Alabama Code (Last Updated: November 28, 2014) |
Title11 COUNTIES AND MUNICIPAL CORPORATIONS. |
Title1 PROVISIONS APPLICABLE TO COUNTIES ONLY. |
Chapter11A. WARRANTS ISSUED IN ANTICIPATION OF AD VALOREM TAXES. |
§11-11A-4. Exemption from usury or interest provisions.
Latest version.
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Any warrants issued by a county under the provisions of this chapter are 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, as amended.