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2017 Code of Alabama
Title 5 - BANKS AND FINANCIAL INSTITUTIONS.
Chapter 5A - ORGANIZATION AND OPERATION OF BANKS.
Section 5-5A-36 - Notice upon maturity of certificate of deposit issued for more than 90 days.
Universal Citation: AL Code § 5-5A-36 (2017)
Section 5-5A-36Notice upon maturity of certificate of deposit issued for more than 90 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.
(Acts 1980, No. 80-658, §5-5-36.)
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