Alabama § 41-10-20 - Definitions.
Full text of Alabama Code of Alabama § 41-10-20 — Definitions., with citation guidance and answers to common questions.
§ 41-10-20. Definitions.
When used in this article, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) AUTHORITY. The public corporation organized pursuant to the provisions of this article.
(2) BOARD OF DIRECTORS. The board of directors of the authority.
(3) BONDS. The bonds issued under the provisions of this article.
(4) GRANTEE. A county, municipality or local industrial development board organized as a public corporation in this state, or an airport authority organized as a public corporation in this state pursuant to Chapter 3 of Title 4, or whether created by general, special, or local laws, or general acts of local application, if such authority governs an airport operated by a county and at least one municipality therein jointly, to which a grant of money is made as provided in Section 41-10-26.
(5) INDUSTRIAL SITES. Land owned by a grantee or potential grantee on which industrial facilities have been or will be constructed for sale or lease to an individual, private association or private corporation.
(6) NOMINAL TRANSFEREE. Any person to whom a grantee transfers one or more industrial sites or any part of any thereof for less than fair market value and any person who derives title to such industrial sites or any part of any thereof through such a transferee.
(7) PERSON. Unless limited to a natural person by the context in which it is used, such term includes a private firm, a private association, a public or private corporation, a municipality, a county or an agency, department, or instrumentality of the state or of a county or municipality.
(8) PREPARATION OF INDUSTRIAL SITES. The grading and draining of industrial sites and the means of access thereto.
(9) STATE. The State of Alabama.
Frequently Asked Questions About Alabama § 41-10-20
What does Code of Alabama § 41-10-20 cover?
Section 41-10-20 ("Definitions.") 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 § 41-10-20?
A common citation format is "Code of Alabama § 41-10-20" (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 § 41-10-20 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.