Ala. Code § 8-29-5

Current through the 2024 Regular Session.

Section 8-29-5 - Waiver of right to receive interest

A party may not waive the right to receive interest before a payment is due under a contract subject to this section. A party may waive the interest due on any late payment on or after the date the payment is due under Section 8-29-3.

Ala. Code § 8-29-5 (1975)

Acts 1995, No. 95-380, p. 775, §5.