Alabama § 22-21-112 - Issuance of Securities - Validation Prior to Issuance.
Full text of Alabama Code of Alabama § 22-21-112 — Issuance of Securities - Validation Prior to Issuance., with citation guidance and answers to common questions.
§ 22-21-112. Issuance of Securities - Validation Prior to Issuance.
The directors of any hospital corporation may, in their discretion, before the issuance of any securities, determine the authority of the hospital corporation to issue such securities, and the legality of all proceedings had or taken in connection therewith and the validity of the tax or other means provided for the payment thereof and the validity of all pledges of revenues and of all covenants and provisions contained in any resolution authorizing the securities in a proceeding instituted and conducted in accordance with Sections 6-6-750 through 6-6-757 as the same may be amended from time to time, or any similar proceeding prescribed by law, but such proceedings shall not be essential to the validity of such securities.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 22-21-112
What does Code of Alabama § 22-21-112 cover?
Section 22-21-112 ("Issuance of Securities - Validation Prior to Issuance.") 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 § 22-21-112?
A common citation format is "Code of Alabama § 22-21-112" (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 § 22-21-112 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.