{"data":{"id":"us-al/ala.-code-11-66a-17","jurisdiction":"us-al","citation":"Ala. Code § 11-66A-17","heading":"Corridor Shall Be Nonprofit Corporation.","body":"A research and development corridor shall be a nonprofit corporation, and no part of a research and development corridor’s 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, financial obligations, and other obligations of a research and development corridor, then any portion, as determined by the board, of the net earnings of a research and development corridor thereafter accruing, in the discretion of the board, may be paid to one or more of the corridor’s authorizing subdivisions.","path":["Title 11 Counties and Municipal Corporations.","Title 2 Provisions Applicable to Municipal Corporations Only.","Chapter 66A Research and Development Corridors"],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=11-66A-17","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:54Z","sha256":"33a1d81929864849f0c71f92e1549940a164bef3f66942742b6e9972a2333c03","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-11-66a-16","next":"us-al/ala.-code-11-66a-18"},"notice":"GroundRules: Original legal text. Not legal advice."}