Home/Alabama/Statutes/Title 8: Commercial Law and Consumer Protection/Ch. 29: Timely Payments to Contractors and Subcontractors/§ 8-29-5
Alabama Statutes

§ 8-29-5 — Waiver of Right to Receive Interest

Alabama·Title 8 Commercial Law and Consumer Protection·Ch. 29 Timely Payments to Contractors and Subcontractors
A party may not waive the right to receive interest before a payment is due under a contract subject to this section. A party may waive the interest due on any late payment on or after the date the payment is due under Section 8-29-3.

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Alabama § 8-29-5 (Waiver of Right to Receive Interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Acts 1995, No. 95-380, p. 775, §5.)

Nearby Sections

15
§ 8-1-1
Contracts Restraining Business Void; Exceptions
§ 8-1-100
Consideration for Bidding or Not Bidding at Public Sale Prohibited
§ 8-1-101
Bids on Public Lands Under Agreement to Transfer Same Prohibited
§ 8-1-102
Contracts Violating Sections 8-1-100 and 8-1-101 Void
§ 8-1-103
Selling Improvements on Public Lands by Person Making Same
§ 8-1-120
Definitions
§ 8-1-121
Certain Contracts for Future Delivery Void; Exceptions
§ 8-1-122
Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract
§ 8-1-123
Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract
§ 8-1-124
Contracts for Future Delivery of Cotton Not Made Subject to Federal Statutes Prima Facie Evidence of Void Contract
§ 8-1-125
Making or Assisting in Making Contract for Future Delivery When Actual Delivery Not Intended - Profit Intended to Be Paid in Money on Day of Delivery
§ 8-1-126
Making or Assisting in Making Contract for Future Delivery When Actual Delivery Not Intended - Price Based on Bona Fide Sales on Exchange or Board of Trade Without Making Execution on Exchange or Board of Trade
§ 8-1-127
Futures Contracts Made in Another State
§ 8-1-128
Establishing Office to Engage in Business of “Futures”
§ 8-1-129
Proof of Establishment of Place to Publish Commodities Information Prima Facie Evidence of Guilt
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