Alabama § 4-3-47.1 - Participation by Authorities in Certain Business Entities Relating to Airport Activities; Eminent Domain.
Full text of Alabama Code of Alabama § 4-3-47.1 — Participation by Authorities in Certain Business Entities Relating to Airport Activities; Eminent Domain., with citation guidance and answers to common questions.
§ 4-3-47.1. Participation by Authorities in Certain Business Entities Relating to Airport Activities; Eminent Domain.
(a) An airport authority may participate in a corporation, partnership, or joint venture as a general or limited partner, shareholder, or member of any lawful business entity relating to airport operations, land acquisitions, and activities incidental to the operation of the authority in order to create, establish, acquire, operate, or support subsidiaries and affiliates, either for profit or nonprofit, to assist the authority in fulfilling its purposes. The authority may make or arrange for loans, contributions to capital, and other debt and equity financing for: (i) the activities of any corporation of which the authority is a shareholder; (ii) any joint venture in which the authority is a joint venturer; (iii) any limited partnership or general partnership of which the authority is a general or limited partnership; (iv) any nonprofit corporation in which the authority is a member; or (v) any other lawful form of business organization of which the authority is a member, and to guarantee loans and any other obligations for such purposes incidental to the operation of the authority.
(b) A corporation, partnership, or joint venture established pursuant to this section shall not have the power of eminent domain.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 4-3-47.1
What does Code of Alabama § 4-3-47.1 cover?
Section 4-3-47.1 ("Participation by Authorities in Certain Business Entities Relating to Airport Activities; Eminent Domain.") 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 § 4-3-47.1?
A common citation format is "Code of Alabama § 4-3-47.1" (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 § 4-3-47.1 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.