Alabama Statutes

§ 37-6-29 — Bonds or Other Indebtedness - Exemption from Provisions of Securities Law

Alabama § 37-6-29
JurisdictionAlabama
Title 37Public Utilities and Public Transportation
Ch. 6Electric Cooperatives
Art. 1General Provisions

This text of Alabama § 37-6-29 (Bonds or Other Indebtedness - Exemption from Provisions of Securities Law) 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 § 37-6-29 (2026).

Text

The provisions of the Alabama Securities Law shall not apply to any note, bond or other evidence of indebtedness issued by any cooperative transacting business in this state pursuant to this chapter to the United States of America, or any agency or instrumentality thereof, or to any mortgage or deed of trust executed to secure the same. The provisions of said securities law shall not apply to the issuance of membership certificates by any cooperative.

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Legislative History

(Acts 1939, No. 231, p. 371; Code 1940, T. 18, §59.)

Nearby Sections

15
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Bluebook (online)
Alabama § 37-6-29, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/37-6-29.