Section 5-1A-4 Restrictions on engaging in banking business. - Alabama Statutes

Section 5-1A-4

Restrictions on engaging in banking business.

No person, firm, corporation or other entity except a bank or if otherwise lawfully authorized a credit union or a savings and loan association may lend money and either receive deposits or pay checks at its principal office or branch in this state.

(Acts 1980, No. 80-658, §5-1-4.)