Alabama § 41-14-36 Receipt, Etc., of Fee, Compensation, Etc., for Placement, Etc., of State Moneys in Time Deposits, Open Account, Demand Deposits, Etc

Alabama Statutes

§ 41-14-36 — Receipt, Etc., of Fee, Compensation, Etc., for Placement, Etc., of State Moneys in Time Deposits, Open Account, Demand Deposits, Etc

Alabama § 41-14-36

Title 41State Government

Ch. 14State Funds Generally

Art. 2Deposit of State Funds

This text of Alabama § 41-14-36 (Receipt, Etc., of Fee, Compensation, Etc., for Placement, Etc., of State Moneys in Time Deposits, Open Account, Demand Deposits, Etc) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 41-14-36 (2026).

Text

Any person who knowingly demands or receives any fee, compensation, or reward or who demands or accepts directly or indirectly as payment or gift or otherwise any sum of money or other thing of value as an inducement or in return for the placement of any funds or for assistance either directly or indirectly in securing the placement of any moneys of the State of Alabama in time deposits, open account, demand accounts, or otherwise shall be guilty of a felony and, upon conviction, shall be imprisoned for not more than three years or fined not more than $3,000.00 or both; and, in the event the person convicted is an officer, agent or employee of the State of Alabama, he shall be dismissed from office or discharged from employment.

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Any person who knowingly demands or receives any fee, compensation, or reward or who demands or accepts directly or indirectly as payment or gift or otherwise any sum of money or other thing of value as an inducement or in return for the placement of any funds or for assistance either directly or indirectly in securing the placement of any moneys of the State of Alabama in time deposits, open account, demand accounts, or otherwise shall be guilty of a felony and, upon conviction, shall be imprisoned for not more than three years or fined not more than $3,000.00 or both; and, in the event the person convicted is an officer, agent or employee of the State of Alabama, he shall be dismissed from office or discharged from employment.