Each corporation organized under the provisions of this article, and all contracts made by such corporations, shall be exempt from the provisions and requirements of Sections 41-16-50 through 41-16-63.
Ala. Code § 11-20-49
Exemptions of Corporations - Competitive Bid Laws.
(Acts 1977, No. 762, p. 1310, §19.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.