Alabama § 9-14F-5 - Powers.
Full text of Alabama Code of Alabama § 9-14F-5 — Powers., with citation guidance and answers to common questions.
§ 9-14F-5. Powers.
The authority shall have the following powers:
(1) To have succession by its corporate name without time limit.
(2) To sue and be sued and to prosecute and defend, at law or in equity, in any court having jurisdiction of the subject matter and of the parties.
(3) To have and to use a corporate seal and to alter the same at its pleasure.
(4) To receive, take, and hold by sale, gift, lease, devise or otherwise, real and personal estate or property of every description, and to manage the same.
(5) To sell and issue the state bonds and refunding bonds as provided in this chapter.
(6) To appoint or employ attorneys, accountants, financial advisors, underwriters, trustees, depositories, registrars and other advisors, agents, and independent contractors as the business of the authority may require.
Frequently Asked Questions About Alabama § 9-14F-5
What does Code of Alabama § 9-14F-5 cover?
Section 9-14F-5 ("Powers.") 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 § 9-14F-5?
A common citation format is "Code of Alabama § 9-14F-5" (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 § 9-14F-5 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.