There is a newer version of the Code of Alabama
2006 Alabama Code - Section 10-4-142 — Taking of security by mortgage or otherwise.
Notwithstanding the provisions of any other law of this state, now or hereinafter enacted, any corporation organized under the provisions of this article shall be authorized to take and receive security by a mortgage, or otherwise, on property, real and personal.
(Acts 1969, No. 322, p. 681, §20.)
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