Alabama Code 45-45-241. Mayfair Towers Corporation
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 45-45-241
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- property: includes both real and personal property. See Alabama Code 1-1-1
In Madison County, all property owned by the Mayfair Towers Corporation, a Huntsville, Alabama, corporation, and used by the organization is hereby exempted from all county and local ad valorem taxation.