Article 9 Parks, Playgrounds, and Other Recreational and Athletic Areas and Facilities."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=11-47-232","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:51Z","sha256":"9a98399a2f6c682b7f7aa8f8a5a498720a032d5e2322e32b5438c68b8765bd84","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-11-47-231","next":"us-al/ala.-code-11-47-233"},"notice":"GroundRules: Original legal text. Not legal advice."}