Alabama § 11-95-12 - Liability of Authorizing Subdivisions.
Full text of Alabama Code of Alabama § 11-95-12 — Liability of Authorizing Subdivisions., with citation guidance and answers to common questions.
§ 11-95-12. Liability of Authorizing Subdivisions.
Neither of the authorizing subdivisions shall be liable in any manner for the payment of the principal of or interest on any bonds of a corporation or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever that may be undertaken by a corporation, and neither the bonds of a corporation nor any of its agreements or obligations shall be construed to constitute an indebtedness of either of the authorizing subdivisions within the meaning of any constitutional or statutory provision whatsoever.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 11-95-12
What does Code of Alabama § 11-95-12 cover?
Section 11-95-12 ("Liability of Authorizing Subdivisions.") 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 § 11-95-12?
A common citation format is "Code of Alabama § 11-95-12" (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 § 11-95-12 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.