Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/5-5A-10.htm |
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Depth: | 0 singles |
Size: | 1,082 bytes |
Modified: | 2005-03-14 10:23:44 |
Categories: | -None- |
Title: | 5-5A-10 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 5-5A-10 Permit to transact business - Required. No bank shall engage in the banking business until it shall have received from the superintendent a permit to transact a banking business. Any person who shall hereafter transact any business as an officer or agent of any bank hereafter incorporated, before such bank is authorized to transact business as a bank by the permit of the superintendent, shall be guilty of a misdemeanor and upon conviction, shall be fined not less than $1,000.00 nor more than $10,000.00. Each day on which said person transacts such business shall be a separate offense. The superintendent is empowered to seek an injunction from any court of competent jurisdiction enjoining such transaction of business. (Acts 1980, No. 80-658, ยง5-5-10.) |