Code of Alabama - Title 5: Banks and Financial Institutions - Section 5-1A-4 - Restrictions on engaging in banking business
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Section 5-1A-4 - Restrictions on engaging in banking business.
No person, firm, corporation or other entity except a bank or if otherwise lawfully authorized a credit union or a savings and loan association may lend money and either receive deposits or pay checks at its principal office or branch in this state.
(Acts 1980, No. 80-658, §5-1-4.)
Sections: 5-1A-1 5-1A-2 5-1A-3 5-1A-4 5-1A-5 5-1A-6 5-1A-7 5-1A-8 5-1A-9 5-1A-10
Last modified: February 19, 2012
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