Alabama Code (Last Updated: November 28, 2014)

§16-53-11. Grant or gift not to fail for informality; default, etc., of trustees not to work forfeiture.

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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 arrived at; 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.

(Acts 1967, No. 424, p. 1092, §9.)

                    
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