GroundRules
Ala. Code § 5-24-27: Set-Off.
Where this section sits in the code
- Title 5 Banks and Financial Institutions.
- Chapter 24 Uniform Multiple-Person Accounts Act.
- Article 3 Protection of Financial Institutions.
Without qualifying any other statutory right to set-off or lien and subject to any contractual provision between a party and a financial institution, if any party is indebted to a financial institution, the financial institution has a right to set-off against the entire amount of the account without regard to the net contribution of the parties to the account.
Collected 2026-09-03T14:01:52Z. Source file · JSON