Alabama Statutes
§ 40-22-5 — Exemption of Certain Farm Loans from Tax
Alabama § 40-22-5
This text of Alabama § 40-22-5 (Exemption of Certain Farm Loans from Tax) 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 § 40-22-5 (2026).
Text
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 engaged exclusively in making farm or crop loans, with respect to any instrument executed to secure a loan made by it to one of its stockholders or members for general agricultural purposes, the provisions of any other law to the contrary notwithstanding. The exemption provided herein shall apply to all deeds, mortgages, and instruments of like character executed to those corporations and associations created and chartered under the provisions of that act of Congress known as the Federal Farm Loan Act, as amended by the Farm Credit Act of 1933.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
(Acts 1953, No. 841, p. 1131; Acts 1969, No. 503, p. 960.)
Nearby Sections
15
§ 40-1-1
Definitions§ 40-1-14
Payment of Court Costs§ 40-1-2
Lien for Taxes - Generally§ 40-1-23
Liability of Officers for ConversionCite This Page — Counsel Stack
Bluebook (online)
Alabama § 40-22-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/40-22-5.