Section 11-51-131 Savings and loan associations. - Alabama Statutes

Section 11-51-131

Savings and loan associations.

Municipalities may levy a license on savings and loan associations in proportion to the amount paid in on nonwithdrawable shares, reserves, and undivided profits of the association upon the same schedule as is provided for banks and none other.

(Acts 1931, No. 159, p. 218; Code 1940, T. 37, §748.)