Alabama Code (Last Updated: November 28, 2014) |
Title8 COMMERCIAL LAW AND CONSUMER PROTECTION. |
Chapter5. NONNEGOTIABLE INSTRUMENTS. |
Article1. General Provisions. |
§8-5-2. Issuance of change bills, etc., by corporations prohibited.
Latest version.
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No corporation doing business in this state shall pay out, by its agents or officers, any change bills, notes, or paper issued without authority of law, the circulation or passing of which is prohibited by the laws of this state; and if such corporation allows the same, it incurs a forfeiture of its charter.