Alabama § 36-27-3 - Corporate Powers Generally.
Full text of Alabama Code of Alabama § 36-27-3 — Corporate Powers Generally., with citation guidance and answers to common questions.
§ 36-27-3. Corporate Powers Generally.
(a) The Retirement Systems of Alabama, which consist of the Employees’ Retirement System of Alabama and the Teachers’ Retirement System of Alabama, shall have within its corporate powers, the right to purchase, sell and hold title, in its own name, to any interest or estate in real property.
(b) The Retirement Systems of Alabama shall have within its corporate powers the right to establish, as is consistent with the intent and purpose of the competitive bid laws of the State of Alabama, such facilities and procedures for the making of purchases and for the payment of all equipment and expenses reasonably necessary to the operation of the Retirement Systems of Alabama.
Frequently Asked Questions About Alabama § 36-27-3
What does Code of Alabama § 36-27-3 cover?
Section 36-27-3 ("Corporate Powers Generally.") 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 § 36-27-3?
A common citation format is "Code of Alabama § 36-27-3" (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 § 36-27-3 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.