GroundRules
Ala. Code § 5-2A-11: Superintendent - Losses; Bank to Correct Impairment of Capital.
Where this section sits in the code
- Title 5 Banks and Financial Institutions.
- Chapter 2A State Banking Department.
- Article 1 General Provisions.
Whenever losses are sustained by a bank, such losses shall be charged on the books of the bank as losses so that the books of the bank will show the true condition of the bank. When, by reason of losses or otherwise, the capital of a bank is impaired, and when the bank has been notified by the superintendent, under Section 5-2A-10, the bank must make good its impairment of capital in a manner approved by the superintendent.
Collected 2026-09-03T14:01:52Z. Source file · JSON