Home/Alabama/Statutes/Title 5: Banks and Financial Institutions/Ch. 1A: General Provisions/§ 5-1A-4
Alabama Statutes

§ 5-1A-4 — Restrictions on Engaging in Banking Business

Alabama § 5-1A-4
JurisdictionAlabama
Title 5Banks and Financial Institutions
Ch. 1AGeneral Provisions

This text of Alabama § 5-1A-4 (Restrictions on Engaging in Banking Business) 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 § 5-1A-4 (2026).

Text

No person, firm, corporation or other entity except a bank or if otherwise lawfully authorized a credit union or a savings and loan association may lend money and either receive deposits or pay checks at its principal office or branch in this state.

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Legislative History

(Acts 1980, No. 80-658, §5-1-4.)

Nearby Sections

15
§ 5-10A-1
Authorization or Direction of Banks to Postpone Paying Liabilities, Segregate Deposits and Assets, Renew Loans, Etc
§ 5-10A-10
Segregation of Assets - Commingling of Items in Classes of Deposits
§ 5-10A-11
Segregation of Assets - Adjustments; Identification of Segregated Items
§ 5-10A-12
Discharge of Deposits of Script, Clearinghouse Certificates or Emergency Currency
§ 5-10A-13
Issuance and Reissuance of Script, Clearinghouse Certificates or Emergency Currency
§ 5-10A-14
Issuance of Notes or Certificates of Indebtedness as Evidence of Compensation for Services or Labor During Banking Emergency
§ 5-10A-15
Authorization and Approval of Reorganization of Bank Without Receivership Liquidation
§ 5-10A-16
Compliance with Chapter, Federal Laws, Etc., Not to Entail Liability
§ 5-10A-17
Officers Not to Incur Liability or Penalties for Compliance with Orders of Superintendent, Federal Laws, Etc
§ 5-10A-2
Promulgation of Rules and Regulations; Requirements of Reports, Etc., Generally
§ 5-10A-3
Declaration of Banking Holidays; Promulgation of Emergency Rules or Regulations
§ 5-10A-4
Extension, Etc., of Banking Holiday or Emergency Rules or Regulations
§ 5-10A-5
Sections 5-10A-1 through 5-10A-4 Applicable Only in Emergencies; Duration of Emergency Action
§ 5-10A-6
Operation of Banks Under Federal Laws
§ 5-10A-7
Payment of Expenses of Bank Operating Without Receivership Liquidation
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Bluebook (online)
Alabama § 5-1A-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/5-1A-4.