GroundRules
Ala. Code § 5-7A-24: Issuance of Stock by State Bank.
Where this section sits in the code
- Title 5 Banks and Financial Institutions.
- Chapter 7A Bank Merger, Consolidation, or Conversion.
- Article 2 Conversion of National Banks into State Banks.
Such state bank shall have authority to issue to the stockholders of the national bank from which it was converted shares of stock of the same amount and of the same par value as is held by each of said stockholders in such national bank.
Collected 2026-09-03T14:01:52Z. Source file · JSON