State Codes and Statutes

Statutes > Alabama > Title8 > Chapter29 > 8-29-5

Section 8-29-5

Waiver of right to receive interest.

A party may not waive the right to receive interest before a payment is due under a contract subject to this section. A party may waive the interest due on any late payment on or after the date the payment is due under Section 8-29-3.

(Acts 1995, No. 95-380, p. 775, §5.)

State Codes and Statutes

Statutes > Alabama > Title8 > Chapter29 > 8-29-5

Section 8-29-5

Waiver of right to receive interest.

A party may not waive the right to receive interest before a payment is due under a contract subject to this section. A party may waive the interest due on any late payment on or after the date the payment is due under Section 8-29-3.

(Acts 1995, No. 95-380, p. 775, §5.)

State Codes and Statutes

State Codes and Statutes

Statutes > Alabama > Title8 > Chapter29 > 8-29-5

Section 8-29-5

Waiver of right to receive interest.

A party may not waive the right to receive interest before a payment is due under a contract subject to this section. A party may waive the interest due on any late payment on or after the date the payment is due under Section 8-29-3.

(Acts 1995, No. 95-380, p. 775, §5.)