Section 5-5A-10 Permit to Transact Business - Required.
Banks may not do banking business until they get a permit from the superintendent. A person acting for a newly incorporated bank before it is authorized can commit a misdemeanor and be fined. The superintendent may seek an injunction to stop the business.
- Jurisdiction
- United States — Alabama
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
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bank authorization bank operations injunctions
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Section 5-5A-10 Permit to Transact Business - Required.
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