Alabama § 5-6A-21 Concealment of Loans, Purchase or Sale of Security, Etc

Alabama Statutes

§ 5-6A-21 — Concealment of Loans, Purchase or Sale of Security, Etc

Alabama·Title 5 Banks and Financial Institutions·Ch. 6A Directors, Officers, and Employees·Art. 2 Prohibited Acts

Any officer or employee of a bank who intentionally conceals from the directors or a committee of such bank where the directors have delegated authority to a committee to pass on loans and discounts, any discount or loan made for and in behalf of the bank between the regular meetings of its board of directors or committee or the purchase or the sale of any of its securities during the same period is guilty of a misdemeanor.

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

Any officer or employee of a bank who intentionally conceals from the directors or a committee of such bank where the directors have delegated authority to a committee to pass on loans and discounts, any discount or loan made for and in behalf of the bank between the regular meetings of its board of directors or committee or the purchase or the sale of any of its securities during the same period is guilty of a misdemeanor.

Alabama § 5-6A-21 (Concealment of Loans, Purchase or Sale of Security, Etc) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.