Alabama Code (Last Updated: November 28, 2014) |
Title5 BANKS AND FINANCIAL INSTITUTIONS. |
Chapter5A. ORGANIZATION AND OPERATION OF BANKS. |
§5-5A-36. Notice upon maturity of certificate of deposit issued for more than 90 days.
Latest version.
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In the case of certificates of deposit issued for more than 90 days which are automatically renewable, a bank shall send within a reasonable period, but in no event less than five days before the next maturity, a written notice to the last known address of record.