Ala. Code § 11-50-415

Current through the 2024 Regular Session.
Section 11-50-415 - Exemption from usury and interest statutes

Each gas district now or hereafter organized under the provisions of this article is hereby exempted from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8 of this Code.

Ala. Code § 11-50-415 (1975)

Acts 1975, No. 1128, §1.