Section 41-16A-10 Reliance of grantor party on legal authority of entity. - Alabama Statutes

Section 41-16A-10

Reliance of grantor party on legal authority of entity.

Any grantor party and each person claiming by, through, or under a grantor party may conclusively rely on the legal authority of a governmental entity to enter into an alternative financing contract and to perform the obligations of such governmental entity thereunder.

(Acts 1993, No. 93-261, p. 389, §10.)