Ala. Code § 41-1-43
This is the official text of Ala. Code § 41-1-43, part of Alabama’s Code — part of the compiled statutory law of Alabama, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Section 41-1-43 Credit Enhancement or Liquidity Agreements
Official statutory text
Except as specifically required by paragraph (2)b of Section 41-1-42, in connection with entering into any swap agreement, any governmental entity may enter into credit enhancement or liquidity agreements with payment, term, security (including the pledge of collateral by the governmental entity), substitution of collateral, valuation of collateral or amounts payable under the agreement, default, remedy, and other procedures, terms, and conditions as the governmental entity determines are necessary or desirable.
Status: in_force · Read it on the official government site
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