Alabama Code 11-11B-2. Power and authority of grantees
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Each grantee shall have the power, and, when approved by its governing body, the authority, to do or perform any one or more of the following:
Terms Used In Alabama Code 11-11B-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Donor: The person who makes a gift.
- following: means next after. See Alabama Code 1-1-1
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1