Find Laws Find Lawyers Free Legal Forms USA State Laws

ALABAMA STATUTES AND CODES

Section 41-14A-8 Contingent liability.

Section 41-14A-8

Contingent liability.

Every qualified public depository that is solvent shall guarantee public depositors against loss caused by the default or insolvency of other qualified public depositories according to the terms of this chapter and shall enter into an agreement of contingent liability with the State Treasurer on behalf of the Loss Payment Fund, which agreement shall be in a form which is prescribed or approved by the board of directors, and which, when executed, shall become a part of the official records of the SAFE Program. The qualified public depository shall submit to the State Treasurer evidence that the depository's contingent liability agreement has been approved by the board of directors or other governing body of the qualified public depository and shall become a part of the official records of the qualified public depository.

(Act 2000-748, p. 1669, §1.)

Alabama Forms by Issue

Alabama Court Forms
> Claims
Alabama Divorce Forms
Alabama Environmental Forms
Alabama Marriage Forms
Alabama Name Change Forms
Alabama Other Forms
Alabama Retirement Forms
Alabama Tax Forms

Alabama Law

Alabama State Laws
    > Alabama Child Support
    > Alabama Gun Law
    > Alabama Statute
Alabama Tax
    > Alabama State Tax
Alabama Agencies
    > Alabama Department of Corrections
    > Alabama Department of Education
    > Alabama Department of Revenue
    > Alabama Department of Transportation
    > Alabama DMV
    > Alabama Medicaid
    > Alabama Secretary of State

Alabama Court Map

Tips