Restrictions on Engaging in Banking Business

Ala. Code § 5-1A-4 — under Title 5.

Ala. Code § 5-1A-4

No person, firm, corporation or other entity except a bank or if otherwise lawfully authorized a credit union or a savings and loan association may lend money and either receive deposits or pay checks at its principal office or branch in this state.

History: (Acts 1980, No. 80-658, §5-1-4.)