Statutes > Alabama Statutes > Title 11 — COUNTIES AND MUNICIPAL CORPORATIONS. > Title 1 Provisions Applicable to Counties Only. > Section 11-11B-5 Exemption of securities from taxation.

Section 11-11B-5 Exemption of securities from taxation.

Section 11-11B-5

Exemption of securities from taxation.

All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state.

(Acts 1981, No. 81-797, p. 1399, §5.)