Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-58-15 - Exemptions of corporations - Usury and interest laws

Section 11-58-15 - Exemptions of corporations - Usury and interest laws.

Each medical clinic board now or hereafter organized under the provisions of this chapter, as amended, 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.

(Acts 1969, No. 1151, p. 2157.)

Last modified: May 3, 2021