Alabama § 11-82-4 Limitation on Redemption Prices

Alabama Statutes

§ 11-82-4 — Limitation on Redemption Prices

Alabama § 11-82-4

Title 11Counties and Municipal Corporations

Ch. 82Redemption of Securities

This text of Alabama § 11-82-4 (Limitation on Redemption Prices) 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 § 11-82-4 (2026).

Text

The price or prices at which any redemption whatsoever shall be made shall not exceed the par value of the securities with respect to which such option may be exercised plus accrued interest thereon to the redemption date and plus a premium which shall not exceed 12 months’ interest on such securities, computed at the rate which such securities would bear on the redemption date as specified therein if such option had not been exercised.

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The price or prices at which any redemption whatsoever shall be made shall not exceed the par value of the securities with respect to which such option may be exercised plus accrued interest thereon to the redemption date and plus a premium which shall not exceed 12 months’ interest on such securities, computed at the rate which such securities would bear on the redemption date as specified therein if such option had not been exercised.