Ala. Code § 23-7-22

Current through the 2024 Regular Session.

Section 23-7-22 - Purchase of outstanding bonds

The bank, subject to agreements with bondholders as may then exist, may purchase outstanding bonds of the bank with any available funds, at any reasonable price. If the bonds are then redeemable, the price shall not exceed the redemption price then applicable plus accrued interest to the next interest payment date.

Ala. Code § 23-7-22 (1975)

Added by Act 2015-50,§ 22, eff. 7/1/2015.