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 § 5-6A-21

Title 5Banks and Financial Institutions

Ch. 6ADirectors, Officers, and Employees

Art. 2Prohibited Acts

This text of Alabama § 5-6A-21 (Concealment of Loans, Purchase or Sale of Security, 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 § 5-6A-21 (2026).

Text

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.

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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.