Notice Upon Maturity of Certificate of Deposit Issued for More Than 90

Ala. Code § 5-5A-36 — under Title 5.

Ala. Code § 5-5A-36

Days.

In the case of certificates of deposit issued for more than 90 days which are automatically renewable, a bank shall send within a reasonable period, but in no

event less than five days before the next maturity, a written notice to the last known address of record.

History: (Acts 1980, No. 80-658, §5-5-36.)