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.)

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