Alabama Statutes

§ 11-54-97 — Exemption of Boards - Usury and Interest Laws

Alabama § 11-54-97

JurisdictionAlabama

Title 11Counties and Municipal Corporations

Ch. 54Promotion of Industry, Trade, Commerce and Pollution Control

Art. 4Industrial Development Boards

Div. 1General Provisions

This text of Alabama § 11-54-97 (Exemption of Boards - Usury and Interest Laws) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 11-54-97 (2026).

Text

Each industrial development board now or hereafter organized under the provisions of this division is hereby exempted from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8.

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Legislative History

(Acts 1969, No. 1150, p. 2157.)

Nearby Sections

15

§ 11-1-1

Number and Names of Counties

§ 11-1-10

Contracts with Federal, State, and Other County Governments

§ 11-1-11

Payment of Membership Fees in State Organizations, Etc., for Sheriffs, Tax Assessors, Tax Collectors, Circuit Clerks and Registers, License Commissioners, Etc

§ 11-1-12

Preparation, Etc., of County Assessment Maps or Plats

§ 11-1-13

Alteration, Etc., of Precinct or Beat Lines or Creation of New Precincts or Beats

§ 11-1-14

Provision of Voting Places Where Precinct or Beat Lines Altered, Etc., or New Precincts or Beats Created

§ 11-1-15

Authority to Join National and State Association of County Commissions

§ 11-1-16

Warrants for Borrowing Purposes - Execution

§ 11-1-17

Warrants for Borrowing Purposes - Form of Warrants, Refunding Warrants, Coupons, Etc

§ 11-1-2

County Declared a Body Corporate

§ 11-1-3

Jurisdiction Over Navigable Streams Not Within Limits of Any County; Execution of Process on Said Streams

§ 11-1-5

Uniform Designation for County Governing Bodies

§ 11-1-6

Transfer of Money Erroneously Paid into County Treasury, Etc., to State Treasury

§ 11-1-7

Appointment and Use of Public Depositories; Liability

§ 11-1-8

Closing of County Offices on Legal Holidays and for Special Circumstances; Deadlines Extended for Filing Documents

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Bluebook (online)

Alabama § 11-54-97, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/11-54-97.