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11-60-18
Section 11-60-18 Exemptions of corporations - Usury and interest laws. Each corporation organized
pursuant to the provisions of this chapter 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. (Acts 1973, No. 1296, p. 2210, §2.)...
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11-20-48
Section 11-20-48 Exemptions of corporations - Usury and interest laws. Each corporation 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. (Acts 1977, No. 762, p. 1310, §14.)...
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11-58-15
Section 11-58-15 Exemptions of corporations - Usury and interest laws. Each medical clinic
board now or hereafter organized under the provisions of this chapter, as amended, 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. (Acts
1969, No. 1151, p. 2157.)...
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11-99A-16
Section 11-99A-16 Exemptions of district - Usury and interest laws. The rate of interest borne
by the assessments shall be exempt from all usury laws or laws prescribing or restricting
the rate of interest. Each district organized under this chapter is exempt 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. (Act 99-446, p. 1013, §1.)...
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22-21-6
Section 22-21-6 Certain public hospital corporations exempted from usury and interest rate
limitation laws. (a) Bonds, notes and other securities issued by any public hospital corporation
are hereby exempted from all laws of the state governing usury or prescribing or limiting
interest rates, including, without limitation, the provisions of Chapter 8 of Title 8 of this
code. (b) For the purposes of this section, the following terms shall have the meanings respectively
ascribed to them by this subsection: (1) STATE. The State of Alabama. (2) PUBLIC HOSPITAL
CORPORATION. Any public corporation organized pursuant to the provisions of any of the following
statutes, as heretofore or hereafter amended: a. Section 22-21-5, b. Article 3 of this chapter,
or c. Division 1 of Article 4 of this chapter. (Acts 1975, No. 192, p. 679.)...
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22-21-182
Section 22-21-182 Borrowing by corporation generally; debts not obligations of state, counties
or municipalities; tax exemptions. (a) All securities of the corporation shall be signed in
the name and behalf of the corporation by its chairman and attested by its secretary, but
a facsimile of the signature of one, but not both, of such officers may be printed thereon
in lieu of the manual signature of such officer, and the seal of the corporation shall be
affixed thereto or a facsimile thereof printed thereon. Any interest coupons applicable to
any securities of the corporation shall be signed by its chairman, but a facsimile of such
chairman's signature may be printed on any such interest coupons in lieu of his manually signing
the same. Any securities of the corporation may be executed and delivered by it at any time
and from time to time, shall be in such form and denomination and of such tenor and maturity
or maturities not exceeding 40 years from their date, shall contain such...
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8-8-7
Section 8-8-7 Maximum rates of interest - Exemption of bonds, notes, etc., of state, instrumentalities,
localities, etc. Any bonds, notes, warrants, other evidences of indebtedness, or securities
issued by the State of Alabama or any department, agency, or instrumentality thereof, by any
not-for-profit public or private corporation at any time organized or created pursuant to
act of the Legislature or executive order of the Governor for the purpose of acting as an
instrumentality of the State of Alabama or otherwise acting in the public interest and by
any board of water and sewer commissioners created under the provisions of Article 10, Chapter
50, Title 11, and authorized to issue bonds under Section 11-50-345 by any municipality, by
any county, by any public corporation heretofore or hereafter organized or created in the
State of Alabama pursuant to authorization, determination, finding, or other action of any
municipality or municipalities or county or counties or the governing...
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11-62-19
Section 11-62-19 Exemptions of authority - Usury and interest laws. Any authority and all contracts
made by it shall be exempt from the laws of the state governing usury or prescribing or limiting
interest rates, including, but without limitation to, the provisions of Chapter 8 of Title
8, as such laws may at any time be amended. Further, any payment payable directly or indirectly
by any user pursuant to any lease, installment sale contract, loan agreement, or other contract
to which an authority is a party, any payment pursuant to any authorized purpose obligation
or any payment pursuant to any other obligation constituting the source of payment for any
obligation of an authority which, in any such case under the laws of the state in effect at
the time, constitutes interest, or a payment in the nature of interest, shall be exempt from
all such laws of the state governing usury or prescribing or limiting interest rates. (Acts
1979, No. 79-332, p. 506, §13.)...
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11-97-19
Section 11-97-19 Exemption from usury and interest laws. Any corporation and all contracts
made by it shall be exempt from the laws of the State of Alabama governing usury or prescribing
or limiting interest rates, including, but without limitation to, the provisions of Chapter
8 of Title 8. Further, any payment payable directly or indirectly by any provider pursuant
to any lease, installment sale contract, loan agreement, or other contract to which a corporation
is a party, any payment pursuant to any utility service agreement or any payment pursuant
to any other obligation constituting the source of payment for any obligation of a corporation
which, in any such case under the laws of the state in effect at the time, constitutes interest,
or a payment in the nature of interest, shall be exempt from all such laws of the state governing
usury or prescribing or limiting interest rates. (Acts 1984, No. 84-314, p. 695, §19.)...
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11-95-13
Section 11-95-13 Exemption from usury and interest laws. A corporation shall be exempt from
the laws of the State of Alabama governing usury or prescribing or limiting interest rates,
including, but without limitation to, the provisions of Chapter 8 of Title 8 as it may at
any time be amended. (Acts 1981, No. 81-338, p. 480, §13.)...
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