Alabama § 41-1-7 - Issuance of Securities in Fully Registered Form Without Coupons.
Full text of Alabama Code of Alabama § 41-1-7 — Issuance of Securities in Fully Registered Form Without Coupons., with citation guidance and answers to common questions.
§ 41-1-7. Issuance of Securities in Fully Registered Form Without Coupons.
(a) The state, and each county, municipality, board of education, political subdivision, public instrumentality, public corporation, or other public entity howsoever identified, which is authorized by law to issue bonds, warrants, notes, certificates of indebtedness or other securities howsoever identified is hereby further authorized to issue any such securities in fully registered form without coupons.
(b) This law shall not repeal any existing law which authorizes the issuance of securities in any other form but no such existing law shall be construed to prohibit the issuance of securities in the form permitted by subsection (a) hereof or to require that securities be issued in any form other than that permitted hereby.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-1-7
What does Code of Alabama § 41-1-7 cover?
Section 41-1-7 ("Issuance of Securities in Fully Registered Form Without Coupons.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 41-1-7?
A common citation format is "Code of Alabama § 41-1-7" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 41-1-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.