Statutes > Alabama Statutes > Title 5 — BANKS AND FINANCIAL INSTITUTIONS. > Chapter 5A — ORGANIZATION AND OPERATION OF BANKS. > Section 5-5A-16 Issuance of capital notes and debentures.

Section 5-5A-16 Issuance of capital notes and debentures.

Section 5-5A-16

Issuance of capital notes and debentures.

No bank shall issue capital notes or capital debentures except with the prior written approval of the superintendent under such conditions as he may impose.

(Acts 1980, No. 80-658, §5-5-16.)