There is a newer version of the Code of Alabama
2006 Alabama Code - Section 11-58-15 — Exemptions of corporations - Usury and interest laws.
Each medical clinic board now or hereafter organized under the provisions of this chapter, as amended, 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.
(Acts 1969, No. 1151, p. 2157.)
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