Ala. Code § 11-44C-75
Current with legislation from 2024 effective through May 17, 2024.
No notes shall be made payable on demand, but any note may be made subject to redemption prior to maturity upon notice and at such time as may be stated in the note. All notes may be sold at not less than par and accrue interest at private sale without previous advertisement.
Ala. Code § 11-44C-75 (1975)