2020 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 20 - Special Purpose Entities.
Article 7 - Industrial Development Corporation.
Section 10A-20-7.12 - Credit of State Not to Be Pledged.

Universal Citation: AL Code § 10A-20-7.12 (2020)

Section 10A-20-7.12

Credit of state not to be pledged.

Under no circumstances shall the credit of the state be pledged to any corporation organized under this article.

(Acts 1969, No. 322, p. 681, §16; §10-4-141; amended and renumbered by Act 2009-513, p. 967, §336.)

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