Code of Alabama - Title 5: Banks and Financial Institutions - Section 5-1A-4 - Restrictions on engaging in banking business

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.)

Last modified: May 3, 2021