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2020 Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 2A - State Banking Department.
Article 1 - General Provisions.
Section 5-2A-10 - Superintendent - Make Good Any Impairment of Capital.
Universal Citation: AL Code § 5-2A-10 (2020)
Section 5-2A-10
Superintendent - Make good any impairment of capital.
Whenever the superintendent shall have reason to believe that the capital of any bank is impaired, he may in his discretion require such bank to make good the deficit by the date specified by him, which requirement shall be in writing. The superintendent may cause the affairs of any such bank to be examined to ascertain the amount of such impairment and whether the deficiency has been made good as required by law.
(Acts 1980, No. 80-658, §5-2-12.)
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