Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-50-415 - Exemption from usury and interest statutes

Section 11-50-415 - Exemption from usury and interest statutes.

Each gas district now or hereafter 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 of this Code.

(Acts 1975, No. 1128, §1.)

Last modified: May 3, 2021