11-95-18
Section 11-95-18 Earnings of corporation. A corporation shall be a nonprofit corporation and
no part of its net earnings remaining after payment of its expenses shall inure to the benefit
of any individual, firm, or corporation, except that in the event its board shall determine
that sufficient provision has been made for the full payment of the expenses, bonds, and other
obligations of a corporation, then any portion, as determined by its board, of the net earnings
of a corporation thereafter accruing may be paid to its authorizing subdivisions in equal
shares. (Acts 1981, No. 81-338, p. 480, §18.)...
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23-7-30
Section 23-7-30 Net earnings of bank not to inure to benefit of any individual, firm, or corporation.
The bank shall be a nonprofit corporation and no part of its net earnings remaining after
payment of its expenses shall inure to the benefit of any individual, firm, or corporation,
except that in the event its board of directors shall determine that sufficient provision
has been made for the full payment of the expenses, bonds, other financial assistance, and
other obligations of the bank, then any net earnings of the bank thereafter accruing shall
be paid to the state. (Act 2018-290, §2.)...
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45-39-221.08
Section 45-39-221.08 Earnings of tourism board. The tourism board shall be a public corporation
and no part of its net earnings remaining after payment of its expenses shall inure to the
benefit of any individual, firm, or corporation, except that in the event the board determines
that sufficient provision has been made for the full payment of the expenses and other obligations
of the tourism board, any portion, as determined by the board, of the net earnings of the
tourism board thereafter accruing may be paid to the City of Florence. (Act 2014-267, p. 859,
§9.)...
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45-49-90.11
Section 45-49-90.11 Earnings of the corporation. The corporation shall be a nonprofit corporation
and no part of its net earnings remaining after payment of its expenses shall inure to the
benefit of any individual, firm, or corporation; except, that in the event the board of directors
of the corporation shall determine that sufficient provision has been made for the full payment
of expenses, bonds, and other obligations of the corporation, then any net earnings of the
corporation thereafter accruing shall be disposed of in accordance with the articles of incorporation.
(Act 88-626, p. 976, § 12.)...
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11-54-188
Section 11-54-188 Earnings of an authority. An authority shall be a nonprofit corporation and
no part of its net earnings remaining after payment of its expenses shall inure to the benefit
of any individual, firm, or corporation, except that in the event a board shall determine
that sufficient provision has been made for the full payment of the expenses, bonds, and other
obligations of an authority, then any net earnings of an authority thereafter accruing shall
be paid to its authorizing municipality. (Acts 1980, No. 80-648, p. 1235, §19.)...
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11-54A-19
Section 11-54A-19 Earnings of authority. The authority shall be a nonprofit corporation and
no part of its net earnings remaining after payment of its expenses shall inure to the benefit
of any individual, firm, or corporation, except that in the event a board shall determine
that sufficient provision has been made for the full payment of the expenses, bonds, and other
obligations of the authority, then any net earnings of the authority thereafter accruing shall
be paid to the city. (Acts 1985, No. 85-683, p. 1080, §19.)...
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11-89A-19
Section 11-89A-19 Disposition of net earnings of authority. An authority shall be a nonprofit
corporation and no part of its net earnings remaining after payment of its expenses shall
inure to the benefit of any individual, firm, or corporation, except that in the event a board
shall determine that sufficient provision has been made for the full payment of the expenses,
bonds, and other obligations of an authority, then any portion, as determined by the board,
of the net earnings of an authority thereafter accruing may, in the discretion of the board,
be paid to one or more of its determining subdivisions. (Acts 1980, No. 80-278, p. 368, §20;
Acts 1989, No. 89-744, p. 1476, §10.)...
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11-92C-19
Section 11-92C-19 Earnings of authority. An authority shall be a nonprofit corporation and
no part of its net earnings remaining after payment of its expenses shall inure to the benefit
of any individual, firm, or corporation, except that in the event the board shall determine
that sufficient provision has been made for the full payment of the expenses, bonds, and other
obligations of the authority, then any net earnings of the authority thereafter accruing shall
be paid to the authorizing subdivision or private user for the creation and maintenance of
the project. (Act 2020-72, §19.)...
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11-94-16
Section 11-94-16 Disposition of net earnings. Each authority organized hereunder shall be a
nonprofit public corporation and no part of its net earnings remaining after payment of its
expenses shall inure to the benefit of any individual, firm or corporation, except that in
the event its board shall determine that sufficient provision has been made for the full payment
of the expenses, bonds and other obligations of the authority, then any net earnings of an
authority thereafter accruing shall be paid in equal amounts to its authorizing subdivisions.
(Acts 1980, No. 80-647, p. 1220, §16.)...
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11-99A-51
Section 11-99A-51 Disposition of net earnings. The district shall be a nonprofit, public corporation,
and no part of its net earnings remaining after payment of its expenses shall inure to the
benefit of any individual, firm, or corporation; except, that in the event the board of directors
of the board shall determine that sufficient provision has been made for the full payment
of the expenses, bonds, and other obligations of the district, any net earnings of the corporation
thereafter accruing shall be paid to the appointing government or as otherwise provided in
the articles of incorporation or proceedings with respect to the bonds. (Act 99-446, p. 1013,
§1.)...
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