Alabama § 40-22-5 - Exemption of Certain Farm Loans from Tax.
Full text of Alabama Code of Alabama § 40-22-5 — Exemption of Certain Farm Loans from Tax., with citation guidance and answers to common questions.
§ 40-22-5. Exemption of Certain Farm Loans from Tax.
No tax levied upon the recordation of mortgages, deeds of trust, and instruments of like character shall be levied upon or collected from any corporation or association engaged exclusively in making farm or crop loans, with respect to any instrument executed to secure a loan made by it to one of its stockholders or members for general agricultural purposes, the provisions of any other law to the contrary notwithstanding. The exemption provided herein shall apply to all deeds, mortgages, and instruments of like character executed to those corporations and associations created and chartered under the provisions of that act of Congress known as the Federal Farm Loan Act, as amended by the Farm Credit Act of 1933.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-22-5
What does Code of Alabama § 40-22-5 cover?
Section 40-22-5 ("Exemption of Certain Farm Loans from Tax.") 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 § 40-22-5?
A common citation format is "Code of Alabama § 40-22-5" (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 § 40-22-5 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.