Alabama § 11-92B-5 - Articles of Incorporation.
Full text of Alabama Code of Alabama § 11-92B-5 — Articles of Incorporation., with citation guidance and answers to common questions.
§ 11-92B-5. Articles of Incorporation.
(a) The articles of incorporation of an authority shall state all of the following:
(1) The names of the incorporators of the authority and that each of them is a resident of the county of incorporation or a municipality whose corporate limits lie in whole or in part within the operational area of the authority.
(2) The name of the authority, which may be a name indicating in a general way the name of the former military installation or a geographically descriptive word or words, and shall include the words “Development Authority” (e.g., “The _______ Development Authority” or “The Development Authority of _______,” the blank space to be filled in with a name indicating in a general way the name of the former military installation or geographically descriptive word or words, but the descriptive word or words shall not preclude the authority from exercising its powers in its operational area).
(3) A designation of the operational area of the authority, including the name or names of each municipality whose corporate limits include the operational area of the authority.
(4) The period of the authority, which may be perpetual.
(5) The location of the principal office of the authority, which shall be within the boundaries of the operational area of the authority.
(6) That the authority is organized pursuant to this chapter.
(7) If the exercise by the authority of any of its powers is to be in any way prohibited, limited, or conditioned, a statement of the terms of the prohibition, limitation, or condition.
(8) The number of initial directors appointed in accordance with this chapter and the duration of their respective terms of office.
(9) A plan of distribution of all remaining assets, properties, debts, and obligations of the authority upon dissolution of the authority and any other provisions not inconsistent with this chapter relating to the dissolution of the authority.
(10) Any other matters relating to the authority that the incorporators may choose to insert and that are not inconsistent with this chapter or with the laws of the state.
(b) The articles shall be signed by each of the incorporators.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 11-92B-5
What does Code of Alabama § 11-92B-5 cover?
Section 11-92B-5 ("Articles of Incorporation.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 11-92B-5?
A common citation format is "Code of Alabama § 11-92B-5" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 11-92B-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.