Section 41-14A-8 Contingent Liability.
A solvent qualified public depository must guarantee depositors against losses from other qualified public depositories’ default or insolvency, enter a contingent liability agreement with the State Treasurer, and submit proof of board approval of that agreement.
- Jurisdiction
- United States — Alabama
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
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Section 41-14A-8 Contingent Liability.
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