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 § 5-10A-16

Title 5Banks and Financial Institutions

Ch. 10ABanking Emergencies and Compliance with Federal Laws

This text of Alabama § 5-10A-16 (Compliance with Chapter, Federal Laws, Etc., Not to Entail Liability) 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 § 5-10A-16 (2026).

Text

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.

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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.