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2015 Code of Alabama
Title 5 - BANKS AND FINANCIAL INSTITUTIONS.
Chapter 16 - SAVINGS AND LOAN ASSOCIATIONS.
Section 5-16-52 - State associations may make contracts, loans or investments available to federal savings and loan associations.

AL Code § 5-16-52 (2015) What's This?
Section 5-16-52State associations may make contracts, loans or investments available to federal savings and loan associations.

Any savings and loan association which is organized under and by virtue of applicable statutes of the State of Alabama and operating under the laws of the State of Alabama may make any contract, loan or investment which such association could make were it incorporated and operating as a federal savings and loan association with its domicile in this state.

(Acts 1945, No. 120, p. 113, §2.)

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