Alabama § 41-16A-7 - Impact of Other State Laws Upon Interpretation of Contracts Executed Pursuant to This Chapter.
Full text of Alabama Code of Alabama § 41-16A-7 — Impact of Other State Laws Upon Interpretation of Contracts Executed Pursuant to This Chapter., with citation guidance and answers to common questions.
§ 41-16A-7. Impact of Other State Laws Upon Interpretation of Contracts Executed Pursuant to This Chapter.
The provisions of any alternative financing contract that are either permitted or required to be included therein pursuant to this chapter shall be valid and enforceable in accordance with their terms notwithstanding any other laws of the state to the contrary. Notwithstanding the foregoing, the laws of the state other than this chapter shall determine whether a particular alternative financing contract constitutes a lease or a sale of the subject property to the governmental entity with the retention by the grantor party of a security interest and shall determine the applicability of Articles 2, 2A, and/or 9 of Title 7, as amended, to such alternative financing contract.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-16A-7
What does Code of Alabama § 41-16A-7 cover?
Section 41-16A-7 ("Impact of Other State Laws Upon Interpretation of Contracts Executed Pursuant to This Chapter.") 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 § 41-16A-7?
A common citation format is "Code of Alabama § 41-16A-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 § 41-16A-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.