Code of Alabama - Title 5: Banks and Financial Institutions - Section 5-18-22 - Modification, amendment or repeal of chapter

Section 5-18-22 - Modification, amendment or repeal of chapter.

This chapter or any part thereof may be modified, amended or repealed so as to effect a cancellation or alteration of any license or right of a licensee hereunder; provided, that such cancellation or alteration shall not impair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.

(Acts 1959, No. 374, p. 966, §20.)

Last modified: May 3, 2021