Alabama Code (Last Updated: November 28, 2014) |
Title5 BANKS AND FINANCIAL INSTITUTIONS. |
Chapter5A. ORGANIZATION AND OPERATION OF BANKS. |
§5-5A-12. Membership in federal deposit insurance corporation, etc.
Latest version.
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All banks now or hereafter operating under the laws of this state shall be members of the Federal Deposit Insurance Corporation or such other agency as may be created to insure the deposits of such bank.