Alabama § 11-82-2 - Retention of Option to Redeem - Generally.
Full text of Alabama Code of Alabama § 11-82-2 — Retention of Option to Redeem - Generally., with citation guidance and answers to common questions.
§ 11-82-2. Retention of Option to Redeem - Generally.
Any county or municipality in this state which may hereafter issue securities may, if such action shall be deemed advisable by the governing body of such county or municipality, retain in the proceedings of such governing body authorizing the issuance of such securities an option to redeem all or any part thereof as may be specified in such proceedings at such price or prices and after such notice or notices and on such terms and conditions as may be set forth in such proceedings and as may be briefly recited in the face of such securities.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 11-82-2
What does Code of Alabama § 11-82-2 cover?
Section 11-82-2 ("Retention of Option to Redeem - Generally.") 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 § 11-82-2?
A common citation format is "Code of Alabama § 11-82-2" (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 § 11-82-2 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.