There is a newer version of the Code of Alabama
2006 Alabama Code - Section 11-43C-75 — Notes not payable on demand; redemption prior to maturity; private sale.
No notes shall be made payable on demand, but any note may be made subject to redemption prior to maturity upon notice and at such time as may be stated in the note. All notes may be sold at not less than par and accrue interest at private sale without previous advertisement.
(Acts 1987, No. 87-102, p. 116, §75.)
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