Statutes > Alabama Statutes > Title 10 — CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS. > Chapter 4 — PARTICULAR CORPORATIONS, ASSOCIATIONS, ETC. > Section 10-4-134 Membership - Application; when effective.

Section 10-4-134 Membership - Application; when effective.

Section 10-4-134

Membership - Application; when effective.

Any financial institution may request membership in the corporation by making application to the board of directors on such form in such manner as said board of directors may require, and membership shall become effective upon acceptance of such application by said board.

(Acts 1969, No. 322, p. 681, §5.)