GroundRules
Ala. Code § 11-44C-75: Notes Not Payable on Demand; Redemption Prior to Maturity; Private Sale.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 2 Provisions Applicable to Municipal Corporations Only.
- Chapter 44C Government of Class 2 Municipalities.
No notes shall be made payable on demand, but any note may be made subject to redemption prior to maturity upon notice and at such time as may be stated in the note. All notes may be sold at not less than par and accrue interest at private sale without previous advertisement.
Collected 2026-09-03T14:01:51Z. Source file · JSON