{"data":{"id":"us-al/ala.-code-37-7-15","jurisdiction":"us-al","citation":"Ala. Code § 37-7-15","heading":"Bonds or Obligations - Purchase of Own Obligations.","body":"A corporation shall have power out of any funds available therefor to purchase any obligations issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All obligations so purchased shall be cancelled.","path":["Title 37 Public Utilities and Public Transportation.","Chapter 7 Electric Membership Corporations."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=37-7-15","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:51Z","sha256":"ff190cc5704476b0d7fe46aa5dcf91b2510b8cb4987a5c1cd3f71a2991eff3d8","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-37-7-16","next":"us-al/ala.-code-37-7-17"},"notice":"GroundRules: Original legal text. Not legal advice."}