Alabama Statutes
§ 11-47-229 — Exemption from State Laws Governing Usury or Prescribing or Limiting Interest Rates
Alabama·Title 11 Counties and Municipal Corporations·Ch. 47 Powers, Duties and Liabilities Generally·Art. 9 Parks, Playgrounds, and Other Recreational and Athletic Areas and Facilities
Each authority shall be exempt from the laws of the state governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8.
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Alabama § 11-47-229 (Exemption from State Laws Governing Usury or Prescribing or Limiting Interest Rates) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1996, No. 96-320, p. 361, §11.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate