Section 11-54-97 Exemption of boards - Usury and interest laws.
Section 11-54-97
Exemption of boards - Usury and interest laws.
Each industrial development board now or hereafter organized under the provisions of this division 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. 1150, p. 2157.)