Section 11-50-415 Exemption from usury and interest statutes.
Section 11-50-415
Exemption from usury and interest statutes.
Each gas district now or hereafter 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 of this Code.
(Acts 1975, No. 1128, §1.)