This chapter or any part thereof may be modified, amended or repealed so as to effect a cancellation or alteration of any license or right of a licensee hereunder; provided, that such cancellation or alteration shall not impair or affect the obligation of any preexisting lawful contract between any licensee and any borrower.
Ala. Code § 5-18-22
Modification, Amendment or Repeal of Chapter.
Known as the Alabama Small Loan Act
The act spans §§ 5–5 (24 sections).
(Acts 1959, No. 374, p. 966, §20.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.