{"data":{"id":"us-al/ala.-code-5-5a-10","jurisdiction":"us-al","citation":"Ala. Code § 5-5A-10","heading":"Permit to Transact Business - Required.","body":"No bank shall engage in the banking business until it shall have received from the superintendent a permit to transact a banking business. Any person who shall hereafter transact any business as an officer or agent of any bank hereafter incorporated, before such bank is authorized to transact business as a bank by the permit of the superintendent, shall be guilty of a misdemeanor and upon conviction, shall be fined not less than $1,000.00 nor more than $10,000.00. Each day on which said person transacts such business shall be a separate offense. The superintendent is empowered to seek an injunction from any court of competent jurisdiction enjoining such transaction of business.","path":["Title 5 Banks and Financial Institutions.","Chapter 5A Organization and Operation of Banks."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=5-5A-10","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"68efbee7898b9f3dc37a7525edcb9776b24885460eefe525c4b8c818ae78f6e2","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-5-5a-9","next":"us-al/ala.-code-5-5a-11"},"notice":"GroundRules: Original legal text. Not legal advice."}