{"data":{"id":"us-al/ala.-code-11-97-21","jurisdiction":"us-al","citation":"Ala. Code § 11-97-21","heading":"Disposition of Net Earnings of Corporation.","body":"Every corporation shall be a nonprofit public corporation and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any private person, 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 a corporation, then any net earnings of a corporation thereafter accruing shall be paid to its determining subdivision.","path":["Title 11 Counties and Municipal Corporations.","Title 3 Provisions Applicable to Counties and Municipal Corporations.","Chapter 97 Construction and Improvement of Utility Services Facilities."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=11-97-21","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"2e52714846fe563a7c69503f17cbcf00b17656b847742f7105d145368ab2fd90","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-11-97-20","next":"us-al/ala.-code-11-97-22"},"notice":"GroundRules: Original legal text. Not legal advice."}