Alabama § 45-52-161.11 - Contract with Owners of Obligations Issued Under General Law.
Full text of Alabama Code of Alabama § 45-52-161.11 — Contract with Owners of Obligations Issued Under General Law., with citation guidance and answers to common questions.
§ 45-52-161.11. Contract with Owners of Obligations Issued Under General Law.
The allocations, distributions, and payments to be made under Section 45-52-161.05 for the payment of the principal of, premium, if any, and interest on the obligations shall constitute a contract with the owners of the obligations and shall remain in effect, and no amendment, repeal, or termination (in whole or in part) thereof shall be made, until all of the principal of, premium, if any, and interest on the obligations shall have been paid in full. No provision of this part shall operate or be construed to authorize the district to issue the obligations or any other bonds or securities, which provision is declarative of existing law and shall have a retrospective and prospective operation.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 45-52-161.11
What does Code of Alabama § 45-52-161.11 cover?
Section 45-52-161.11 ("Contract with Owners of Obligations Issued Under General Law.") 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 § 45-52-161.11?
A common citation format is "Code of Alabama § 45-52-161.11" (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 § 45-52-161.11 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.