Any grantor party and each person claiming by, through, or under a grantor party may conclusively rely on the legal authority of a governmental entity to enter into an alternative financing contract and to perform the obligations of such governmental entity thereunder.
Ala. Code § 41-16A-10
Reliance of Grantor Party on Legal Authority of Entity.
Known as the Alabama Governmental Leasing Act
The act spans §§ 41-16A-1 to 41-16A-9 (11 sections).
(Acts 1993, No. 93-261, p. 389, §10.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.