GroundRules
Ala. Code § 11-54-97: Exemption of Boards - Usury and Interest Laws.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 2 Provisions Applicable to Municipal Corporations Only.
- Chapter 54 Promotion of Industry, Trade, Commerce and Pollution Control.
- Article 4 Industrial Development Boards.
- Division 1 General Provisions.
Each industrial development board now or hereafter organized under the provisions of this division 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