Ala. Code § 37-4-12

Guarantee or Obligation on Part of State Not to Be Implied.

(Acts 1920, No. 37, p. 38; Code 1923, §9749; Code 1940, T. 48, §314.)

Nothing in this article shall be construed to imply any guarantee or obligation as to such securities on the part of the State of Alabama.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.