Alabama Statutes

§ 11-43C-75 — Notes Not Payable on Demand; Redemption Prior to Maturity; Private Sale

Alabama·Title 11 Counties and Municipal Corporations·Ch. 43C Mayor-Council Form of Government in Class 5 Municipalities
No notes shall be made payable on demand, but any note may be made subject to redemption prior to maturity upon notice and at such time as may be stated in the note. All notes may be sold at not less than par and accrue interest at private sale without previous advertisement.

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Alabama § 11-43C-75 (Notes Not Payable on Demand; Redemption Prior to Maturity; Private Sale) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Acts 1987, No. 87-102, p. 116, §75.)

Nearby Sections

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