Alabama Statutes

§ 11-51-131 — Savings and Loan Associations

Alabama·Title 11 Counties and Municipal Corporations·Ch. 51 Taxation·Art. 2 License Taxes·Div. 2 Schedules
Municipalities may levy a license on savings and loan associations in proportion to the amount paid in on nonwithdrawable shares, reserves, and undivided profits of the association upon the same schedule as is provided for banks and none other.

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Alabama § 11-51-131 (Savings and Loan Associations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Acts 1931, No. 159, p. 218; Code 1940, T. 37, §748.)

Nearby Sections

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