Credit of State Not to Be Pledged.

  1. Law
  2. Code of Alabama
  3. Alabama Business and Nonprofit Entities Code.
  4. Special Purpose Entities.
  5. Industrial Development Corporation.
  6. Credit of State Not to Be Pledged.

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Section 10A-20-7.12

Credit of state not to be pledged.

Under no circumstances shall the credit of the state be pledged to any corporation organized under this article.

(Acts 1969, No. 322, p. 681, §16; §10-4-141; amended and renumbered by Act 2009-513, p. 967, §336.)


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