Ala. Code § 11-50-415

Current with legislation from 2024 effective through May 17, 2024.
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.

Ala. Code § 11-50-415 (1975)

Acts 1975, No. 1128, §1.