Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-95-13 - Exemption from usury and interest laws

Section 11-95-13 - Exemption from usury and interest laws.

A corporation shall be exempt from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, but without limitation to, the provisions of Chapter 8 of Title 8 as it may at any time be amended.

(Acts 1981, No. 81-338, p. 480, §13.)

Last modified: May 3, 2021