Alabama § 22-21-6 Certain Public Hospital Corporations Exempted from Usury and Interest Rate Limitation Laws

Alabama Statutes

§ 22-21-6 — Certain Public Hospital Corporations Exempted from Usury and Interest Rate Limitation Laws

Alabama § 22-21-6

Title 22Health, Mental Health, and Environmental Control

Ch. 21Hospitals and Other Health Care Facilities Generally

Art. 1General Provisions

This text of Alabama § 22-21-6 (Certain Public Hospital Corporations Exempted from Usury and Interest Rate Limitation 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 § 22-21-6 (2026).

Text

(a)Bonds, notes and other securities issued by any public hospital corporation are hereby exempted from all laws of the state governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8 of this code.

(b)For the purposes of this section, the following terms shall have the meanings respectively ascribed to them by this subsection:

(1)STATE. The State of Alabama.

(2)PUBLIC HOSPITAL CORPORATION. Any public corporation organized pursuant to the provisions of any of the following statutes, as heretofore or hereafter amended: a. Section 22-21-5, b. Article 3 of this chapter, or c. Division 1 of Article 4 of this chapter.

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(a) Bonds, notes and other securities issued by any public hospital corporation are hereby exempted from all laws of the state governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8 of this code.
(b) For the purposes of this section, the following terms shall have the meanings respectively ascribed to them by this subsection:
(1) STATE. The State of Alabama.
(2) PUBLIC HOSPITAL CORPORATION. Any public corporation organized pursuant to the provisions of any of the following statutes, as heretofore or hereafter amended:
a. Section 22-21-5,
b. Article 3 of this chapter, or
c. Division 1 of Article 4 of this chapter.