Alabama § 5-10A-16 Compliance with Chapter, Federal Laws, Etc., Not to Entail Liability

Alabama Statutes

§ 5-10A-16 — Compliance with Chapter, Federal Laws, Etc., Not to Entail Liability

Alabama·Title 5 Banks and Financial Institutions·Ch. 10A Banking Emergencies and Compliance with Federal Laws

No bank nor any surety or guarantor of any bank shall suffer any penalty or liability for damages or increase of liability or be in default, nor shall any maker, endorser, guarantor or other party or person be released from liability or obligation or be in default by reason of a bank’s compliance with any action of any state official authorized or ratified by this chapter or compliance with any act of Congress of the United States now or hereafter enacted or with any rule or regulation promulgated by duly constituted officials of the United States.

Free access — add to your briefcase to read the full text and ask questions with AI

No bank nor any surety or guarantor of any bank shall suffer any penalty or liability for damages or increase of liability or be in default, nor shall any maker, endorser, guarantor or other party or person be released from liability or obligation or be in default by reason of a bank’s compliance with any action of any state official authorized or ratified by this chapter or compliance with any act of Congress of the United States now or hereafter enacted or with any rule or regulation promulgated by duly constituted officials of the United States.

Alabama § 5-10A-16 (Compliance with Chapter, Federal Laws, Etc., Not to Entail Liability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.