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2022 Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Chapter 5 - Nonnegotiable Instruments.
Article 1 - General Provisions.
Section 8-5-2 - Issuance of Change Bills, etc., by Corporations Prohibited.
Universal Citation: AL Code § 8-5-2 (2022)
Section 8-5-2
Issuance of change bills, etc., by corporations prohibited.
No corporation doing business in this state shall pay out, by its agents or officers, any change bills, notes, or paper issued without authority of law, the circulation or passing of which is prohibited by the laws of this state; and if such corporation allows the same, it incurs a forfeiture of its charter.
(Code 1852, §936; Code 1867, §1172; Code 1876, §1425; Code 1886, §1194; Code 1896, §867; Code 1907, §5151; Code 1923, §9224; Code 1940, T. 39, §193.)
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