Section 10A-20-7.08

Corporation to be state development company.

Any corporation organized under this article shall be a state development company, as defined in the Small Business Investment Act of 1958, or any other similar federal legislation, and shall be authorized to operate on a statewide basis.

(Acts 1969, No. 322, p. 681, §17; §10-4-137; amended and renumbered by Act 2009-513, p. 967, §336.)