Section 11-50-319 Exemption from usury and interest statutes. - Alabama Statutes

Section 11-50-319

Exemption from usury and interest statutes.

Each waterworks board 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.

(Acts 1975, No. 1151, §1.)