Alabama § 41-10-841 - Definitions.
Full text of Alabama Code of Alabama § 41-10-841 — Definitions., with citation guidance and answers to common questions.
§ 41-10-841. Definitions.
For purposes of this article, the following terms have the following meanings:
(1) ACCELERATOR. A company that, for a fixed term, educates and mentors early-stage technology companies recruited to a location in Alabama with the goal of accelerating the company’s development and growth.
(2) ECONOMIC DEVELOPMENT ORGANIZATION. A local economic development organization or a state economic development organization.
(3) INNOVATE ALABAMA. The Alabama Innovation Corporation created by Section 41-10-802.
(4) INNOVATING ALABAMA TAX CREDIT. The tax credit provided for in subsection (a) of Section 41-10-844.
(5) LOCAL ECONOMIC DEVELOPMENT ORGANIZATION. An organization that is determined by Innovate Alabama to meet both of the following criteria:
a. Is an Alabama entity not operating for profit, including, but not limited to, a municipality or county, an industrial board or authority, a chamber of commerce, or some other foundation or Alabama nonprofit corporation charged with improving a community or region of the state.
b. Has a record of supporting or otherwise participating in economic development in some part of the state.
(6) STATE ECONOMIC DEVELOPMENT ORGANIZATION. An organization that is determined by Innovate Alabama to be an Alabama entity not operating for profit which is charged with improving the state or a region of the state and has a record of supporting or otherwise participating in economic development in the state.
Frequently Asked Questions About Alabama § 41-10-841
What does Code of Alabama § 41-10-841 cover?
Section 41-10-841 ("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 § 41-10-841?
A common citation format is "Code of Alabama § 41-10-841" (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 § 41-10-841 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.