§ 5-6A-22 — Overdrawing Own Account; Receipt of Commissions, Etc., to Procure Loans, Discounts, Etc

Alabama § 5-6A-22

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

Text

Any officer, director, or employee of a bank who willfully and knowingly overdraws his account with such bank and thereby obtains money or funds of any such bank except as the superintendent shall allow by regulation, or asks, receives, consents or agrees to receive any commission, emolument, gratuity, or reward or any promise of any commission, emolument or reward, or any money, property or thing of value or of personal advantage in procuring or endeavoring to procure for any person, firm or corporation any loan from or the purchase or discount of any paper, note, draft, check or bill of exchange by any such bank is guilty of a misdemeanor.

Legislative History

(Acts 1980, No. 80-658, §5-6-22.)