2021 Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 11B - Securities Issued in Anticipation of Grants.
Section 11-11B-5 - Exemption of Securities From Taxation.

Universal Citation: AL Code § 11-11B-5 (2021)

Section 11-11B-5

Exemption of securities from taxation.

All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state.

(Acts 1981, No. 81-797, p. 1399, §5.)

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