Section 11-20-48 Exemptions of corporations - Usury and interest laws.
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.)