# Ala. Code § 41-10-20: Section 41-10-20 Definitions > Alabama · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-20 ## Section - **Citation:** Ala. Code § 41-10-20 - **Heading:** Section 41-10-20 Definitions - **Jurisdiction:** Alabama - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Alabama Code / Title 41 / Chapter 10 / Section 41-10-20 ## Text When used in this article, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) AUTHORITY. The public corporation organized pursuant to the provisions of this article. (2) BOARD OF DIRECTORS. The board of directors of the authority. (3) BONDS. The bonds issued under the provisions of this article. (4) GRANTEE. A county, municipality or local industrial development board organized as a public corporation in this state, or an airport authority organized as a public corporation in this state pursuant to Chapter 3 of Title 4, or whether created by general, special, or local laws, or general acts of local application, if such authority governs an airport operated by a county and at least one municipality therein jointly, to which a grant of money is made as provided in Section 41-10-26. (5) INDUSTRIAL SITES. Land owned by a grantee or potential grantee on which industrial facilities have been or will be constructed for sale or lease to an individual, private association or private corporation. (6) NOMINAL TRANSFEREE. Any person to whom a grantee transfers one or more industrial sites or any part of any thereof for less than fair market value and any person who derives title to such industrial sites or any part of any thereof through such a transferee. (7) PERSON. Unless limited to a natural person by the context in which it is used, such term includes a private firm, a private association, a public or private corporation, a municipality, a county or an agency, department, or instrumentality of the state or of a county or municipality. (8) PREPARATION OF INDUSTRIAL SITES. The grading and draining of industrial sites and the means of access thereto. (9) STATE. The State of Alabama. ## Nearby sections - [Ala. Code § 41-10-1 Section 41-10-1 Alabama Building Authority](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-1.md) - [Ala. Code § 41-10-2 Section 41-10-2 Alabama Building Finance Authority](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-2.md) - [Ala. Code § 41-10-3 Section 41-10-3 Alabama Building Corporation](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-3.md) - [Ala. Code § 41-10-20 Section 41-10-20 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-20.md) - [Ala. Code § 41-10-21 Section 41-10-21 Legislative Findings of Fact and Declaration of Intent; Construction of Article](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-21.md) - [Ala. Code § 41-10-22 Section 41-10-22 Authorization and Procedure for Incorporation](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-22.md) - [Ala. Code § 41-10-23 Section 41-10-23 Filing of Application for Incorporation with Secretary of State; Contents and Execution Thereof; Filing and Recordation of Application by Secretary of State](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-23.md) - [Ala. Code § 41-10-24 Section 41-10-24 Issuance and Recordation of Certificate of Incorporation by Secretary of State; Secretary of State to Receive No Fees in Connection with Incorporation, Dissolution, Etc., of Authority](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-24.md) - [Ala. Code § 41-10-25 Section 41-10-25 Composition; Recordkeeping; Admissibility in Evidence](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-25.md) - [Ala. Code § 41-10-26 Section 41-10-26 Powers of Authority Generally](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-26.md) - [Ala. Code § 41-10-26.1 Section 41-10-26.1 Exercise of Powers Granted to Airport Authorities](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-26.1.md) - [Ala. Code § 41-10-27 Section 41-10-27 Issuance and Sale of Bonds for Purpose of Making Grants for Certain Purposes Authorized; Terms and Conditions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-27.md) - [Ala. Code § 41-10-27.1 Section 41-10-27.1 State Preparation Grant Money for Raw or Completely Undeveloped Sites](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-27.1.md) - [Ala. Code § 41-10-27.2 Section 41-10-27.2 Appropriation of Funds for Payment of Industrial Development Site Grants, Site Assessment Grants, or Site Development Grants](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-27.2.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C10_S41-10-20. Check the current official text before relying on it. Not legal advice.