{"data":{"id":"us-al/ala.-code-45-49-90.11","jurisdiction":"us-al","citation":"Ala. Code § 45-49-90.11","heading":"Earnings of the Corporation.","body":"The corporation 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 the board of directors of the corporation shall determine that sufficient provision has been made for the full payment of expenses, bonds, and other obligations of the corporation, then any net earnings of the corporation thereafter accruing shall be disposed of in accordance with the articles of incorporation.","path":["Title 45 Local Laws.","Chapter 49 Mobile County.","Article 9 Economic and Industrial Development and Tourism.","Part 1 Industrial Parks."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=45-49-90.11","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"ff1ffec40d470a9cfdc69def010c303099761a17c3180a92162aaeafee2e7547","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-45-49-90.10","next":"us-al/ala.-code-45-49-90.12"},"notice":"GroundRules: Original legal text. Not legal advice."}