Alabama Code (Last Updated: November 28, 2014)

§16-47A-10. Validity of grants or gifts; forfeiture of rights, privileges, etc.

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No grant or gift, by will or otherwise, shall fail on account of any misnomer or informality when the intent of the grantor or donor can be determined; nor shall any default, malfeasance, or nonuser on the part of the trustees or other officers or agents of such corporation work a forfeiture of any of its rights, privileges, powers, or franchises.

(Act 2012-497, p. 1460, §11.)

                    
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