Alabama § 16-47-3 - Power to Hold and Dispose of Property.
Full text of Alabama Code of Alabama § 16-47-3 — Power to Hold and Dispose of Property., with citation guidance and answers to common questions.
§ 16-47-3. Power to Hold and Dispose of Property.
Such corporation may hold and may lease, sell or in any other manner not inconsistent with the object or terms of the grant or grants under which it holds dispose of any property, real or personal, or any estate or interest therein, remaining of the original or any subsequent grant by Congress, or by this state, or by any person, or accruing to the corporation from any source, including also the proceeds of the University Fund, as to it may seem best for the purposes of its institution.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 16-47-3
What does Code of Alabama § 16-47-3 cover?
Section 16-47-3 ("Power to Hold and Dispose of Property.") 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 § 16-47-3?
A common citation format is "Code of Alabama § 16-47-3" (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 § 16-47-3 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.