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2018 Code of Alabama
Title 5 - BANKS AND FINANCIAL INSTITUTIONS.
Chapter 5A - ORGANIZATION AND OPERATION OF BANKS.
Section 5-5A-12 - Membership in federal deposit insurance corporation, etc.
Universal Citation: AL Code § 5-5A-12 (2018)
Section 5-5A-12Membership in federal deposit insurance corporation, etc.
All banks now or hereafter operating under the laws of this state shall be members of the Federal Deposit Insurance Corporation or such other agency as may be created to insure the deposits of such bank.
(Acts 1980, No. 80-658, §5-5-12.)
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