Alabama § 41-1-10 Section 41-1-9 Deemed Declarative of Existing Law

Alabama Statutes

§ 41-1-10 — Section 41-1-9 Deemed Declarative of Existing Law

Alabama § 41-1-10

Title 41State Government

Ch. 1General Provisions

Art. 1In General

This text of Alabama § 41-1-10 (Section 41-1-9 Deemed Declarative of Existing 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 § 41-1-10 (2026).

Text

The provisions of Section 41-1-9 shall be deemed declarative of existing law and shall not be construed in a manner adverse to the validity of, or the lawfulness of the interest payable with respect to, (i) any bonds, warrants, notes, certificates of indebtedness, or other securities at any time issued by any issuer described in Section 41-1-9 hereof, or (ii) any debt at any time incurred by any private person, corporation, or other legal entity.

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The provisions of Section 41-1-9 shall be deemed declarative of existing law and shall not be construed in a manner adverse to the validity of, or the lawfulness of the interest payable with respect to, (i) any bonds, warrants, notes, certificates of indebtedness, or other securities at any time issued by any issuer described in Section 41-1-9 hereof, or (ii) any debt at any time incurred by any private person, corporation, or other legal entity.