There is a newer version of the Code of Alabama
2015 Code of Alabama
Title 8 - COMMERCIAL LAW AND CONSUMER PROTECTION.
Chapter 29 - TIMELY PAYMENTS TO CONTRACTORS AND SUBCONTRACTORS.
Section 8-29-5 - Waiver of right to receive interest.
AL Code § 8-29-5 (2015) What's This?
Section 8-29-5Waiver of right to receive interest. A party may not waive the right to receive interest before a payment is due under a contract subject to this section. A party may waive the interest due on any late payment on or after the date the payment is due under Section 8-29-3.
(Acts 1995, No. 95-380, p. 775, §5.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
