GroundRules
Ala. Code § 11-20-48: Exemptions of Corporations - Usury and Interest Laws.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 1 Provisions Applicable to Counties Only.
- Chapter 20 Promotion of Industry and Trade.
- Article 2 Industrial Development Boards.
Each corporation 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.
Collected 2026-09-03T14:01:51Z. Source file · JSON