Alabama Statutes
§ 40-22-4 — Exemption of Production Credit Corporations and Associations
No tax levied upon the recordation of mortgages, deeds of trust, and instruments of like character shall be levied upon or collected from any corporation or association organized pursuant to Subchapter IV of Chapter 7, Title 12, United States Code Annotated, with respect to any instrument executed to secure a loan made by it to one of its members for general agricultural purposes, the provisions of any other law to the contrary notwithstanding.
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Legislative History
(Acts 1951, No. 540, p. 953.)
Nearby Sections
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§ 40-1-1
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Payment of Court Costs§ 40-1-2
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